03/09/2012
Boris warns Coalition on London wealth tax
Business Secretary Vince Cable yesterday went public on Coalition talks on ditching the 50p top rate of tax and replacing it with new wealth levies.
Wealth and Asset Management
03/09/2012
4% of world's billionaires in India
Mr Slim retained his title as the world’s richest man for the third year in a row. In the second spot is Microsoft founder Gates with a $ 61 billion networth followed by American investment giant and philanthropist Buffet whose networth is $44 billi
03/09/2012
Schroders prepares for board shake-up
“This will remain a very volatile environment,” said Michael Dobson, chief executive. However, he said investor sentiment had improved in the past two months and that Schroders had enjoyed net inflows of retail funds this year.
03/09/2012
Skandia UK announces net client cash flow of £1.8 billion during 2011
Skandia UK, part of Old Mutual Wealth Management, saw positive net client cash flow (net sales) of £1.8 billion during 2011, driven by continued demand for its Skandia Investment Solutions platform.
03/09/2012
ABN Amro hit by 880m euros Greek losses
The losses incurred by its exposure to Greece were in the form of corporate loans guaranteed by the Greek government and not direct loans to the government in Athens itself.
03/09/2012
Skandia International launches new wealth management service
Skandia International, the offshore business of Old Mutual Wealth Management, is responding to the UK's Retail Distribution Review by investing £21m to roll out Wealth Interactive.
03/08/2012
Take taxpayer stakes in RBS and Lloyds and create a wealth fund
The problem is that to achieve Mr Cable's aims could well be highly value destructive and mean the taxpayer has very little chance of getting back much of the £45.5bn directly injected into the bank to rescue it.
03/08/2012
EFG International sells remaining interest in MBAM
The transaction is expected to complete in the second quarter of 2012.
03/08/2012
Societe Generale appoints new private banking head
He joins the Executive Committee of the Private Banking, Asset Management & Securities Services division and reports to Jacques Ripoll, Head of the division.
03/08/2012
Forbes World's Billionaires 2012
The big story this year is churn.
03/08/2012
Chief Executive Women & ANZ partner to boost more women into leadership roles
Chief Executive Women (CEW) and ANZ today announced a new partnership to facilitate more Australian women into leadership positions in business, government and the not-for-profit sectors.
03/08/2012
Van Lanschot net profits fall
Turbulent market conditions, fewer investment transactions by clients and lower interest margin impacted results
03/08/2012
Managed Portfolios at independent wealth manager available via True Potential
The firm confirmed today that the full range of ten risk-graded Growth Portfolios and its two Income Portfolios are now available via True Potential.
03/08/2012
Asia-Pacific Region Overtakes Europe with 3.3 Million High Net Worth Individuals-Research
New report from VRL shows that Asia is now second only to North America in the number of High Net Worth Individuals, and rising by a conservative ten percent year on year.
03/08/2012
RBC joins Catalyst in calling for more women as board directors
RBC today joined Catalyst in making a public challenge to corporate Canada to increase their recognition of successful women by naming more of them as directors to their boards.
03/08/2012
Schroders' client flows stay positive
In full year earnings for 2011 released on Thursday, Schroders said total net inflows were 3.2 billion pounds ($5 billion) with a 6.8 billion pounds net gain in institutional money outpacing a net outflow of 3.8 billion pounds of retail client money.
03/08/2012
Wealth-X Announces the Definitive Billionaire List Over 2,400 Individuals
Tops Forbes Global Count Billionaire Count by Double
03/08/2012
Stockbroker buys Bloxham's private client arm
The business comprises assets under management of €540 million
03/07/2012
Seamark gets former key players back with LeeSide acquisition
SEAMARK is the institutional and high net worth operating subsidiary of Matrix Asset Management Inc., a diversified Canadian asset management company.
03/07/2012
Banks target region's wealthy (that's where the money is)
JPMorgan Chase launched its Chase Private Client service in Washington on Friday, starting in seven branches and aiming for 40 by the end of the year.