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

Ucis clampdown: what it means for wealth managers

The rules would apply to advisers rather than discretionary managers, while sophisticated investors and high net worth individuals would be exempt from the restrictions.

ABN Amro Q2 profit drops, sees more impairments

Nationalised Dutch bank ABN AMRO on Friday said second-quarter profit fell as loan impairment charges doubled, and warned of further hits this year because of the fragile state of the Dutch economy.

Britain's richest 5% gained most from quantitative easing – Bank of England

Bank report to MPs reveals wealthiest boosted by QE and low base rate, but insists policy spared UK from even deeper slump

Baring's gold hoard larger than that of several countries

Where will your next high net worth clients come from

There can be no doubt that the Retail Distribution Review (RDR) should be seen as a terrific enhancement to the provision of financial advice.

Raymond James assets under management up in July

The Private Client Group continues to perform reasonably well.

RBC Wealth Management appoints Deputy Chair, Head of Global Trust

This appointment follows Michael Lagopoulos’ decision to retire from RBC after 26 years’ service, on 31 October 2012.

Redbourne strikes upon novel novations after network switch

Bromsgrove-based Redbourne Wealth Management has found a charitable solution to the issue of transferring clients after switching networks.

Succession in management reshuffle following £12.5m acquisitions

Succession Group has undertaken a management reshuffle following the £12.5m acquisition of its first five IFA firms.

UBS Seeing Moat Of Secrecy Run Dry Vows Results To Lure Wealthy

There used to be this moat that created a great business model for Swiss banks -- it’s gone,” said Friedman, who was hired into the newly-created CIO position by former UBS Chief Executive Officer Oswald Gruebel in March 2011.

DFMs gain as affluent clients move away from private banks

Bespoke DFM firms are winning business from private banks as high-net-worth clients feel they are being squeezed out in favour of wealthier clients.

Leeds-based law firm launches new wealth management business

A new wealth management business has been spun out

UniCredit's Wealth report: Italy's clients invest short-term

They also opted for a high degree of diversification in their portfolio, in which they mostly included short-term products.

Rise of secret millionaires who never make the rich lists

One of the trivial lessons from the boom is that the so-called rich lists rarely come close to the truth.

Norway's Sovereign Wealth Fund Looks to Add Risk

According to the report, the fund may look to favor shares of smaller companies over those of larger ones, and undervalued stocks over high-growth stocks.

Only one in eight will pay for ongoing advice, survey finds

Its survey of 2,028 people from households with incomes of more than £50,000 found that while 81% would seek financial advice, only one in eight would pay for an ongoing service.

Rothschild appoints new team to UK Wealth Management business

Their experience with ultra high net worth individuals will be extremely valuable in meeting increasing demand for Rothschild’s services from this client segment in particular

National IFA opens Chester office

These advisers were recruited from Barclays Financial Planning in 2011.

Openwork paid nothing for 2Plan acquisition

Openwork, which is 25 per cent owned by Zurich, acquired national IFA 2Plan in July 2011 after announcing the deal in September 2010.

Charles Stanley to boost presence in the North

The national wealth manager has historically been opportunistic in expanding its regional presence, such as when it opened its Liverpool office in August 2010 on the back of acquiring a local employee benefits firm.

Wealth and Asset Management