07/14/2013
Lloyds' grip on private banking loosens as Rathbones and Investec grab UK share
The bank has some $398 billion under management globally, and was followed in the list by Barclays which runs $201.4 billion.
Wealth and Asset Management
07/14/2013
Wealth managers fire warning shot over ‘super clean’ fund deals
The race to secure the best priced share classes intensified earlier this month when Standard Life became the first platform to secure super clean deals.
07/14/2013
Focus Financial Partners Receives Strategic Equity Investment
The independent, RIA industry is a growing $3.2 trillion market that continues to attract fiduciary-minded wealth managers
07/14/2013
Citigroup 42% Profit Rise Tops Estimates
Chief Executive Officer Michael Corbat, 53, has fired thousands of workers and scaled back operations in some countries to cut costs since replacing Vikram Pandit, 56, in October.
07/14/2013
Angel Investors Are Spreading the Wealth
The world is changing for angel investors, the ultra-wealthy looking for start-up companies to fund
07/14/2013
Millionaires Most Concerned about Security of Their Financial Information Online
As mobile technology and social media usage increases, so, too, do concerns about the security of financial information
07/14/2013
7IM bags £80m model portfolio mandate
Towergate Financial awards 7IM with mandate for its passive model portfolio range after “concerns” about previous manager Evercore Pan-Asset’s performance.
07/09/2013
Wealth Management Product At China’s Largest Bank Goes Bust
Angry investors dress in white sheets and stage protest
07/09/2013
RBI reviewing guidelines on mis-selling by banks in wealth management services
The Financial Stability Report released by RBI has taken note of mis-selling in the wealth management division of banks.
07/09/2013
UBS once again the world's largest private bank as assets surge
UBS won back the title of largest private bank in the world as inflows of fresh client funds surged last year
07/09/2013
Asia-Pacific’s affluent puts money into “investments of passion”
An increasing number of millionaires in the Asia-Pacific region are showing interest in so-called investments of passion such as art, jewelry and collectibles
07/09/2013
Wealth managers see turnaround in net new money
Scorpio suggests that the growing dominance of the top 20 reflects consumer demand for a single wealth manager proposition
07/09/2013
FIBA Wealth Management Forum
The FIBA Wealth Management Forum 2013, will provide an overall perspective on the industry as well as explore the challenges and opportunities resulting from global and regional changes.
07/09/2013
Moelis reveals $35m cash pot for bankers
The firm is hamstrung in rewarding staff because their ownership stakes cannot be traded in secondary markets like equity.
07/09/2013
Big banks win the wealth offensive
The Scorpio Partnership Global Private Banking Benchmark 2013 indicates strong rebound among 209 global wealth management players; UBS takes ranking top spot as a “champions league” of firms emerge
07/09/2013
Regulatory Legal partners with wealth manager to offer services to IFAs
Law firm Regulatory Legal has set up an alternative business structure with a wealth manager to package up legal advice for financial advisers to provide to their clients.
07/09/2013
UOB first in Singapore to offer online access to gold, silver accounts
United Overseas Bank Ltd has become the first bank in Singapore to offer retail customers online access to their gold or silver savings account,
07/09/2013
Quilter Cheviot adopts new corporate identity
he group has created a new logo and website and from now on the Quilter & Co legal entity will be renamed Quilter Cheviot Limited
07/08/2013
The $50,000 financial plan: Wealth firms target the super rich
Advisers at UBS and some other wealth management firms are now moving into this market and charging wealthier clients the equivalent of a new BMW
07/08/2013
Swiss banking exodus: Going (HSBC), going (Generali), gone (Lloyds, ING, Santander)
Rising costs and increased scrutiny have led foreign banks to conclude exit is the best option