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

European markets fall in last full trading day of 2024

The pan-European Stoxx 600 index was around 0.5% lower at 1:32 p.m. London time, with most sectors in negative territory.

Zinsify Launches: A New Era of Secure Banking Products by SMBC Bank EU AG

This new offering aims to empower consumers by providing reliable and straightforward banking products.

BNP Paribas enters deal to acquire AXAInvestment Managers

The merger is set to create a ‘leading’ asset manager in Europe with €1.5tn in assets under management.

Equity and money market funds’ demand grew in Q3 2024

China led the pack with €84 billion in net sales, followed by the US with €62 billion and Ireland with €42 billion.

Greater demand for hyper-personalised advice expected

This means using technology to tailor services to the individual client, which could also prove commercially advantageous to the business.

FTSE falters as UK economy stalls, Direct Line accepts Aviva bid

The FTSE 100 has crept up ever so slightly as the latest GDP figures showed the UK economy stagnated in the third quarter, marking a blow for the Labour government.

TILLIT removes Ninety One and Janus Henderson funds from platform

While mergers do not automatically lead to removal, the significant shift in investment strategy and geographic focus triggered a review by our Fund Selection Team.

Natixis reshuffles investment management business

Natixis Investment Management will take a 51% share in Vega IS capital, currently entirely held by Natixis Wealth Management.

Parmenion breaks into open banking services via Natwest tie-up

With the help of their adviser, clients will be able to make top-up payments directly from their bank accounts.

Fast-tracked business exits, skills shortages and increased complexity trigger business outsourcing boom

Business owners plan to increase their use of outsourcing services over the next year, according to research* carried out by Evelyn Partners.

The dramatically changing face of the portfolio construction

Financial advisers building client portfolios, or acting as de facto PMs

Spain Hires Bank of America for CaixaBank Trading Plan

Spain has trailed other European countries over the past two years in selling down stakes in the banking sector held since the financial crisis.

T. Rowe Price to adopt ‘sustainability impact’ label for two funds

The two funds are the T. Rowe Price OEIC Global Impact Credit and T. Rowe Price OEIC Global Impact Equity funds.

Preply's European headquarters moves to "B97" in Barcelona

This was announced by Commerz Real, whose real estate fund hausInvest owns the office complex at Calle Badajoz 97.

Fifth of advisers use AI transcription services for client meetings

The practice of using AI at meetings saves businesses time and may improve both accuracy and readability for clients.

Cromwell EREIT enters into new loan to refinance debt

The REIT will repay a loan for three office assets in the Netherlands.

Industry reacts to ‘postponement’ of UK retirement adequacy review

It had been hoped the review would set a clear timetable for scaling up contributions

Supporting a German insurance broker’s expansion into Switzerland

One of our trusted business partners was engaged to assist the client in establishing the Swiss branch

Over half of Pension Credit claims denied as 21st deadline for winter fuel payment looms

Those who are eligible would not only benefit by regaining the winter fuel payment, worth either £200 or £300 depending on age, but they would also receive pension credit to top up their income.

Surrey-based firm enters default over pensions advice

An increase in decisions means it also expects to pay out around £10mn in compensation this year

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