- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Global Wealth 2012, Highs and Lows of World Salaries

Last year, the smallest wages in Europe were paid in Ukraine, Moldova and Albania.

Fewer than one in four advisers have moved to fee model, says platform provider

Most financial advisers have begun altering the way they receive payments for their services but fewer than one in four have completed the move to charging clients fees for their work, according to a new survey.

Lloyds May Sell Stake in St James's Place Wealth Management

According to the Sunday Times newspaper, Lloyds' 60% stake in St James's Place Wealth Management could be placed with investors in the market before the end of the year.

StanChart private bank to focus on super-rich clients

The British bank typically defines such clients as those who have $25 million invested with the bank, and who are thought to have assets of at least $100 million; the industry refers to such clients as the ultra-high net worth (UHNW) category.

HSBC raises money laundering provisions by $800m

However, the bank said underlying profits in the quarter had increased.

ARC Private Client Indices - RESEARCH

The Q3 2012 performance figures for the ARC Private Client Indices have been calculated. The figures show the actual returns achieved, on average, by discretionary private client managers across four different risk profiles.

RBS raises PPI claims bill by a further £400m

Despite the losses, chief executive Stephen Hester said that RBS was "making progress".

Income boost powers 44% Coutts profit jump

This included two new appointments to the board of Coutts & Co Ltd Zurich

Romania’s richest lose EUR 18.5 bln during crisis

The total value of the wealth of Romania’s 500 richest people included in the Forbes ranking is at some EUR 21.5 billion, down from EUR 40 billion in 2008.

Dutch bankers to sign integrity oaths, accept bonus caps

Analysts suggest those earning more than €100,000 are set to take the biggest hit from the deal to impose spending cuts and hike taxes in the next few years in order to meet deficit targets.

Lloyds drops to quarterly loss after 1 billion pound PPI hit

Lloyds Banking Group has set aside a further £1bn to cover compensation for customers who were mis-sold payment protection insurance (PPI).

Walker Crips to sell corporate advice arm for £270,000

Walker Crips, which earlier this year disposed of its asset management business to Liontrust, wants to sell the entire issued share capital of KBR, though the proposed deal will be subject to regulatory approval.

Charities still unsure about ethical investments

Charities increasingly adopting ethical investment policies, but concerns over financial returns remain

Commission friendly offering from platform one

The new service provides a platform for international advisers who want to operate a traditional, commission-based revenue model.

French asset manager opens in Hong Kong

The French asset manager brings its multi-boutique offering to the territory, adding to its five other Asia-Pacific offices.

Top investment managers lose assets

Assets managed by the world’s largest 500 fund managers fell by around 3% to US$63 trillion in 2011, breaking a trend of the last two years which had seen assets rise by 16% and 4% in 2009 and 2010, respectively.

Carmignac staff seek to work outside France as tax regime bites

In echoes of fund managers fleeing London on news of tax hikes for the wealthy in 2010

Barclays reports Q3 loss under new CEO

Commenting on its current performance, Barclays noted that October continues to be affected by the challenging economic environment and subdued market volumes, and it continues to be cautious about the environment in which it operates.

SJP looks to grow adviser numbers as assets reach £32.8billion

St. James's Place outpaces slow market with sales

Standard Life sees 37% annual wrap growth

Long-term savings new business sales of £14.4bn

Wealth and Asset Management