Managers of Wealth

Young Americans Seen Failing To Match Baby Boomers' Wealth Gains

In the working paper’s most recent data, the wealth gap between adults over 60 and those under 40 has more than doubled since the 1960s and 1970s.

Envestnet Data & Analytics Unveils New Vision at Money 20/20

Envestnet announces Platforms, Innovations and Partnerships to Serve the Technology, Banking and Wealth Industries through Data and Intelligence

UK’s economy still faces financial austerity under a new government

The country’s economic challenges have intensified in the wake of Liz Truss’ administration, but not changed.

Three challenges new PM Sunak faces to steady UK ship

Conservative MPs have installed Rishi Sunak as the new UK prime minister. Now he must reassure investors, reunite his party and regain voters’ trust.

Controversial Hobby Lobby CEO says he’s giving away company ownership because ‘wealth can be a curse’

The billionaire has not provided more detail about how the trust structure will work, or whether the shift in ownership will coincide with any new personal philanthropic efforts.

Royal Bank of Canada plans push into UK commercial banking segment

RBC is claimed to be the largest bank in Canada in terms of market value.

Credit Suisse banking on restructure revamp

The Zurich-based bank is a force on the international stage, especially since it took over the US investment bank First Boston in 1990.

'A watershed moment': Advisers react to Sunak as PM

He previously went up against Truss for PM in September, but lost.

Evelyn Partners Active MPS team re-balance models as range marks 10th anniversary

Over 10 years, all six models in the Active MPS range have outperformed their benchmarks

HSBC Holdings plc 3Q 2022 Earnings Release

We are focused on executing our plans and delivering our returns target of at least 12% from 2023 onwards and, as a result, higher distributions to our shareholders.

UK: Markets unfazed by Truss resignation

It was only a matter of when, not if, Liz Truss would be forced to resign. In the end, she lasted only 44 days.

Can UBS maneuver in a headwind?

Financial analysts at UBS Global Wealth Management expect the higher interest margin to have a positive impact.

UK retail sales plunge 1.4% as cost-of-living crisis tightens its grip on household finances

Food store sales volumes fell by 1.8% in September 2022, which leaves them 3.2% below their pre-coronavirus levels in February 2020

Almost half of the ultra-rich haven’t figured out how to pass on their wealth, research finds

While the 4,500 investors from 14 regions, who each have over $1 million worth of assets

Paul Killik banked £7.1m as business boomed ahead of March crash

Paul Killik banked £7.1m last year as business boomed ahead of the February crash.

No energy transition without Asia leadership

But 30 years of Asian industrial success and urbanisation have modified the landscape, and on the latest available data, Asia is now up to 31% while the old industrial nations are down to 46%.

How supporting workers brings business and investment benefits

Companies increasingly recognise the importance of supporting employees through difficult times. Many have taken a long-term view by investing in their people.

British economy "doomed", says Guy Hands

Mr Hands has also said that the UK will need bailing out by the International Monetary Fund if urgent action is not taken to redirect Brexit.

‘Young entrepreneur clients are not very profitable’: Veteran Bordier banker

Christophe Burtin also shared his approach to banker pay and private equity-backed wealth management company consolidators.

Rishi Sunak to become next prime minister

Sunak's appointment follows the departure of Liz Truss last week

Comment & Analysis