09/04/2024
Mercer acquires $412m Connecticut RIA
Benchmark Wealth Management in Old Lyme, Conn., primarily serves high net worth retirees.
Wealth and Asset Management
09/04/2024
EFG Expresses Interest in Acquiring Banque Havilland Assets
By August 2, the private bank announced that the European Central Bank (ECB) had revoked its banking license in Luxembourg with immediate effect.
09/04/2024
JPMorgan Sets Up Dubai Private Banking Team to Tap Wealth Boom
JPMorgan’s international private bank is larger than any of its US rivals
09/04/2024
Swiss insurers significantly increased their overall result in 2023
The overall result increased by CHF 5.9 billion or 78% compared with the previous year.
09/04/2024
Profit of the Syz banking group fell significantly
Although the company, which also operates in Zurich and Ticino (Lugano, Locarno), does not provide detailed information, it describes the group's net inflows as "positive".
09/04/2024
Zürcher Kantonalbank now offers trading and custody for cryptocurrencies
As a universal bank, Zürcher Kantonalbank offers its customers all relevant financial services, including the trading and custody of cryptocurrencies.
09/03/2024
Asian Captive Conference 2024: Shaping the Future of Self-Insurance
The seventh edition of this premier conference will bring together the global captive industry to tackle critical issues and drive forward key discussions
09/03/2024
GBST wins Best EMEA Wealth Platform Technology Provider for Composer at International FinTech Awards for the second year running
The award recognises the value that GBST’s Composer SaaS platform brings to leading financial organisations globally following its multi-million-dollar transformation to cloud-native architecture.
09/03/2024
Wealth managers forecast client growth of more than 20%
The research included wealth managers and financial advisers representing organisations managing approximately £1.207 trillion in assets.
09/03/2024
Mirova exceeds €200 million in commitments for the final closing of its first private equity fund
Two years after its launch, MEAC has lived up to its promise, raising €211m in commitments, from which 30% come from private clients attracted by the multi-thematic approach of this SFDR Article 9 fund1.
09/03/2024
2024 half-year results: Swiss Life increases profit from operations by 7% – significantly higher fee result
Swiss Life further expanded its fee business in the first half of 2024 and increased fee income by 7% in local currency to CHF 1.26 billion.
09/03/2024
WealthTech Solutions Present a $9.43 Billion Market Opportunity by 2028
The wealthtech solutions market is expected to see rapid growth in the next few years.
09/03/2024
Fostering respect between generations key for wealth transfer conversations
By the time those grandchildren have kids, 90 per cent of that family fortune will be gone.
09/03/2024
Titanbay teams up with Mercer on first private markets fund of funds
The product aims to overcome the key challenges faced by wealth managers in accessing private markets.
09/03/2024
Close Brothers AM unveils Winchester office
A fresh location in Winchester is opened by Close Brothers Asset Management.
09/03/2024
Bank of America opens West Michigan private bank to grow local market share
Bank of America Private Bank for years has served high-net-worth clients in West Michigan from a location on the east side of the state.
09/02/2024
Chinese tycoons are using stock to borrow from private lenders as bank liquidity dries up
With Fed easing imminent, ‘clients are once again comfortable using their stocks as collateral for project funding’, HSBC executive says
09/02/2024
Julius Baer's Signa-Linked Loan Losses Could Shrink
The reason for this is that a portion of the controversial loans extended by Julius Baer to René Benko appears to be more valuable than feared.
09/02/2024
Titan Wealth to close multi-asset range of funds in one month
The news follows Tavistock’s termination of its partnership with Titan last month
09/02/2024
Gen Z wants an inheritance. Good luck with that, say their boomer parents
Many young adults are pinning their hopes on the Great Wealth Transfer, a generational exchange of riches that could pass $90 trillion from boomers to their heirs over the next 20 years.