US tariffs and Iran war cited among motivations for the rich to spread risk
Patrick Drahi-owned auction house contends with heavy debt burden in shrinking market
Revised goals involve net revenue and value of assets clients entrust to bank as business has lagged Wall Street peers
The rich are increasingly relying on financial advisers to get them out of harm’s way during the Iran war
In this edition: Charles Spencer asks what it’s like to live in one of Sir John Vanbrugh’s masterpieces; Clare Maurice examines the tax, visa and estate-planning pitfalls US citizens should weigh before relocating to the UK; Bryce Elder argues that One Hyde Park’s forbidding exclusivity is not a flaw but the very essence of its appeal.
The secret to sustaining generational wealth isn’t financial wizardry but long-term character
To make sure you avoid the traps, time your arrival and restructure your trusts
A firm should think carefully about which risks are worthwhile and tolerable to their clients
Expansion comes despite increased scrutiny of flows from China after high-profile money-laundering scandals
Large advisers seek to win clients away from competitors that are slower to respond to tech disruption
Digital currencies add new dimension to old problem of dividing up finances when couples split
From luddite businesses to those that rely on workers who’ve lost their jobs, the new technology spares no one
St James’s Place leads declines with double-digit slide on FTSE 100
Acquisition of Evelyn Partners will help UK bank grow in wealth management and reduce exposure to rate moves
First major acquisition since full return to private hands last year will come as high street banks seek to diversify
UK wealth manager’s net inflows climbed as investors sought to shield themselves against potential tax changes
Complete the FT’s bonus survey and see how your payout will measure up
Negotiations come as asset managers turn to retail investors after slowdown in flow of cash from institutional backers
Number of private wealth-management companies for rich individuals has grown in the US over the past decade
Decline triggers return of ‘loan-to-own’ lenders aiming to take control of pieces cheaply through defaults
Swiss private banks report rising demand from Asian family offices and rich individuals to book assets in Europe
Ida Liu to join Europe’s largest lender as head of its global private bank
Undeterred by reports of an exodus of the wealthy from the UK, a new breed of institution is opening its doors
The bank has focused less on searching for an identity than on building one — with asset management a key operation
Overwhelming majority opposed wealth tax in contentious referendum
