Wealth Management
Wealth managers losing faith in equities, survey finds
Wealth managers and financial advisers are losing faith in equities according to a new survey from Royal London Asset Management.
Middle East | 4 May 16
Holborn Assets managing partner Reg Ormond dies suddenly
Managing partner of Holborn Assets, Reg Ormond, has died at the age of 50 from a sudden heart attack.
Deutsche AM revenue down 12%, Wealth down 8%
Deutsche Asset Management reported a net revenue decrease of 12% in the first quarter, dropping to €736m (£571.2m, $832.4m) from €840m in 1Q15.
‘Respectable’ results see Schroders AUM hit record
Better-than-expected institutional net flows helped push group assets under management to a record £325bn ($473.6bn, €418.7bn) in the first quarter of 2016, Schroders said on Thursday.
Middle East | 27 Apr 16
UAE regulator SCA extends scope to cover financial planning
The Securities and Commodities Authority (SCA) in the UAE has amended its regulations to enable licenced advisers to offer clients a full financial planning service, creating a “distinct line” between its remit and that of the Insurance Authority.