01/21/2013
Ongoing adviser fees averaging at 0.6%: FundsNetwork
Platform sees 10,000 clients set up on fee service since its launch in October.
Wealth and Asset Management
01/21/2013
Swiss Banks Vie for Declared American Assets Amid Probe
UBS expects to report assets at its Securities and Exchange Commission-registered business rose 20 percent to $4.6 billion last year
01/21/2013
How do you impress someone who can afford almost anything?
Private banking's new play: schmoozing with a dynasty
01/20/2013
MS Wealth Management vaults past margin target
Unit ahead of schedule, records 17% pretax margin in Q4; 'let's not get too wound up'
01/20/2013
SSgA's AUM climbs 13% in 2012; ETFs up 38%
Also Friday, State Street announced it was cutting 630 jobs, or 2% of its workforce, this year “to capture further efficiencies and cost savings.”
01/20/2013
Malaysian sovereign wealth fund reports record gains, acquisition
It was said the increase reflected the success of the firm's investment strategy.
01/20/2013
L&T Finance in talks to buy Morgan Stanley's wealth business
Deal may be finalised in a month
01/17/2013
Chinese Millionaires Say Wealth Leads To Unhappiness
Chinese millionaires don’t sleep that much
01/17/2013
Old Mutual Wealth chief sets out distribution plans
Chief executive describes them as “strategic partnerships”.
01/17/2013
Raymond James’ Pay Grid Gets Long-Awaited Facelift
Introduced a new product-neutral pay grid as the firm looks to stay competitive with industry standards.
01/16/2013
Christopher Weil & Company Launches IMA Partner Professionals to Expand Expertise and Offerings
“We have always been committed to being more than just a typical wealth management firm.”
01/16/2013
Aberdeen Asset Management raises AuM and new business
Assets under management of £193.4 billion at 31 December 2012 were 3% higher than at 30 September 2012.
01/16/2013
Citi Falls Short on Earnings; Blames New Regulations
Fourth Quarter Results Included $1.3 Billion of Legal and Related Expenses
01/15/2013
Billions in bankers' bonuses could be delayed until April when top rate of tax is cut
City firms planning to defer bonus payments until after top 50p tax rate drops to 45p
01/15/2013
China sovereign wealth fund may cut US debt holdings
“From a long-term perspective, it is not a good investment target.”
01/15/2013
Bendigo Wealth ahead of targets
Bendigo Wealth Management is ahead of its three-year targets, as the company continues to look for expansion.
01/15/2013
UBS launches China unit, eyes wealth management business
"It is UBS's plan to be one of the leading wealth management providers in China and the subsidiary bank is critical to realize this goal", the statement added.
01/15/2013
Arbuthnot Banking in line with market expectations
Arbuthnot Latham took advantage of the prevailing market conditions by hiring a number of executives in the fourth quarter, who will help the business to focus on growing its wealth management franchise for customers based both here in the UK and internat
01/15/2013
CNB Bank names new VP of wealth and asset management division
CNB Bank, which provides trust and asset management services
01/14/2013
Wealthy buyers brush off UK's new taxes
Many super-prime homes are owned by shell companies set up in tax havens such as the Cayman Islands to avoid transaction levies and to remain anonymous.