08/10/2016
Deutsche Asset Management invests €490m in Spanish retail property
The company said, that since opening in 2001, the asset had maintained a solid performance and continuously increased sales and visitor figures.
Wealth and Asset Management
08/10/2016
Chester Financial Planner Acquires Yorkshire Counterpart
Beaumont Robinson managing director Michael Wall will take on the role of regional director for OMWPCA.
08/10/2016
Rothschild & Co's revenue rises on increase in M&A business
The company said market volatility had adversely affected client activity in its private wealth and asset management business, resulting in a 5 percent drop in revenue to 89.4 million euros.
08/10/2016
Son to inherit £8.3bn family fortune after death of Duke of Westminster
The 64-year-old father of four was said to be worth around 10.8 billion dollars (£8.3 billion), according to Forbes, making him the 68th richest person in the world, and third in the UK.
08/10/2016
The surge in wealth mergers
This analysis looking at the increasing trend towards M&A activity should also be balanced by a consideration of the other issues that are driving wealth management firms towards growth and consolidation.
08/09/2016
City Chief Is Mystery Heathrow Hub Backer
A Marshall Wace hedge fund manager is the biggest investor in a scheme to extend one of Heathrow's runways, Sky News can reveal.
08/09/2016
Old Mutual sells Italian business for €278m
“I am extremely proud of the Italian team and what they have achieved. I believe that the growth prospects of Old Mutual Wealth Italy will be enhanced under Cinven and ERGO Italia’s ownership.”
08/09/2016
Old Mutual sells Old Mutual Wealth Italy for €278m
The sale is subject to regulatory approvals and is expected to complete within six months.
08/09/2016
Standard Life's platform pushes profits to £341m
Standard Life said this drop was due to the impact of market volatility on investor confidence.
08/09/2016
Van Lanschot and Achmea agree sale of Staalbankiers’ private banking activities
Staalbankiers clients and employees will be advised of the takeover today.
08/09/2016
Welcome to Google Wealth! by Annie Catchpole, Scorpio Partnership
Ask any wealth manager who their future competitors will be and they’ll probably say one of the big-name private banking brands or a local boutique offering similar products and services to their own.
08/08/2016
Canaccord Genuity’s UK wealth business reports 11% AUM rise
Canaccord Genuity Wealth Management UK has reported an 11% year-on-year rise in assets under management at the end of its first fiscal quarter. - See more at: http://www.portfolio-adviser.com/news/1030815/canaccord-genuity-uk-wealth-business-reports-aum-r
08/08/2016
Old Mutual acquires Yorkshire advice firm
Staff and management at Beaumont Robinson, which has more than 850 clients, will stay with the business.
08/05/2016
OM Asset Management beats 2Q profit forecasts
The results topped Wall Street expectations.
08/05/2016
Wealth manager boom masks growing cost problem
Regulation and robo-advice threaten European wealth managers
08/05/2016
Old Mutual enters talks to sell off Italian unit
The private equity firm has reportedly evaluated Old Mutual Wealth Italy between €200-250 million.
08/05/2016
Spike in clients looking for new wealth manager
In June, 21 per cent of people filling in the questionnaire on his website said they were unhappy with their wealth manager and were seeking an alternative.
08/04/2016
HNW Investors Exiting Britain Since Brexit
The survey included 770 people with investable assets of at least $1.3 million from countries across the globe, including the United States and Britain.
08/04/2016
Aberdeen Asset Management raises £115m for UK PRS portfolio
We have designed the Club after extensive discussions with investors to meet their needs for a clear strategy, a simple structure, and a cost effective approach.
08/04/2016
Merseyside’s Second Largest IFA Firm Created After Deal
Bringing together the two businesses and sharing our expertise will greatly enhance the client experience and enable us to offer a wider range of services to both existing and new clients.