Managers of Wealth Offshore

Brooks Macdonald hits £3 billion

Brooks Macdonald saw discretionary assets under management jump by 11% in the final quarter of 2011 and pass the £3 billion mark.

Gorman Said to Get 25% Pay Cut as Dimon Remains at $23 Million

Dimon’s pay package last year consisted of $1 million in salary, a $5 million cash bonus and $17 million in stock and options. JPMorgan increased his salary in March to $1.5 million.

Barclays Wealth hires Rothschild UK investment head ‎

He joins from Rothschild Private Management, where from 2009 he was Head of UK Portfolio Management and sat on the Global Asset Allocation Committee.

Morgan Stanley nears British wealth management unit sale

Morgan Stanley is close to selling a British wealth management unit to private equity firm...

Oxfam moves into fund world

The Small Enterprise Impact Investment Fund is a joint initiative between Oxfam GB and Symbiotics, a Swiss microfinance specialist.

Rémy Cointreau in high spirits

The third quarter (from October to Christmas) was the French group’s strongest so far this financial year, with turnover increasing by a remarkable 30.5%, which sharply exceeded the group’s own forecasts.

Aberdeen's AUM rise despite net outflows‎

£7.8 billion of new business won in the quarter

Social Media in Wealth Management: The Evolving Role of Social Tools for Superior Customer Experience

The crisis of 2008 and the economic recession following it affected the perception investors have about wealth managers and financial services providers, leading to lower levels of trust. Therefore firms have to be more proactive and dynamic with their cu

Major wealth group’s profits plummet 37pc

The Global Wealth Management Group reported $244 million in pre-tax income for the fourth quarter, down 37% from the $390 million the firm earned in the fourth quarter of 2010. At the same time, its pre-tax income of $1.3 billion for all of 2011 represent

Weiser Capital rebrands

The new title will establish consistent firm branding and name recognition across all global platforms.

Wealth firms wrestle to raise profile in regulatory waters

Wealth managers’ margins are under pressure like never before, with increased demands from regulation, the rush to platforms and market gloom all eating into profits.

Close Brothers reports asset management loss

Tough times are continuing at the Securities division of merchant banking group Close Brothers, but the Banking division continues to do well, with good growth in the loan book.

Being international isn't sexy anymore for Citi

Citigroup has a world of problems...

Enness Private Clients launches high net worth referral service

The service is aimed at advisers who have clients seeking large loans but may be unable to secure them through mainstream lenders.

Abu Dhabi fund backs UniCredit

The share sale, known as a rights issue, is being watched as a barometer of investors' willingness to recapitalize Europe's troubled banking sector.

NZ's Kiwibank buys rival to boost wealth management

Kiwibank did not disclose the acquisition price, but said GMI has more than NZ$1.5 billion ($1.2 billion) under management from more than 57,000 customers.

How Would Millionaires Fix the Economy?

Fully 40% said that if their taxes were increased, they would change their investment strategy. One in four said they would reduce their charitable giving.

Barclays Wealth Trustees names US president

He will be responsible for managing the trust company as it continues to grow.

Porte Brown Wealth Management Wins Top Awards for 2011

This year, 1st Global partner firms were inspired to discover their next act by world-class speakers. Michael E. Gerber, author of multiple E-Myth books, challenged everyone to start working ON their business not simply IN it. Diana Nyad spoke of her dete

Millionaires Want to Give Back Despite Economic Headwinds

The survey shows that almost one in four millionaires (24%) donated between $25,000 and $999,000 in 2010, up from 12% in 2008. It also shows that 21% plan to increase their spending, while 46% plan no change and 22% intend to cut back.

Wealth and Asset Management