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

Swiss bank UBS battles against culture of arrogance

Switzerland's UBS has yet to purge itself fully of the culture of arrogance that put it at the centre of a global interest rate scandal, its investment banking chief said on Wednesday.

Bellpenny acquires four IFAs worth £300m

Bellpenny now has 2,500 clients.

SJP and Standard Life 'biggest RDR winners'

It praised Standard Life for abandoning commission in 2006

Swiss bank UBS battling against culture of arrogance

We all got probably too arrogant, too self-convinced that things were correct the way they were

UK Wealth Management reveals £145k loss and £2m hand-out

The firm said it made no acquisitions in 2011 and in fact declined on a number of offers.

Sarasin & Partners Funds of Funds now available on platforms

Sarasin & Partners have announced that the two funds of funds, the Sarasin Global Diversified Fund of Funds and the Sarasin Global Equity Fund of Funds, which were launched last year, have been added to a range of platforms.

Revealed: Wealth managers' top fund picks for 2013

The year ahead is set to be as tumultuous as the past few years as the eurozone continues to navigate its way out of a debt crisis, the BoE welcomes a new governor and the US tackles the fallout of the fiscal cliff.

Clarion splits business into wealth and investment arms

All independent financial advice previously provided by Clarion will be provided by Clarion Wealth Planning. Discretionary investment management services will now be supplied by Clarion Investment Management.

Saltus cuts AMC on multi-asset range

The change has come into effect immediately and follows a rush of investment managers moving to streamline their retail and institutional share classes in time for the retail distribution review.

Credit Suisse plans new asset-backed bonus scheme

Full details to be announced internally later in January

Largest IFA firms emerge restricted in post-RDR dawn

Move to restricted among larger firms contrasts sharply with survey figures for wider IFA sector.

East west chasm over who generates London's wealth

“It’s a stark reminder that financial services are one of the only globally competitive businesses that the UK has.”

AXA Wealth: Ready for RDR across entire proposition

Its final milestone was reached on December 31, when its specialist Family Suntrust family SIPP went live as an RDR-ready retirement solution

FSA approves Succession platform

The money will be invested on a platform

OCM Wealth Management launches DFM platform

Platform Plus is part of OCM Wealth Management’s IFA brand ‘Daedalus’

London & Capital achieves 33% AUM growth in 2012

Growth for the 26 year old firm has been achieved through a 66% increase in AUM from US clients domiciled in the UK

How Fleming Family's wealth arm will help it defy industry's woes

The firm has had a busy year, undergoing two acquisitions, key hires and a programme of change, and as it previously lamented, 2012 turned out to be a 'difficult' year as markets remained volatile.

The rich got richer again, according to billionaire index

Last year was a great one for the world’s billionaires

IFA buys book of 1,000 Kleinwort clients in RDR clear-out

Advice firm moves to strike deals with private banks for clients they can no longer serve under new rules.

Succession gains FSA approval for vertically integrated status

Vertically integrated firms act as both a provider and distributor.

Wealth and Asset Management