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

Bank bonus cap rules get EU nod

“This aims to put an end to the excessive risk culture which led to taxpayer bail-outs and bank collapses.”

50% of WM firms rated “very good” by their clients

2012 saw a 3.4% increase in UK wealth management client satisfaction as measured by the MDRC index.

Charles Stanley sees AUM hit new high in 2013

The group said the final quarter of the financial year was characterised by a stronger performance from equity markets and a slightly more benign trading environment.

58% of financial services practitioners believe bonuses should be set by banks’ shareholders, not politicians

The CISI survey results appear as CEO Simon Culhane suggests that the public and media are allowing the politics of envy to reduce the attractiveness of the UK as a major financial centre.

Austrian bank boss Herbert Stepic hands back €2m of pay

The head of one of Austria's biggest banks has returned €2m (£1.7m) of his compensation because he believes executives can sometimes be paid too much.

Sterling McCall assets near £300m after IFA acquisition

The firm was targeting 30 advisers by the end of the year and an additional £250 million assets.

National wealth manager to target major acquisitions in five-year asset drive

However, next year the firm plans to carry out large-scale acquisitions to meet its broader five-year aim of doubling the £5 billion in assets it currently runs.

Bellpenny and Brooks Macdonald sign strategic alliance

"It will enable clients to take advantage of Brooks Macdonald’s research-driven approach to delivering strong and consistent risk-adjusted returns.”

Boutique asset managers launch GBAM to help compete with global players

GBAM seeks to develop a network to hold discussions about important business issues faced by boutique managers - strategy, products, markets, clients, etc.

James Hay partners with London wealth manager on iSipp

Wealth manager will fund annual fee for higher-value clients and half of the fee for medium-value clients

Stonehage: Over 20% of UHNW families have written constitutions

Stonehage says that more than 20 per cent of UHNW families now have written frameworks in place, compared to just a few per cent prior to the financial crisis.

Five steps to fiscal freedom for women: Foxley

Chartered financial planner Hannah Foxley is launching a wealth management programme for women after several clients expressed an interest in learning about their relationship with money.

£7trillion Britain is better off than ever

The best-off 10 per cent of households have an estimated average per household of £1.82million

Aberdeen’s Gilbert goes back on the acquisition trail

We are very cautious, and these are well-priced deals

Reyl’s London presence aims for £500m AUM in three years

It has now identified London as the hub for its target client set of new-world entrepreneurs

Top 100 Billionaires Wealth Rose to $2.029 Trillion

Following are the results of the latest Bloomberg Billionaires Index ranking the world’s 100 wealthiest individuals.

Charity clients to be retained in £50m sale of JO Hambro shares

Credit Suisse has agreed to sell 62.5 per cent of JO Hambro’s issued share capital for £50m to Bermuda National Ltd

Ex-Barclays advisory head plans low cost online wealth firm

People who feel they are not getting the service they want from traditional institutions at a price they want to pay post-RDR

Coutts CEO appointed to Walpole board of Directors

Michael joined Coutts, the Wealth division of the Royal Bank of Scotland Group, in June 2009, as Chief Executive of Coutts & Co and as a Director of Adam & Company. co

Baer says Merrill Lynch unit integration on track

In the case of Luxembourg, Julius Baer gains a new foothold with a strong presence.

Wealth and Asset Management