04/24/2013
UK wealth managers enduring post-RDR slump in confidence
A study from Pershing examines the extent to which UK wealth managers are being forced to re-examine their value proposition in light of the implementation of the RDR.
Wealth and Asset Management
04/24/2013
Tier One's ex-Coutts duo insist suitability doesn't mean standardisation
While it remains to be seen how this will play out under the Financial Conduct Authority, recent start-up Tier One Capital – founded by former Coutts managers Stephen Black and Ian McElroy - is trying hard to walk the line between these two extremes
04/23/2013
Fund and wealth managers unite to criticise the EU
enior players in a raft of City firms have signed up to Business for Britain
04/23/2013
Credit Suisse Profit Soars in First Quarter
High returns, strong client franchises, reduced cost base and lower risk- weighted assets:
04/23/2013
Barclays first quarter profits fall 25%
Barclays expects to make a further £500m charge later this year.
04/23/2013
7IM profits up 12% despite £123k FSCS hit
Despite the cost of the additional levy, the strong asset numbers combined with continued tight cost control.
04/22/2013
Traders and fund managers swap the City for the slopes ... and keep working
Ski resorts such as Chamonix and Verbier are becoming centres for financial services
04/22/2013
Ashcourt Rowan sells personal pensions admin business
Ashcourt Rowan has agreed to sell its pension trustee companies
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.