07/31/2018
SJP drops Aberdeen Standard from £286m fund
St James’s Place has also unveiled a new Diversified Assets fund, with global investment firm KKR appointed as manager.
Wealth and Asset Management
07/31/2018
GAM Holding H1 IFRS Net Profit Down 62 Pct
Group assets under management up 3% to CHF 163.8 billion from CHF 158.7 billion at 31 December 2017
07/31/2018
Standard Chartered profits jump despite rising digitising costs
Our improved performance was delivered against a backdrop of continued global economic growth, with strong trade flows and investments and US interest rates continuing to normalise.
07/30/2018
UK Credit Card Firm Closing Accounts For Expats
Any expat that fails the test will have their account closed.
07/30/2018
Schroders to sell Eastern European private banking ops to Swiss bank
The closing of the transaction is expected during the fourth quarter of 2018 and is subject to the relevant regulatory approval.
07/30/2018
Novia global business to overtake UK platform
Mr Field said the growth was driven by the fact many jurisdictions were echoing the reforms made in the UK as part of the Retail Distribution Review.
07/30/2018
Charting the rise of Eastern Europe’s ultra-high-net-worth individuals
The speed of this growth is accelerating, too.
07/30/2018
SocGen Sells private banking unit in Belgium
The transaction will have a limited positive impact on the Group’s Core Equity Tier One ratio.
07/27/2018
Banker to the Queen Hunts U.K. Startups for Risk-Hungry Clients
Coutts, RBS’s 326-year-old private bank, uses investment club
07/27/2018
Asset managers fail to look beyond London
Asset management groups have come under fire for being too London-centric when organising events and failing to think of advisers and wealth managers in other regions of the UK.
07/27/2018
Asset managers wobble as trade tensions hit client sentiment
BlackRock sees outflows from active, passive equity
07/27/2018
Private banker salary: What the top dogs are earning
An associate private banking director in Singapore can expect to earn a maximum of approximately S$200,000.
07/27/2018
Swiss bank Vontobel raises mid-term goals as assets under management rise to record
The 94-year-old bank is increasing its 2020 profitability target
07/27/2018
Schroders' Brookes: Brexit Stops Me Buying UK Stocks
UK equities are attractive, but Brexit uncertainty is stopping Schroders' head of multi-manager Marcus Brookes from backing them for now
07/27/2018
UBS Is Cutting Dozens of Staff in Wealth-Management Revamp
The bank announced higher second-quarter profit for global wealth management this week, which helped offset the surprise withdrawal of assets by clients.
07/27/2018
Rothschild to close Singapore WM office
Clients will be able to choose to have their assets transferred to either the company’s Hong Kong or Zurich branch.
07/26/2018
Schroders asset growth slows on volatility, retail hits
Lack of new business
07/26/2018
Ryley Wealth Management reports continuing strong growth
Turnover for the year to December 2017 increased by 45% to £2.9M and over the same period increased the clients’ funds under management by £55M.
07/26/2018
Brooks Macdonald sees discretionary FUM reach record £12.4bn
Our organic growth has been largely driven by the depth of the relationships we have built with our clients and the adviser
07/26/2018
Top Tips on how to pass wealth on to your loved ones
Before you have a family discussion about inheritance, you need to have a good idea of your financial position and your intentions