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

FSA Warns Banks On Bonus Culture

They were also informed that the bonus cuts should go beyond the required evidence of banks clawing back pay awarded to executives and staff involved in mis-selling.

Entire Wealth Management to launch transactional service

Even low-value clients will still need advice post-RDR, IFA argues.

Saxo Wealth commits to hand back fund commissions

The move applies to both trail and platform commissions received from funds’ annual management charges, and head of Saxo Wealth Karsten Henriksen said the change was ‘literally offering clients an extra return on their investments’.

UBS' new adviser pay rewards cross-selling

UBS Wealth Management Americas released its 2013 compensation plan to its financial advisers on Tuesday, announcing changes that will give them incentives to sell a wider range of products and bring in more revenue.

Brewin Dolphin profits up a third as costs drop

Profit before tax £29.9 million (

Krawcheck, possible SEC head, raises Washington image

For six months the former executive at Bank of America and Citigroup has been meeting with lawmakers on both sides of the aisle

Europe’s wealthy firms look to spend on acquisitions in 2013

The corporate landscape in Europe, the middle east and Africa (EMEA) is healthier than people might expect

UBS downsizes German branches , cuts up to 35 staff

UBS is closing four branches in Germany that serve wealthy clients and cutting up to 35 jobs as it seeks to improve profitability.

Wealth firms scramble to lure foreign clients

Wealth managers are rushing to set up tailored services for increasing numbers of foreign millionaires applying for investor visas to stay in the UK, with wealthy Russians leading the surge.

Do You “Like” Your Wealth Manager?

Responding to the startling rise of social media, the majority of leading private banks and wealth managers are improving in deploying certain elements of social media and some platforms but, for the most part, lack effective social media strategies.

Platforms criticised over ‘hybrids’

Rowan Dartington’s Coxell has said platforms focus too much on collective investments.

Saltus buys wealth manager

This is the second acquisition by Saltus in 2012 after the group acquired Midlands-based discretionary fund manager Montague Capital in August 2012.

Meet the wealth management firm of the future

When David Drucker and Joel Bruckenstein wrote a book about technology innovations for advisers in 2002, many readers were skeptical of their recommendations to use email and create a website.

Coutts hires Lord Waldegrave and ex-UBS private equity head

Coutts Adds Two To Board

Japanese bank in talks to buy BofA-Merrill stake in private bank JV

The deal will likely smooth the path for the Tokyo lender

Rothschild parent sees lower wealth revenues

Rothschild, the independent investment bank, reported a 14 percent drop in first half revenue

Norway fund pays Swiss private bank $1 billion for office

The transaction marks the fund’s first property investment in Switzerland

Barclays India to up manpower at wealth management division

British bank Barclays today said it will ramp up its manpower at the wealth management division here by up to 15 per cent this fiscal, even as gloomy economic conditions make the going difficult for its peers.

London & Colonial partners with Cofunds

Traditionally, the group has aimed at higher net worth clients

RBC Wealth Management net income up 16%

Royal Bank of Canada today reported record net income of $7.5 billion for the year ended October 31, 2012, up $1.1 billion or 17% from the prior year.

Wealth and Asset Management