03/26/2014
LGT Group posts good business performance in 2013
With a tier 1 capital ratio of 21.3%, LGT is very well capitalized. LGT is confident about its business performance in the current year.
Wealth and Asset Management
03/26/2014
Psigma targets Barclays Wealth's 'lighter touch' sub £500,000 clients
Psigma Investment Management has made a play for Barclays Wealth clients with less than £500,000, after the bank itself scrapped its bespoke service for lower net worth clients.
03/26/2014
Eric Syz Acquires Co-Founder Stakes in His Geneva Private Bank
Eric Syz, the majority owner of Banque Syz & Co., acquired the shares of his two co-founders, Alfredo Piacentini and Paolo Luban, and told staff he has no intention to sell the Geneva-based firm.
03/25/2014
Award winning wealth manager expands portfolio management team with two senior hires
These key appointments demonstrate our continued efforts towards strengthening and growing our private client services.
03/25/2014
IFP loses out to Shropshire IFA in NS&I jackpot bid
The Institute of Financial Planning has failed in its bid to supply planners to £1 million premium bond winners after losing out to a firm of four advisers based in Shropshire.
03/25/2014
Punter Southall forms strategic pact with Kent-based wealth firm
PSG group managing director Kenneth McKelvey will join the board of AFG, which will continue to operate independently under the leadership of chief executive David Taplin.
03/25/2014
F&C shareholders agree BMO takeover
Shareholders in F&C Asset Management have given the go-ahead for Canadian financial conglomerate BMO to buy the fund manager.
03/25/2014
F&C: responsible investment ‘continues to gather momentum’
Responsible investment “continues to gather momentum globally”, driven by investor values, risk management and the introduction of stronger codes and standards.
03/24/2014
British life insurance and pensions group in advanced talks to buy rival asset management unit
It is in "exclusive and advanced" talks to buy rival
03/24/2014
Credit Suisse Eyes 500 Private Bank Job Cuts
"Credit Suisse has been working on efficiency measures for some time," said a Credit Suisse spokesperson to Reuters, without confirming the report.
03/24/2014
Miton's AUM surge 73.5% on back of PSigma acquisition
Miton Group saw assets under management surge by 73.5% to £3.1 billion in 2013 on the back of its acquisition of PSigma.
03/23/2014
Asset managers could win big in UK pension overhaul
UK retirees will no longer be compelled to convert their retirement savings into an annuity contract.
03/23/2014
Wealth management companies merge
Pinnacle Private Wealth, a Woburn-based firm which provides customized wealth strategies for businesses and individuals, has merged with Wachusett Wealth Management of Leominster.
03/23/2014
Standard Life in advanced talks to buy Phoenix asset management unit
British life insurance and pensions group Standard Life has announced it is in "exclusive and advanced" talks to buy rival Phoenix Group Holdings' Ignis Asset Management.
03/21/2014
Wealth managers may dictate terms
Investment trusts chasing places in model portfolios may need an overhaul in order to meet wealth managers’ expectations of size and liquidity
03/21/2014
Four UK Charities to Receive Pro Bono Advice from Morgan Stanley’s Strategy Challenge
Morgan Stanley today announced that four UK-based charitable organisations will benefit from the Firm’s first UK Strategy Challenge.
03/21/2014
Four UK Charities to Receive Pro Bono Advice from Morgan Stanley’s Strategy Challenge
The Strategy Challenge is Morgan Stanley’s signature skills-based volunteer program, which provides non-profit organisations with pro bono strategic consulting.
03/21/2014
Investec CEO signals recruitment drive for UK wealth arm
‘We are selectively recruiting investment professionals to try to capture flows
03/21/2014
Sanlam launches joint venture professional connections firm
Sanlam Private Investments (SPI) has created a new company to which professional connections can outsource their clients’ wealth management through a joint venture approach.
03/21/2014
Ex-UBS equities head to set up African venture
A former UBS executive who co-led the bank's equities team at the time of its 2011 rogue trading scandal, is to set up a brokerage and advisory business focusing on Africa.