Wealth Management
True Potential’s wealth business swings to a £243m loss after FCA review
Cinven-backed advice consolidator was forced to set aside £100m to refund clients who were transferred into non-advised investments
3 min read
Lombard Odier hires Charles Russell Speechlys partner for UK wealth team
Sophie Dworetzsky will become head of wealth planning UK
2 min read
FCA consolidator review due within weeks as private equity deals put to the test
Buyouts in the wealth management sector are being put under the microscope by the regulator with a verdict due as soon as next month
5 min read
Monument Bank has not ruled out London listing, CEO says
Ian Rand says UK challenger bank ‘absolutely’ sees IPO as an exit strategy in the coming years
4 min read
Coutts’ Fahad Kamal: Being overweight US stocks is worth the risk
The chief investment officer of private bank Coutts has adopted a more global approach, but hasn’t given up on the UK just yet
5 min read
Hargreaves Lansdown glitch leaves thousands of clients with incorrect balances
Catch up on the top news in wealth management this week
3 min read
Citi CEO stands by wealth boss Andy Sieg after conduct probe
Jane Fraser says she is ‘comfortable’ with the findings of an internal investigation into the global wealth chief’s behaviour
2 min read
Barclays taps McKinsey partner to lead mass affluent business
Consulting giant loses European wealth and asset management practice co-head
2 min read
FN Wealth Management is turning one
Make sure you’re signed up to catch the latest news and big-name interviews
1 min read
US firms eye more UK wealth M&A: ‘There’s appetite for the upper end of the market’
Corient’s double swoop on Stonehage Fleming and Stanhope shows demand in the sector remains red hot
5 min read
Copper Street Capital sounds out buyers for wealth firm One Four Nine
The private equity house has returned to market after a string of acquisitions for its advice consolidator
2 min read
Why a bank might be the perfect buyer for Evelyn
Catch up on the top news in wealth management this week
Bank of America targets ultra wealthy with private asset perks
Expanded private markets programme is available for clients with a net worth of $50m or above
Rothschild snags UBS’s UK high net worth boss Chris Oliver
Oliver will co-lead Rothschild & Co’s UK wealth management front office alongside Peter Hindle
Evelyn Partners to kick off sale process next month
Bankers at Evercore are sounding out major banks and other potential buyers for the wealth giant
Brooks Macdonald fails to stem outflows as clients withdraw £400m
But total assets hit £19.2bn as UK wealth manager strikes a string of M&A deals and enjoys positive performance
2 min read
Rothschild snaps up LLB’s Middle East subsidiary to woo wealth clients
Referral agreement with Liechtensteinische Landesbank could boost Rothschild’s wealth business in the region by 1bn Swiss francs
2 min read
US wealth firm Corient buys Stonehage Fleming and Stanhope Capital
Tie-up creates a $430bn ultra high net worth wealth manager
3 min read
JPMorgan promotes senior private banker Folarin Oyeleye to head of Emea lending
A shake-up of the Wall Street firm’s UK private banking team continues
2 min read
Pictet’s assets slide but cost-cutting delivers profit boost
Swiss private bank said assets under management dropped 2% from the end of December
2 min read