04/22/2014
HSBC PB hires Barclays discretionary boss as UK wealth head
His role will include responsibility for various teams
Wealth and Asset Management
04/22/2014
Wealth management sector faces unprecedented change
New research from Aite Group highlights that while the United Kingdom, the sixth-largest economy in the world,
04/22/2014
UBS And Mornign Star Offer Solvency II Service For Funds
A unit of UBS is collaborating with research firm Morningstar to help asset managers calculate solvency capital requirements (SCRs) under the Solvency II regime at the fund level.
04/21/2014
The wealth sector is gripped by merger mania
The wealth sector is gripped by merger mania as advisory firms jump into each other’s arms to deal with rising costs and regulatory challenges.
04/21/2014
BlackRock targets UK pension market after budget reforms
BlackRock, the world’s largest asset manager, is set to mount an aggressive challenge to UK life insurers after concluding that the government’s pension reforms could lead to the collapse of the annuities market.
04/17/2014
Brooks Macdonald sees assets climb 4.2% in Q1
The wealth manager had £5.92bn of discretionary funds under management at the end of March, compared to £5.68bn at the end of 2013. New business accounted for £215m of the increase, while performance added a further £30m.
04/17/2014
EW Group to acquire all of EWMG
Based on the Theoretical Post Consolidation Price, the Acquisition values EWMG at approximately GBP13.45 million with the value of the Total Consideration being approximately GBP7.1 million.
04/17/2014
Neuberger Berman launches emerging market debt ‘blend’ fund
Neuberger Berman is to launch a new fund that will invest in both hard and local currency emerging market bonds, Wealth Manager can reveal.
04/17/2014
Natixis launches short-dated high yield fund
The fund offers retail and institutional share classes denominated in US dollars and euros
04/16/2014
Credit Suisse reports Improved profitability in Private Banking & Wealth Management:
Improved Wealth Management Clients net margin to 29 basis points from 23 basis points in 4Q13
04/15/2014
The winner of the 2014 Wealth Management Madness is....
After he took over he did two things that turned the ship: Sharpened its focus
04/15/2014
Five reasons why buying wealth firms may be too consensual
Wright highlighted the potential boost from ‘internal change as a new management team focus
04/15/2014
Expectations of UHNW and HNW European investors - J.P. Morgan Private Bank
Three quarters (75%) of European investors believe Europe will grow by 1% or more in 2014, and 39% say Europe will be the best performing equity market
04/15/2014
EDRAM launches European multi-asset income fund
The equity allocation will make up anywhere between 0% and 50% of the fund, which will be drawn EuroStoxx 600
04/14/2014
Societe Generale’s cross-asset approach pays off
The French bank has a first-mover advantage in advising multi-asset funds in a market tipped to double in size in the next five years.
04/14/2014
Julius Baer enters Irish market
he new Irish business of Julius Baer, which is understood to employ about 10 people, will be run as a branch of Julius Baer International Limited based in London, and cooperate closely with the parent company. The offices will continue to be located in Ce
04/14/2014
Brooks Macdonald snaps up Jersey wealth manager
AIM listed integrated wealth management group says the acquisition will allow “significant expansion”.
04/14/2014
Rowan Dartington acquires online wealth platform
Isle of Man-based company supports the international adviser community through an open architecture platform which offers funds, direct equity holdings, structured products and various other investment instruments.
04/14/2014
30% of UK's wealthy say advice more expensive post RDR - Pershing
The findings form part of a study commissioned by Pershing, which also found that 22% of a 1,000-strong sample of wealthy individuals are considering changing their adviser or wealth manager.
04/14/2014
Iveagh name to go as City Financial buys family office wealth manager
The Iveagh name is to vanish from the investment world in the near future after the group agreed a deal with City Financial which will see the latter buy its fund range this year.