08/28/2012
In a challenging market environment, the international private banking and asset management company LGT Group increased group profit for the first six months of 2012 by a substantial 58% to CHF 130 million as against the same period of the previous year.
08/27/2012
Investment trusts hope to see increased popularity once a ban on adviser commission comes into force next year, but perceptions of liquidity problems still plague the sector, say analysts.
08/26/2012
According to the SonntagsZeitung, the stolen data on clients found its way into the hands of tax investigators in the German state of North Rhine Westphalia, with the thief paid an undisclosed sum.
08/26/2012
Targeted at the bank's existing and new private client investors, the fund, which will be managed by Leona Nicholson, is made up of 65 global equities.
08/26/2012
Pay consultants expect the use of clawbacks to rise sharply this year following a string of recent banking scandals, including the manipulation of Libor and anti-money laundering failures.
08/26/2012
Hideously diverse Britain: a postcode problem for Parisians in London
08/23/2012
That’s the biggest outperformance since 1998, according to data compiled by Bloomberg.
08/23/2012
Billionaire investors George Soros and John Paulson increased their stakes in the SPDR Gold Trust, the biggest gold-backed exchange-traded product, in the second quarter.
08/23/2012
The rules would apply to advisers rather than discretionary managers, while sophisticated investors and high net worth individuals would be exempt from the restrictions.
08/23/2012
Nationalised Dutch bank ABN AMRO on Friday said second-quarter profit fell as loan impairment charges doubled, and warned of further hits this year because of the fragile state of the Dutch economy.
08/23/2012
Bank report to MPs reveals wealthiest boosted by QE and low base rate, but insists policy spared UK from even deeper slump
08/23/2012
Baring's gold hoard larger than that of several countries
08/22/2012
There can be no doubt that the Retail Distribution Review (RDR) should be seen as a terrific enhancement to the provision of financial advice.
08/22/2012
The Private Client Group continues to perform reasonably well.
08/22/2012
This appointment follows Michael Lagopoulos’ decision to retire from RBC after 26 years’ service, on 31 October 2012.
08/21/2012
Bromsgrove-based Redbourne Wealth Management has found a charitable solution to the issue of transferring clients after switching networks.
08/21/2012
Succession Group has undertaken a management reshuffle following the £12.5m acquisition of its first five IFA firms.
08/20/2012
There used to be this moat that created a great business model for Swiss banks -- it’s gone,” said Friedman, who was hired into the newly-created CIO position by former UBS Chief Executive Officer Oswald Gruebel in March 2011.
08/20/2012
Bespoke DFM firms are winning business from private banks as high-net-worth clients feel they are being squeezed out in favour of wealthier clients.
08/20/2012
Leeds-based law firm launches new wealth management business
A new wealth management business has been spun out