08/01/2017
Tavistock Investments at an inflection point as it generates operating profits and cash
Strong organic growth complemented Tavistock’s buy and build strategy which saw it acquire Abacus Associates and PB Financial Planning.
Wealth and Asset Management
08/01/2017
Acquisitive wealth manager takes over two West Midlands firms
The other vendors will retire and their clients will be serviced by existing AFH advisers.
08/01/2017
Ex-Towry five launch wealth boutique
The idea is to have a strong alignment of interest with our clients.
08/01/2017
This Credit Suisse MD has just launched his own advisory boutique
Wahid spent his entire finance career at Credit Suisse, having joined in 1999 after graduating from Oxford University with BA in Philosophy, Economics, and Politics.
07/31/2017
Lloyds Bank wealthy customers to be stripped of government-backed protection over cash savings
We plan to bring the products and services offered under these two licences together to simplify our business so we can improve our services to clients.
07/31/2017
Swiss banks defy Brexit to recruit in London
UBS has already increased by 10% its staff in this sector in London.
07/31/2017
Schroders completes acquisition of Adveq
Headquartered in Switzerland, Schroder Adveq employs over 100 people around the world.
07/28/2017
Notenstein's Russian Vontobel Deal
We're in talks with Vontobel about the sale of the Eastern Europe portfolio.
07/28/2017
Rothschild Poaches for Swiss M&A
Rothschild tops a league table compiled by Dealogic on number of deals advised in Europe in the first two quarters, and is in the top-five of volume of deals.
07/28/2017
Citigroup to move part of private banking to Madrid due to Brexit
Madrid has been seeking to lure global banks after Brexit.
07/28/2017
Credit Suisse reports 78% profit surge as assets under management hit record
Net profit: $312.6 million vs. expected $311.3 million, according to Thomson Reuters.
07/28/2017
UBS second quarter profits boosted by wealth management business
There is a divergence between the activity levels of wealth management clients versus what we see on the institutional side and it is well explained by the low volatility levels.
07/28/2017
Coutts supporting US expatriates to break through investment barriers
The Coutts US Investment Management Service provides two portfolios – balanced and growth
07/28/2017
Amundi suffers net outflows of €3.7bn in second quarter
Operating expenses were under control at €454m leading to a 2-point improvement in the cost/income ratio, which stood at 49,9%.
07/27/2017
Merito chief launches new financial advisory firm
Eastcote Wealth Management will have around 30 staff and £500 million of funds under managament
07/27/2017
Charles Stanley discretionary assets rise as clients transfer from advisory
Charles Stanley’s total funds under management and administration at the end of June were £24.1 billion
07/27/2017
Belfast wealth firm makes finals of top industry awards
An advisory board of figures from the investment and SME community will judge entries ahead of the final.
07/27/2017
Schroders sees wealth profits jump after C Hoare buy
Profit before tax and exceptional items up 23% to £361.5 million (H1 2016: £293.7 million)
07/27/2017
St James’s Place raises dividend by a quarter
The number of advisers, who form part of the group’s Partnership network, also grew, rising by almost 4 per cent since the start of the year to just over 3,500.
07/27/2017
Brooks Macdonald FUM rises 26% to break £10bn mark
"Strong organic growth takes FUM through £10bn; further investment in underlying business."