07/23/2012
“Against a turbulent market and economic background, Man’s funds under management have declined in the period principally as a result of continued net outflows and the deleveraging of our guaranteed products
07/23/2012
When one sees stories about banks in Hungary, they tend to be tales of woe, both for the banks and the people they (used to) lend to. Not so much for private banking, a line of services that caters to the very top tier of the consumer market, i.e. rich pe
07/23/2012
The poll, completed by 100 participants at SEI's annual Connections Conference, revealed that regulatory changes pose the single largest challenge for 58 percent of survey respondents.
07/22/2012
The study estimating the extent of global private financial wealth held in offshore accounts - excluding non-financial assets such as real estate, gold, yachts and racehorses - puts the sum at between $21 and $32 trillion.
07/22/2012
Another Swiss bank to drop US clients amid tax row
Coop, another retail bank, announced it had stopped doing business with its US clients.
07/22/2012
This year’s study found that 86 percent of millionaires are self-made and that their path to wealth, financial outlook and goals greatly impact their investment behaviors. In addition, millionaires’ outlook on the future financial environment
07/22/2012
Assets under management (AuM) grew to CHF 179 billion, an increase of 5% since the end of 2011
07/22/2012
Since 2008, the financial sector has undergone significant upheaval. It has witnessed the demise of major market participants and experienced intense regulatory scrutiny and change.
07/22/2012
Advisers who are concerned that it is impossible to compare discretionary fund managers’ model portfolios could be about to get a solution, as a wealth manager gears up to launch a performance comparison service.
07/22/2012
Aberdeen Asset Management, the UK fund manager, reported a slowdown in new client inflows in its third quarter as global economic uncertainties dampened demand for its fund products.
07/22/2012
Mirabaud Asset Management has recruited three investment analysts in London to support Daniel Tubbs to manage a long-only UCITS investment fund, which will focus on emerging market equities.
07/19/2012
Bank of America Corp. kept its lead in a ranking of the world’s 20 biggest wealth managers in 2011, while UBS AG climbed one place into second position, according to Scorpio Partnership.
07/19/2012
China’s economy has been slowing for six consecutive quarters, leaving many investors concerned that China is heading for a hard landing.
07/19/2012
The programme is modelled on that offered to families in the US by the Institute for Private Investors, acquired by Campden last year.
07/19/2012
IRESS, which principally builds and supplies wealth management systems in Australia, first entered the UK market in November last year. It secured a deal with Sesame Bankhall shortly afterwards.
07/19/2012
The findings are remarkably consistent, no matter the wealth or income level.
07/19/2012
Morgan Stanley’s bright spot was its wealth-management machine.
07/19/2012
Portfolio and Client Relationship Management
07/19/2012
“We have to find a way to get back to a system that has individual and collective responsibility,” he told Richard Quest.
07/19/2012
Walker Crips saw its group revenue fall by 31% during the second quarter after completing the sale of its asset management arm to Liontrust.