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

ABN Amro Net Profit Rises 11%

Chief executive Gerrit Zalm said the results are ‘satisfactory’ given the difficulties still facing the Dutch economy.

Wealth managers expect equity fund charges to fall to 50bps

An exclusive Wealth Manager survey of the top 100 private client fund selectors found a large proportion expected fund charges to be squeezed down further.

Mirabaud Strengthens Its Asset Managemant Business In Switzerland

Mirabaud is continuing to align its legal structures with its business lines and is grouping its Swiss asset management activities into a single entity.

Crowdfunding Gets Entrepreneurs Knocking on Wealth Manager's Door

InvestedIn's Partnership with My New Financial Advisor brings platform to wealth managers

Bedlam Asset Management shuts down after loss of key client

The consequences would be a material fall in fee income, with resultant losses at an unacceptable level.

Discretionary Inflows Boost Charles Stanley’s Profits

Charles Stanley sees a boost in assets and profits as its discretionary and execution-only services attract inflows.

Charles Stanley acquires Evercore Pan Asset Capital

Charles Stanley Group PLC announces that it has exchanged contracts to acquire the entire issued share capital of Evercore Pan Asset Capital Management Limited

Walker Crips revenue for 6 months to Sept 30 up 10%

Walker Crips booked a first-half pretax profit of £2.2m, from £7.7m. Revenue was £9.7m, from £8,8m.

Ashcourt Rowan announces charity partner

Through a series of events and fund-raising activities, the wealth management group will seek to raise £50,000 over a two-year period.

Liontrust's profits surge by 326% as inflows spike upwards

Assets under management reached £3.4 billion at the end of September, up from £2.4 billion year-on-year with the £315 million net inflow a massive surge from the £189 million it attracted in the same period last year.

Marketing to HNW clients

Most private banks do not offer a comprehensive financial planning service. Solutions tend to be purely product or investment-led, with little regard for the client’s long-term financial plan

SJP non-exec chairman steps down amid board changes

St James’s Place has announced a number of changes to its board of directors as non-executive chairman Charles Gregson steps down to be replaced by senior non-exec director Sarah Bates.

Chase de Vere moves into the HNW market

National advisory firm Chase de Vere has created a specialist division to service high-net-worth individuals, promoting Darren Pearce as head of the team.

Smith & Williamson wins Citywire Performance Award for Steady Growth

Smith & Williamson ranks among the top ten independently owned wealth managers* in the UK, with over £14 billion of funds under management and advice (as at 30 September 2013).

Sanlam eyes merger in move to streamline UK-based operations

Sanlam is to streamline its business in the UK and is considering merging its Sanlam Private Investments (SPI) arm and Sanlam UK brands.

Barclays Says Swiss Bank Is Vital for Wealth Management Unit

The Geneva-based unit isn’t profitable

Wealth and Discretionary Managers Drive Equity Fund Sales

Pridham Report says bumper equity fund sales down to wealth and discretionary managers after mass market ‘falls into advice gap’.

The Cogs Driving the Investment Engines in UK Wealth Management

We have trawled the sector to identify the individuals with significant influence over fund selection processes at their companies.

Standard Chartered cuts target as growth slows and regulation bites

Standard Chartered has been one of the best performing banks over the last decade, trebling in size and delivering compound annual income growth of 15 percent

Van Lanschot posts modest net profit

Client assets grow to € 51.8 billion

Wealth and Asset Management