10/21/2012
Old Mutual Global Investors outlines growth plan
Group pledges to ‘develop further’ its product range.
Wealth and Asset Management
10/18/2012
Barclays wealth arm consults FSA over fund group admin fees post RDR
Barclays and other wealth managers will likely have to buy the clean fee share classes
10/18/2012
MFP Wealth Management first to receive British Standards certificate
The BS8577 is a work-based assessment in which the British Standards Institute visits a firm
10/18/2012
EFG International comments on performance
EFG International’s stake in EFG Financial Products has reduced from circa 58% to circa 25% as part of the successful IPO of EFG Financial Products.
10/18/2012
Private Banking Will Get More Complicated -RESEARCH
The Boston Consulting Group has made public a new study of the market for wealth management
10/18/2012
Pictet Says Tax Declaration Rules Threaten Profit
Swiss private banks may earn less if they only handle tax- declared money from European clients, HandelsZeitung cited Pictet as saying.
10/18/2012
Schroders wins top fund manager award
The event, held at Sydney's Doltone House, was hosted by the Australian Fund Manager Association for the 14th year in a row.
10/18/2012
Brooks co-founder steps down from board as FUM jumps 6.5%
As at 30 September 2012 discretionary funds under management totalled GBP £3.751 billion.
10/18/2012
Morgan Stanley’s Gorman Set to Lose $2.9 Million in Pay
Instead, Morgan Stanley has produced an ROE of less than 6 percent with one quarter remaining and ranks ninth in its peer group in terms of shareholder return, beating only Credit Suisse Group AG. Gorman, who’s criticized Wall Street pay as too hig
10/18/2012
Emerging Signs of an Uptick, but Luxury Industry not Convinced
A new report produced by Ledbury Research reveals some green shoots in wealthy consumer sentiment, as the outlooks of the most influential CEOs in the luxury industry continue to fall.
10/18/2012
European Wealth boosts assets £120m with adviser buyout
The company has grown its asset base from an initial £20 million to a current figure of around £500 million. Bradley Stuart last year delivered turnover of around £1.28 million.
10/18/2012
Northern Trust's quarterly net up on higher fee
Assets under custody rose 14% to $4.761 trillion while assets under management increased 16% to $749.7 billion.
10/18/2012
Deutsche Bank Private Wealth Management joins Suggestus
Following an extensive due diligence process, DB PWM has also been awarded the ARC Approved Due Diligence Kitemark.
10/17/2012
US Wealth management firm opens new offices
“Our goal is to continue building a family-oriented wealth advisory business
10/17/2012
Six top financial advisors launch independent wealth management firm
The team of top performing national advisors has over 80 years of collective advisory experience and plans to maintain nearly $450 million in client assets.
10/17/2012
Merrill Lynch Wealth Management's brokerage defections continue
Merrill Lynch Wealth Management's main brokerage force shrank by 75 advisers
10/17/2012
Man Group Outflows Increase to $2.2 Billion on ‘Subdued’ Sales
Customers pulled a net $2.2 billion from the firm
10/17/2012
Swiss private bank eyes Asia institutions
Banque Syz is relocating staff to Asia to focus on asset owners
10/17/2012
Arbuthnot Banking trading well
This will result in some compression of its customer margins
10/17/2012
Geneva banks welcome Spanish, Mideast flows in tough times
New clients fleeing Spain's debt crisis and havoc in the Middle East have buoyed assets managed by banks in Geneva even though the outlook for the Swiss safe haven remains difficult, bankers said on Wednesday.