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The Deloitte International Wealth Management Centre Ranking 2024

Seismic waves impacting leading financial centres

BlackRock, Aviva win multi-asset flows as investors brace for CGT shake-up

September marked the first month since January that multi-asset funds in the UK posted net inflows

26% of European asset managers fail to disclose Waci

This provides a crucial benchmark for evaluating the carbon intensity of investment portfolios and the transition risks carbon-heavy sectors pose.

Ravenscroft announces sale of wealth management business

The corporate finance and property management businesses of the wider Ravenscroft group are not included in the transaction, which follows Titan’s acquisition of Ravenscroft’s UK investment management business last year.

Pimfa: Buying Apfa was 'stupid' as it was 'totally defunct'

Former Apfa board members Gary Bottriell and Lord Deben were elected to the merged trade association’s board as member and chairperson, respectively, and are still in position.

Blackstone partners with UBS for semi-liquid PE fund distribution

The alts giant partners with the Swiss firm to distribute its private equity fund targeting wealthy investors.

Deutsche Bank reports third-quarter 2024 profit before tax of € 2.3 billion

Post-tax profit was € 1.7 billion, up 39% year on year, or € 1.3 billion excluding the Postbank litigation release, up 8%, compared to post-tax profit of € 1.2 billion in the prior year quarter.

Handelsbanken’s Interim Report January – September 2024

During the quarter, the Bank’s market shares of the net inflows to its funds in Sweden and Norway were twice the size of its market shares of outstanding fund volumes.

Evelyn Partners Group Limited third quarter trading update for the three months ended 30 September 2024

The period saw assets under management rise to a record high of £62.7 billion and operating income increase 11.1% compared to the same quarter last year.

JTC Named Top Trust Company in 2024 EprivateClient List

Within each category, firms are then further divided into three tiers to reflect each organisation’s size, quality of service, any recent M&A activity and overall performance.

Switzerland close to number one for international wealth management

This equates to around 21 percent of assets under cross-border management worldwide.

Asset managers face tough decade, say CEOs

Pierri said disruption in geopolitics pointed to lower growth and there would be a degree of structural inflation, too.

Fairstone acquires Lawson Wealth Management

By acquiring Forbes Lawson Wealth Management, Fairstone expands its presence in Scotland.

Global Gate AM debuts triple fund range

Global Gate Asset Management has opened three new in-house funds to the public.

WEXIT: Wealthy Brits Exit UK for EU Ahead of Budget

It is also worth noting that most of the companies on the FTSE 100 were started by individuals who went on to become centi-millionaires.

HSBC splits off UK and pins hopes on wealth in overhaul

HSBC's new CEO Georges Elhedery is overhauling the bank's structure, with the UK forming a core pillar.

How RBC Brewin Dolphin’s £7.5bn MPS edged ahead of the pack

Successful use of in-house multi-manager funds and well-timed shifts in asset allocation have helped offset weaker performance from sustainable model portfolios.

SJP drops Impax from underperforming £9.9bn fund

The loss represents a £774m drop in assets for the sustainable-focused investment manager.

Groupama AM acquires Inocap Gestion

Groupama Asset Management is accelerating its growth in the IFA market.

New Rumors Surrounding VP Bank

This positions us well for the second half of our strategy, where we will accelerate profitable growth, building on an open wealth-capable IT platform, a regional target organization, and improved risk management.

Wealth and Asset Management