06/27/2022
Credit Suisse Asset Management reaches agreement with Bluestone Resources
The agreement is subject to fulfilment of certain conditions precedent and requisite regulatory approvals.
Wealth and Asset Management
06/27/2022
Quilter Investors ups income forecast for Monthly Income range once again as 21/22 payout beats estimates
This forecast follows a successful previous year for the range where income delivered came in ahead of estimates.
06/24/2022
Deutsche Bank’s Leadership Takes Financial Hit on Staff Use of WhatsApp
German lender has come under criticism from regulators
06/23/2022
UBP Sells its American Client Business
The two sides have agreed not to disclose the price of the deal for client assets totaling 1 billion Swiss francs ($1.04 billion) to be transferred.
06/23/2022
Alternatives are back with diversification opportunities
In the meantime, equity and bond markets are adapting to the tougher conditions, including a rise in interest rates that has spelt the end of free money.
06/23/2022
IQ-EQ Compass wins Gold in Citywealth Brand Awards 2022
The award ceremony took place in London on 21 June 2022, where representatives of IQ-EQ were in attendance.
06/23/2022
Alpha Financial Markets posts its "best year in history" as profit up
The number of Alpha Financial's clients increased to 718 from 439 the year before, fostering revenue growth alongside the integration of Lionpoint.
06/23/2022
BlackRock veteran partners with P1 to launch impact wealth firm
Nick Stoop’s new firm, Pangea Impact Investments, will build impact-focused model portfolios.
06/23/2022
JTC Wins at Citywealth Brand Management and Reputation Awards
The winners were announced at an event in London earlier this week
06/22/2022
Liontrust picture gets cloudier after £2.5bn annual inflow
Liontrust’s flows turned negative in the final three months of the financial year in the challenging market conditions.
06/22/2022
Russian Gold Finds its Way Into Switzerland
The removal from the so-called good delivery list means Russian gold and silver producers can no longer trade their newly minted bars in London.
06/22/2022
Citi Partners with METACO to Develop Institutional Digital Asset Custody Capabilities
This strategic partnership enables Citi to extend its existing capabilities to digital assets while leveraging its current technological, operating and servicing model.
06/22/2022
Schroders UK Financial Adviser Pulse Survey 2022: Client sentiment swings to bearish as macroeconomic and geopolitical concerns dominate
The Schroders Pulse Survey, which sampled 225 UK financial advisers, also found that 69% of advisers expect that some of their clients will have to adjust their investment plans due to the cost of living crisis.
06/22/2022
France's BNP Paribas transfers wealth management ops in Brazil to Bradesco
The migration to Bradesco's private bank will happen over the next month.
06/22/2022
Wealth managers 'leaving money on the table' with UHNW focus
The lower HNW and affluent segments have been undervalued [by asset managers] and underinvested in, which has limited value creation at the industry level.
06/22/2022
R&M launches two ESG funds with £120m Quilter backing
Quilter Investors is putting £120m of seed capital behind James Sym’s new fund.
06/21/2022
Competition ‘heating up’ in UK wealth market
As firms continue to open hubs and regional offices across Britain
06/21/2022
LGT Wealth Management launches Scotland office
Firm appoints former Barclays Wealth investment director to lead Scottish growth
06/21/2022
AssetCo agrees to acquire SVM Asset Management for £10.7mn
SVM generated turnover of £4.3 million and a profit before taxation of £2.0 million for the financial year ended 31 December 2021 a
06/21/2022
Ten investment convictions for H2 2022
In response central banks have begun the sharpest interest rate hiking cycle in nearly three decades, increasing the risk that it will choke global growth faster than it can lower inflation.