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

Bordier & Cie (UK) extends SEI contract for five years

A crucial ingredient for firms wanting to meet this objective is the means to build scalability into their business models.

Old Mutual Wealth 'could be FTSE 100 firm’

Old Mutual has not decided how the business will be separated, although the wealth business has already attracted the attention of the private equity firms Cinven and Warburg Pincus.

Waverton acquires funds specialists

The purchase was made for an undisclosed sum and remains subject to regulatory approval.

NH-CA Asset Management to enhance overseas fund sales

To manage bigger assets, Han almost doubled the number of employees to 47 from 25 in just one year and created seven more teams including alternative investment division and research.

Wealth Firm IPO Raises £13.5m For Buy Spree

Has raised £13.5 million on the AIM market fund acquisitions.

Investec consolidates high net worth mortgage range

New three-year fixed rates start from 2.59% to 60% LTV, 2.89% to 75% LTV, 3.29% to 85% LTV.

Nothing ventured, nothing gained by Penny Lovell

As anyone who has invested money knows, Ariadne’s feeling that she was foolish to risk it all is a common one.

The asset management brontosaurus wakes up

The industry still has much work to do to fulfil its potential, says Sophia Grene

The Price is Right: Wealth M&A Surges

But while these three examples highlight that M&A is still a viable strategy for larger wealth firms, our Deal Tracker assessment indicates that consolidation has gained most momentum among smaller institutions.

Schroders dumps PwC as its auditor after 57 years

Investors have intensified their focus on auditor independence in the aftermath of the financial crisis. Questions were raised about why the big four accounting firms

Ex-HSBC chief joins Brexit grouping

Michael Geoghegan’s stance is at odds with what the bank has been pushing for

Old Mutual share price: Worldpay backers mull bid for group’s wealth business

The Sunday Times reported yesterday that some of America’s biggest buyout funds were preparing bids for Old Mutual’s £4.5 billion wealth management arm.

A Credit Suisse wealth manager is accused of making rogue trades for 6 years just to keep his clients off his back

That wealth manager, who can't be named under Swiss law, now faces up to 10 years in jail for fraud

Novia partners with DFMs on new investment portal

Strategic partnerships have been signed with Marlborough, Smith & Williamson, Copia Capital Management, MitonOptimal and Tavistock Investments

UBS and Credit Suisse launch fintech accelerator

The two largest Swiss banks UBS and Credit Suisse, are partnering with Swisscom, Swiss Life and Ernst & Young to launch a fintech accelerator with an international target audience.

Barnett eyes Old Mutual Wealth spinout

A public offering is likely should the business, which includes fund arm Old Mutual Global Investors, discretionary manager Quilter Cheviot and adviser network Intrinsic, not attract an individual buyer.

Julius Baer splits negative rates between bank, clients and advisers - NZZ

Swiss private bank Julius Baer has taken a "commercial approach" to negative interest rates, Chief Executive Boris Collardi told a Swiss newspaper, splitting costs between the bank, its customers and the employees who advise them.

Brewin Dolphin Rated Best Wealth Management Firm in Wales

Voting on the quality of services provided and investment propositions, the All Stars Awards are based on who advisers rate to be the UK’s top wealth managers.

‘The decision to break up allows us to access the right investors and markets’

The decision to break up the company was announced by new group chief executive, Bruce Hemphill, two weeks ago, because the constituent parts did not make sense as a single group.

Wealth management firm pulls out of takeover

It sought a deal that would have been paid by at least 50% in cash and the remainder in new shares in AFH or convertible loan notes in AFH.

Wealth and Asset Management