06/15/2015
UBS looks beyond HK island to expand market share
UBS is expanding its wealth management business in Kowloon and the New Territories, having signed a lease on a new office at One Peking Road in an effort to woo wealthy entrepreneurs.
Wealth and Asset Management
06/15/2015
HK wealth management market seen expanding 30% in 3-5 years
Hong Kong’s wealth management market could expand by 30 percent in three to five years amid cross-border stock trading links and mutual recognition of funds, according to a senior UBS official.
06/15/2015
UBS May Shift 20,000 Workers Into New Service Centers, SZ Says
The process may take two to three years, as contracts are drawn up between units and as assets and intellectual property are transferred.
06/15/2015
Do you need your own private banker?
The needs and attitudes of these investors are reflected in data that shows fewer than half of Australia's high-net-worth investors have a private banker.
06/15/2015
Old Mutual Aims To Sell 11 Million Shares In US Boutique Asset Manager
Old Mutual PLC Monday said it is set to sell 11 million shares in OM Asset Management PLC, the boutique asset manager it spun off in a float on the New York Stock Exchange in the autumn of 2014.
06/15/2015
Morgan Stanley Global Sports & Entertainment Teams Up with Former Professional Athletes
Retired professional athletes, Bart Scott and Antoine Walker, bring real-life lessons on athletes’ financial opportunities and challenges
06/15/2015
The Increasing Demand For Personal Business Managers
Personal business managers – sometimes referred to as personal CFOs – perform a number of functions for their affluent clients.
06/14/2015
Wealth management services: targeting the 'mass affluent'?
So it's big business.
06/14/2015
Napoleon and Wellington's ancestors go head-to-head…200 years after Battle of Waterloo
Jean-Christophe Napoleon Bonaparte and Arthur Mornington, Marquess of Douro, are investment managers in rival private equity firms in London
06/14/2015
A financial planner explains why even rich people are stressed about money
But what if you have enough? What if you have more than enough, and you’re still anxious about your finances?
06/12/2015
Merrill Lynch Rolls Out Wealth-Allocation Framework
Merrill Lynch is emphasizing goals-based wealth management — even as some FAs say they’ve been using this approach for decades.
06/12/2015
New Standard Chartered Chief to Cut More Costs as Review Begins
The bank enjoyed a decade of unbroken profit growth until 2013
06/12/2015
Merrill Lynch Introduces New Sustainable Impact Multi-Asset Class Portfolios
Merrill Lynch today announced that it has added sustainable impact multi-asset class portfolios to its expanding platform of impact portfolios to serve clients interested in using their investment capital for positive social and environmental purposes.
06/12/2015
Online wealth advisers set for client influx: Nutmeg CEO
The flow of clients moving to online wealth management services from traditional banks could increase sharply as wealthy clients focus more on low fees and warm to online advice, the co-founder and CEO of British start-up Nutmeg said.
06/12/2015
Ex-Brewin trio and Barclays Wealth man set up own firm
Three former Brewin Dolphin directors have joined forces to launch their own investment management firm, Brighton Capital Management
06/12/2015
Mirabaud launches corporate bond fund
The team’s approach is to identify relative value opportunities across sectors
06/12/2015
Rothschild Terminates Plans for Commodities Fund
An investment advisory arm of Anglo-French investment group Rothschild has pulled the launch of a commodity finance fund, “despite significant work on this project,” according to company filings.
06/11/2015
Goldman Sachs raises $1bn fund for private company investments
Goldman Sachs has raised more than $1bn from its wealthy individual clients for a fund that will invest in fast-growing private companies, as the global market for unlisted company fundraising gathers pace.
06/11/2015
Bridging the Gap between Wealth Management and the Retail Bank
By using a data-driven, harmonized, and modernized sales approach, banks may be able to determine what the consumer wants to purchase and how he or she wants to purchase it
06/11/2015
How to keep wealth in the family for the long haul
Wealth is volatile -- it can be lost as quickly as it is created