- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

GKB with higher earning power and a positive outlook

The outlook for the year as a whole is therefore more positive than expected.

SJP caps fees for long-term clients in response to consumer duty

This includes a decision to reward clients with long-term investments through an annual product management cap on bond and pension investments after they have been invested for 10 years.

Zurich-based ESG boutique cooperates with German distributor

Collaboration will start in the second half of 2023.

Standard Chartered partners with L1 Advisors for new era of digital asset management

The collaboration ushers in a new era of digital asset management, providing financial advisors with a hybrid approach to digital asset custody, management, and advisory for the first time.

Schroders plc - Half-year results to 30 June 2023 (unaudited)

Mutual Funds and Institutional felt the impact of the “risk-off” market sentiment and saw net outflows of £0.8 billion and £5.3 billion, respectively.

Coutts CEO Peter Flavel to step down over Farage account row

The ousting of Flavel is one of the first actions taken by NatWest's new interim CEO Paul Thwaite

Goldman to expand wealth arm in Emea, despite cuts elsewhere

Co-heads of wealth management Emea – Stefan Bollinger and Christopher French – explain the rationale behind hiring advisers despite job cuts in other parts of the business.

EFG International: Record profit of CHF 147.6 million (+47%)

Net new assets totalled CHF 3.0 billion, corresponding to an annualised growth rate of 4.2%, within EFG’s target range of 4-6%.

GAM Responds to Newgame Claims

As a public company GAM has an obligation to ensure that information it discloses is accurate and transparent

Nugenis Awards Bordier UK £200M Mandate

We enjoy a great working chemistry with the Nugenis team and look forward to building the relationship.

Rathbones takes £6m fee freeze hit waiting on Saunderson House deal

‘We have chosen not to charge investment advisory fees to clients’

EQ Investors launches sustainability questionnaire toolkit

Advice firms can now use the questionnaire as a go-to reference for supporting their conversations with clients.

Nucleus launches improved cash panel on James Hay platform to help advisers make their customers’ cash work harder

There are currently 26 different account options up from the three that were previously available, providing greater flexibility and enabling more customers to take advantage of the higher interest rates on offer.

Julius Baer to end business with Russia-based clients

The wealth manager said it will drop all Russia-domiciled clients by the end of the year as a result of the widening spate of sanctions.

Vontobel will work with Microsoft to employ AI

The global investment company Vontobel is scaling up its collaboration with Microsoft in order to employ Azure Open AI Service.

Julius Baer Breaks New Ground in Client Expansion

This doesn't prevent him from attracting more outside talent because the bank offers attractive conditions.

Alternative expertise helps LGT make headway in ultra-high net worth space

The strategy, which aims at achieving “equity-like returns with fixed income volatility”, was made available to ultra-rich clients just seven years ago, after the UHNW share class was tested for two years.

Evelyn Partners Group Limited Interim results for the six months ended 30 June 2023 (unaudited)

During the period, the business delivered record growth in both gross and net new assets, increased operating income including excellent momentum in Professional Services fee growth

Migros Bank achieved a strong first half of 2023

With success: Migros Bank received several awards in 2023 for the digitization of its customer offering.

Unicorn Asset Management chair Colin Howell dies

A statement from the firm reports that the industry veteran passed away unexpectedly.

Wealth and Asset Management