07/26/2012
Investec ‘on track for growth’
Although Investec has a strong private banking and wealth management franchise, the economies of some of its key markets such as Europe have been hit by the eurozone crisis.
Wealth and Asset Management
07/26/2012
Bryn Mawr Bank Corporation Reports Second Quarter Net Income Increase of 9.5%
The acquisition increased the Wealth Management Division's assets under management by approximately $1.0 billion.
07/26/2012
Barclays profits up despite interest rate swap scandal
Embattled banking giant Barclays today revealed a potential £450 million bill for mis-selling complex financial products to unwitting small businesses.
07/26/2012
Charles Stanley's revenue drops by £3 million
Investment management firm blames “challenging” market conditions and “entrenched” economic uncertainty for fall in revenue.
07/26/2012
Swiss bank hunts for wealth management deal
The group said it had a war chest of 600 million francs and was looking for deals as it reported better-than-expected results for the first half of 2012.
07/26/2012
RBC completes acquisition of global investor services business
Top 10 global custodian being rebranded RBC Investor Services
07/25/2012
Will wealth managers nimbly respond to changing needs of high-net-worth investors?
Wealth management, an industry long accustomed to steady growth and healthy profits, is now facing significant headwinds — and opportunities.
07/25/2012
Wealth Management Buoys Ameriprise’s Q2 Earnings
Pretax operating margins within the wealth management division increased 11.6% compared to 11.3% a year ago due to cost-cutting that “helped to offset the impact from low interest rates.”
07/25/2012
Hong Kong’s Largest Bullion Vault Signals Rising Asia Wealth
The move in Hong Kong reflects increased demand for gold in Asia even as the commodity struggles to sustain its rally into a 12th year.
07/25/2012
Raymond James 3Q Net Up 63% on Double-Digit Revenue Growth
The investment-banking and wealth-management company had seen its profits decline in recent quarters as market volatility challenged its revenue growth.
07/25/2012
SJP profits rise after record sales quarter
Funds under management of £30.9 billion up 8% since the start of the year
07/25/2012
Rathbone Brothers funds under management grow by 5%
Rathbone Brothers saw its assets under management grow by 5 per cent in the first half of the year, rising to £16.7bn.
07/25/2012
Germany's Oldest Private Bank Calls for Bank Separation
The danger and potential expense posed by an investment bank to a retail bank are just too great, the reformers argue.
07/25/2012
Arbuthnot Latham reports Pre-tax profits increased of £1.4m
Arbuthnot Banking Group has continued with the transformation of its business and has traded strongly in the first half of 2012.
07/25/2012
Advisers with high net worth clients should not ignore liquidity requirements
Cash is king... but shouldn't it also be managed?
07/25/2012
Lloyds' wealth and asset finance arm reports £995m loss
In its wealth, asset finance and international business, which includes the bank's wealth management arm, Lloyds reported a £995 million loss, despite growing its affluent and high net worth customer numbers
07/24/2012
Adviser confidence in global economy has hit a 12 month low - Research
Europe and UK also reported below average confidence in their local economies compared to advisers in Asia who are significantly more confident in their local economies than the global economy.
07/24/2012
Private bankers on call 24/7 – invitation only
“The downside is the bankers assigned to such a service are typically young and eager to progress up the ranks, meaning if they are any good they move on rapidly, and building a personal relationship is difficult. But value for the service is good,&
07/24/2012
Pictet targets tax efficiency to boost Spanish funds business
Pictet Wealth Management says it is able to build market share in Spain because of its ability to manage foreign accounts on behalf of local clients.
07/24/2012
EFG Int core profit up, overhaul nearly complete
Revenue-generating Assets under Management were CHF 76.5 billion, down 4% on a year earlier and down 2% compared to end-2011, primarily reflecting the impact of businesses being exited as a result of EFG International’s business review.