06/19/2012

Sinking feeling for investors in super yacht company

Believing YCO would be a safe haven in turbulent times, investors pumped millions of pounds into the luxury boat broker, which has had an impressive range of super rich clients including the billionaires Roman Abramovich and Sir Phillip Green.

06/19/2012

India ranks 55th on foreign money in Swiss banks

India is ranked 55th in terms of only direct deposits as well, while it is placed much lower at 76th rank for fiduciary funds, where the top-ranked jurisdictions include West Indies,Panama, UK, Saudi Arabia, Bahamas, Liberia, Cayman Islands,UAE, Turkey, R

06/19/2012

Investment grade wine attracts global wealth

Fine wine is increasing in attractiveness as an asset class for global private wealth investment, according to US-based specialist firm Trellis Wine Investments, which reports an annualised non-correlated return of 11.33% over the past 10 years.

06/19/2012

Baby Boomers to kids: Inheritance? Maybe not

Most young, wealthy Americans believe it's important to pass money on to their heirs. They may be disappointed to learn that their parents don't feel the same way.

06/19/2012

Pressure mounts on Credit Suisse chief

Switzerland’s central bank suggested Credit Suisse should raise fresh equity from shareholders, scrap its dividend or shrink its risk appetite further.

06/19/2012

RCBC wealth group eyes P120 B in AUMs

Manuel G. Ahyong Jr., RCBC head of Wealth Management Group, admitted that the more than 100 percent increase in AUMs in the next four years was a “stretched” target.

06/18/2012

Coutts to offer compensation to customers

Coutts, the taxpayer-backed private bank that counts the Queen among its clients, has begun offering customers compensation likely to run to millions of pounds for bonds missold to them at the height of the financial crisis, I have learned.

06/18/2012

Commonwealth Private wins prestigious award

“We are very honoured to win this award for the fourth consecutive year; this segment represents the heartland for Australian Private Banking, and it’s a unique achievement for the Commonwealth Private team.

06/18/2012

‘Risk assets needed to preserve wealth’

But wealth managers argue that only “risk assets”, such as equities, have the potential to preserve the value of their clients’ portfolios in real terms.

06/18/2012

Credit Suisse replaces UBS in Swiss doghouse

The Zurich rivals tend to enjoy contrasting fortunes. For much of the last decade, UBS was a model of relative stability, while Credit Suisse grappled with scandals and the fallout from ill-judged acquisitions.

06/18/2012

Many advisers not ready for RDR regime

At the same time, firms will have to change the way they describe their advice – choosing to declare their range of services as either “restricted” or “independent”.