02/04/2013
JPMorgan Joins Rental Rush For Wealthy Clients: Mortgages
The firm’s unit that caters to individuals and families with more than $5 million, put client money in a partnership that bought more than 5,000 single family homes to rent.
Wealth and Asset Management
02/04/2013
Who Says Wealth Doesn't Buy Happiness? The Wealthy Do
The Spectrem study adds to a growing field of research on wealth and happiness.
02/04/2013
Vistra Acquires Althea
Vistra now employs over 60 staff across its Geneva, Zurich and Zug offices.
02/04/2013
UBS overhaul bearing fruit despite hefty quarterly loss
Wealth management businesses’ full-year net new money up CHF 11.3 billion to CHF 46.9 billion
02/04/2013
UBS to buy back 5 billion Swiss francs in senior debt after revamp
The tender offer period relating to euro and Italian lira denominated securities will end on 19 February 2013.
02/04/2013
Wells Fargo Targets Mideast Wealth Funds in Dubai Expansion
Wells Fargo & Co., the U.S. bank that counts billionaire Warren Buffett’s company as its largest shareholder, is targeting Persian Gulf sovereign-wealth funds as it seeks to expand its client base in the Middle East.
02/04/2013
Wealth tax removal sees sharp rise in Swedish repatriations
The tax was removed by the governing coalition in 2007
02/04/2013
LGBT wealth management service launched
LGBT Capital and Financial Partners has announced the launch of LGBT Wealth, the first Wealth management operation focused on the LGBT community in Asia.
02/04/2013
Pictet, Lombard Odier both set to switch structure to corporate partnerships
Both Pictet and Lombard Odier have announced they are to change their legal structures to corporate partnerships or "société en commandite par actions de droit suisse".
02/03/2013
Number of millionaire Brits hits 13,000 despite recession
New figures show the number of Britons earning at least £1million a year has increased to 13,000, thanks to the coalition government’s April tax cut, local media reported.
02/03/2013
Quilter Cheviot in search for new premises
NEWLY merged fund management firm Quilter Cheviot is searching for larger office space in Liverpool
02/03/2013
Schroders launches multi-asset Wealth Preservation fund
Schroders has announced the launch of Schroder ISF Wealth Preservation USD, a new fund which will offer investors a simple-to-understand, flexible investment vehicle which aims to preserve and grow savings under all economic conditions.
02/03/2013
Julius Baer profits jump 15%
Assets under management (AuM) increased by 11% to a new record high of CHF 189 billion.
02/03/2013
SA Wealth Worries survey reveals global economy fears
Global payments technology company Visa today released the results of its first annual Wealth Worries Survey 2013
02/03/2013
UK's wealthy investors pile into US real estate
In many cases investors have almost double in US real estate compared to what they have in other alternative investments
02/03/2013
Funds under management at Rathbones’ Bristol office breaches £1 billion
The office provides a range of investment services for almost 5,000 clients.
02/03/2013
Thai banks lure Asia's wealthy
As global growth has been shifting from Europe and North America to Asia, the number of wealthy Asians has been rising
02/03/2013
AWD picks Standard Life Wrap for HNW clients
The move will see high-net-worth clients with investable assets of £375,000
02/02/2013
And We're Back! Dow 14,000 Fuels a New Wealth Boom
The next American wealth boom has officially begun
02/02/2013
Switzerland shifts gold off the books in preparation for Basel III
Now, Pictet has decided enough is enough…