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RBC Wealth Management has appointed Michael Kay to head up RBC’s department for international ultra high net worth (UHNW) client credit solutions.
Royal Bank of Canada's global wealth division, RBC Wealth Management, is set to acquire the Latin American, Caribbean and African private banking business of Coutts, the wealth division of Royal Bank of Scotland Group. The business has client assets in excess of US$2bn.
The number of people earning more than £100,000 per year who use financial advisers has halved since 2008, according to AT Kearney.
Other high net worth articles
Berry Asset Management has inked a strategic partnership deal with outsourcing outfit SEI as the wealth manager looks to expand its offering in the high net worth space.
Financial security for the family is the top concern of ultra high net worth individuals, according to advisers.
Aviva has overhauled its approach to large case underwriting, to make the process quicker and easier.
The Investment Management Association (IMA)'s head of tax Stephen Lynam is retiring after more than 30 years in the industry.
Around half of high net worth (HNW) individuals place themselves in the ‘balanced’ risk category, while the majority expect to pay less for financial advice than they would for an accountant or lawyer.
Retirement Planner’s round up of the week’s key pension stories
Zurich UK Life’s Nigel Needs says an opportunity has arisen for IFAs to get in on the HNW protection market and explains how to do it.
A roundup of the latest new appointments and moves on the international circuit.
Coutts, the private banking arm of RBS, has changed its lending criteria for mortgage clients who will need to have £1m of investable assets before it considers applications.
The Chancellor has said the 50p top rate of income tax is only a "temporary" measure, though he is not yet ready to scrap it.
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