07/24/2013
Brooks Macdonald warns on future margins as assets jump 45%
In a trading update for the year to 30 June, the firm reveals discretionary funds have reached £5.11bn - up from £3.52bn reported for the previous 12 months.
Wealth and Asset Management
07/24/2013
Statement from the Swiss Bankers Association regarding payments and disclosures under the agreements with the UK and Austria
Both the UK and Austria have received either direct payments or information.
07/24/2013
London & Capital opens service for US resident non-doms and Green Card holders
London & Capital today launches a new service, enabling US resident non-doms and Green Card holders to open a US domestic investment account, reducing onerous administrative burden for its US clients.
07/24/2013
BCG report: Asset management recovery begins on bumpy road for traditional players
The increase in new asset flows remained relatively modest
07/24/2013
BlackRock Says Executive Rejected RBS Approach
BlackRock Inc said its head of Asia Pacific operations, Mark McCombe, spurned an approach regarding the role of chief executive at Royal Bank of Scotland and will remain with the world's largest fund manager.
07/24/2013
New online wealth management service axed before reaching market
Where's my BloombergBlack?
07/23/2013
BRW magazine reveals Australia's richest families
All of the top five families are Melbourne-based.
07/23/2013
Heartwood name survives for mass-affluent regional opportunity
To support this development and grow outside of Heartwood’s stomping ground of London and the South East, Lough said a hiring spree was in the offing.
07/23/2013
Close Brothers AM hits £9 billion
Close Brothers will be releasing its full year results for the twelve months ending 31 July 2013 on 24 September 2013.
07/23/2013
EFG unit sale boosts first-half profit
Private banking income from continuing businesses grew 10 percent.
07/23/2013
Raymond James profit rises 9.8% on revenue growth
Raymond James Financial Inc.'s fiscal third-quarter earnings rose 9.8% as the regional broker reported higher revenue thanks in large part to growth in its asset-management business.
07/23/2013
Edmond de Rothschild signs deal with Brazilian boutique
The Swiss firm's major restructuring process is underway as it announces partnership deal with Rio de Janeiro-based asset manager.
07/23/2013
Less than a third of advisers focus on £100k+ clients
In spite of bearish rhetoric from across much of the advisory sector that the Retail Distribution Review has pushed advisers up the value chain
07/23/2013
EFG unit sale boosts first-half profit
Underlying private banking revenues up 10 percent
07/23/2013
Bank of America adds two board members
The additions bring the size of the bank's board to 15.
07/22/2013
Stenham raids UBP for new managing director
He has been charged with broadening out Stenham asset management offering as well as suitably augmenting its business development capabilities.
07/22/2013
London: Where Only The Wealth of a Global Elite can Find a Home
The capital's Super-Prime Property Market Has Been Bought up by Foreign Investors Who Are Exacerbating the Housing divide
07/22/2013
What is Wealthy?
7% of investors believe the economy is strengthening and 60% say their long-term economic outlook is bright.
07/22/2013
BofA creates new retirement unit
Bank of America Corp. has combined its retirement planning and wealth management capabilities.
07/22/2013
New names are weighed up for JO Hambro Investment Management
JO HAMBRO Investment Management is considering a name change to honour co-founder Richard Hambro