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

Ruffer's profit soars 40% on £2bn asset rise

Ruffer Management Limited has seen a 39% rise in profit after tax.

Brewins merges Bradford and Leeds offices in branch 'tidy up'

As well as the Bradford office moving to join its colleagues in Leeds, Brewins’ Elgin office in Moray, Scotland, has relocated to Inverness, while its Dumfries hub has moved to Penrith.

Fiducia eyes move to family office model

"We believe that, if a financial planner is to survive, they should really consider that."

Liechtenstein private bank buys Clerestory, moves into real estate

Aiming to offer clients greater access to real estate expertise and investments, the new firm comprises the group's first major step into real estate investment, managing $25bn AUM on behalf of over 300 institutional clients.

Italian Household Wealth EUR8.62T at End 2011

The sum, which is more than five times gross domestic product

Billionaire Wilbur Ross Plans to Buy Stake in NBNK Investments

NBNK will make a tender offer to investors for a further 18.9 million shares at the same price

RBC Leads Bay Street Bonus Rise as Wall Street Faces Cuts

Canadian Imperial Bank of Commerce was the only one among the group to pare its bonus pool

Deutsche Bank to Focus on Russia’s Rich After Fund Merger

Germany’s biggest bank agreed to buy the 60 percent in Deutsche UFG Capital Management it didn’t already own a year ago.

Ashcourt Rowan expands into Salisbury

The group said the move is part of plans to become one of the leading wealth management firms in the country.

BBC orders wealth doc series

The series will examine why the world’s wealthiest people are more likely to be younger

Wealth managers and stockbrokers see growth

The firm calculated that revenue generated by wealth managers and stockbrokers rose by 4.1 per cent

Newton pInvestment Management puts £3.5bn wealth division up for sale

Newton Investment Management, headed by Helena Morrissey, has put its wealth management division on the auction block.

ABN Amro Increases Equity Allocation, Cuts Cash Holdings

ABN Amro Bank NV’s wealth-management unit is increasing its allocation for stocks and cleaning out cash holdings as it bets on a rally in European and emerging- market equities next year.

Brooks Macdonald launches RDR share classes

Brooks says clear charging structure offers new investors competitive and transparent charging, making our funds an attractive investment option for clients post-RDR.

Weatherbys opts to shut internal investment arm and outsource

The bank said that it remains committed to providing private banking and wealth management services to its clients.

Deutsche Bank Will Merge Swiss Wealth Management Units

The firm said Oct. 30 it will complete the majority of the job reductions, including 562 in asset and wealth management, by the end of this year.

Wealthy homeowners await tax shake-up

On Tuesday the government will publish its draft finance bill, which will include details of the annual charge on corporate vehicles – both UK and overseas – used to buy expensive homes. The annual charge proposal was laid out in March’

Italian families lose 40 percent of their wealth in a decade

The findings show the scale of the challenge facing the country.

HSBC’s Boyles to Keep Current Strategy at Helm of Private Bank

"Private banks are encountering “intense competition, additional costs due to regulation and compliance requirements and margin erosion."

Coutts: Million-pound donations hit five-year high

Living individuals therefore continue to be the most significant source of the largest donations.

Wealth and Asset Management