10/29/2018
Stockbroker reveals plans to hand staff £2m in shares when it goes public
He is expected to make millions of pounds, with AJ Bell targeting a valuation of around £500m.
Wealth and Asset Management
10/29/2018
HSBC wealth management profits rise amid robo-advice push
HSBC has been mulling a robo-advice style service since as far back as 2016.
10/29/2018
Germany's Oldest Bank Taps Deal Makers for Wealth Management
Investment bankers to help grow net new money: Wehmhoener
10/29/2018
Leicester City owner confirmed dead in helicopter crash
Other victims are named as two members of Vichai’s staff, Nursara Suknamai and Kaveporn Punpare, pilot Eric Swaffer, and passenger Izabela Roza Lechowicz, according to Leicestershire police.
10/26/2018
Unmasked! The dozen wealth managers quitting Quilter Cheviot
They all served as investment directors in the combined firm’s London office.
10/26/2018
Brooks Macdonald maintains 'positive momentum' in its UK business
The firm says it has increased its discretionary Funds Under Management for the first quarter to £12.8bn
10/26/2018
Acquisition boosts Liechtenstein PB’s Lux expansion
The corresponding purchase price is about CHF 12 million.
10/26/2018
Coutts & Adams & Co cut payroll 10% on compliance costs
Quarterly income within the private banking division stood at £195 million, 11.4% up on the same period of 2017 on asset appreciation, higher lending volumes and increased deposit income.
10/26/2018
Wealth management deals: good for investors?
Interactive Investor leads the way, acquiring Alliance Trust Savings
10/25/2018
UK wealth buy first step in Asian giant’s $10bn plans
The acquisition marked Rayliant’s first venture into wealth management after years of institutional focus.
10/25/2018
Rothschild to sell trust services business
Services run by Rothschild’s trust business include creating and administering structures that hold all of a wealthy client’s assets, from companies and intellectual property to art collections and aircraft.
10/25/2018
Quilter platform sales down as DB transfer activity slows
Flows into Quilter Investors rose 10% to £4.3 billion.
10/25/2018
UBS Profits Up, Cautious on Wealth
UBS delivered strong third-quarter results with reported profit before tax (PBT) up 37% year over year (YoY) to CHF 1,668m and adjusted PBT up 15% to CHF 1,733m.
10/24/2018
Every Family office is Different
No two family offices are the same.
10/24/2018
Deutsche Bank net profit falls 65 per cent in third quarter amid 'cost-cutting progress'
Bank expects to be profitable for the full year for the first time since 2014
10/24/2018
L&C launches dedicated wealth management service for Americans in France
“Americans living and working in France, particularly High Net Worth Individuals, are facing an increasingly complex tangle of regulatory and reporting requirements.”
10/24/2018
Quilter reports lower year-on-year third quarter cash flow
Quilter Life Assurance, which saw outflows of £1.5bn, was the main detractor, with all other divisions recording positive flows.
10/23/2018
Tigers and Mattioli Woods city centre neighbours
The city mayor’s tribute came as Mattioli Woods threw open its doors to media representatives for the first time following completion of its switch from Grove Park, Enderby.
10/23/2018
Schroders and Lloyds unveil wealth management JV
Lloyds and Schroders see significant growth opportunities in the financial planning and retirement market and the JV will aim to become a top three UK financial planning business within five years.
10/23/2018
GAM bleeds 20% of assets despite measures to stem outflows
All teams at GAM remain focused on working with its clients. During October 2018, so far, GAM has seen an improving flow trend with net outflows diminishing.