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

Luxury brand Mulberry delivers strong results

Profit before tax up 54%

7IM to look at execution-only set-up for advisers

The service, which 7IM plans to launch in the next 18 months, would allow investors to view their portfolios and make transactions.

Many advisers not ready for RDR regime

At the same time, firms will have to change the way they describe their advice – choosing to declare their range of services as either “restricted” or “independent”.

Wealth managers defy gloom to splash out on headcount

Wealth managers are on a hiring spree as they seek to take advantage of a steady rise in the number of millionaires across the world despite the economic environment.

Italy's exclusive Billionaire club to close

In contrast, the exclusive nightclub in Porto Cervo flourished under Silvio Berlusconi, who has a large villa just along the coast and is a friend of Mr Briatore.

7IM seeds Pacific fund

The fund is not available direct to the retail market but can be accessed through 7IM model portfolios.

India replaces Spain as top 10 wealth market - Datamonitor

Despite continued setbacks in the global wealth market, affluent individuals will rise by 20 million per year, and India will continue to climb within the top 10 wealth markets list, research by Datamonitor has suggested.

Economy: Morocco, wealth from sectors ignored by banks

The reasons for this are thought to be historical. With the exception of Morocco's Credit Agricole, ''banks have not developed specific knowledge in financing of this sector, which needs the implementation of custom-made products,'&

Charles Stanley profits drop 37% on euro woes

Charles Stanley, the stockbroking and investment management group, reported pre-tax profits fell 37% to £8.5m for the year ended 31 March 2012.

UK Private Bank taps new non-executive director

During this period, he also held several concurrent roles, which involved overseeing Fidelity’s businesses in Spain, the Nordic Region, the Middle East and Africa, and India. He also spent seven years of his career at Fidelity based in Hong Kong.

UAE-based Wealth Management company opens Switzerland office

Having been in the financial services industry for over 7 years and previously in charge of Geneva for Guardian Wealth Management, Aaron Pacitti is well placed to take on the role of Senior Vice President at Globaleye SARL.

French farce as British expats face a shock £8,000 fine

The French Government is using a stealth ploy to squeeze extra cash from foreigners to help pay off its whopping €1.7 trillion national debt.

Walker Crips profit dips

Net revenue (gross profit) down 2.8% to £14.57 million (2011: £14.99 million)

Wealth managers and stockbrokers are going to have to know their clients better

They are also going to have to “know their clients” better than in the past and demonstrate suitability more rigorously than they may be used to.

New Approach to Portfolio Construction Required, say UK Financial Advisers - study

Against the backdrop of volatile markets, seven in ten advisers (71%) say the majority of their clients are conflicted between pursuing return and protecting capital. Advisers, recognising their clients' anxiety and the need for more durable portfoli

Champagne investors see big bucks in fizz

The British public's thirst for champagne – both to drink and as an investment – has fizzed to record levels, spurred by the Diamond Jubilee and the anticipation of the Olympic Games.

Adviser comparison site launches with IFP and Nucleus backing

VouchedFor.co.uk, today launches its new financial adviser comparison site in conjunction with several founding partners – Institute of Financial Planning, FundsNetwork, Nucleus and Voyant – who will support in rapidly establishing VouchedFor

Only 19% of treasure assets owned by wealthy individuals globally are held for financial motivations, according to new Barclays report

Only 19% of treasure assets - which include items such as precious jewellery, fine art, antique furniture, classic automobiles and precious metals - are held for financial motivations , according to the latest report in the Wealth Insights series from Bar

Swiss Private Bank to buy asset management branch of Banco Santander

The bank stated that it was not buying back Banco Santander’s Swiss entity as it is now.

China's Sovereign Wealth Fund Cuts Europe Exposure

Lou did not detail the extent to which the fund had reduced its European investments, but the paper reported him as saying that CIC had scaled back exposure across public asset markets.

Wealth and Asset Management