11/21/2018
Guernsey is on the map for family office moves
The focus is to move away from areas seen as tax havens to areas with a more robust framework, and a real focus and defensibility around using the locations.
Wealth and Asset Management
11/20/2018
Julius Baer grows 10M AuM by 2 pct
Assets under management at CHF 395 billion – Net new money growth close to 5% – Drop in client activity in Q3 affecting gross margin and cost/income ratio – Enhancing focus on core markets and reducing complexity
11/20/2018
Thesis Asset Management launches IFA consultancy service
Thesis Research and Consultancy Service (TRACS)
11/20/2018
Intrinsic loses large IFA firm
The firm runs a national partnership of 38 advice firms, which it hopes to grow to 45 by the end of the year.
11/20/2018
GAM offers special retention bonuses to managers
Earlier this month the group’s CEO Alexander Friedman stepped down and David Jacob was appointed as interim CEO.
11/20/2018
GAM Cuts Jobs in Slim-Down
The number of jobs wasn't disclosed, and appears to be as yet unclear due in part to U.K. labor law.
11/19/2018
Wealth manager Murphy creates business advisory unit
Mr Murphy’s brother in law Damian Pike, who was previously in charge of business development at logistics specialist DHL, has been brought in to run the advisory arm
11/19/2018
Wealth management firm Acumen acquires West Lancs rival
Acumen has completed the takeover of Wyre Investment and Financial Management, taking on two staff, 400 active clients and funds under management of around £40m
11/19/2018
Murphy Wealth named Top 100 Adviser in the UK
We have championed small businesses.
11/19/2018
AJ Bell sets minimum offer price for IPO
Major investors Invesco Perpetual and Seneca Investment Managers will take on a 180-day lock-in, as will former AJ Bell employees who still have shares in the company and wish to sell them.
11/19/2018
Lancashire firm joins Beaufort Financial
Beaufort has 18 member firms in the partnership, having added five this year, both existing and newly established, while also expanding into Wales last summer.
11/16/2018
Credit Suisse Weighs Hundreds of Job Cuts to Reduce Costs
The bank also said that it will continue to invest in talent and seek to grow revenue in wealth management and investment banking.
11/16/2018
SJP's sales process under fire
SJP argued the main features and benefits of EIS were outlined in the fund fact sheets but Mrs H said she hadn't been given any sheets at the time of the meeting.
11/16/2018
Multi-family office partners with Edmond de Rothschild
EOS comprises the Edmond de Rothschild portfolio management and distribution management system, based on leading market solutions, Simcorp Dimension and Microsoft Dynamics.
11/15/2018
HSBC introduces two sustainable multi-asset funds
To be made available from this month, the two portfolios will seek higher average ESG score as well as lower portfolio carbon intensity than the market.
11/15/2018
Mariner Wealth Advisors to acquire Patriot Wealth Management
As per the agreement, Patriot will become a unit of Mariner Wealth Advisors from 1 January 2019.
11/15/2018
Jersey firm launches London private office
By harnessing the expertise of our global team, working with trusted partners and bringing some cutting-edge innovations to the family office space, JTC Private Office can help cement our position as a market leader.'
11/15/2018
Santander Private Banking, named ’Best Private Bank’ in Spain by The Banker magazine
The award recognizes the advantages of a specialized advisory model offered to private banking clients in more than nine countries.
11/15/2018
Client assets fall at EFG
As of 31 October 2018, Assets under Management were CHF 140.1 billion
11/15/2018
Close Brothers makes "solid" start to financial year
Overall, our banking businesses remain well positioned, and we continue to invest in maximising their long-term potential while maintaining our prudent approach to lending.