Wealth Management
European Wealth acquires Xcap Nominees
Integrated wealth management firm European Wealth Group has acquired Xcap Nominees, bringing an additional £30m ($45.5m, €42.8m) in assets to European Wealth’s Manchester office.
Vanguard finds advisers split on robo-advice
Two-fifths of UK wealth managers believe robo-advice offers the potential for greater efficiency and to attract new clients in the next five years, according to a survey from Vanguard.
Discretionary and advisory business boost results for Walker Crips
Walker Crips reported a five-fold rise in pre-tax profits for the six months to 30 September, in spite of a 30% increase in the Financial Services Compensation Scheme levy.
United Kingdom | 12 Nov 15
FCA chairman wants ‘less is more’ approach to wealth manager regulation
FCA chairman John Griffith-Jones has spoken out on the “realistic, if not ideal” delay to MiFID II, while acknowledging the need for a “less is more” approach to the regulation of wealth managers
Market volatility weighs on DBS’s wealth management division
Net fee and commission income from DBS Group Holdings’ wealth management division fell by 4% during the third quarter, compared with the same quarter last year.