Credit Suisse gets Q1 boost from wealth management
A strong performance from its wealth management division has helped Swiss banking giant Credit Suisse post a 23% rise in first quarter profits.
Wealth Management
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Qatar licences first family office advisory firm
FACT Middle East, a specialist family office business, has been granted a licence by the Qatar Financial Centre Authority (QFCA) and is now fully operational in the Persian Gulf state.
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Wealth manager ‘dating’ service secures £500k
A UK-based online “dating” service that matches affluent individuals with wealth managers has been granted half a million pounds to help build up its business in Asia.
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Service upgrades could trump lower fees – Brown Shipley
Lower service charges may not necessarily be on the cards, but IFAs must provide value for their percentage, according to the head of Brown Shipley’s Manchester office Jon Sherlock
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The perfect fit- Business Strategies with M&A
Walker Crips’ acquisition of discretionary investment manager Barker Poland proves how a good match provides a fillip for a company’s core proposition.
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Use of life assurance products could double
Regulatory change could double the sales of life assurance products among high net worth and ultra-high net worth clients, according to a survey of wealth managers and life assurance professionals.
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Deutsche AWM lists Gulf ETF
Deutsche Asset & Wealth Management, the wealth management arm of Germany’s Deutsche Bank, said it had listed Europe’s first exchange traded fund to cover equities in the Middle East Gulf region, which will include Saudi Arabia.
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Hong Kong Singapore wealth centres catching up
Even as Switzerland remains the worlds largest wealth management centre, other locations such as Hong Kong, Singapore and the US are also catching up rapidly, according to research from Deloitte.
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Lincoln Private Investment launch
The firm facilitates discretionary management of family wealth and private banking, alongside offering a stockbroking service, and has been running real money since 1 July
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Schroders reports 18 jump in Q3 profits
Schroders reported an 18% rise in profit before tax for the three months to 30 September, on the back of continued net inflows that outweighed the negative impact of a stronger sterling.
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Fines weigh heavy on Credit Suisse earnings
Despite improved cost control and an increase in assets under management, the groups wealth management division saw earnings fall.
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Profits up as WH Ireland narrows focus
A move away from third-party administration and a continued reorganisation of the business has reaped rewards.