04/27/2012
AXA Wealth teams up with Brooks Macdonald
AXA Wealth’s platform, Elevate, and discretionary manager Brooks Macdonald Asset Management can now offer advisers risk-profiled portfolios ahead of the Retail Distribution Review (RDR).
Wealth and Asset Management
04/26/2012
Two US-based fee-only wealth firms to unite ops
The deal, expected to close on June 30, would be one of the biggest mergers in the registered investment advisory sector, which caters to the fee-based, rather than commission-based, side of the wealth management industry.
04/26/2012
Former UBS Executive Forms Private-Equity Firm
Rasmussen, 46, also a former CEO of Royal Bank of Canada (RY)’s RBC Direct Investing business, will be chairman of the new company, he said in an interview today.
04/26/2012
Know Your Worth Series: How much are UAE bankers paid
Despite the changed scenario and the difficult times that banks have been through, there are opportunities in the sector if you are a looking for a job, or plan to change roles.
04/26/2012
Departing FSA boss Hector Sants attacks overpaid and incompetent finance bosses
Speaking yesterday to an audience that included some of the City’s most powerful bankers and insurers, Sants said executives needed to start showing integrity, rather than be ruled by greed.
04/26/2012
JPMorgan exec pay endorsed by advisory firm
The recommendation reduces the chances that shareholders will rebuke bank officials over pay as happened last week in an advisory vote at the annual meeting of Citigroup Inc.
04/26/2012
Lloyds TSB Int’l woos Britain’s wealthy nomads
A central finding of all this research suggests that the current strategy of Lloyds TSB International, to expand its range of products and services targeted at Brits abroad, is practically a no-brainer.
04/26/2012
Noah Files its Annual Report on Form 20-F
The annual report can be accessed on Noah's investor relations website at http://ir.noahwm.com/ .
04/26/2012
BPFH reports Q1 results
On a year-over-year basis, GAAP Net Income Attributable to the Company increased from a GAAP net loss of $149 thousand in the first quarter of 2011. Earnings per share increased from a per share loss of $0.01 for the first quarter of 2011.
04/26/2012
Barclays' investment bank helps profits to £2.45bn
Barclays reported a better-than expected 22pc rise in first quarter profits, with stronger performance in investment banking offsetting an increased provisions for insurance misselling.
04/26/2012
Deutsche Bank profits hit amid debt crisis
The bank said although the business environment was "more stable" than at the end of last year, it was "far less favourable" than a year earlier.
04/26/2012
BME incurs loss year-on-year
Quarterly results have been conditioned by a lower equity and derivatives volumes context, based on the general economic environment, regulatory limitations on trading, and an average general price correction. Nevertheless, the diversification of the busi
04/25/2012
France’s Carmignac Gestion opens its London office
It hopes that its establishment in the UK will enhance relationships with wealth managers, family offices, private banks, IFAs and institutional clients.
04/25/2012
Apcims: when firms can retain ‘independent’ label
It added that such a move would result in a ‘significant’ increase in the number of Apcims firms that can offer independent advice.
04/25/2012
Williams de Broë eyes Midlands RDR opportunity
Quin said the business was always looking for new partnerships, although he stressed that the adviser quality had to be right, and the firm’s concentration of IFAs was comparatively small.
04/25/2012
Non-resident South Asian millionaires' wealth management market size to see robust growth by 2016: report
During the review period (2007-2011), the value of the worldwide wealth management market for NRI millionaires rose at a compound annual growth rate (CAGR) of 9.4%.
04/25/2012
Canadian Wealth Management announces new partnership
The alliance will help Cardinal Point Wealth Management increase their footprint in California
04/25/2012
Barclays' Wealth Division Adds Managing Director In London
He joins from Citi Private Bank
04/25/2012
Top Dubai lender ENBD's Q1 profit beats forecasts
Emirates NBD, Dubai's largest bank by market value, reported a forecast-beating first-quarter net profit as a near 50-percent rise in non-interest income and lower impairments boosted profitability.
04/25/2012
Bank of Singapore becomes first Private Bank that can train and assess private bankers
The Programme aims to equip Bank of Singapore private bankers with the relevant skill sets and qualifications to uphold the highest standards in delivery of client-centric advice and consistent client experience.