09/26/2012
Wealth managers expand services to private clients
UK wealth managers are bolstering their investment advice services in preparation for next year’s retail distribution review, which changes the fee structure for financial advisers.
Wealth and Asset Management
09/26/2012
New head of Catella’s wealth management announced
The integration of the two sets of operations in Catella Bank will strengthen the range of services offered to clients, with both superior management services and borrowing and lending arranged by the bank.
09/26/2012
Ex-Bluefin practice head joins Best Practice
Best Practice has also taken on board Arch Financial Planning, a firm with eight advisers and around £90m assets under advice.
09/25/2012
Sir Andrew Crockett Obituary
Sir Andrew Crockett, who has died aged 69, was the only Briton to have held the post of general manager of the Bank for International Settlements, the Basle-based institution which fosters co-operation between the world’s central banks.
09/25/2012
Sanlam to merge Principal and Merchant Securities
A source familiar with the situation said the merger of Merchant Securities with discretionary fund managers Principal would lead to Sanlam targeting high-end clients with more than £500,000 to invest.
09/25/2012
Credit Suisse plans to dismantle asset-management unit
The streamlining comes as Credit Suisse is already cutting 3,500 jobs across the bank and in July announced plans to bolster its capital base by 15.3 billion Swiss francs.
09/25/2012
Walker Cripps launches discretionary portfolio service
AMPS is offered with a clean annual management fee with no hidden charges or commissions.
09/25/2012
Liontrust Asset Management positive inflows increase
The chief executive concluded by suggesting that Liontrust sees the changes as an opportunity as it continues to focus on its clients’ needs over the long term through its defined investment process.
09/25/2012
Natixis Asset Management creates new investment division
Seeyond's offering is marketed by Natixis Global Asset Management's global distribution platform and is intended for all types of investors, both professional and non-professional: institutional investors, companies, multi-managers, private bank
09/24/2012
Revealed: Britain's biggest taxpayers
Super-rich list of top earners who buck trend and choose to pay their share
09/24/2012
Wealthy Asians eye London's commercial real estate market
Asian investors have been increasing their investment in central London, especially in the commercial real-estate market, according to the firm.
09/24/2012
A real wealth of success as Close Brothers gets it right
It won’t be long before the market realises the worth of the latter business and Prebensen renames it Close Brothers Wealth Management.
09/24/2012
Coutts appointments General Manager for Asia
The General Manger will bring together all components of the business and enhance connectivity with our UK and Swiss hubs. Currently based in London as Chief of Staff for the Wealth Division,
09/23/2012
Connaught Asset Management in administration
The directors of Connaught Asset Management have placed the company into administration.
09/23/2012
Swiss private bank to cut up to 880 jobs at Bank of America Merrill Lynch
According to Der Sonntag, Baer faces substantial overlaps in Singapore, Hong Kong, the City of London and in Switzerland.
09/23/2012
Orcel's revolution only just starting at UBS
Many long-standing UBS bankers have so far welcomed the shake-up.
09/23/2012
Canaccord Financial acquires UK private client division
It is strategically and culturally complementary to Canaccord's existing business, and excluding restructuring and other charges, is projected to be accretive to earnings in the first year.
09/23/2012
Barclays wealth and investment management announces South West expansion
Barclays has today announced its growing strength in the South West with the planned expansion of its wealth and investment management service in the region.
09/23/2012
Net outflow at Aberdeen but quality improves
Assets under management rose by 1% in the two months to £184 billion but there was a net outflow of about £100 million. That figure hid an inflow of £6.1 billion into higher-margin business against a £6.2 billion departure from lo
09/23/2012
Skandia eyes stakes in advisers using Old Mutual war chest
Investment Week understands new CEO Paul Feeney has been given a mandate from the Old Mutual PLC board to invest in restricted firms.