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Art Market Booms from Foreign Investment In UK

London thrives as foreign art investors seek safe haven from political and financial instability

Wealth Partnership becomes chartered ahead of schedule

The firm beat its target of becoming chartered by December 2012.

Coutts invests to give clients institutional offering

Not content with advising the Queen, Coutts, the private bank, has other big ambitions: it wants to deliver the kind of investment service to its wealthy clients that sophisticated institutional investors are used to elsewhere. Its owner, Royal Bank of Sc

Quilter relocates in Edinburgh to make room for hires

Quilter first opened a dedicated office in Edinburgh in January 2011, soon after appointing Alan Aitchison as its head and Mark Hallam as investment manager.

Investec warns of flat profits as UK arm slows

Williams de Broe moved on to Investec’s IT platform at the end of last month and the business has been rebranded as Investec Wealth & Investment with 15 offices around the UK.

Investec Global Special Situations Fund removed from Wealth 150

They focus on facts, not forecasts, looking for strong balance sheets, low debt and simple business models.

UBS looks to put cap on banker bonuses

UBS is looking at capping bankers’ bonuses as the Swiss bank joins its European peers in cracking down on remuneration schemes following regulatory and investor pressure.

Barclays pay will be based on good behaviour

“Every business unit, and every individual, will have a balanced scorecard derived from the group’s, and against which they are measured. Compensation will be based on the balanced scorecard,” he explained.

AXA Wealth removes commission charges on top ups

AXA Wealth has removed its commission-related charges it retains on top-ups to reflect the fact commission will not be paid after the retail distribution review (RDR).

UK multi-millionaires mapped: where do the wealthy live?

WealthInsight, specialists in data on high net worth individuals, have released the latest figures on UK multimillionaires - defined as having net assets of more than US$30m - broken down by where they live.

Deutsche Bank renews push for ultra rich clients

"A strong investment bank franchise in Asia, Eastern Europe and the Middle East gives the bank access to entrepreneurs and other wealthy individuals."

deVere names Goldman Sachs as a preferred fund advisor

The deVere Group, the world's largest independent financial advisory, is proud to announce that it has selected Goldman Sachs Asset Management as one of its preferred Fund Advisers to provide exclusive investment management solutions to its clients

Capco whitepaper explores the wealth transfer time bomb

The paper outlines the digital demands next generation customers will present as they inherit the current population’s wealth in just a few years.

Germany’s oldest privately owned bank to expand in US

Germany’s oldest privately owned bank is seeking to add sales staff to its two-strong New York office, as the head of its UK operations suggested that US investors could return to European equities “very quickly” in the right conditions.

Brooks Macdonald readies for RDR with £4.4m acquisition

Pre-tax profit was £8.5m on revenue of £53.3m compared to £7.3m off £52.2m a year earlier.

Italy's Azimut breaks €17bn AuM mark

Assets managed by the company stood for the first time above €17bn, and €19.1bn assets under administration.

AFH Financial buys IFA firm

"IFA adviser numbers have also grown from 53 at the time of flotation last year to 91 at the start of September.

ARC launch new Charity Indices

The ARC Charity Indices allow charity portfolio performance to be compared versus a realistic and sizable peer group of charities whose portfolios have exhibited similar volatility characteristics.

Credit Suisse clients may withdraw $37 billion over tax in next few years

Credit Suisse could see clients in western Europe withdraw up to a net $37 billion in the next few years as Switzerland bows to pressure to stop foreigners using secret offshore accounts to evade taxes.

Wealth ‘doesn’t always equate to happiness’

GREAT wealth can cause great conflict, according to Barclays specialist Catherine Grum.

Wealth and Asset Management