05/22/2012
The combined wealth of the richest 1,000 people in the UK rose 4.7 per cent last year, surpassing a previous high set before the 2008 financial crisis. The result is a new global elite, living lives of luxury and privilege the rest of us can hardly fathom
05/22/2012
Women working in the City earn 21pc less than their male counterparts, new figures on the gender pay gap show.
05/22/2012
Louis Vuitton, the French maker of laminated canvas handbags, was named the world’s most valuable luxury brand for a seventh consecutive year.
05/22/2012
Stuart Gulliver, HSBC’s chief executive, has said the bank had decided to drop “indefinitely” plans to look at moving its headquarters from London to Hong Kong.
05/22/2012
Chief Executive Officer John Stumpf, 58, is plowing resources into businesses such as asset management as new global bank regulations and record-low interes
05/21/2012
Seven Investment Management is enabling advisers to take deposits and offer clients loans through its platform.
05/21/2012
Credit Suisse weighs up JOHIM sale
Credit Suisse, the Swiss banking group, is considering the sale of JO Hambro Investment Management, its UK private client wealth management business.
05/18/2012
Self-evidently, the big attraction for banks is that rich people have more money to invest and spend on advice than poorer ones.
05/18/2012
Bellpenny will use a business model based on acquiring existing IFA firms and asset aggregation and will offer restricted advice.
05/18/2012
Rupert family-controlled Richemont, which owns luxury brands such as Cartier and Piaget, said on 16 May that operating profits for the year ending 31 March increased by 51% to €2.04 billion.
05/18/2012
The changes follow the bank’s decision to differentiate its wealth management and private banking teams ahead of the RDR.
05/18/2012
Executives from the bailed-out Lloyds Banking Group were sent on a luxury spa break to teach them how to be more effective “hunter-gatherers in the corporate jungle".
05/17/2012
Are wealth firms sacrificing client relationships?
Research from consultancy MDRC certainly suggests this, with satisfaction among advisory clients outpacing that of discretionary clients in 2011.
05/17/2012
In an interview with the Financial Times, EU commissioner Michael Barnier said investors should have the voting powers to curb ‘morally indefensible’ executive pay growth.
05/17/2012
Anna Sofat, founder of wealth manager Addidi, said she has used structured products backed by banks that she feels secure with, and does not exclude these higher-quality products in favour of collateralised types.
05/17/2012
The deal would be the biggest in the wealth management industry since ING Group sold its private banking assets in Europe and Asia in 2010
05/17/2012
Profits dip in wealth and investment division as restructuring and unit sales costs take toll.
05/17/2012
Curmi & Partners will this evening be hosting an event with Morgan Stanley to explore wealth management opportunities in Malta.
05/17/2012
As part of Private Client Practitioner’s Top 25 series, the Top 25 Law Firms aims to identify, recognise, introduce and promote the Top 25 Private Client Law Firms, in the UK and UK offshore
05/16/2012
Bankers often receive a bonus of several times their basic annual salary but the European Parliament's economic affairs committee agreed on Monday that bonuses should not be higher than a banker's fixed pay.