Managers of Wealth Offshore

Government is right to cap charitable tax relief

Those with sufficient income who gain tax relief by donating to charity also gain the unique privilege of choosing how their tax is spent.

Iveagh scraps Wealth Fund performance fee

The performance fee on the fund was previously set at 10 per cent of returns above the hurdle rate, which was set at three-month USD Libor.

These cities have the most ultra-rich people

There are now 63,000 people worldwide with $100 million or more in assets, according to Ledbury Research, which specialises in monitoring global wealth trends.

Debut Issue of Philanthropy Management: Do Entrepreneurs Make Effective Philanthropists?

For these reasons, Philanthropy Management suggests that wealth consultants and other advisors manage the expectations of entrepreneurs who are making their first serious forays into philanthropy.

South and Southeast Asian start for ambitious Guggenheim UBS MAP Initiative

The Guggenheim’s engagement with the South and Southeast region goes back even further than this programme, including exhibitions from seminal artists Rirkrit Tiravanija and Anish Kapoor.

US subsidiary of leading French bank launches mortgage service for wealthy clients

In addition to the creation of the private mortgage banking team, the bank continues its investments in its wealth management service model and capabilities, including the opening of additional dedicated wealth management client centers.

Hargreaves Lansdown defies volatile markets

Hargreaves Lansdown, the quoted financial adviser, reported a £2.6bn rise in assets under administration to a record £26bn in the three months to the end of March as investor confidence rose slightly despite volatile markets.

Swiss private bank gets banking licence in Hong Kong

They has been operating in Asia for over 25 years

Wealth managers quietly shed jobs

All major Australian wealth groups are believed to be undertaking significant strategic changes following a reduction of fund inflow and poor equity markets.

Special Report: Tax time pushes some Americans to take a hike

Last year, almost 1,800 people followed Superman's lead, renouncing their U.S. citizenship or handing in their Green Cards.

What Rich People Fear Most

Few Americans know what it is like to have one million dollars a year to their name.

Dimon widens gap with JPMorgan bankers as Wall Street pay slides

Dimon, 56, chief executive officer of the New York-based lender, was one of the few bank CEOs who avoided a pay cut for 2011.

Citigroup shareholders reject CEO pay

The shareholder vote, mandated by the "say on pay" legislation under the Dodd-Frank Act, was taken at the firm's annual meeting in Dallas.

BNP Paribas To Move London Wealth Business‎

Ludovic de Montille, UK chairman of BNP Paribas, said: “This long-term real estate strategy has been formulated to serve our needs in London and focusing our operations on these two campuses will allow for future growth, further improve our ability

Wealth management group increases discretionary funds to £3.5bn

As at 31 March, wealth management group Brooks MacDonald’s discretionary funds under management stood at £3.5bn, a significant increase over the first three months of the year haven risen from £3.2bn at the end of 2011.

International wealth management group recruits new MD from Noor Takaful

He joins from Noor Takaful where he headed Bancatakaful/ Bancassurance and Institutional Sales

Banks plot to sue EU over bonuses

Banks have hired lawyers to look into suing the EU if Brussels imposes new restrictions on bonuses that they say would wreck their businesses, City A.M. has learned.

State Street hit by rising cost of employees

STATE Street said yesterday that first-quarter profit fell 11 per cent as compensation and other employee benefits surged at nearly three times the pace of operating revenue.

EU to consider capping bankers' bonuses

The Financial Times reported that European parliamentarians are set to include the caps in its latest bank capital rules.

Credit Suisse managers won't vote on compensation

Chief Executive Officer Brady Dougan’s compensation was cut 55 percent in 2011 to 5.82 million francs ($6.3 million).

Wealth and Asset Management