A 22.06 percent increase in operating expenses resulted in Stonehage Fleming UK reporting pre-tax profits of £1.15 million for the year to 31 March 2018, a £2.82 million or 71 percent reduction on the previous year.
Former financial adviser, Neil Bartlett, 53, was sentenced to eight years in prison after he used £4.5 million of his clients’ money to fund his “extravagant” lifestyle.
The UK arm of Investec Wealth and Investment Management (Investec W&IM) consolidated its position in the top tier of specialist UK wealth management firms by reporting revenues and pre-tax profits of £280.28 million and £73.19 million respectively.
Sarasin & Partners appointed a new partner in its private client division, part of a series of promotions across the business.
Freddie Pooter noted that the spy mindset is fully embedded in the good people at UBS, as they begin recrutiment for mysterious-sounding positions including "investigator" and "web-scraping engineer".
Ian Orton took a closer look at the deal between Caledonia and Stonehage Fleming, pointing out why the transaction is more interesting than it may seem at first glance.
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