Brooks Macdonald Group predicts offshore growth after positive year results 13:59 GMT
Chris Macdonald and Simon Jackson, the chief executive and finance director respectively of London-based Brooks Macdonald, have said investment “opportunities offshore are extreme,” following the announcement of the firm’s year end results (see thewealthnet 17/09/2014).
Brooks Macdonald discretionary FUM exceed £6.6bn 08:00 GMT
Brooks Macdonald Group has reported a year on year increase of 28 percent in discretionary funds under management (FUM) to £6.55 billion driven by acquisitions, performance and organic growth, the company said in its results statement for the year ended 30 June 2014.
Waverton grows client assets by 30 percent during first year of independent ownership 15/09/2014
Client assets managed by London-based Waverton Investment Management (Waverton) increased by 30 percent from £4.0 billion to £5.2 billion in the twelve months to 31 August, the first year of operation following its acquisition from Credit Suisse by Somers Limited and its management.
Tavistock reduces loss as it embarks on new wealth venture 05/09/2014
How Hargreaves Lansdown could dominate UK discretionary asset management 04/09/2014
The post results analysts conference hosted by Ian Gorman, its chief executive, and Tracey Taylor, its chief finance officer, provided further evidence of the extent to which Bristol-based Hargreaves Lansdown dominates certain segments of the UK wealth management sector, such as execution only (XO) stockbroking and the investment platform market.
Hargreaves Lansdown reports 'record' year results 03/09/2014
Bristol-based Hargreaves Lansdown, the UK market leader in the self-directed segment of UK wealth management, has reported that growth in revenue, profits, assets under administration and active client numbers have reached “new record levels” in its results for the year ended 30 June 2014.
Sunlight and roses at Lombard Odier and Pictet 29/08/2014
Perfectionists may quibble that the inaugural sets of results posted by Lombard Odier and Pictet, two of the big Geneva-based private banking groups, may still be short of disaggregated and comparative time series-related details. But the consolidated data provided enables analysts and students of the Swiss private sector to answer a number of long standing questions about the absolute and relative size of both organisations as well as profitability and the efficiency with which they run their operations.
Brown Shipley owner reports EUR 50 million half-year profit 28/08/2014
KBL European Private Bankers (KBL epb), the Qatari-backed owner of Brown Shipley, reported a net profit of EUR 50 million for the first half of 2014, up more than 19 percent compared to EUR 41.9 million for the same period last year. Total assets under management were up by EUR 1.7 billion.
Lombard Odier makes CHF 62.5 million during first six months as a corporate partnership 28/08/2014
Lombard Odier, which claims to be Geneva’s oldest bank, generated consolidated net profits of CHF 62.5 million for the first half of 2014, according to its inaugural results release, the first since its establishment in 1796.
LGT boosts profits and adds HSBC Swiss banking assets 27/08/2014
Liechtenstein's LGT Group reported that first-half net profit rose more than 19 percent to CHF 102.8 million amid a continuing rise in assets under management as well as a gain in trading and other income.