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

Aberdeen AM reports £9.7 billion of new business won in the quarter

Assets under management £209.6 billion

Charles Stanley chairman nets £80k from share sale

The chairman netted around £80,000 after trimming his exposure to the private client stockbroker.

Quilter Cheviot becomes the latest to swoop on Brewin's Leicester branch

Quilter Cheviot Investment Management (QCIM) has hired Brewin Dolphin's Christian Ashley for its Leicester office.

Charles Stanley revenues up 31%

Charles Stanley's revenue for the three months to the end of June r

UBS France CEO eyes growth despite tax probe

UBS is being probed over its sales practices after a former executive told the authorities that Swiss bank accounts were being illegally sold on French soil and recorded in a separate account-keeping system used to help calculate bankers' bonuses.

Credit Suisse's private banking and wealth management division profit rises 4 pc

Mirroring a strong performance by Wall Street rivals, Credit Suisse more than doubled pre-tax profits at its investment banking division from a year ago

Predicted shortfall of 5000 IFAs for UK's HNW baby boomers

The UK faces a 20% shortfall of independent financial advisers which will potentially hit the baby boomer generation approaching or at retirement

Brooks Macdonald warns on future margins as assets jump 45%

In a trading update for the year to 30 June, the firm reveals discretionary funds have reached £5.11bn - up from £3.52bn reported for the previous 12 months.

Statement from the Swiss Bankers Association regarding payments and disclosures under the agreements with the UK and Austria

Both the UK and Austria have received either direct payments or information.

London & Capital opens service for US resident non-doms and Green Card holders

London & Capital today launches a new service, enabling US resident non-doms and Green Card holders to open a US domestic investment account, reducing onerous administrative burden for its US clients.

Raymond James Financial unifies UK businesses with appointment of United Kingdom CEO

Among Moores’ expected responsibilities are to serve on the board of directors of the UK operating entities as CEO, act as conduit for communications between firm leadership and UK senior managers across all business lines and lead growth and coordi

BCG report: Asset management recovery begins on bumpy road for traditional players

The increase in new asset flows remained relatively modest

Spain's Bankinter says no interest in Swiss acquisition

Spain's Bankinter, which sources have said was vying to buy the BSI private banking unit of Italian insurer Assicurazioni Generali, is not interested in a Swiss banking acquisition, Chief Financial Officer Gloria Ortiz said.

Bloomberg cancels its new wealth management product

Bloomberg LP is canceling its new wealth management service, BloombergBlack, before it hits the market

Heartwood name survives for mass-affluent regional opportunity

To support this development and grow outside of Heartwood’s stomping ground of London and the South East, Lough said a hiring spree was in the offing.

Close Brothers AM hits £9 billion

Close Brothers will be releasing its full year results for the twelve months ending 31 July 2013 on 24 September 2013.

Stricken Franco-Belgian banking group cancels asset management sale talks

The group was not immediately available to comment on why the sale talks had ended.

Less than a third of advisers focus on £100k+ clients

In spite of bearish rhetoric from across much of the advisory sector that the Retail Distribution Review has pushed advisers up the value chain

UPDATE 1-EFG unit sale boosts first-half profit

Underlying private banking revenues up 10 percent

Fraud and cybercrime biggest non-investment risks to family offices

Sustainability, data loss, fraud and theft are among the top non-investment risks faced by private families and the offices that serve them

Wealth and Asset Management