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

Wealth managers face slowdown in assets under management

Wealth management industry will need to redesign the ‘core’ high-net worth service model

Why I've bought more shares in the UK house builders after Brexit, by investor of £2 billion

And if you believe that the fundamentals are good, it’s not without risk, but there is a lot of money to be made.

Ex-Barclays ‘Musketeer’ Assembles Stellar Cast for New Boutique

New wealth manager Saranac boasts host of executives from world’s financial giants

DeVere poll suggests HNWIs now look to reduce exposure to UK risk

The more diversified the investment portfolio, encompassing a global focus, the greater the reduction of risk.

Troy tops Sanlam equity income study as 8 funds go grey

The report’s author, Charles Brand, highlighted how the marker was set at the start of the year after the US raised rates in December 2015.

Smaller wealth management firms at risk as M&A deals reach eight-year high

There were 124 M&A deals between wealth management firms in 2015, a fresh high during the eight years of tracking by Scorpio Partnership.

Asset managers push back against activist pension funds

Attempts are being resisted to improve standards at listed UK companies

Ex-Investec W&I multi-asset duo launch boutique

Laurence Boyle says the firm will run the same proposition as he did at Investec

Wealthy investors reducing UK exposure post Brexit

Most high net worth individuals are looking to reduce their exposure to UK-based assets in the wake of the country’s vote to leave the European Union, according to deVere Group.

Tilney Bestinvest completes Towry acquisition

It was previously revealed that following the completion of the transaction, Towry chief executive Rob Devey would leave the business.

Compliance pay boom: how wealth managers are coping

The boom in compliance remuneration took hold after the financial crisis and now looks likely to accelerate following the Brexit vote.

Wealth managers missing out on social media

Indeed, many of the larger players that use social media do so under their general brands rather than via the wealth management division, which can limit the impact and reach of their social media activities in targeting wealth management clients,

UBS Scraps Near-Term Targets as Second-Quarter Profit Declines

Some of Europe’s largest banks have been hurt by volatile markets and record-low interest rates, with Deutsche Bank AG, Barclays Plc and Credit Suisse Group AG all reporting a drop in second-quarter earnings this week.

Barclays profits fall 21% amid restructuring

High street bank sees PPI bill rise and non-core division makes a loss of £1.9bn

Banks must boost efficiency by sharing more costs, says UBS

Swiss lender comfortably beats earnings expectations for second quarter

Swiss bank bounces back from losses

The bank pointed to progress in cutting costs, which were down six percent from the second quarter last year

U.S. private equities behind UBS-Passera plan for Monte dei Paschi - source

The new proposal includes the bad loan sale to Italian bank rescue fund Atlante, like the bank's own rescue plan.

St James’s Place boss hits back at charging criticism

He pointed specifically to the “charging differential” between an SJP pension and an open-market pension.

The oldest bank on earth just agreed a rescue deal backed by JP Morgan, Goldman Sachs and Deutsche Bank

The rescue offer is being led by JP Morgan and Italian lender Mediobanca

UK wealth manager reports 20% growth in AuM

SJP also reported a near-20% year on year increase in funds under management to £65.6bn as of June 30.

Wealth and Asset Management