06/04/2012
Wealth management wasn't a big money-maker for Canadian banks this quarter as slumping financial markets kept investors on the sidelines, the second straight gloomy performance by a segment most banks view as a future cash cow.
06/04/2012
In April 2008, a private banker at JPMorgan Chase visited her prized clients, Anita and Rajat Gupta, at their home in Westport, Conn, an elegant waterfront estate that was once owned by the retail executive JC Penney.
06/04/2012
The explosive growth of wealth populations in emerging markets presents both eye-watering opportunities and challenges for wealth management professionals.
06/04/2012
Dubai based Wealth Management opens Malaysia office
Delivering independent financial advice and licensed by the Labuan Financial Services Authority, the Kuala Lumpur office is the fourth office to open in the region, alongside operations in Singapore, Hong Kong and Shanghai.
06/04/2012
Initial surprise at the size of the so-called "golden handcuffs" unveiled on Thursday has quickly evolved into anger, with several minority shareholders claiming that the incentives offered to Davis and a slew of other executives were a direct a
06/04/2012
A large group of Indian business heads met Microsoft founder Bill Gates on Friday over a private dinner meeting at Taj West End Hotel in Bangalore.
06/04/2012
Switzerland’s tax issues have “short and medium-term negative impact” on new client money, Der Sonntag reported, citing Hans-Ulrich Meister, the head of Credit Suisse Group AG’s private banking business
06/04/2012
The integration is the latest step in UBS Chief Executive Sergio Ermotti's plan to shift the Swiss bank's primary focus to client and advisory businesses and pare down its investment bank following an embarrassing trading scandal last year.
06/01/2012
Players Must Take Action on Pricing, Costs, Risk, and Client-Centricity to Raise Their Games in Low-Growth, High-Regulation Climate, Says The Boston Consulting Group's New Report on Global Wealth
06/01/2012
Wealth in North America declined 0.9 percent to $38 trillion, while western Europe posted a 0.4 percent drop to $33.5 trillion, the report said.
06/01/2012
While the U.S. still has the world's biggest population of millionaire households, they shrank in number by 2.5 percent to 5.1 million in 2011 compared with a year earlier.
06/01/2012
When Andy McLaughlin met staff at one major private banking group to complete a client transfer, he was staggered. “It was jaw dropping how primitive its methods were
06/01/2012
The next step will be an office in Saratoga Springs.“We believe that within the next five years we can grow to about 50 advisers in the area,” Prescott said.
06/01/2012
Pssst. Want to know a secret?
Investing Secrets of the Ultra-Wealthy
06/01/2012
Collins Stewart Wealth Management, headed by CEO Neil Darke, is to be rebranded Canaccord over the next 10 months.
06/01/2012
Treasury chief George Osborne announced in his March budget that he would limit the amount philanthropists could claim off their tax bill amid concern people were donating only to minimize tax payments.
06/01/2012
Coghill, who had over 20 years of experience in industry and commerce in the UK and overseas, founded City AM in 1988.
06/01/2012
Players says investors are flocking to this space as equities are not doing too well and real estate still offers 10-12% returns
06/01/2012
Gates will join some of India's richest in Bangalore on June 1 at the invitation of Azim Premji and Ratan Tata to talk about philanthropy.
06/01/2012
Real estate investment trust Great Portland Estates has bought interests in two properties in the heart of London's St James's district from fund management firm Henderson Global Investors.