10/24/2012
Italy's Banca Leonardo set private banking targets for 2012
"Our aim is to recruit professionals with strong experience, who share our vision of the business."
Wealth and Asset Management
10/24/2012
Standard Life move prompts IFA fear over orphaned clients
Adviser says provider’s “fair” move highlights issue of clients that may suffer through going direct post-RDR.
10/24/2012
Credit Suisse Third-Quarter Profit Falls on Own Debt Charge
Private Banking with 3Q12 net revenues of CHF 2,591 million and pre-tax income of CHF 689 million
10/24/2012
64% investors would stop using their IFA if they began charging an hourly rate
The findings come from Legal & General Investments' What Matters Investment Index which investigates investors' views of the market which is now in its third year.
10/23/2012
AWD demands advisers cut clients to improve service
The national IFA has told around 50 of its 200 advisers who advise more than 250 clients to cut numbers by January.
10/23/2012
Rathbone funds edge up to £17.3bn
The total annualised rate of net inflows of 5.5% (2011: 8.2%) in Rathbone Investment Management for the nine months ended 30 September 2012
10/23/2012
Hargreaves chief picks up £1.2m bonus
The company saw pre-tax profits increase to £152.8m for the year to 30 June, compared with £126m during the prior year.
10/22/2012
Independent asset managers are gaining in importance in Germany's private wealth management market
IAMs first became a recognized profession in 1998.
10/22/2012
Lloyds considers plan to ditch annual bonuses
Lloyds Banking Group is considering whether to ditch annual bonuses for senior staff and extend the timeframe of longer-term incentives to up to 10 years, the Financial Times reported on Monday.
10/22/2012
WH Ireland paves way for dividend in balance sheet overhaul
WH Ireland has opened the possibility of rewarding investors with a dividend in a proposed overhaul of its balance sheet.
10/22/2012
EFG launches low-cost portfolio service for advisers
EFG Harris Allday has launched a low-cost model portfolio service to cater for IFAs’ demand for multi-asset funds with lower charges.
10/22/2012
Major UK Wealth Firms In Merger Talks
"Culturally and geographically, this transaction is as good a fit as you will find in private client management," a source close to the deal said.
10/21/2012
HSBC puts £400m +++ worldwide advertising business up for review
HSBC's brand is one of the great success stories of modern marketing, according to HSBC themselves
10/21/2012
A paradigm shift in the asset management industry - RESEARCH
In the past thirty years asset management has evolved from a profession to a distribution-driven industry, and shifted from a client-driven approach to being product-driven. In the third paper published by the 300 Club,
10/21/2012
Old Mutual Global Investors outlines growth plan
Group pledges to ‘develop further’ its product range.
10/18/2012
Barclays wealth arm consults FSA over fund group admin fees post RDR
Barclays and other wealth managers will likely have to buy the clean fee share classes
10/18/2012
MFP Wealth Management first to receive British Standards certificate
The BS8577 is a work-based assessment in which the British Standards Institute visits a firm
10/18/2012
Private Banking Will Get More Complicated -RESEARCH
The Boston Consulting Group has made public a new study of the market for wealth management
10/18/2012
UBS Said to Widen Job Cuts to 400 at Investment Bank
UBS is considering cuts in equities and fixed income as it trims its merger advisory staff
10/18/2012
Brooks co-founder steps down from board as FUM jumps 6.5%
As at 30 September 2012 discretionary funds under management totalled GBP £3.751 billion.