Greek crisis causes surge in investors seeking professional advice
The number of investors looking for help from wealth management firms has soared as the situation in Greece sparks greater market volatility.
Wealth Management
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Lloyds expands expat service for non-doms in UK
Lloyds Bank has announced an expansion of its London Expat Service to tap to the growing number of high net worth individuals moving into the UK.
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IDAD aims to grow African business with new hire
Investment Design & Distribution (IDAD), the UK-based structured products specialist, said it is looking to grow its business in Africa with the appointment of Graeme McCallion.
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Wealth managers in danger of losing the youth
High net worth individuals are generally pretty happy with their wealth managers at the moment.
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Wealth management organisation to open Hong Kong branch
The Hong Kong chapter of the Association of Independent Asset Managers (AIAM) is expected to launch in the coming months, aiming to give independent wealth management firms a unified voice.
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Barclays sells US wealth management business
Barclays has sold its US Wealth & Investment Management business to American investment bank Stifel Financial Corp for an undisclosed the sum.
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Most advisers prefer a successor to a sale on retirement -Russell
Financial advisers would prefer to find a successor that can take on their business when they retire, rather than pursue a sale, new research from Russell Investments suggests.
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Eleven advice meetings a year is the ‘sweet spot’ for HNWIs
High net worth individuals say 11 interactions a year is the “sweet-spot” level of contact with their relationship managers at wealth management firms, according to a survey by NPG Wealth Management, SEI and Scorpio Partnership.
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Eliminating commission conflicts a key driver of growth – Arbuthnot
Eliminating all potential conflicts of interest has been the lynchpin of why Arbuthnott Latham has grown as much as it has in the past ten years, says StJohn Gardner, head of investment management.
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FPI brand will live on after Aviva merger
Friends Provident International, a major player in the Asia and the Middle East markets, will emerge from its takeover by UK insurance giant Aviva largely unscathed, according to Chris Wei, Aviva’s Asia chairman.
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Mutual Alliance: Business strategies with Thailand’s MBMG Group
In signing up to Swiss professional services network Geneva Group International, MBMG has increased both its international presence and local capability, Paul Gambles, managing partner of MBMG Group, explains.
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Robo-advisers will struggle to make profit, says Morningstar
Robo-advisory firms will have to eat through all of the capital they raised in order to reach a profitable scale, according to fund research firm Morningstar.