07/07/2013
7IM unveils revamped platform pricing after FCA forces rethink
The company will now charge 25 basis points (bps) as a platform fee for investments in its 7IM funds.
Wealth and Asset Management
07/07/2013
Former Secretary of State joins independent multi-family officey board
He is currently a Visiting Professor at the University of Sheffield (Department of Politics Crick Centre), visiting lecturer and adviser to the London School of Business and Finance and an Academician of the Academy of Social Sciences.
07/07/2013
Vestra Wealth buys out Goldman
Vestra now has 22 partners and controls £3.6 billion in assets under management.
07/07/2013
Ashcourt Rowan opens Exeter office
Wealth management group Ashcourt Rowan has strengthened its presence in south-west England
07/04/2013
UBP to shed 300 jobs after Lloyds unit purchase
Union Bancaire Privee plans to cut around 300 jobs from the international private banking arm of Lloyds Banking Group Plc which it just bought
07/04/2013
Oldest French-Swiss private bank bulks up with merger
The oldest private bank in French-speaking Switzerland to offer a variety of investment funds alongside its traditional wealth management services.
07/04/2013
McManus & Associates Named Finalist for STEP Private Client Awards
The STEP Private Client Awards highlight excellence among private client solicitors/attorneys
07/03/2013
Where Arbuthnot believes the best growth opportunity lies
Arbuthnot Latham expects to receive its full Dubai banking licence next month and is eyeing further international expansion to boost growth.
07/03/2013
TCC responds to Clive Adamson’s speech on the FCA’s approach to supervising wealth management and private banking firms
The FCA will be delving deep into the firms they are supervising to better understand the market and understand fully the end to end process that a customer experiences.
07/03/2013
Wealthy Appetite: HNWIs gobbling up European prime property
Very few agents can go toe to toe with Beauchamp Estates on sheer net-worth-per-client.
07/03/2013
Wealth manager apathy leaves investment trusts ‘vulnerable to corporate raiders’
This lack of demand for the funds’ shares has left them trading on wide discounts to the underlying value of their portfolios,
07/03/2013
Edmond de Rothschild in major restructure
Following news its Paris-based fund selection chief was leaving
07/03/2013
Liontrust reports net inflows of £300m over Q2
Despite a sharp sell-off over the second half of the period Liontrust has reported net inflows of £302 million in the three months
07/03/2013
Seven IM teams up IFAs, accountants and solicitors
Seven Investment Management has started a programme of bringing solicitors, financial planners and accountants together
07/03/2013
Tax relief for charities and donors increased to £4.09bn in 2012/13, HMRC reveals
Figures show that charities claimed £3bn and donors claimed £1.09bn, including £510m from inheritance tax and £40m in payroll giving
07/02/2013
Investec Wealth & Investment’s Ashes 2013 Cycle Challenge team have broken the £100,000 fundraising mark
Over 70 cyclists, including staff from IW&I and their guests, are participating in the ride which will cover all five Ashes Test grounds in five days in mid-July. The target is to raise £200,000 in total.
07/02/2013
2plan Wealth Management post first profit
Keeping on top of overheads and investing in technology, particularly “bespoke” software, had also improved the firm’s financial performance,
07/02/2013
Aberdeen Asset Management pair die in cycle tragedy
The fact that they died in such tragic circumstances while trying to help others less fortunate
07/02/2013
Bonus Limit for Fund Managers Rejected in EU Parliament Vote
The European Parliament narrowly rejected proposals to ban fund managers from receiving bonuses amounting to more than their annual salary
07/02/2013
AWD Chase de Vere profits hit as it braces for Keydata fight
Independent financial adviser Chase de Vere has posted a £11.6m loss for 2012