08/12/2012
Earlier this year HSBC shut down its in-branch financial planning arm, resulting in the loss of 550 adviser jobs. The bank still offers investment advisory services for “Premier” customers with about £150,000 in investable assets.
08/12/2012
Approximately two thirds of IWM AuM are from clients domiciled in growth markets in Asia (more than half), Latin America and the Middle East.
08/12/2012
Following an extensive tender and due diligence process to rationalise the business and optimise costs, the Bank’s management chose to consolidate its assets under custody with BNP Paribas based on the custodian’s global reach, technology offe
08/12/2012
Stather-Lodge said he planned to attract more advisers to work under the OCM brand and use its centralised investment proposition.
08/12/2012
Julius Baer's acquisition of the loss-making unit means that about half of all the Swiss bank's clients will be in faster-growing emerging markets - chiefly Asia but also Latin America and the Middle East - up from around one third now.
08/09/2012
Waqf, or charitable endowments invested according to Islamic principles, are often used to fund schools and hospitals, but the charitable trusts that generally manage them tend to produce poor returns.
08/09/2012
Kiernan founded asset management firm Inflection Point Capital Management (IPCM) in 2010 after selling Innovest Strategic Value Advisers – the investment research firm he established in 1994 that specialised in environmental, social and governance i
08/09/2012
The impulse to soak the rich isn't exclusively French.
08/09/2012
Paul Reynolds, president and chief executive of Canaccord, said the independent brokerage firm would "take a look" at small acquisitions in the U.K. that would prove "fairly attractive or highly accretive" to the company.
08/09/2012
Julius Baer has been confirmed as the third-time winner of the Best Boutique Private Bank in Asia award by The Asset magazine, a leading Asian trade publication.
08/09/2012
A full announcement is expected on August 13th.
08/09/2012
Financial advice is a tricky sell in the Valley. The place is full of Ph.D.s with problem-solving skills, an unusually strong aversion to fees, and no clue what to do with their money.
08/09/2012
The dinner meetings will be held three times a year, Wharton and IPI said in a statement. After the New York dinner, the next gathering will take place in March in San Francisco.
08/08/2012
The firms has acquired Oakdene Practice in Bristol, Parkgate Financial Solutions in Warrington and Libra Associates in Dorset.
08/08/2012
The 75 per cent tax plan for the rich to "pay extra tax to get the country back on its feet again" will come before the Parliament next month.
08/08/2012
A spokesman for the state's Finance Minister Norbert Walter-Borjans told Dow Jones Newswires the minister doesn't comment on single cases, and that the ministry receives and examines data regularly.
08/08/2012
It is unclear why the discussions fell through, although one of the sources said he believed it was because the two companies could not agree on pricing and succession.
08/08/2012
Turkish millionaires hold a total of 341 billion liras ($192 billion) in bank accounts, making up 47.5 percent of total deposits in the country, the newspaper said.
08/08/2012
In the last five years BLME has established its business platform and developed new business lines and products that provide diverse, sustainable and integrated wholesale banking and wealth management services.
08/08/2012
The report shows residential property is currently the most popular asset class among wealthy investors, with real estate accounting for one third (33%) of the investment portfolios of HNWIs worldwide.