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

The triumph of the invisible hand by Tim Price

“By virtue of exchange, one man’s prosperity is beneficial to all others.” - Frédéric Bastiat.

An investment philosophy: thinking the unthinkable by Penny Lovell

"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." - Warren Buffett

It’s time for Bunnies, Buds and Blooms by Justin Urquhart Stewart

It's the Spring ISA season again. Nowadays Spring is not just daffodils and budding trees but also the hectic promotion of the seemingly national institution that is the ISA cut-off date - which, by the way, is midnight Tuesday, 5 April.

Old Mutual readies sale of Italian wealth unit: sources

The unit, known as Old Mutual Wealth Italy, is part of the group's wider wealth management business but is expected to be sold separately as it operates as a standalone unit, the sources said.

Permira Said to Be Leading Bidder for U.K. Asset Manager Towry

The London-based investor has emerged as the strongest contender among the buyout firms and a sale may value Towry at as much as 600 million pounds ($863 million), said the people, who asked not to be named because the deliberations are private

EFG Says Cost of Integrating BSI Will Amount to $263 Million

EFG International AG, the Swiss private bank controlled by billionaire Spiro Latsis and his family, said the cost of integrating BSI will be about 253 million Swiss francs ($263 million).

Brooks Macdonald strikes partnership deal with Midlands IFA

The partnership with Castlegate Financial Management opens BMAM’s resource pool to Castlegate’s 80-plus investment team.

Thornbridge launches service to help wealth start-ups

The regulatory hosting support provides conformity functions for companies which are starting out, permitting them to gain authorisation beneath the Thornbridge umbrella.

St. James’s Place – “Lloyds is a stock all income fund managers need to own”

Currency complications

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

Wealth and Asset Management