05/19/2016
UBS Wants to Sic a New Robo on the Ultra-Rich
UBS is on track to roll out a new robo-advice platform geared to its “ultrawealthy” clientele next year,
Wealth and Asset Management
05/19/2016
Private banking sector set to evolve with fintech
“Fintech applications will make a big difference.”
05/19/2016
What does the future hold for wealth managers in Asia?
Margin erosion is partly due to fee decline and partly a result of rising costs, primarily compliance related spending.
05/19/2016
$1.2 billon adviser team leaves Morgan Stanley for Bank of America Merrill Lynch
The group is led by Andrew Zimmerman, who's making a return to Merrill
05/19/2016
Island of 60,000 emerges as US$265 billion US Treasuries haven
The stockpile makes the British territory, an offshore tax haven with about 60,000 residents
05/19/2016
HNW investors expect European equities to overtake the US
This is in contrast to 2015 where over half of investors believed equities would perform the best.
05/18/2016
UBS Group, Credit Suisse Group: Is Wealth Management the Only Hope?
As a result, the banks are cutting on their non-profitable business lines.
05/18/2016
Rathbones partners with Credit Suisse for private office
At a group level, Rathbones announced that total funds under management rose 0.3% from £29.2 billion to £29.3 billion in the first three months of the year.
05/18/2016
Credit Suisse Targets Rich Thais to Meet Wealth Goal
The bank is being lured by the pool of wealth held by the nation’s rich -- estimated at $456 billion in a 2015 report by Cap Gemini and RBC Wealth Management
05/18/2016
Credit Suisse Targets Rich Thais to Meet Wealth Goal
Led by Chief Executive Officer Tidjane Thiam, Credit Suisse is seeking to double pretax income and client assets under management in the Asia Pacific by 2018.
05/18/2016
Competitors using recent PB acquisitions to lure front line talent
Hiring one relationship manager after another is too slow in an environment where private banks are already spread so thin
05/18/2016
What has Wealth Management got to do with Dominos Pizza? by Scorpio Partnership
With USD30 trillion of HNW assets expected to pass from the older generation by 2050, the wealth industry could be about to witness one of the greatest wealth transfers of all time.
05/18/2016
Brown Brothers Harriman expands trust services in Hong Kong
The potential inclusion of ETFs in Stock Connect, a cross-border initiative launched in 2014 that links the Hong Kong and Shanghai stock exchanges
05/17/2016
UBS Americas Wealth Unit Partners With Robo-Advisor
The firms will form a research lab to collaborate on new wealth management tools as part of the venture, UBS said in a press release.
05/17/2016
Wealthy Clients Demand More Digital Services From Advisors
Firms have much catching up to do to retain clients and wealth managers
05/17/2016
Schroders to Add Brookfield Credit Team Managing $4 Billion
The unit will join with Schroders’ ABS team in New York, and the combined group will oversee more than $8 billion, according to a statement from the company that didn’t disclose terms.
05/17/2016
BOS aims for $137b in assets by 2020
The private bank has about 300 relationship managers
05/17/2016
ICBC to drop comprehensive wealth management business
The financial income will be used to deduct his loan interest, according to a Beijing Youth Daily report.
05/17/2016
Business booms for wealth managers
Award caps anniversary for firm
05/16/2016
UK M&A boom: the top targets in Rothschild AM's new fund
The fund, which follows the same investment philosophy as the Europe Synergy fund the pair already co-manage, is around 95% invested in potential takeover targets.