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Lagging satisfaction levels among young clients, says Ledbury Research 14:01 GMT
Under-45 clients of wealth managers in the UK are significantly less satisfied with their wealth managers than their older counterparts, new research has found.

New service launched to introduce American clients to Swiss-based wealth managers 14:01 GMT
Where Americans are Welcome (WAAW) has launched a new website, Americanswelcome.ch, aimed at American investors domiciled in the United States and abroad.

Commodity allocations amongst UK HNWIs to diminish by 2018, research finds 08:02 GMT
Allocations in commodities in the UK are expected to decline over the coming years, reaching just 1 percent of total assets for high net worth individuals (HNWI) by 2018, according to Research and Markets’ latest report, HNWI Asset Allocation in the UK 2014.

Market correction, not collapse, says BNY Mellon 08:02 GMT
The return of volatility to equity markets raises the question of whether the turbulence is merely an expected side effect of the shift in monetary policy as the Federal Reserve ends quantitative easing, or a signal of more serious trouble to come. According to BNY Mellon this is a period of correction rather than a collapse.

Costs reductions boost Credit Suisse's third quarter ‘strategic' private banking and wealth management profits 08:02 GMT
Credit Suisse reported third quarter pre-tax profits of CHF 872 million for its “strategic” or core private banking and wealth management operations, a 7.9 percent increase on the CHF 808 million reported a year earlier.

UK's ethical investors warm to nuclear power 08:02 GMT
A significant number of leading ethical investors have softened their opposition to nuclear power as doubts grow over the adequacy of wind and solar power as substitutes for carbon-based energy sources, a Kames survey has found.

Nearly a quarter of finance CVs are embellished, research finds 08:02 GMT
Almost a quarter of checks on financial services job applications reveal inaccuracies, according to a new report from pre-employment screening company First Advantage.

Private clients turn to investment trusts, says Hargreaves Lansdown 22/10/2014
Bristol-based Hargreaves Lansdown has revealed a growing appetite for investment trusts amongst its clients, with the number of those holding investment trusts in their Vantage accounts having doubled in the last 5 years.

Towers Watson launches global not-for-profit institute for investment managers 22/10/2014
Global investment consultancy firm Towers Watson is launching a global not-for-profit Thinking Ahead Institute in an effort to influence change in the investment world to improve the provision of savings.

Russian private bank strengthens Moscow footprint and announces further expansion 22/10/2014
VTB24 Private Banking, the private banking arm of Russia’s VTB Bank, has opened a second office in Moscow.

 
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