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AXA Wealth teams up with Brooks Macdonald

AXA Wealth’s platform, Elevate, and discretionary manager Brooks Macdonald Asset Management can now offer advisers risk-profiled portfolios ahead of the Retail Distribution Review (RDR).

Lloyds TSB Int’l woos Britain’s wealthy nomads

A central finding of all this research suggests that the current strategy of Lloyds TSB International, to expand its range of products and services targeted at Brits abroad, is practically a no-brainer.

Barclays' investment bank helps profits to £2.45bn‎

Barclays reported a better-than expected 22pc rise in first quarter profits, with stronger performance in investment banking offsetting an increased provisions for insurance misselling.

BME incurs loss year-on-year

Quarterly results have been conditioned by a lower equity and derivatives volumes context, based on the general economic environment, regulatory limitations on trading, and an average general price correction. Nevertheless, the diversification of the busi

Old Mutual Asset Managers and Skandia Investment Group to merge

The unified business will give Old Mutual a significant asset management presence in the UK, from which it can drive future growth.

France’s Carmignac Gestion opens its London office

It hopes that its establishment in the UK will enhance relationships with wealth managers, family offices, private banks, IFAs and institutional clients.

Apcims: when firms can retain ‘independent’ label

It added that such a move would result in a ‘significant’ increase in the number of Apcims firms that can offer independent advice.

Williams de Broë eyes Midlands RDR opportunity

Quin said the business was always looking for new partnerships, although he stressed that the adviser quality had to be right, and the firm’s concentration of IFAs was comparatively small.

Sharp improvement for Credit Suisse ‎

Credit Suisse eked out a small first-quarter profit on Wednesday, confounding analyst forecasts for a big loss due to a 1.5 billion Swiss franc charge on its own debt, as it cut more costs than expected.

Barclays Wealth announces senior appointment

He joins from Citi Private Bank

BofA Merrill hires top executive from UBS

He was chairman of UBS investment bank, is expected to join BofA Merrill in coming months and will be based in London

Barclays Betting on Investment Bank Profit to Quell Pay Revolt

Barclays Chief Executive Officer Robert Diamond is betting that rising profitability at the investment bank he built will allow him to fend off a shareholders’ revolt over his compensation.

Net flows increase at Standard Life Wealth

Standard Life's retail platform assets rose 26% in the first quarter of the year compared with the same period in 2011, as the group added an extra 41 adviser firms on its wrap.

UBS CEO calls attacks on Swiss tax "economic war"

"Switzerland has been attacked since 2008. We are in the middle of an economic war," Ermotti told the SonntagsZeitung in an interview. "The goal is to weaken the financial centre of Switzerland."

Barclays hopes £2bn profit will quell Diamond pay row

It will also face anger over the bill associated with a flood of customer complaints over the mi-selling of payment protection insurance, which is understood to have run to more than £100m.

UBS Chairman Says Bank’s Reputation Will Play Role in CEO’s Pay

Villiger, whose tasks include developing recommendations for the CEO’s pay with the compensation committee, said the bank won’t assess Ermotti’s performance by profit alone, but will also include targets for boosting capital ratios and c

Swip slashes strategies and staff in drive for wealth

This forced the Lloyds Banking Group subsidiary to bring forward its carefully planned announcement by five days and it went into communications overdrive.

IMA: We need a fairer compensation scheme (not the reverse)

This is of crucial importance to the fund management industry because we recently found ourselves on the receiving end of a bill for more than £200m following the demise of a purveyor of investments into second-hand life insurance policies.

Has David Cameron's family got money tied up in offshore tax haven?

David Cameron's family could have money tied up in offshore tax havens after it was revealed his father made a fortune through a network of offshore investment funds.

UBS head calls tax disputes an ‘economic war’ for Switzerland

Switzerland has recently tried to shed its image as a tax haven, signing deals with the United States, Germany and Britain to provide greater assistance to foreign tax authorities seeking information on their citizens’ accounts in the Alpine nation.

Wealth and Asset Management