11/28/2012

RBC Wealth Management net income up 16%

Royal Bank of Canada today reported record net income of $7.5 billion for the year ended October 31, 2012, up $1.1 billion or 17% from the prior year.

11/27/2012

Quilter Cheviot raring to reel in the wealthy

His quest coincides with a rash of deals across the wealth sector, seen by investment bankers as offering them a greater chance of earning advisory fees than deals in the institutional sector, which have proved difficult to pull off this year.

11/26/2012

Advisers pick open bonuses

''We are sceptical of short-term measures that are able to be controlled or manipulated by management as they may result in increased risk and not enhanced value for shareholders over the longer term.''

11/26/2012

Fiduciary Wealth signs up Platform One

Last month, Platform One unveiled a so-called “commission-friendly” service to appeal to non-UK advisers who prefer to continue to use the traditional commission-based remuneration model.

11/25/2012

SSgA forms joint venture in China

State Street Global Advisors Asia is awaiting regulatory approval to set up a joint venture to provide fund management for wealthy Chinese

11/25/2012

Moving Sale: A Château on the Cheap?

Facing the prospect of hefty tax hikes, some wealthy French homeowners are racing to put their properties on the market—which can mean discounts for foreigners on a Provençal estate or Parisian pied-à-terre