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

An increasing number of Swiss companies are hedging against currency risks

Around half of the companies anticipate lower real GDP growth in 2023.

Julius Baer strengthens its position in Switzerland with new teams for Aargau and Solothurn as well as for foundations

Bank Julius Baer continues to expand in its home market Switzerland and has established a new submarket for Aargau and Solothurn to be headed up by Claude Luethi, who joined the Bank at the beginning of 2023.

Quilter predicts 'modestly lower' net flows for end of 2022

At the end of September, net inflows had fallen £300mn compared to the end of June shaving 2 per cent off the firm's assets under management and advice, which fell from £98.7bn to £96.9bn.

BofA downgrades Schroders as ‘most sensitive’ to recession

Bank of America has downgraded Schroders and Ninety One in an intensification of its bearish outlook on the UK asset management industry.

Capital Group partners with UBS

The MSI combines four fixed income sectors -- investment-grade corporate bonds, high-yield corporate bonds, emerging-market debt and securitized credit -- in a single portfolio, according to the disclosure.

Two UBS Jersey leaders nominated for Woman of the Year category in global Powerwomen Awards 2023

The awards champion women in the wealth management sector and both Fiona and Helen, have been nominated for the ‘Woman of the Year – Jersey’ category.

Strategic financial planning for 2023

Many people only consider segments of their finances at a time.

Customer service meltdown at the royal bank Coutts

A digital switchover has left the prestigious firm in disarray, its £1,200-a-year clients say

Hargreaves Lansdown’s billionaire founder calls for ‘huge’ cost cuts

Investment group’s largest shareholder urges the board to focus on selling investments rather than offering robo-advice

Apex Group closes acquisition of the Maitland business

Recent acquisitions of Maitland and Sanne establish Apex Group’s footprint in South Africa

Impax Asset Management hails 6% asset uplift in first quarter

Assets under management were GBP37.94 billion on December 31, up 6.4% from GBP35.68 billion three months before.

TISE enters anniversary year with record number of listings

This contributed to TISE entering its anniversary year with a total of 4,020 securities admitted to its Official List, which is a rise of 10% year on year and the highest total since the Exchange opened for business in October 1998.

Kingswood completes £6.2m deal to buy Planner firm

The deal was announced in mid-December and has just received regulatory approval.

Asset manager opens Swiss office for ex-Robeco team

The office in Zurich hosts six staff, including a five-person sustainable thematic equity team, all of whom had already joined from Robeco, and a data manager.

Invesco shuts EM bond fund as assets dwindle

The firm said the Global Emerging Markets Bond fund was ‘no longer economically viable’ and will be closed at the end January.

Janus Henderson revamps management teams amid cost-savings plan

Programme designed to save millions in ‘cost efficiencies’ results in the departure of several portfolio managers.

Wealth Management – 2023 Outlook

As some 12% of Advisers look to exit or sell their businesses, acquisitions will continue to play a key part in the succession planning for many advice firms.

BlackRock Halts Withdrawals From £3.5 Billion UK Property Fund

The world’s largest asset manager told clients in the BlackRock UK Property Fund in the past few days that it will defer redemption requests made at the end of September 2022.

Revenue boost for ‘resilient’ Mattioli Woods

Assets under management fell by 4% to £4.9bn over the period, but the company’s outlook for the current financial year remains in line with expectations.

2022-Well i’m Glad that’s Over!

The market view on the global economy has improved in the fourth quarter, even though it may be fragile.

Wealth and Asset Management