04/22/2013
Ashcourt Rowan sells personal pensions admin business
Ashcourt Rowan has agreed to sell its pension trustee companies
Wealth and Asset Management
04/22/2013
HSBC to scrap over 1,100 wealth management jobs
HSBC will cut 3,166 wealth management jobs based in the UK
04/21/2013
Church of England vows to use shareholdings to block big bonuses
Most high profile investors to put pressure on News Corp in the wake of the phone-hacking scandal.
04/21/2013
Brooks Macdonald discretionary FUM up 7.6%
Brooks Macdonald Group has announced an update on its funds under management for the quarter ended 31 March 2013.
04/21/2013
Coutts launches new range of payment cards
The Silk Charge Card and Black Credit Card
04/18/2013
Pope Francis redirects employee bonuses to charity
Francis told journalists a few days after his election that he wanted a “poor church, for the poor,” and he has brought a simpler and more sober style to the papacy.
04/17/2013
Deutsche Bank Plans Cap on Pay for Co-CEOs
The curbs, put forward by the bank's supervisory board for approval next month by shareholders, are likely to be replicated beyond this year, the report said.
04/17/2013
Hargreaves Lansdown’s funds post a record £4.7 billion leap
Financial services group, saw a record rise of £4.7 billion in the funds it manages in the last three months, taking the total to £35.1 billion.
04/17/2013
SYZ & Co Increases Stake In Italian Banking Group
Based in Milan and with offices in Rome, Bologna and Reggio Emilia
04/16/2013
Goldman Sachs private bank wins UK licence
The UK entity is authorised to carry out several functions, including: deposit-taking; advising on investments; dealing on an agency and principal basis; and the safeguarding and administration of assets, according to the FCA filing.
04/16/2013
GAM Holdings' assets rise in spite of outflows
From 31 December 2012, Group assets under management have risen by CHF 2.8 billion or 2%. At CHF 119.0 billion, assets are currently CHF 8.4 billion higher than on 31 March 2012.
04/16/2013
Hargreaves Lansdown expects no RDR 2 surprise after record Q1
Hargreaves Lansdown does not expect any surprises from the second instalment of the retail distribution review (RDR) after a record breaking performance for the firm in the first quarter.
04/16/2013
Q2 WM Outlook: wealth managers defy gains with record US exposure
Wealth Manager conducted the survey during the week leading up to Easter as the Dow continued to set new record daily highs and the S&P 500 broke through its nominal pre-crash high.
04/15/2013
Bank bonus cap rules get EU nod
“This aims to put an end to the excessive risk culture which led to taxpayer bail-outs and bank collapses.”
04/14/2013
50% of WM firms rated “very good” by their clients
2012 saw a 3.4% increase in UK wealth management client satisfaction as measured by the MDRC index.
04/11/2013
Charles Stanley sees AUM hit new high in 2013
The group said the final quarter of the financial year was characterised by a stronger performance from equity markets and a slightly more benign trading environment.
04/11/2013
58% of financial services practitioners believe bonuses should be set by banks’ shareholders, not politicians
The CISI survey results appear as CEO Simon Culhane suggests that the public and media are allowing the politics of envy to reduce the attractiveness of the UK as a major financial centre.
04/09/2013
Austrian bank boss Herbert Stepic hands back €2m of pay
The head of one of Austria's biggest banks has returned €2m (£1.7m) of his compensation because he believes executives can sometimes be paid too much.
04/09/2013
Sterling McCall assets near £300m after IFA acquisition
The firm was targeting 30 advisers by the end of the year and an additional £250 million assets.
04/09/2013
National wealth manager to target major acquisitions in five-year asset drive
However, next year the firm plans to carry out large-scale acquisitions to meet its broader five-year aim of doubling the £5 billion in assets it currently runs.