02/05/2013
Gen Y Advisors Unhappy with Independence
Younger Advisors Less Satisfied with Independent Track - RESEARCH
Wealth and Asset Management
02/05/2013
Heartwood Wealth gets new owner
“Handelsbanken is steadily growing and maturing in the UK, particularly amongst customers with high requirements for qualified asset management. This acquisition makes it possible for us to widen our offering to current and future customers,”
02/05/2013
Hargreaves Lansdown profit up 30%, lifts dividend
Operating profit GBP92.1 million
02/05/2013
Bankers flock to Dubai once again as reality bites in the West
As the local UAE economy grows and job opportunities increase as compared to other markets in the world
02/05/2013
Sanlam targets wealth acquisitions as it sheds Punter stake
Sanlam UK has sold its 21.6 per cent stake in actuarial consultants Punter Southall Group
02/05/2013
J.P. Morgan cuts investment bank bonuses
Executives in asset management will get an average increase of 6% in salary and bonuses
02/05/2013
Barclays Wealth opens Beverly Hills office
Barclays Continues to Expand its Wealth and Investment Management Presence in the U.S. With the Opening of its Beverly Hills Office
02/04/2013
Baring Swiss Bank for Rich Athletes Buys Asset Manager Coges
“We share the same values and ethics.”
02/04/2013
JPMorgan Joins Rental Rush For Wealthy Clients: Mortgages
The firm’s unit that caters to individuals and families with more than $5 million, put client money in a partnership that bought more than 5,000 single family homes to rent.
02/04/2013
Who Says Wealth Doesn't Buy Happiness? The Wealthy Do
The Spectrem study adds to a growing field of research on wealth and happiness.
02/04/2013
Vistra Acquires Althea
Vistra now employs over 60 staff across its Geneva, Zurich and Zug offices.
02/04/2013
UBS overhaul bearing fruit despite hefty quarterly loss
Wealth management businesses’ full-year net new money up CHF 11.3 billion to CHF 46.9 billion
02/04/2013
UBS to buy back 5 billion Swiss francs in senior debt after revamp
The tender offer period relating to euro and Italian lira denominated securities will end on 19 February 2013.
02/04/2013
Wells Fargo Targets Mideast Wealth Funds in Dubai Expansion
Wells Fargo & Co., the U.S. bank that counts billionaire Warren Buffett’s company as its largest shareholder, is targeting Persian Gulf sovereign-wealth funds as it seeks to expand its client base in the Middle East.
02/04/2013
Wealth tax removal sees sharp rise in Swedish repatriations
The tax was removed by the governing coalition in 2007
02/04/2013
Pictet, Lombard Odier both set to switch structure to corporate partnerships
Both Pictet and Lombard Odier have announced they are to change their legal structures to corporate partnerships or "société en commandite par actions de droit suisse".
02/03/2013
Quilter Cheviot in search for new premises
NEWLY merged fund management firm Quilter Cheviot is searching for larger office space in Liverpool
02/03/2013
Schroders launches multi-asset Wealth Preservation fund
Schroders has announced the launch of Schroder ISF Wealth Preservation USD, a new fund which will offer investors a simple-to-understand, flexible investment vehicle which aims to preserve and grow savings under all economic conditions.
02/03/2013
Julius Baer profits jump 15%
Assets under management (AuM) increased by 11% to a new record high of CHF 189 billion.
02/03/2013
Thai banks lure Asia's wealthy
As global growth has been shifting from Europe and North America to Asia, the number of wealthy Asians has been rising