Managers of Wealth

Will wealth managers nimbly respond to changing needs of high-net-worth investors?

Wealth management, an industry long accustomed to steady growth and healthy profits, is now facing significant headwinds — and opportunities.

Wealth Management Buoys Ameriprise’s Q2 Earnings

Pretax operating margins within the wealth management division increased 11.6% compared to 11.3% a year ago due to cost-cutting that “helped to offset the impact from low interest rates.”

Hong Kong’s Largest Bullion Vault Signals Rising Asia Wealth

The move in Hong Kong reflects increased demand for gold in Asia even as the commodity struggles to sustain its rally into a 12th year.

Raymond James 3Q Net Up 63% on Double-Digit Revenue Growth

The investment-banking and wealth-management company had seen its profits decline in recent quarters as market volatility challenged its revenue growth.

SJP profits rise after record sales quarter‎

Funds under management of £30.9 billion up 8% since the start of the year

Rathbone Brothers funds under management grow by 5% ‎

Rathbone Brothers saw its assets under management grow by 5 per cent in the first half of the year, rising to £16.7bn.

Germany's Oldest Private Bank Calls for Bank Separation

The danger and potential expense posed by an investment bank to a retail bank are just too great, the reformers argue.

Union Bancaire Privée Increases AUM by 6%

This increase is the result not only of net inflows from both private and institutional clients but also of market and exchange-rate effects, and of UBP's acquisition of Nexar Capital Group in February 2012.

Arbuthnot Latham reports Pre-tax profits increased of £1.4m

Arbuthnot Banking Group has continued with the transformation of its business and has traded strongly in the first half of 2012.

Advisers with high net worth clients should not ignore liquidity requirements

Cash is king... but shouldn't it also be managed?

Lloyds' wealth and asset finance arm reports £995m loss

In its wealth, asset finance and international business, which includes the bank's wealth management arm, Lloyds reported a £995 million loss, despite growing its affluent and high net worth customer numbers

Adviser confidence in global economy has hit a 12 month low - Research

Europe and UK also reported below average confidence in their local economies compared to advisers in Asia who are significantly more confident in their local economies than the global economy.

Private bankers on call 24/7 – invitation only

“The downside is the bankers assigned to such a service are typically young and eager to progress up the ranks, meaning if they are any good they move on rapidly, and building a personal relationship is difficult. But value for the service is good,&

Pictet targets tax efficiency to boost Spanish funds business

Pictet Wealth Management says it is able to build market share in Spain because of its ability to manage foreign accounts on behalf of local clients.

EFG Int core profit up, overhaul nearly complete ‎

Revenue-generating Assets under Management were CHF 76.5 billion, down 4% on a year earlier and down 2% compared to end-2011, primarily reflecting the impact of businesses being exited as a result of EFG International’s business review.

Merrill Lynch Wealth Management launches 2012 Global Investing Programme for next generation UHNWI

Merrill Lynch Wealth Management announced the launch of its annual Global Investing Programme, welcoming 50 next generation ultra high net worth individuals from Europe, the Middle East and Africa to London.

The allure of investing in ‘treasure’

Richard Clark and Simon Patterson, Private Bankers at Barclays Wealth and Investment Management, Newcastle, investigate the allure of investing in treasure. They pose the question: profit or pleasure?

GAM assembles investment advisory board for private client unit‎

Asset manager Gam has created an investment advisory board for its managed portfolio business to be chaired by the managed portfolios global head of investments Graham Wainer.

UK to crackdown on tax dodging Gulf-based landlords

The UK is clamping down on Gulf landlords who have bought properties in Britain and have not declared the rental income earned on them to tax officials, a London-based international tax advisor told Arabian Business.

Wealth Management Outsourcing - Research

All of these have brought technology centre stage in managing financial institutions.

Wealth and Asset Management