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....Varley was chief executive of Barclays until the end of 2010. Kalaris ran the wealth management arm of Barclays. ... [Read full article on Guardian ]
Monday 3rd of July 2017 06:18:16 PM
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....Varley was chief executive of Barclays until the end of 2010. Kalaris ran the bank’s wealth management arm. ... [Read full article on Guardian ]
Monday 17th of July 2017 11:52:18 AM
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Latest Finance News related to Wealth Management

Barclays bank and former bosses to stand trial in January 2019 image
Source : Guardian [Read Article] Monday 17th of July 2017 11:52:18 AM
....Varley was chief executive of Barclays until the end of 2010. Kalaris ran the bank’s wealth management arm. ...
Ex-Barclays chief John Varley appears in court over fraud charges image
Source : Guardian [Read Article] Monday 3rd of July 2017 06:18:16 PM
....Varley was chief executive of Barclays until the end of 2010. Kalaris ran the wealth management arm of Barclays. ...
Airline shares lower after terror attack image
Source : BBC [Read Article] Monday 5th of June 2017 08:11:29 AM
....4%. The firm was continuing to gain from Friday's announcement that the firm's wealth management arm had snapped up the financial adviser network Caerus Capital Group. ...
Lifetime ISA 'THREAT' to retirement income: How LISA could damage YOUR pension image
....Choosing to save into a Lifetime ISA over a workplace scheme would also mean missing out on valuable employer contributions, which will often match workers' monthly savings. Simon Massey, wealth management director at MetLife UK said: “It is very welcome that the Government is encouraging saving and the Lifetime ISA offers generous bonuses, but it is worrying if people are going to ditch pension saving in favour of LISAs. ...
Leading City firms begin to lay groundwork for London jobs exodus image
Source : Guardian [Read Article] Thursday 30th of March 2017 01:06:02 PM
....It is understood that JP Morgan has not yet made a decision about if or where it will move staff from London, but the Dublin office would be an option. In an internal memo sent to JP Morgan staff on Wednesday, Mary Erdoes, head of asset and wealth management, and Daniel Pinto, head of the firm’s corporate and investment bank, said: “Our size, scale and existing footprint across the continent mean that we have choices in terms of locations and legal entity structure. ...
Budget 2017: tax on dividends will be a raid on 2 million small investors image
....”. Jason Hollands at wealth management group Tilney says that for those already maximising Isas and pensions, it may make sense to transfer directly-held shares or funds to their spouse, if they are a non-taxpayer or basic-rate taxpayer, to reduce the tax liability. ...
Deutsche Bank shares hit by cash call image
Source : BBC [Read Article] Sunday 5th of March 2017 04:57:28 PM
....Deutsche will also partially float its asset management business and retain Postbank - the retail banking business that it had been expected to sell. The company will be reorganised around three divisions: private banking and wealth management; asset management; and corporate and investment banking. ...
Frankfurt prepares for Brexit bankers: 'Maybe our city will change them' image
Source : Guardian [Read Article] Friday 27th of January 2017 07:15:19 AM
....The decision announced last month by Swiss bank UBS to set up a new entity called UBS Europe SE in Frankfurt is being widely interpreted as the first major Brexit-influenced move. UBS also plans for its continental European investment banking and wealth management operations to set up shop in the German city, according to reports. ...
HMRC claws back celebrities' tax relief image
Source : BBC [Read Article] Thursday 15th of December 2016 12:17:51 AM
Charities fined over 'wealth screening' data breaches image
Source : BBC [Read Article] Tuesday 6th of December 2016 07:21:01 PM
....". The ICO said the two charities had employed wealth management companies to analyse the financial status of supporters. ...
Protecting your finances from the threat of dementia image
Source : Daily Express [Read Article] Wednesday 23rd of November 2016 08:30:00 AM
....Take power . Growing numbers of people are now setting up LPAs, with the number of registrations more than trebling from 129,000 in 2010 to 441,000 in 2015, according to official figures obtained by wealth management firm Old Mutual Wealth. ...
Brexit vote wiped $1.5tn off UK household wealth in 2016, says report image
Source : Guardian [Read Article] Tuesday 22nd of November 2016 07:00:29 AM
....The findings from the Credit Suisse Research Institute’s seventh annual global wealth report that found the overall growth in global wealth remained flat in 2016, following a trend that emerged in 2013 and contrasting sharply with the double-digit growth rates witnessed before the global financial crisis of 2008. Michael O’Sullivan, chief investment officer in Credit Suisse’s wealth management arm: “The impact of the Brexit vote is widely thought of in terms of GDP but the impact on household wealth bears watching. ...
Cashing in your pension will get you the low-down on a drawdown image
Source : Daily Express [Read Article] Wednesday 16th of November 2016 10:33:00 AM
.... . Simon Massey, wealth management director at MetLife UK, said: “The fact that so many drawdown customers are unhappy and did not understand the risks to their cash is a real threat to the success of pension freedoms. ...
PENSION WARNING: Savers giving up final salary benefits risk ending up with less  image
Source : Daily Express [Read Article] Tuesday 1st of November 2016 04:22:00 PM
.... But pensioners could end up with less income in the longer term if they cash in generous final salary payouts for lump sums. Simon Massey, wealth management director at MetLife UK said: “The record high for final salary transfer values is tempting savers to give up the security of a guaranteed income for non-guaranteed options, but there is a real risk that people will regret their decision. ...
Australian bank ANZ scales back Asian operations image
Source : BBC [Read Article] Monday 31st of October 2016 01:10:31 AM
....One of Australia's biggest banks, ANZ, is to offload part of its Asian operations. It has agreed to sell its retail banking and wealth management businesses in five Asian countries to Singapore's DBS. ...
How to hide it: inside the secret world of wealth managers | Brooke Harrington image
Source : Guardian [Read Article] Wednesday 21st of September 2016 05:00:17 AM
.... Doing so involves creating not just asset-holding and tax-avoidance structures but a new body of transnational institutions, which are expanding outside of any democratic process of checks and balances. In this way, the rise of the super-rich and the wealth management industry is creating an elite who are increasingly ungoverned and ungovernable. ...
Shock pension WARNING for savers five years from retirement image
Source : Daily Express [Read Article] Tuesday 20th of September 2016 12:41:00 PM
.... It comes as more savers take a hand on approach and manage their pension investments themselves. Simon Massey, wealth management director at MetLife UK said: “Lack of consumer choice and understanding is a real threat to the success of pension freedoms as savers who want guaranteed income are being driven into traditional drawdown without understanding the risks. ...
Nikkei falls as Bank of Japan meets image
Source : BBC [Read Article] Thursday 28th of July 2016 01:17:42 AM
....32 at the open. Investors have turned cautious following reports in local media that Chinese regulators are planning a clampdown on wealth management products, to curb risks to China's banking system. ...
Hold your nerve, financial advisers tell small investors image
Source : Guardian [Read Article] Friday 24th of June 2016 08:14:16 AM
....The message from financial advisers this morning to bewildered small investors is “hold your nerve,” while demanding that central bankers around the world act urgently to calm markets. Jason Hollands, managing director of wealth management group Tilney Bestinvest, said: “Investors are going to need to hold their nerve through the coming days. ...
China and Japan help ranks of the super-rich swell to more than 15m image
Source : Guardian [Read Article] Thursday 23rd of June 2016 04:43:08 PM
.... Asia-Pacific is expected to account for two-fifths of the world’s wealth within the next 10 years – more than that of Europe, Latin America, the Middle East and Africa combined. David Wilson, wealth management expert at Capgemini, said this was driven by demographics, as Asia was approaching 3 billion people compared with half a billion in North America, as well as digital penetration. ...
The super-rich blackmail us with threats to leave the UK. We should call their bluff image
.... But how many jobs is that? How many workers and how much in taxes? Look at the figures provided by the British Banking Association, the cheerleader for the finance sector. It estimates that private banking and wealth management employs about 15,000 people across a few postcodes in London, with a few thousand more across the rest of the country. ...
HSBC profits fall sharply as global volatility hits bottom line image
Source : Guardian [Read Article] Tuesday 3rd of May 2016 02:04:32 PM
....Related: HSBC chairman says scandals show banks must raise standards. Stuart Gulliver, HSBC’s chief executive, said: “Market uncertainty led to extreme levels of volatility in January and February, which affected our ability to generate revenue in our markets and wealth management businesses. ...
HSBC profits fall sharply as global volatility hits bottom line image
Source : Guardian [Read Article] Tuesday 3rd of May 2016 05:39:39 AM
....Related: HSBC chairman says scandals show banks must raise standards. Stuart Gulliver, HSBC’s chief executive, said: “Market uncertainty led to extreme levels of volatility in January and February, which affected our ability to generate revenue in our markets and wealth management businesses. ...
Source : Reuters [Read Article] Thursday 14th of April 2016 07:27:21 AM
.... . The platform will allow professional fund selectors at wealth management firms, independent financial advisors and individuals to rank a portfolio of funds, and use their fund-picking prowess as a personal or corporate reputation builder. ...
Scrap inheritance tax and tackle Cameron’s hypocrisy head-on | Polly Toynbee image
....Trusts have been partially reformed, but they go to the very heart of British tax avoidance culture. Look up any tax adviser and “wealth management” company, and protecting family money from inheritance tax is the core business they advertise. ...
Banks deny claims they helped avoid tax image
Source : BBC [Read Article] Tuesday 5th of April 2016 03:40:22 PM
....He added: "We require all clients to be tax compliant as a condition of receiving our products and services and take a risk-based approach to identify and prevent tax evasion that relies upon extensive anti-money laundering systems and controls, including the requirement to understand the source of clients' wealth. "The provision of trust and administration services is an entirely legitimate and key aspect of wealth management and succession planning. ...
How did Panama become a tax haven? image
Source : BBC [Read Article] Tuesday 5th of April 2016 02:24:18 PM
....". Mr Maugham says Panama makes available "an especially strict form of secrecy, a type of opacity of ownership, and (if the reports of backdating are correct) a class of wealth management profession[als] some of whom have especially compromised ethics. ...
Source : Reuters [Read Article] Thursday 31st of March 2016 11:03:30 AM
...."Obviously, markets will begin to react as we draw ever closer to the presidential elections. At the moment it's more focused on the Fed," said Peter Lowman, chief investment officer at Investment Quorum, a UK-based wealth management firm. ...
Source : Reuters [Read Article] Thursday 31st of March 2016 11:03:30 AM
...."Obviously, markets will begin to react as we draw ever closer to the presidential elections. At the moment it's more focused on the Fed," said Peter Lowman, chief investment officer at Investment Quorum, a UK-based wealth management firm. ...
'Robo-advice' sees 220 RBS jobs axed image
Source : BBC [Read Article] Monday 14th of March 2016 11:21:34 AM
....Robo-advice consists of a series of online questions, such as:. The provider, such as a bank or wealth management company, will then suggest how you should invest your cash, and then help you to do so. ...
How London’s booming ‘butler class’ takes care of the wealthy elite image
....Single-family office CEOs typically earn $330,000, according to Campden Wealth’s 2015 Global Family Office report. But Mark Somers, founder of wealth management recruitment firm Somers Partnership, said those employed by the largest family offices, with assets of several billion, could earn “easily double or triple that”. ...
Brent crude climbs as International Energy Agency says oil may have bottomed out image
....8p. The investment group climbed on Monday on talk it could split up its businesses, and its wealth management arm could be attractive to a predator. ...
Old Mutual will assess all options amid rumours of a £9 billion break-up image
Source : Daily Express [Read Article] Monday 7th of March 2016 07:39:00 PM
. The FTSE 100 firm is reported to have had an approach for its wealth management business, a big UK stock market investor and a sponsor of England rugby union. ...
Old Mutual 'considering all options' image
Source : BBC [Read Article] Monday 7th of March 2016 08:23:29 AM
....5bn. The group, which was founded in South Africa in 1845, is made up of a wealth management arm, an international asset management business, an emerging markets division, and a majority stake in South African lender Nedbank. ...
Share hunter: Barclays ensuring sums add up for reform image
Source : Daily Express [Read Article] Monday 7th of March 2016 12:01:00 AM
.... Looking forward, Staley is trying to restructure the bank into two key divisions. Barclays UK still comprises a high street bank, serving 22 million retail customers and almost a million smaller businesses with current accounts, loans, cards and mortgages, plus wealth management. ...
Brazil's economy slumps to 25-year low image
Source : Guardian [Read Article] Thursday 3rd of March 2016 05:47:00 PM
.... The index, which tracks companies across the economy, dropped to 39 in February, marking the 12th month running below the 50-point mark that separates expansion from contraction. Brazil’s economy had been hit hard by a collapse in commodity and oil prices in the past two years, said Mihir Kapadia, head of Sun Global Investments, an emerging markets wealth management company in London. ...
WH Ireland fined for oversight failure image
Source : BBC [Read Article] Tuesday 23rd of February 2016 01:27:23 PM
. The Financial Conduct Authority has fined broker and wealth management firm WH Ireland £1. ...
Regulator fines WH Ireland £1.2m for serious failings image
Source : Telegraph [Read Article] Tuesday 23rd of February 2016 07:59:21 AM
.... . "Looking forward, we, the management team can now focus our efforts on developing both our wealth management and corporate broking divisions, and continue to provide a high level of service for clients, alongside driving revenues and creating long term value for our shareholders. ...
HSBC rolls out voice and touch ID security for bank customers image
Source : Guardian [Read Article] Friday 19th of February 2016 09:13:55 AM
.... The bank hopes the software will help tackle the issue of forgotten passwords. Francesca McDonagh, HSBC UK’s head of retail banking and wealth management, described the move as “the largest planned rollout of voice biometric security technology in the UK”. ...
HSBC to launch voice and touch ID system image
Source : BBC [Read Article] Friday 19th of February 2016 12:01:26 AM
....First Direct's customers will be offered the voice and fingerprint recognition system over the next few weeks, followed by HSBC's in the summer. Francesca McDonagh, HSBC UK's head of retail banking and wealth management, described the change as "the largest planned rollout of voice biometric security technology in the UK". ...
Hedge fund Knight Vinke ditches stake in UBS image
Source : Telegraph [Read Article] Wednesday 17th of February 2016 04:11:35 PM
.... . Knight Vinke had expressed concern over UBS' investment banking operations, arguing that they were being cross-subsidised by the wealth management arm. ...
Alliance Trust's Garrett-Cox to leave in March image
Source : Guardian [Read Article] Monday 15th of February 2016 11:56:52 AM
....After rejecting Elliott as an opportunist agitator, Alliance Trust crumbled under shareholder pressure in April and appointed two of Elliott’s nominees to the board last April. Alliance Trust spent £3m trying to repel Elliott but later agreed to cut costs, split fund management from its wealth management operation and buy back shares to increase shareholder returns. ...
FTSE 100 overcomes jitters after Fed fails to come to the rescue  image
Source : Telegraph [Read Article] Wednesday 10th of February 2016 06:52:46 AM
Credit Suisse posts first loss since 2008 image
Source : Guardian [Read Article] Thursday 4th of February 2016 12:09:25 PM
.... Its stock price is down 32% since the start of 2016. Thiam, who took over in July, said he would stick with his plan to focus more on wealth management in emerging economies and cut costs in the investment bank, despite the turbulent start to markets this year. ...
New financial MELTDOWN set to sink EU as German banks lose £14,292,610,000.00 in 90 DAYS image
....Standard Charted closed down nearly six per cent, Barclays five per cent and Lloyds, HSBC and RBS all nearly four per cent. Swiss bank UBS also slumped, falling nearly seven per cent, after reporting a surprise outflow of funds from its flagship wealth management business. ...
Nutmeg cuts fees amid arrival of cheaper 'roboadvisers' image
Source : Telegraph [Read Article] Tuesday 2nd of February 2016 02:02:15 PM
. Nutmeg, an online wealth management company, has trimmed the charges its applies to investors' portfolios. ...
UBS hit by Asian slowdown and market volatility image
Source : Telegraph [Read Article] Tuesday 2nd of February 2016 10:23:12 AM
. Profits tumbled at UBS’ core wealth management and investment banking divisions in the fourth quarter of 2015, sending shares diving. ...
China arrests 21 for $7.6bn 'scam' image
Source : BBC [Read Article] Monday 1st of February 2016 06:44:04 AM
.... . But authorities have been struggling to regulate the wealth management industry, estimated to be worth more than $2. ...
St James's Place shrugs off stock market slump to bring in more savers image
Source : Telegraph [Read Article] Thursday 21st of January 2016 02:51:15 PM
.... . Charles Stanley, which sold its stockbroking business last year to focus on discretionary wealth management, said it increased funds in its discretionary business while allowing funds in its costlier advisory-managed business to continue falling. ...
US banks beat forecasts image
Source : BBC [Read Article] Tuesday 19th of January 2016 02:01:08 PM
...." . Similarly, Bank of America has cut costs in its commercial lending, investment banking and wealth management businesses to try and offset sluggish revenue growth. ...
Harry Nimmo: How I beat rivals in 2015 and my share tips for next year image
Source : Telegraph [Read Article] Saturday 26th of December 2015 08:04:24 AM
.... . “Firms that offer wealth management services are well placed to grow on the back of the pension freedoms that were ushered in by the government earlier this year,” Mr Nimmo said. ...
JP Morgan Chase to pay $307m for steering investors toward own products image
Source : Guardian [Read Article] Friday 18th of December 2015 06:51:28 PM
. JP Morgan Chase agreed to pay $307m on Friday to settle charges that two of its wealth management units failed to disclose conflicts of interest when promoting investments to its wealthy clients. ...
City news: Aggreko, Glaxo, WH Ireland and Sports Direct image
Source : Daily Express [Read Article] Friday 18th of December 2015 06:43:00 PM
....-------------------------------------------. SHARES in broking and wealth management firm WH Ireland fell 11p to 89½p after it warned it faces a “substantial fine” from the City regulator following a review into its business. ...
WH Ireland braced for 'substantial fine' from the financial watchdog image
Source : Telegraph [Read Article] Friday 18th of December 2015 10:43:50 AM
.... . Many brokers have diversified into wealth management to counteract falling revenues from share dealing, which remains subdued when compared to activity in the City before the 2008 financial crisis. ...
Standard Chartered poaches top HSBC banker Simon Cooper image
Source : Telegraph [Read Article] Thursday 17th of December 2015 02:56:11 PM
.... . Earlier this week Standard Chartered announced it had hired Didier von Daeniken from Barclays to head up the newly combined private banking and wealth management operations. ...
Ex-Barclays chairman David Walker takes blockchain job image
Source : Telegraph [Read Article] Tuesday 15th of December 2015 08:41:44 PM
.... Standard Chartered's new boss Bill Winters is leading a radical shakeup of the bank's leadership and structure. He will be global head of private banking and wealth management from March 2016 at the emerging markets specialist. ...
Moneysupermarket founder to drive down investing costs with new 'roboadviser' image
.... . MoneyFarm, launched in Italy in 2012, is another online wealth management service that plans a full launch in the UK in the new year. ...
City News: Celesio, Dow-DuPont, Bellway, Standard Chartered image
Source : Daily Express [Read Article] Friday 11th of December 2015 09:17:00 PM
....8 per cent of the new shares issued, with the remainder sold in the market at 505p each. Standard plans to cut 15,000 jobs from its 86,000 global workforce as it pulls back from riskier lending to big business to focus on retail banking and wealth management. ...
Source : Reuters [Read Article] Wednesday 9th of December 2015 12:05:29 PM
.... Britain's financial regulator has identified five wealth managers whose investment portfolios are so out of line with client needs that they could be fined and a third party appointed to restructure them, it said on Wednesday. Announcing the results of a review of wealth management firms and private banks, the Financial Conduct Authority (FCA) said the five unnamed firms may be required to undertake "significant remediation programmes" to raise standards and ensure they can consistently demonstrate the suitability of investment picks in future. ...
Source : Reuters [Read Article] Wednesday 9th of December 2015 10:37:13 AM
.... Britain's financial regulator has identified five wealth managers whose investment portfolios are so out of line with client needs that they could be fined and a third party appointed to restructure them, it said on Wednesday. Announcing the results of a review of retail wealth management firms and private banks, the Financial Conduct Authority (FCA) said the five unnamed firms may be required to undertake "significant remediation programmes" to raise standards and ensure they can consistently demonstrate the suitability of investment picks in future. ...
Luxembourg plots to steal London’s financial crown image
Source : Telegraph [Read Article] Thursday 3rd of December 2015 02:09:15 PM
.... “Its financial industry… grew to a global role without being covered by banking secrecy. Its wealth management industry has risen to prominence for its unique expertise and lately came to suffer more from the stigma of tax secrecy,” the report said. ...
Brewin Dolphin shrugs off threat of robo-advisers as it looks to grow financial advice business image
.... . The firm, which began in 1762 as a stockbroker, sold off its corporate broking arm and raised £40m in a rights issue two years ago to fuel its shift towards discretionary wealth management and financial planning, which come with higher fees than a traditional savings account. ...
What are the UK's highest paid jobs of 2015? image
Source : Guardian [Read Article] Wednesday 2nd of December 2015 08:27:12 AM
....Minimum qualification for a stockbroker: It depends on the firm, but you typically need a degree. You will then need to get a relevant investment or wealth management qualification approved by the Financial Conduct Authority (FCA), such as the investment advice diploma from the Chartered Institute for Securities & Investment. ...
HSBC ends private banking in India image
Source : BBC [Read Article] Friday 27th of November 2015 11:04:45 AM
....Clients will be given the choice to move to HSBC's retail arm. The future of the wealth management unit's 70 staff will be decided early next year, when it is due to close. ...
Barclays fined £72m over 'elephant deal' image
Source : Guardian [Read Article] Thursday 26th of November 2015 11:47:18 AM
....9bn – so large that it aroused the interest of the Financial Conduct Authority. It was the largest deal of its kind that Barclays’ wealth management operation had executed, and the names of the clients – so-called politically exposed persons (PEPs) – were so sensitive they were kept confidential, even inside the bank. ...
Source : Reuters [Read Article] Thursday 26th of November 2015 11:41:39 AM
....Bob Diamond was the chief executive of Barclays from the start of 2011 until he left in July 2012. The head of its wealth management business in 2011 and 2012, which oversees dealings with rich clients, was Tom Kalaris. ...
Investec shrugs off rand's decline to beat profit forecasts image
Source : Telegraph [Read Article] Thursday 19th of November 2015 12:54:27 PM
. The Anglo-South African bank Investec has shrugged off the punishing effects of the falling rand to report a double-digit rise in operating profits and an increase in new assets in its wealth management business. ...
Stand by for the next generation of financial advice … from a robot image
Source : Guardian [Read Article] Sunday 8th of November 2015 07:00:01 AM
....But if you’re expecting to be faced with a friendly machine such as C-3PO, prepare to be disappointed. Current robo-advisers are essentially online wealth management services which use algorithms to suggest automated investment portfolios based on customers’ goals and attitude to risk. ...
UBS to grow investment bank image
Source : Telegraph [Read Article] Tuesday 3rd of November 2015 09:02:38 PM
.... . UBS' chairman Axel Weber said the bank's wealth management division is suffering as clients are cautious about the wider economic outlook  Photo: Bloomberg. ...
Standard Chartered investors give Bill Winters that kitchen-sinking feeling image
Source : Telegraph [Read Article] Tuesday 3rd of November 2015 08:06:27 PM
.... And the collapse in revenues revealed in Tuesday’s quarterly results would certainly suggest that there’s more pain to come. On the flipside, Winters clearly wants Standard Chartered to pivot away from the more lumpy corporate and institutional business to focus on the steadier revenue streams that come from private banking and wealth management. ...
Standard Chartered seeks £3.3bn from shareholders image
Source : Guardian [Read Article] Tuesday 3rd of November 2015 07:58:37 AM
....Stephen Andrews, analyst at investment bank UBS, said: “We believe this is one of the most significant repositionings of a large financial group we have seen. The aim is to reposition the group away from low return corporate banking towards higher return retail/wealth management businesses. ...
Standard Chartered loss hits shares image
Source : BBC [Read Article] Tuesday 3rd of November 2015 07:09:07 AM
....Standard Chartered has already shed some businesses, in Hong Kong, China and Korea, to help improve its capital position. Among the plans announced on Tuesday, Standard Chartered said it would invest more than $1bn to reposition its retail banking, private banking and wealth management businesses, as well as upgrade its Africa franchise and yuan services. ...
HSBC delays HQ decision until next year image
Source : Telegraph [Read Article] Monday 2nd of November 2015 07:57:39 AM
.... . Group chief executive Stuart Gulliver said the performance was "resilient", but that a stock market correction over the summer in Asia, sparked by a sell-off in China, weighed on revenue at its retail banking and wealth management divisions as well as its global banking and markets unit. ...

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