03/17/2013
The end of Swiss banking as we know it?
Structural change at Pictet and Lombard Odier to corporate partnerships underlines a new reality for Swiss banks. And about time too, says Scorpio Partnership.
Wealth and Asset Management
03/17/2013
Raymond James Introduces New Compensation Model
Building on its tradition of providing choice for advisors seeking RIA options, Raymond James announced the introduction of a new compensation model for “RIA hybrids” effective April 1, for financial advisors with at least $100 million in disc
03/14/2013
UBS pays £17m 'golden hello' to the man who broke RBS
iHe is overseeing a radical restructuring of UBS which will see as many as 2000 jobs go as it reduces its investment banking activities.
03/14/2013
Morgan Stanley Gets Green Light on Deal for Wealth-Management Unit
Morgan Stanley may buy the rest of its wealth-management joint venture from Citigroup Inc.
03/14/2013
Hedge fund tycoon collects £1.7m from bet on Trinity Mirror slide
He took a £10m bet against the firm last November, although he told The Independent he "didn't dislike the company".
03/14/2013
U.S. millionaire count reaches 9 million - RESEARCH
The comeback continues for the fourth year, after millionaire households declined to 6.7 million in 2008
03/13/2013
Withers to launch new non-legal consultancy
The consultancy will be run by two acknowledged leaders in the consulting field, Kenneth McCracken and Amelia Renkert-Thomas.
03/13/2013
Bank Wealth Management Income Falls First 9 Months of 2012
Bank holding companies saw a dip in wealth management income in the first three quarters of 2012
03/13/2013
Ermotti is best paid banker at UBS
Ermotti was UBS's highest earner in 2012, pipping Americas head Robert McCann, who was the Swiss bank's top earner in 2011.
03/13/2013
Provident Bank Expands Wealth Management Services
John K. Lynch has been hired as a senior financial consultant
03/13/2013
Adviser Solutions division extends access to Managed Portfolios range
The implementation of the Retail Distribution Review has created a significant upswing in the number of IFAs partnering with DFMs.
03/13/2013
Investec Asset Management Employees Buy Stake for $269 Million
“Investec and Investec Asset Management strongly believe that institutional clients are attracted to asset management companies that have significant operational independence and alignment of incentive structures to long-term performance,” the
03/13/2013
CISI to offer qualifications in Wealth Management and Islamic Finance in Spain
Escuela de Finanzas’ Masters Programme is a five part course covering Financial Markets, Portfolio Construction Theory, Applied Wealth Management, Islamic Finance and Skill Management.
03/13/2013
F&C reports profit increase but assets and revenues fall
Mr Bramson said 2012 was “a year of significant change” as the firm sought to cut costs
03/13/2013
FSA warns against EU plans for bankers' bonus cap
He also warned that the cap would undermine the system of bonus clawbacks for misbehaviour and poor performance, the FT said.
03/13/2013
Barclays demonstrates commitment to UK expansion with new office in Yorkshire
It is the sixth Wealth and Investment Management office opened by Barclays in the past eighteen month
03/13/2013
Private bank doubles staff to tap into China's vast wealth
Last year this figure was 96, highlighting how fast wealth is being created in the Middle Kingdom. In addition, China has more than one million millionaires.
03/12/2013
FSA's Wheatley Says Concerned by Wealth-Management Review
Wheatley, who will lead the FCA, said he will set up a wealth-management supervision department to increase oversight.
03/12/2013
French asset manager looks to Hong Kong and Asia
The French fund house, which aims mainly to sell its wealth management products, opened its office in Hong Kong in early November last year.
03/12/2013
Brooks Macdonald adjusted pre-tax profits up 30%
Revenues rose by 23% to £31.46m and the interim dividend of 6.5p per share is 8% up on last time.