06/19/2012
The taxpayer-backed private bank that counts the Queen among its clients, has begun offering customers compensation likely to run to millions of pounds for bonds missold to them at the height of the financial crisis, I have learned.
06/19/2012
But wealth managers argue that only “risk assets”, such as equities, have the potential to preserve the value of their clients’ portfolios in real terms.
06/19/2012
Strategic planning is back. With so much uncertainty, bank CEOs need to rethink where their institution adds value to customers, who those customers are today and who they might be in the future.
06/19/2012
Switzerland’s central bank suggested Credit Suisse should raise fresh equity from shareholders, scrap its dividend or shrink its risk appetite further.
06/19/2012
The FT reports responses to its annual wealth management survey show 19 firms have not made a decision about their service offering as of next year, including Towry, Barclays, Coutts and Co, Charles Stanley and Killik and Co.
06/19/2012
The firm, which was launched by HNW insurer Aqua and former Hiscox head of motor, Ashley Cole, was set up in March this year.
06/19/2012
Those committed to independence include Equilibrium Asset Management and Investment Quorum
06/18/2012
Wealth-X has released a report on the ultra high net worth (UHNW) population in the United Kingdom.
06/18/2012
Profit before tax up 54%
06/18/2012
The service, which 7IM plans to launch in the next 18 months, would allow investors to view their portfolios and make transactions.
06/18/2012
At the same time, firms will have to change the way they describe their advice – choosing to declare their range of services as either “restricted” or “independent”.
06/18/2012
Wealth managers defy gloom to splash out on headcount
Wealth managers are on a hiring spree as they seek to take advantage of a steady rise in the number of millionaires across the world despite the economic environment.
06/15/2012
In contrast, the exclusive nightclub in Porto Cervo flourished under Silvio Berlusconi, who has a large villa just along the coast and is a friend of Mr Briatore.
06/15/2012
The fund is not available direct to the retail market but can be accessed through 7IM model portfolios.
06/15/2012
Despite continued setbacks in the global wealth market, affluent individuals will rise by 20 million per year, and India will continue to climb within the top 10 wealth markets list, research by Datamonitor has suggested.
06/14/2012
The reasons for this are thought to be historical. With the exception of Morocco's Credit Agricole, ''banks have not developed specific knowledge in financing of this sector, which needs the implementation of custom-made products,'&
06/14/2012
Charles Stanley, the stockbroking and investment management group, reported pre-tax profits fell 37% to £8.5m for the year ended 31 March 2012.
06/13/2012
UK Private Bank taps new non-executive director
During this period, he also held several concurrent roles, which involved overseeing Fidelity’s businesses in Spain, the Nordic Region, the Middle East and Africa, and India. He also spent seven years of his career at Fidelity based in Hong Kong.
06/13/2012
UAE-based Wealth Management company opens Switzerland office
Having been in the financial services industry for over 7 years and previously in charge of Geneva for Guardian Wealth Management, Aaron Pacitti is well placed to take on the role of Senior Vice President at Globaleye SARL.
06/13/2012
French farce as British expats face a shock £8,000 fine
The French Government is using a stealth ploy to squeeze extra cash from foreigners to help pay off its whopping €1.7 trillion national debt.