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The week in wealth management - most read on thewealthnet

25/06/2018 News Team

Monday
Editor at large, Ian Orton examined how much Rathbones is paying for Speirs and Jeffrey and how it compares to other recent M&A deals.

About 90 percent of wealth management clients aren’t fully aware of what they pay for their accounts. Despite this, private bankers still generally charge one third of their clients fees that are below the target pricing level because of concerns about losing business, according to the Boston Consulting Group (BCG).

Tuesday
Jeremy Parlons, a wealth management veteran that has worked at a number of London-based wealth management firms over the past two decades, has launched a new firm in conjunction with Bainbridge Partners, a specialist alternative investment management firm.

Strong investment returns in 2016 and 2017 did not yield an overall satisfaction level globally among high net worth individuals (HNWI), Capgemini said, in its 2018 global wealth report.

Wednesday
Akshaya Bhargava, a former chief executive of Barclays Wealth and Investment Management (W&IM), has launched a new London-based Fintech firm called Bridgeweave. The new firm intends to capitalise on the current wave of Fintech innovation to launch a variety of new products.

Life Company Consolidation Group (LCCG), the parent company of Utmost Wealth Solutions, has completed the acquisition of Generali PanEurope (GPE). The firm said the deal, which was announced in December 2017, will create a EUR 24 billion “specialist wealth manager with a global footprint.”

Thursday
Stonehage Fleming has appointed Matthew Brown as a director in its wealth planning division, as part of the division’s expansion. He joins from Thomas Miller Wealth Management, where he was appointed partner in 2015, having first joined the firm in 2006.

The results of the 2018 PAM Digital Survey were revealed. The survey shows that client communication is the main focus for firms' digital efforts.

Friday
Aberdeen-based accountancy and business advisory firm Anderson Anderson & Brown (AAB) has appointed Fraser Porter as partner, to be responsible for the firm’s wealth management division. He joins from Adam & Company.

Freddie Pooter looked at the non-horse related activities of Weatherbys and also the new movie focused on the Swiss private banking world.

Also this week coverage of the 2018 PAM Insight Annual Marketing Dinner appeared on thewealthnet. The speakers were Jacqui Haskins of the Wisdom Council and James Lawson of Tribe Impact Capital.


 

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