wealth management

Royal Bank of Canada (RB) Wealth Management has made several appointments to boost its onshore and offshore advisory services.

The newly formed wealth management group will use cutting edge technology and a contemporary approach to financial advice.

Advisers have welcomed news the FSA is writing to advice firms about drawdown to monitor trends in the light of April's new rules, as a remedy for drawdown abuse.

Sanlam UK is set to acquire wealth management firm Merchant Securities for £12.247m as it looks to further expand its UK footprint.

Mortgage and insurance network Stonebridge Group has partnered with national IFA Moneygate in a joint venture tie-up aimed at expanding its wealth management arm.

The number of financial advisers in the US - including wealth managers, IFAs and bank and insurer tied advisers - is declining rapidly just as demand for their services increases, according to new data.

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.