PEOPLE MOVES: St James’s Place, Schroders PW, Lombard Odier
Managing director steps down from wealth firm, as advice business makes c-suite change
News
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China approves Schroders WM joint venture
It is the third Sino-foreign JV wealth company given green light to start business
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Quilter Cheviot unveils Shariah-compliant investment service
It will initially be focused on eligible clients in the Middle East and Africa via the firm’s DIFC operation
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UBS unveils division to serve multicultural investors in US
They ‘are a sizable, yet underserved audience that are actively seeking wealth management advice’
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Private banking group buys Swiss rival
Combined entity will have around CHF5.5bn in assets under management
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Regulator charges ex-UBS adviser with stealing $5.8m from client
He allegedly spent most of the money on ‘gifts for several women with whom he had romantic relationships’
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Swiss trust law ‘exciting development’ for wealth market
Industry believes it may take a while for the structures to gain international recognition
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PEOPLE MOVES: Tisa, Charles Stanley, Nuveen
Savings alliance CEO steps down, as wealth firm names director of investment management services
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FWD Group raises $200m ahead of Hong Kong IPO
Investors have reportedly put $1.6bn into the company in a month
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Pension transfer activity hits four-year low
As scam flag index remains below 50% for the fourth successive month
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UK wealth manager sells Swiss arm
In a bid to focus on ‘regional growth opportunities’ in Britain
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Inheritance tax will impact ‘around 33% more families’ in 2022
Advice group explains how it will affect UK expats