11/20/2012
FSA research: Only 12% of IFAs to go restricted
Only 1 per cent of restricted advisers say they are likely to offer independent advice
Wealth and Asset Management
11/20/2012
Intesa Sanpaolo Private Banking posts 62.4% net profits increase
At the end of the third quarter, Intesa Sanpaolo Private Banking confirmed €99.6m net profits
11/19/2012
Old Mutual Wealth Targets Over GBP300 Million Pre-Tax Profit in 2015
Old Mutual will take a net GBP15 million operating charge in 2012 for closing to new business
11/19/2012
Managers of wealth need to be nimble
“The difference between this year and last is that geopolitical concerns have moved centre stage,” says Jane Fraser, head of global private banking at Citigroup, the US bank.
11/19/2012
Credit Suisse to Restructure Wealth Management Unit
Credit Suisse today announced changes in its organizational structure and to its Executive Board effective November 30, 2012.
11/19/2012
Clydesdale board pay slashed after bank’s first ever loss
BOARDROOM pay at Clydesdale Bank has more than halved in the past year after it axed executives’ bonuses in the wake of its first annual loss.
11/19/2012
Growing regulatory costs send Apcims into the red
Revenues and cash were flat on the year and Apcims has pledged to only raise its membership fees in line with inflation.
11/19/2012
MPA Financial Management sign strategic outsourcing investment partnership with London & Capital
London & Capital has entered into a partnership agreement with Warwickshire-based financial planning firm, ‘MPA Financial Management’, to provide a comprehensive range of outsourced, discretionary managed investment solutions.
11/19/2012
Liontrust’s Cross and Fosh pour millions more into Brooks Macdonald
The transaction took place on 19 November and was worth around £4 million based on yesterday’s closing price of £12.25.
11/19/2012
Whitechurch brings portfolios to IFA community
Company to bring two existing equity strategies to the IFA market.
11/18/2012
Spain's Bankia cuts back private banking business
The lender expects to complete the integration by 2013
11/18/2012
Northern Trust develops new reporting solution
Northern Trust Integro Helps Clients Increase Transparency into Portfolio Holdings
11/18/2012
Lord North Street to open office in Switzerland
Swiss Private Investment Office is further step in international expansion
11/18/2012
St James's Place drops GAM's Green and THSP in global equity overhaul
The two firms being brought on board are Magellan Asset Management, based in Australia, and Edgepoint, based in Canada.
11/18/2012
Denmark's biggest bank to target private clients in Ireland
The bank has completed a significant restructure of its Irish business from a traditional retail bank to a specialised bank focussing on corporate and private clients
11/15/2012
RBS Seeks Coutts Deal With London 2012 Boss
Taxpayer-backed bank's chairman seeks out-of-court deal with Air Miles tycoon on Coutts mis-selling allegations, Sky News learns.
11/15/2012
Barclays Wealth unveils post-RDR advice charges
Barclays Wealth has revealed its post-RDR charging structure with a new rate card for advisory clients.
11/15/2012
ABN AMRO warns bad loans, bank tax to hurt Q4 earnings
The year-to-date underlying net profit, which excludes separation and integration-related expenses, rose 22%
11/14/2012
Sesame expands executive team
This includes the launch of a new wealth management proposition, its restricted advice service and new mortgage-related services.
11/14/2012
International funds manager to acquire portfolio of businesses in wealth management
The company has announced that it has commenced due diligence on the acquisition of a portfolio of businesses in wealth management