Managers of Wealth Offshore

Turkey’s private bankers tap dynamic entrepreneurial culture

The country’s entrepreneurs are increasingly drawing on private bankers’ skills as they seek out new sources of income and ways to pass on wealth to younger family members.

Wealth managers' top fund picks for 2013

The year ahead is set to be as tumultuous as the past few years as the eurozone continues to navigate its way out of a debt crisis, the BoE welcomes a new governor and the US tackles the fallout of the fiscal cliff.

Veteran broker departures shift $133 billion client assets in 2012

Unprecedented signing bonuses, cultural changes linked to acquisitions, a push to cross-sell company products, and a growing charm of joining regional outfits contributed to many of these exits which are likely to continue this year, recruiters and broke

Clarion splits business into wealth and investment arms

All independent financial advice previously provided by Clarion will be provided by Clarion Wealth Planning. Discretionary investment management services will now be supplied by Clarion Investment Management.

Saltus cuts AMC on multi-asset range

The change has come into effect immediately and follows a rush of investment managers moving to streamline their retail and institutional share classes in time for the retail distribution review.

Billionaires Gave Less To Charity In 2012

While billionaires may have eased up on their giving in 2012, it looks like they’ll be digging a little deeper into their pockets in the coming year.

Failed wealth fund raises mainland alarm over banks

Collapse of product sold by Huaxia Bank branch exposes lax management and supervision of outlets on the mainland.

Credit Suisse plans new asset-backed bonus scheme

Full details to be announced internally later in January

Private Wealth: U.S. Up, Asia Down

The report’s authors blame the set-back on poor equity performance, particularly in Japan, China and India.

Largest IFA firms emerge restricted in post-RDR dawn

Move to restricted among larger firms contrasts sharply with survey figures for wider IFA sector.

Hiring Priorities at Financial Firms Favor Wealth Managers

Recruitment trends on Wall Street reflect a new emphasis on compliance and wealth management ...

AXA Wealth: Ready for RDR across entire proposition

Its final milestone was reached on December 31, when its specialist Family Suntrust family SIPP went live as an RDR-ready retirement solution

Oldest private Swiss bank to close after guilty plea

The plea, in U.S. District Court in Manhattan, marks the death knell for one of Switzerland's most storied banks, whose original European clients pre-date the American Revolution.

The rich got richer again, according to billionaire index

Last year was a great one for the world’s billionaires

OCM Wealth Management launches DFM platform

Platform Plus is part of OCM Wealth Management’s IFA brand ‘Daedalus’

London & Capital achieves 33% AUM growth in 2012

Growth for the 26 year old firm has been achieved through a 66% increase in AUM from US clients domiciled in the UK

RBC leads Canada’s banks as takeovers hit 5-year high

Royal Bank’s RBC Capital Markets unit worked on 102 acquisitions valued at $69.6 billion in 2012

Evercore completes acquisition San Francisco-based wealth management firm

Terms of the deal, first announced in early November, were not released.

How Fleming Family's wealth arm will help it defy industry's woes

The firm has had a busy year, undergoing two acquisitions, key hires and a programme of change, and as it previously lamented, 2012 turned out to be a 'difficult' year as markets remained volatile.

FSA approves Succession platform

The money will be invested on a platform

Wealth and Asset Management