09/23/2012
Wealth management firm to close half its Canadian offices
The firm will continue to offer a full suite of investment and wealth planning services to clients, through both traditional transactional brokerage activities and more comprehensive wealth management solutions.
09/23/2012
Assets under management rose by 1% in the two months to £184 billion but there was a net outflow of about £100 million. That figure hid an inflow of £6.1 billion into higher-margin business against a £6.2 billion departure from lo
09/23/2012
Investment Week understands new CEO Paul Feeney has been given a mandate from the Old Mutual PLC board to invest in restricted firms.
09/20/2012
Harris Private Bank earned a Top Five ranking in the 2012 Luxury Institute Wealth Management Survey, which polled 500 high-net worth Americans with a minimum net worth of $5 million for their thoughts on the quality, exclusivity, social status, and client
09/20/2012
Private banks pull out marketing tricks
When it comes to private bank marketing, tricks of the trade abound.
09/20/2012
The Swiss-headquartered UBS has taken out the top spot in seven of the 10 categories, cementing its position as one of the most influential banks in the local market.
09/20/2012
Wealthy Investors Prefer Boutiques Over Larger Wall Street Firms: Study
Reputation for honesty and first-class service advantage smaller wealth managers
09/20/2012
Wealthy need to “push back” against government taxation, says leading wealth manager
Super-wealthy are on “tipping point” of leaving London
09/20/2012
Towry streamlines with £47m debt package
The package, arranged by private equity majority owners Palamon Capital Partners, replaces an existing "mezzanine" facility, a form of debt more expensive to service than a standard loan.
09/20/2012
JP Morgan Asset Management has outlined its plan to offer three share classes post-Retail Distribution Review and has placed the onus on advisers to pick the right share.
09/19/2012
Brooks Macdonald will operate a restricted asset management business and independent financial planning business once the retail distribution review is implemented, the firm has announced.
09/19/2012
Roger Weatherby, chief executive of Weatherbys Bank and chairman of Weatherbys Hamilton, said: "We have been looking at ways to expand our insurance business for some time, and the opportunity to form a joint venture with Charles Hamilton is a natura
09/19/2012
After signing the deal, RHJ's wealth-management unit Kleinwort Benson, which would ultimately acquire BHF, would file for the approval of Germany's banking watchdog BaFin, the person added.
09/19/2012
The talent squeeze is so serious that financial firms are having trouble dealing with the clients who come through the door.
09/19/2012
ANZ has reportedly walked away from a plan to acquire a Hong Kong bank after a disagreement over price, signalling a strategy shift that is more focused on organic growth.
09/19/2012
The capital increase to be conducted by way of a rights offering (inclusive of pre-emptive subscription rights of the existing shareholders) in the amount of up to CHF 500 million is expected to take place in October 2012, market conditions permitting.
09/19/2012
Despite a fall in bonuses paid in the financial sector, they remain markedly higher than in any other area of the economy.
09/18/2012
UBS analysts highlighted rising corruption in report.
09/18/2012
The next generation’s approach to philanthropy is dramatically different than that of their grandparents and parents.
09/18/2012
As a family’s wealth and fame grow, so does a family’s attractiveness as a target for identity theft, fraud, extortion, robbery and a host of other crimes.