07/26/2022
Sanlam Wealth mulls migration of £7bn AUM to customised platform
Currently, the Sanlam Portal and Platform sit with Chesnara, along with £7bn of assets.
Wealth and Asset Management
07/26/2022
UBS Part of Banking Group Suffering Buyout Lending Loss
Bridge loans play an important role in the completion of individual transactions in takeovers and mergers, and are an integral part of investment banking typically generating a high percentage of the fees and commissions earned in those business units.
07/26/2022
UBS's second-quarter 2022 results
2Q22 net profit of USD 2.1bn, 18.9% return on CET1 capital
07/26/2022
SJP focuses on academy talent as it looks to plug advice gap
Payne pointed out that a goal of the academy is to help plug the advice gap, and that in the past few years advances in technology
07/25/2022
Zurich forays into Italian advice market
Following acquisition of Deutsche Bank’s advisory network in the country
07/25/2022
UK firm gets £3m from Santander to fund wealth acquisition spree
It aims to buy businesses across the north of England and London
07/25/2022
Presentation of the 2022 half-year results for the Julius Baer Group
In the first half of 2022, assets under management declined by CHF 54 billion (11%) to CHF 428 billion.
07/25/2022
Credit Suisse wants to put the brakes on costs
The cost structure is too large for the bank's revenue potential," the source said.
07/25/2022
Bank consortium around UBS suffers loss with bridge loan
But with the market turbulence of recent months, the liabilities assumed in such deals have often proved to be a boomerang for banks.
07/25/2022
Hawksmoor parent company buys wealth and asset management group
Deal takes AuA/M to nearly £8bn
07/25/2022
BNP Paribas guns for growth in wealth management and sustainable investments
The bank’s 2025 strategic plan aims to direct investments towards supporting a more sustainable economy
07/22/2022
PIMFA announces shortlist for second Diversity & Inclusion Awards
Launched last year and opening to entries in April, PIMFA’s industry awards demonstrate our continuing commitment to promote diversity and inclusion best practice within the financial services industry.
07/22/2022
Altus: Modern Darwinism in wealth management
No one said change was easy. But to survive, and to prosper, it is necessary.
07/22/2022
Julius Baer to cease charging clients negative interest rates
In a persistent negative interest rate environment, Julius Baer has been applying negative interest rates to client cash holdings in these currencies.
07/22/2022
Second half funds: Nine wealth managers' top plays
Nine readers tell us which funds are high up on their second half hit lists.
07/22/2022
Accountancy group to target small wealth management firms after securing funding
The wealth management market is particularly ripe for dealmaking, with the level of fragmentation and huge number of small independent firms leading to predictions that the sector could be set for at least ten years of consolidation.
07/22/2022
Close Brothers records "solid" performance as loan book grows 5%
The merchant bank said its Banking division performed "strongly" in the 11 months of the financial year that ends July 31
07/21/2022
Wealth advice and income protection
Getting clients to see the need is always the challenge, but where there is a need, any great adviser will put an IP policy in place
07/21/2022
EFG Record underlying net profit of CHF 115 million
A high level of uncertainty persists.
07/21/2022
Sedulo planning for expansion in wealth management following £2.85m funding deal
Originally founded in Manchester in 2009 as an accountancy firm, Sedulo aspires to be a one-stop-shop in the provision of professional services to SME clients.