Managers of Wealth Offshore

JO Hambro IM eyes charity expansion with hire

J O Hambro Investment Management has added a new marketing manager to its charity team as it looks to add to the 95-strong list of charities for which it manages money.

China’s new wealthy take tips from the West

China’s new wealthy take tips from the West Wealthy Asians in China and elsewhere are recognising the need to properly manage and pass on their money, and are receiving advice from Western families, notes Scorpio Partnership.

Citigroup first quarter profit falls

Citigroup Inc reported a lower first-quarter profit on Monday as the bank worked to contain expenses in the face of volatile capital markets and the need to finish overhauling its business portfolio after the financial crisis.

First Midwest Bank Forms Wealth Management Division

First Midwest Bank has announced that it has formed a new Wealth Management Division as part of the bank's strategic organizational realignment.

RBC ready to pounce on Asian opportunities

Royal Bank of Canada has its sights set on expansion in Asia, with an eye to building its wealth management business to take advantage of China’s rising prosperity.

Bank of Montreal aims to firm its clout with rich

CTC will become part of the bank's Harris myCFO unit, its wealth- management arm for ultra-affluent families in the U.S. with at least $25 million to invest. The deal is expected to close during the calendar second quarter of this year.

Wealth Management Veterans Launch Snowden Capital Advisors

Former Merrill Lynch Wealth Management Leaders Launch Hybrid RIA Firm to Provide Client-Focused Advice and Investment Solutions

Middle Eastern Billionaires and Family Ties

Billionaires in the Middle East have one of the highest rates of family involvement, 62%, in the whole world. Only India has a higher rate of family involvement.

Despite Efforts, Wirehouses Losing HNW Clients

In recent years, the wirehouses have made a concerted effort to court the HNW market.

Cameron suggests UK charity tax changes may be watered down

Cameron said this week he’s ready to be the first British premier to publish his tax returns, according to a person close to him, as he seeks to defuse accusations that he’ll benefit personally from a cut in the top rate of income tax next yea

Citi woos the urban middle class

According to estimates, this customer base is largely urban, tech-savvy and uses a host of services other than the traditional banking tools.

ANZ culls wealth management team

"The changes in our Wealth business are in response to a challenging environment which has emerged in recent years," the spokesperson said.

BNY Mellon Names Sales Director to Charitable Gifts Biz

BNY Mellon Wealth Management has named an expert in philanthropy and planned giving sales director of its Charitable Solutions Group.

Ex-Merrill veterans open independent brokerage firm

Two former Merrill Lynch veterans on Thursday announced that they opened an independent, adviser-owned brokerage firm, saying they hope it will attract top talent from the biggest U.S. brokerages and grow to be global in scale.

JP Morgan revenues rise but legal costs trim profits‎

JP Morgan, the first Wall Street bank to report results in this closely watched earnings season, has revealed a surprise increase in revenue to $27.4bn even as legal bills and debt pinched first quarter earnings.

Wealthy abuse charity donations to cut tax, says No 10

Mr Osborne said on Tuesday he was left shocked by the scale of legal tax avoidance by multi-millionaires.

Hong Kong on course as top expat destination

Having recently opened an office in Hong Kong, GWM has announced it plans to extend further across Asia with new operations based in Malaysia, Singapore and mainland China.

UK expats face ruin in Spain and France after being duped by bogus financial advisers

The schemes are often sold by rogue financial advisers who exploit weak consumer laws on the Continent by falsely claiming to be bona fide accountants.

Big Firm Bonuses - Why 2012 Is Shaping Up To Be A Pretty Awful Year

The big winners year to date are BMO Capital Markets, RBC Capital Markets, Mitsubishi UFJ Financial Group, TD Securities, Wells Fargo and HSBC. And the biggest losers are Barclays, Nomura, Goldman and Bank of America Merrill Lynch.

Wall Street banks TRIPLE their bonuses in bidding war over top brokers

The brokerage arms of banks such as Morgan Stanley, UBS AG, Wells Fargo & Co. and Bank of America are offering high-end U.S. brokers two to three times the commissions and fees they produced in the previous year, up from about one times those earning

Wealth and Asset Management