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

Barclays slashes bankers' pay by up to half as profits fall

Barclays is to cut the salaries of some of its leading investment bankers

Bankers' bonuses to be returned in Spain

The size of the losses, the biggest ever reported by a Spanish bank

Strong investment performance at FCAM

Assets Under Management (“AUM”) of £96.8 billion at 30 September 2012 (30 June 2012: £98.2 billion)

Skandia: ‘We don’t want to be SJP’

Skandia is planning some big structural changes ahead of the Retail Distribution Review

Deutsche Bank Members of compensation panel announced

As announced in September the panel´s objectives include benchmarking the Bank´s compensation systems against industry best practice and against current and intended regulatory requirements; formulating core principles and minimum standards fo

Rathbones wins Investment Manager of the Year at the Charity Times Awards 2012

Rathbones was lauded as showing outstanding commitment to the sector and consistent good performance at the Lancaster London hotel last week.

Investment bonds being mis-sold by advisers, wealth manager claims

When the Retail Distribution Review (RDR) takes effect from 31 December 2013, funds will no longer be allowed to pay commission to advisers for selling their products. Instead, IFAs will have to charge upfront for their advice.

RBC Wealth Management's global strength recognized with three Private Banker International awards

We are extremely proud to see RBC Wealth Management recognized for its strength

Coutts CEO Rory Tapner Named "Outstanding Global Private Banker"

The award was announced at the 22nd annual PBI Wealth Management Summit in Singapore. Since first being held over two decades ago, the event has grown significantly and now draws a large number of influential industry specialists, private bankers and exe

UBS Global Asset Management Chronicles the Evolution of the Asset Manager

Emphasis is moving away from performance relative to benchmarks and toward investor outcomes

Italy's Banca Leonardo set private banking targets for 2012

"Our aim is to recruit professionals with strong experience, who share our vision of the business."

Standard Life move prompts IFA fear over orphaned clients

Adviser says provider’s “fair” move highlights issue of clients that may suffer through going direct post-RDR.

Credit Suisse Third-Quarter Profit Falls on Own Debt Charge

Private Banking with 3Q12 net revenues of CHF 2,591 million and pre-tax income of CHF 689 million

64% investors would stop using their IFA if they began charging an hourly rate

The findings come from Legal & General Investments' What Matters Investment Index which investigates investors' views of the market which is now in its third year.

AWD demands advisers cut clients to improve service

The national IFA has told around 50 of its 200 advisers who advise more than 250 clients to cut numbers by January.

Rathbone funds edge up to £17.3bn

The total annualised rate of net inflows of 5.5% (2011: 8.2%) in Rathbone Investment Management for the nine months ended 30 September 2012

Hargreaves chief picks up £1.2m bonus

The company saw pre-tax profits increase to £152.8m for the year to 30 June, compared with £126m during the prior year.

Independent asset managers are gaining in importance in Germany's private wealth management market

IAMs first became a recognized profession in 1998.

Lloyds considers plan to ditch annual bonuses

Lloyds Banking Group is considering whether to ditch annual bonuses for senior staff and extend the timeframe of longer-term incentives to up to 10 years, the Financial Times reported on Monday.

WH Ireland paves way for dividend in balance sheet overhaul

WH Ireland has opened the possibility of rewarding investors with a dividend in a proposed overhaul of its balance sheet.

Wealth and Asset Management