The week in review - the most read stories on thewealthnet
Monday: Coutts is to adopt a robo advice service as part of its offering, thewealthnet revealed; a move which could not be without risks.
Tuesday: US regulators fined Barclays Capital Inc. and Credit Suisse Securities (USA) LLC $70 million and $ 84.3 million respectively over their dark pools and light pool trading systems.
Coutts cut its Liverpool office - the first of a cull?
Wednesday: Nutmeg cut its fees and UBP increased AUM. UBS reported its annual figures.
Three former senior employees of Bristol-based Hargreaves Lansdowne, launched a new execution only service targeted at rich investors.
Thursday: Sarasin-Alpen, a Mid-East affiliate of J Safra Sarasin, pulled out of Dubai in the wake of what is considered to be the biggest ever financial mis-selling case in the Gulf.
UBS Wealth Management hired an alternative investments distribution specialist for UK & Jersey.
Editor-at-large Ian Orton evaluated Kleinwort’s value.
Credit Suisse’s private banking business reported a fourth quarter 2015 pre-tax loss of CHF 56 million.
Read analysis here.
Friday: Tilney Bestinvest acquired London-based discretionary investment manager Ingenious Asset Management.
The deal, which is due to complete in April, will see the addition of £1.8 billion in client assets.
Freddie Pooter traced the roots of some private banking dynasties.