02/23/2012
RBS loses £2bn and hands £785m in bonuses
The Royal Bank of Scotland has risked taxpayer fury as its bonus payments outstrip the size of its losses in 2011.
02/23/2012
RBS loses £2bn and hands £785m in bonuses
The Royal Bank of Scotland has risked taxpayer fury as its bonus payments outstrip the size of its losses in 2011.
02/23/2012
MPACT Financial Establishes Itself as an Independent Wealth Management Company in Dallas
MPACT helps individuals, families and business owners manage risk in all phases of investing with an exclusive focus on Retirement Strategies, Estate Conservation and Business Succession Strategies.
02/23/2012
SJP rolls out code of conduct for advisers on trail
Wealth manager St James’s Place (SJP) is rolling out "minimum service standards" for its advisers to ensure trail commission and ongoing fees are being levied fairly.
02/22/2012
New wealth management division explores scaled advice
The decision to explore limited or scaled-advice options stemmed from demand by the company's bank customers for Bendigo and Adelaide Bank's low-cost super offering, SmartStart Super, Tullio said.
02/22/2012
HSBC To Overhaul UK Bonuses
HSBC, which will report its full-year results for 2011 next Monday, is to issue tens of millions of pounds in new shares to cover any bonuses of more than £50,000 awarded to UK-based employees, people close to the bank tell me.
02/22/2012
Bankers, Watch Your Bonus, It May Be Revoked
Swiss bank UBS is taking back 50 percent of share-based bonuses over 2 million Swiss Francs ($2.2 million) paid to investment bankers in 2011, after a profit plunge for 2012.
02/22/2012
Coutts in Manchester goes to new heights for local charities
The money raised will be split between four charities.
02/22/2012
Asset International to Launch Philanthropy Management in March 2012
Focused on the financial, operational and strategic services that support sustainable giving - the 'how' of modern philanthropy
02/22/2012
UBS launches Israel wealth management unit
The reason we didn’t acquire a company is that there is no company or investment house in the market that suited the concept that we want to bring to Israel.
02/22/2012
Record year for St James's Place
“Whilst the road to recovery for the UK economy is likely to remain challenging, the need for trusted financial advice is greater than ever. Given the market opportunity available to us, together with the continuing growth and development of the Par
02/22/2012
Barclays Wealth expands advisory service to Monaco
Barclays Wealth today announces that it has extended its Wealth Advisory reach and is now able to offer services directly to clients in Monaco.
02/22/2012
Threadneedle systems catch £95m 'rogue trader'
Success contrasts with UBS and Societe Generale where dodgy trades initially went unnoticed
02/22/2012
Lord Rothschild and Prince Charles launch alternative energy venture
The group has committed more than £65 million to Tamar Energy, which launched today.
02/22/2012
Bank of America Merrill Lynch Wealth Management Boosts Recruiting Deal For Top Brokers
Bank of America Merrill Lynch Wealth Management unit has tweaked its recruiting deal to attract financial advisers from competitors, offering bigger upfront cash payments as well as an extra client-asset incentive to a larger pool of top-tier brokers, acc
02/22/2012
Barclays publishes FSA Complaints Data
In the Banking category there has been a 31 per cent reduction in complaint volumes for the full year 2011 compared to 2010.
02/22/2012
Baroness joins UK wealth managers board
She was previously editor-in-chief at the Wall Street Journal, Europe.
02/21/2012
Trust boards are still failing too often on discount controls say investors
Despite this, 36% of respondents believed there would be a marginal or no impact on the demand for investment trusts as a result of the RDR. Only 11% thought the impact would be ‘considerable’.
02/21/2012
UBS facing real estate headache in Hong Kong
UBS has limited options, people involved in the real estate market said, and is set for some tough negotiations with its landlord, MTR, which runs Hong Kong’s subway and owns the main space UBS occupies.
02/21/2012
Rathbones sees full year 2011 profits jump 30 percent
Pre-tax profits at Rathbone Brothers increased 30pc last year to £39.2m as the wealth manager said it was "cautiously optimistic" for 2012.
02/21/2012
Finnish investment bank focuses on wealth
"Evli Bank as a group has been recently refocusing more toward wealth management, and this is also bringing changes to the Baltic opera-tion," says Jolanta Latviene, the new CEO and board chairman of Evli Securities, Evli's Tallinn-based Ba