Managers of Wealth Offshore

Wealth management a tough play for big banks

These days wealth management contributes less than 8 per cent of CBA's group earnings, less than half its relative contribution before the global financial crisis.

Rich Less Likely To Donate To Charity Than Middle Class

Comparatively, the middle class, who earned between $50,000-$75,000 annually, gave out average of 7.6 percent of their income to charity that year.

Redbourne strikes upon novel novations after network switch

Bromsgrove-based Redbourne Wealth Management has found a charitable solution to the issue of transferring clients after switching networks.

Succession in management reshuffle following £12.5m acquisitions

Succession Group has undertaken a management reshuffle following the £12.5m acquisition of its first five IFA firms.

Record Profit Nets Jiang $308,000 Versus Dimon’s $23 Million Pay

New York-based JPMorgan last month reported a 9 percent decline to $4.96 billion following its trading loss in London.

DFMs gain as affluent clients move away from private banks

Bespoke DFM firms are winning business from private banks as high-net-worth clients feel they are being squeezed out in favour of wealthier clients.

UBS Starts Unit Providing Services For Quantitative Hedge Funds

The business targets startups and established funds with long-short or hedged strategies and those focused on arbitrage.

Julius Baer To Reduce Rights Offer To 500 Mln Francs

Bank of America has been selling non-core business units and cutting thousands of jobs as part of its efforts to reduce costs and bolster capital.

State Street's 2011 Corporate Responsibility Report Highlights Reduced Environmental Footprint, Increased Philanthropy and Volunteerism

Charitable contributions rose by 15 percent; Carbon dioxide emissions lessened by 24,500 metric tons

Leeds-based law firm launches new wealth management business

The law firm has been an ambitious player in the Leeds investment scene, and it has made a number of acquisitions in the past to boost its position.

UniCredit's Wealth report: Italy's clients invest short-term

They also opted for a high degree of diversification in their portfolio, in which they mostly included short-term products.

Rise of secret millionaires who never make the rich lists

One of the trivial lessons from the boom is that the so-called rich lists rarely come close to the truth.

Billionaires load up on gold

And it's not just billionaires loading up on the yellow metal.

Pictet dismisses M&A as disruptive

A wave of consolidation has been widely forecast for Asia’s private banking industry, but whether this is a healthy development for the market remains open to conjecture.

Only one in eight will pay for ongoing advice, survey finds

Its survey of 2,028 people from households with incomes of more than £50,000 found that while 81% would seek financial advice, only one in eight would pay for an ongoing service.

Rothschild eyes growth as UBS duo boost its wealth team ‎

Their experience with ultra high net worth individuals will be extremely valuable in meeting increasing demand for Rothschild’s services from this client segment in particular

Openwork paid nothing for 2Plan acquisition

Openwork, which is 25 per cent owned by Zurich, acquired national IFA 2Plan in July 2011 after announcing the deal in September 2010.

1st Global launches wealth management feasibility analysis program

New Programs provides a risk-free assessment for CPA firms aiming to expand wealth management services

Coutts Hires Another Ex-Barclays Employee For New Senior Role ‎

She worked as head of strategic partnerships and international third party distribution at Barclays, leading a team setting up commercial joint ventures with overseas banks.

How Wealthy Families Can Protect Against Financial Predators

Why don't wealth management firms do more to protect families from financial predators?

Wealth and Asset Management