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

Julius Baer profits beat estimates

Julius Baer Acquires as Profit Rises

Jersey Named as Leading IFC for Sixth Time in a Row at Citywealth Awards

Jersey’s reputation as a leading centre for private wealth management has been highlighted for the sixth time, being named ‘International Financial Centre of the Year’ in the annual Citywealth IFC Awards.

Wealth firm clients take £1.9m hit on small cap blow up

Shareholders were asked to put more money into the energy supplier towards the end of last year as it struggled to hit growth targets and buy power in the wholesale market.

UBS Real Estate buys Topas Arkade in Berlin from Meyer Bergman fund

“UBS Real Estate approached us just as our business plan for the property was gaining momentum."

Wealth consolidator profit jumps 83% on 14 acquisitions

The numbers represented the fourth consecutive year of growth and improved profitability for AFH since it joined in AIM in 2014.

Brokers informed: Real world threats demand bespoke solutions

This means that the true level of violent crime could be higher than reported.

WH Ireland makes £1.6m loss as platform costs mount

WH Ireland’s ‘project discovery’ relates to the outsourcing of its wealth back office to SEI and the sale of its freehold premises in Manchester.

7IM shifts MM portfolios towards active funds as 'market becomes more discerning'

Ramped up passive exposure in 2016

Nordea Asset Management operating profit up 17 percent in 2017

While Nordea's financial results for the fourth quarter of 2017 came in well below analyst' expectations, Nordea Asset Management increased operating profit, and contributed EUR 703 million to group operating profit in 2017.

BNP Paribas Asset Management launches Parvest Global Equity Absolute Return Strategy

BNP Paribas Asset Management (BNPP AM) has launched the Parvest Global Equity Absolute Return Strategy (Parvest GEARS), a sub-fund of the Parvest UCITS V SICAV registered under Luxembourg law.

Liechtenstein private bank expects 'New Money to Drive Profit'

The positive development seen in net new money during the first half of 2017 also continued during the second half of the year.

Raymond James Private Client Group reports record quarterly net revenues

Growth in securities commissions and fees, as well as higher short-term interest rates, helped the segment generate record results in the fiscal first quarter.

Growth in adviser business takes Brewin to £41.5bn

Advisers recommended £400 million of client assets should be invested in discretionary funds offered by Brewin.

Close Brothers AM sees assets swell amid rising market conditions

Up 8.2% over past five months

Record inflows make record year for St James's Place

This result, together with positive investment returns, increased funds under management by £15.4 billion to £90.7 billion, growth of 20%.

Canaccord discloses its fund manager red flags

You can definitely get a good steer as to how well they will perform from a face to face.

UBS snaps up rival's Lux-based PB business

The deal, which was done through its subsidiary arm UBS Europe SE, is designed to bolster UBS’ presence in the Nordic region.

SJP funds under management hit record

This result, combined with positive investment returns, increased funds under management by £15.4bn to £90.7bn, up 20%.

Vistra Builds Presence in the Nordic Region

The opening of Vistra Sweden marks a milestone for the firm as they take their first step into the Nordic region.

Brooks Macdonald see AUM surge 12.3%

Brooks also highlighted the impact of investment in preparation for Mifid II and GDPR.

Wealth and Asset Management