08/13/2012
Van Lanschot: investment and cost reduction programme on track
Assets under management up 2%
Wealth and Asset Management
08/13/2012
GAM First-Half Profit Rebounds After Lower Charge on Artio Stake
Net new money inflows at Group level were CHF 0.9 billionfor the first six months of 2012, up from the CHF 0.6 billion reported in the first half of 2011 and a significant improvement on the net outflows
08/12/2012
End of line for 'free' financial advice
Analysis by the FSA before it launched its review suggested consumers were losing £43m a year because of advisers, driven by commission, encouraging them to switch pensions.
08/12/2012
Tax cuts 'fail to stop more than half of Britain's super-rich losing confidence in Osborne'
A ‘Millionaire Monitor’ survey of the country’s super-rich revealed that more than half of them now have ‘no confidence’ in the Government’s ability to lead the country out of recession.
08/12/2012
Swiss see no sign of mass German money exodus ahead of tax deal
After the two countries struck the tax deal in April, some Swiss bankers advised clients to transfer funds to Singapore or elsewhere before it was enforced, according to a German media report.
08/12/2012
Bank of England governor calls on finance sector to learn lessons from Team GB
His comments come in the wake of the Libor scandal that has seen Barclays slapped with a £290m fine for manipulating the key benchmark borrowing rate.
08/12/2012
Private banks try to become more exclusive
Earlier this year HSBC shut down its in-branch financial planning arm, resulting in the loss of 550 adviser jobs. The bank still offers investment advisory services for “Premier” customers with about £150,000 in investable assets.
08/12/2012
Julius Baer confirms purchase of Merrill Lynch private bank outside US
Approximately two thirds of IWM AuM are from clients domiciled in growth markets in Asia (more than half), Latin America and the Middle East.
08/12/2012
BNP Paribas wins global private bank custody contract
Following an extensive tender and due diligence process to rationalise the business and optimise costs, the Bank’s management chose to consolidate its assets under custody with BNP Paribas based on the custodian’s global reach, technology offe
08/12/2012
OCM Wealth Management expands with Hertfordshire firm merger
Stather-Lodge said he planned to attract more advisers to work under the OCM brand and use its centralised investment proposition.
08/09/2012
Germany's Wealth Grab
The impulse to soak the rich isn't exclusively French.
08/09/2012
Canaccord Open to Making Smaller U.K. Wealth Acquisitions
Paul Reynolds, president and chief executive of Canaccord, said the independent brokerage firm would "take a look" at small acquisitions in the U.K. that would prove "fairly attractive or highly accretive" to the company.
08/09/2012
SocGen to offload TCW
The transaction, which will see Amundi sell its holding in the company, is subject to receipt of all required regulatory approvals. The financial terms of the agreement were not disclosed.
08/09/2012
French bank woos women with handbag insurance, handyman hotline
What does every woman want? One French bank thinks it knows the answer: Handbag insurance and a handyman hotline.
08/09/2012
The Wealth Manager for Rich Geeks
Financial advice is a tricky sell in the Valley. The place is full of Ph.D.s with problem-solving skills, an unusually strong aversion to fees, and no clue what to do with their money.
08/09/2012
Cazenove set for Asia push with Hong Kong office plans
He said Cazenove had found its investment approach had gained traction in the market.
08/08/2012
Skandia International offshore bond sales fall by a quarter in H1
Skandia International’s offshore bond sales fell 26% in the first half of this year compared with the same period in 2011.
08/08/2012
France's richest citizens to flee President François Hollande's proposed 75 per cent tax on one million euros
The 75 per cent tax plan for the rich to "pay extra tax to get the country back on its feet again" will come before the Parliament next month.
08/08/2012
Credit Agricole’s Emporiki Gets Bids From Greece’s Biggest Banks
National Bank of Greece SA and Eurobank Ergasias SA submitted offers for Emporiki, they said in statements Wednesday.
08/08/2012
Two thirds of fs practitioners retain little or no trust in the UK banking industry - CISI survey
That compared with only 2% who consider the under-fire sector to be totally trustworthy.