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

Deutsche Bank earns sag on crisis volatility‎

"The European sovereign debt crisis continues to eigh on investor confidence and client activity across the bank."

Erste Group Bank 1st Half Net Profit Down 13%

Risk costs rose 6.6% from EUR 920.8 million in H1 2011 to EUR 981.8 million in H1 2012, or to 146 basis points of average customer loans.

UK High Streets are on the ropes, but new Harrods owner is able to take £100.5m payout from profits

Qatar’s sovereign wealth fund, which spent £1.5billion buying the Knightsbridge department store in 2010, opened its upmarket tills to hike the annual pay-out 342 per cent following a record year.

Large-cap companies with at least one woman on the board have outperformed their peer group

The study also found that in the middle of the decade when economic growth was relatively robust, there was little difference in share price performance between companies with and companies without women on the board. However, post the 2008 financial cris

Ashcourt Rowan halves losses as restructuring pays off ‎

Wealth management service provider says £400,000 underlying profit has “reversed a trend of deteriorating profitability”.

UK Wealth manager eyes discretionary offering in HNW push

"The discretionary portfolio space may have £500,000 or more. They might want something that takes them in to a different space, [utilising] other instruments that we would never bring into our mainstream portfolios. Read more: http://www.ifao

Fidelity Worldwide makes more moves on board pay

The move is another advance for the growing move to curb excessive pay, as most company incentive schemes allow for shares to be sold after one to three years.

World’s Richest Gain $15.2 Billion as Global Markets Rise

The richest people on the planet added $15.2 billion to their collective net worth this week as global markets rose on speculation that Europe will move to ease borrowing costs in Italy and Spain.

City Asset Management awarded top rating by Defaqto

“Defaqto has based its assessment on a number of key features they know IFAs are concerned about, including accessibility, costs, back office integration capability, tax statements and online access to valuations,” she said.

Passive investing has an active role to play in client portfolio construction - Research

In the past, most advisers have recommended actively managed funds that seek to outperform stock markets through research and careful selection of stocks.

FTSE remuneration chiefs believe pay is too high - survey

The majority of executives who set the remuneration of directors running Britain's top companies believe salaries and bonuses are too high, The Sunday Times reported, citing a survey by management consulting company Hay Group.

Charities manager calls for fresh approach

Mr Maitland has been assisting in that education for the past 16 years, partly via the Compendium of Investment he and his team compile.

Brewin income rises 4.4% in Q3

British investment manager Brewin Dolphin said transition to a fee based charging model boosted streams of recurring revenue while falling trading volumes kept a cap on overall revenue growth in its third quarter.

HSBC Wealth Management revenue falls

HSBC Holdings, Europe's largest bank, said first-half profit rose 10 per cent, lifted by gains on asset sales. Pretax profit rose to $US12.7 billion from $US11.5 billion a year earlier, the London-based bank said in a statement today.

Benefits of social media to the wealth management industry

There are an almost unlimited number of benefits to incorporating social media into your overall marketing/business development strategy.

The Y factor

Generation Ys are apparently best placed to communicate with older patriarchs or matriarchs of family businesses.

Investec ‘on track for growth’

Although Investec has a strong private banking and wealth management franchise, the economies of some of its key markets such as Europe have been hit by the eurozone crisis.

Barclays profits up despite interest rate swap scandal‎

Embattled banking giant Barclays today revealed a potential £450 million bill for mis-selling complex financial products to unwitting small businesses.

Family Office purchases IVG Luxembourg office

The deal represents one of the most important transactions in Luxembourg and so far represents 15% of the total market. Private investors still dominate the Luxembourg office market despite huge demand from institutional investors.

Charles Stanley sees revenue plummet 9%

Investment management firm blames “challenging” market conditions and “entrenched” economic uncertainty for fall in revenue.

Wealth and Asset Management