wealth management

RBC Wealth Management has beefed up its Middle East desk with the appointment of two new directors.

Discretionary wealth manager AFH Financial Group has floated on the PLUS-quoted market following a successful subscription raising £1,757,000.

The world's richest clients are now less loyal to their private bankers and wealth managers as well as less trusting and more demanding, according to a PwC survey.

The FSA is warning wealth managers to honour their obligations to clients after a review of 16 firms raised suitability of advice concerns.

SGPB Hambros, part of Societe Generale Private Banking, has announced the completion of its acquisition of the private client investment management business of Baring Asset Management in Guernsey and London.

Private client stockbroker Charles Stanley Group has acquired wealth manager Jobson James Financial Services for a maximum £2.25m, the purchase price being subject to revenue targets being met over the next two years.

Ex-pat retirees who receive their pensions in sterling are seeing their incomes squeezed by the weak pound, an international wealth management firm said.

Ashcourt Rowan, the wealth management arm of Syndicate Asset Management, has appointed two regional directors as part of its ongoing expansion.

Montpelier Pension Administration Services (MPAS) is planning to sell its SIPP business.

Millwall FC veteran Darren Ward has set up a wealth management business to look after the finances of peers plying their trade outside of the Premiership elite.