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

7IM opens up platform to rival DFMs and overhauls charging

7IM head of platform Peter Wyatt said the move was a response to adviser demand.

Hargreaves Lansdown looks at Schroder UK Alpha Plus place on Wealth 150

The Schroder UK Alpha Plus fund returned 254.4 per cent over the 10 years to 31 January.

Worldwide Wealth Collections collapses

It's gone into liquidation with debts of nearly £1million.

Hedge fund tycoon Odey collects £1.7m from bet on Trinity Mirror slide

Mr Odey took a £10m bet against the firm last November, although he told The Independent he "didn't dislike the company".

Withers to launch new non-legal consultancy

The consultancy will be run by two acknowledged leaders in the consulting field, Kenneth McCracken and Amelia Renkert-Thomas.

Adviser Solutions division extends access to Managed Portfolios range

The implementation of the Retail Distribution Review has created a significant upswing in the number of IFAs partnering with DFMs.

F&C reports profit increase but assets and revenues fall

Mr Bramson said 2012 was “a year of significant change” as the firm sought to cut costs

FSA warns against EU plans for bankers' bonus cap

He also warned that the cap would undermine the system of bonus clawbacks for misbehaviour and poor performance, the FT said.

Family office for wealthy Russians joins ABS ranks

Red Square London, based in Pall Mall, operates a family office-style multi-disciplinary legal and business consultancy

Barclays demonstrates commitment to UK expansion with new office in Yorkshire

It is the sixth Wealth and Investment Management office opened by Barclays in the past eighteen month

FSA's Wheatley Says Concerned by Wealth-Management Review

Wheatley, who will lead the FCA, said he will set up a wealth-management supervision department to increase oversight.

Sovereign wealth funds to hit record $5.6 trln by year end

"Non-commodity funds are capturing an increasing share of SWFs' assets, a trend that is likely to continue."

Brooks Macdonald adjusted pre-tax profits up 30%

Revenues rose by 23% to £31.46m and the interim dividend of 6.5p per share is 8% up on last time.

Feeney appointed to Old Mutual executive committee

Feeney will join the Old Mutual group executive committee from 1 April alongside Ralph Mupita who is chief executive of Old Mutual Emerging Markets and Carlton Hood, group customer director.

Wealth managers weather RDR pressures to post record growth

A pick-up in the markets contributed to growth in underlying assets."

Brooks Macdonald plans Midlands office

The Midlands represents the last remaining geographical gap for the business, which has recently gained a presence in the Channel Islands after acquiring Spearpoint.

Lloyds Bank Sells Part of Stake in Wealth Manager

The move comes just weeks before the Bank of England is set to outline the scale a multi-billion pound capital shortfall for U.K. lenders.

It’s so unfair, say 'under-paid’ bankers

Almost two-thirds of London bankers think they were underpaid last year and half believe they have been treated unfairly.

EFG to sell stake in spin-off to Notenstein for $74 mln

This transaction is expected to result in an exceptional accounting gain of approximately CHF 37 million in EFG International's 2013 financial statements.

Close Brothers' wealth arm back in profit

Overall income on assets increased 9% to £36m, corresponding to an improved revenue margin on total assets of 84 basis points, the group said.

Wealth and Asset Management