04/24/2013
UK wealth managers enduring post-RDR slump in confidence
A study from Pershing examines the extent to which UK wealth managers are being forced to re-examine their value proposition in light of the implementation of the RDR.
Wealth and Asset Management
04/23/2013
China to increase scrutiny on wealth management products
China will heighten oversight on wealth management products in 2013 by taking a closer look at money flows off banks' balance sheets to reduce financial risks at a time when growth is slowing in the world's No. 2 economy.
04/23/2013
EFG International completes sale of remaining stake in EFG Financial Products
The transaction, which was announced on 12 March 2013, was closed on 23 April 2013.
04/23/2013
Credit Suisse Profit Soars in First Quarter
High returns, strong client franchises, reduced cost base and lower risk- weighted assets:
04/23/2013
Barclays first quarter profits fall 25%
Barclays expects to make a further £500m charge later this year.
04/23/2013
CWB to invest in wealth management firm
With assets under management approaching $1 billion, the investment strategies and services of McLean & Partners are an excellent
04/23/2013
7IM profits up 12% despite £123k FSCS hit
Despite the cost of the additional levy, the strong asset numbers combined with continued tight cost control.
04/22/2013
UBP picks Guggenheim Fund Solutions to power hedge fund platform
Our agreement with Toshiba marks a tremendous milestone in our long history of working closely together
04/22/2013
Ameriprise profit up on wealth-management strength
Ameriprise has generally reported higher operating earnings over the past three years
04/22/2013
HSBC to scrap over 1,100 wealth management jobs
HSBC will cut 3,166 wealth management jobs based in the UK
04/22/2013
Fund and wealth managers unite to criticise the EU
enior players in a raft of City firms have signed up to Business for Britain
04/21/2013
Private banks back to puff Asian order books
"There is a lot of money on the sidelines to be put to work," said a private banker.
04/21/2013
Private banks must revamp to regain clients
Fund-of-hedge-fund executives say they are seeing growing discontent towards private banks by high-networth investors.
04/21/2013
Brooks Macdonald discretionary FUM up 7.6%
Brooks Macdonald Group has announced an update on its funds under management for the quarter ended 31 March 2013.
04/21/2013
Assets up 18 pc at SYZ & CO
2012 saw quieter conditions, thanks to the relative easing of fears that the Eurozone might break up and the European financial system might collapse.
04/19/2013
SSgA's assets rise 4.3% in quarter, 9.9% in year
The asset management firm said net income in the first quarter totaled $443 million
04/18/2013
Pope Francis redirects employee bonuses to charity
Francis told journalists a few days after his election that he wanted a “poor church, for the poor,” and he has brought a simpler and more sober style to the papacy.
04/18/2013
In Asia, the Wealth Management Field Favors Women
Tan’s heroics are hardly typical, but women are excelling as private bankers managing money for the wealthy in Asia.
04/18/2013
London-based wealth manager plans Hong Kong wealth management debut
The firm has been studying the region for several years to see if it can bring something to the table.
04/17/2013
Super rich moving money out of Switzerland
By 2020 the country will have lost its position as the number one destination for the wealth of the world's super rich to Singapore