10/19/2018
Bank Vontobel buys Lombard Odier business in North America
Under the deal Lombard Odier will sell its existing discretionary and advisory wealth management business with U.S-based clients through an asset transfer to Vontobel.
Wealth and Asset Management
10/19/2018
Former MI6 man tops the bill as Guernsey takes its private wealth message to London
The security theme will resonate with keynote speaker Sir John Sawers, former Chief of the Secret Intelligence Service MI6.
10/19/2018
Client demand prompted Rathbone fund launch
Financial returns and investing responsibly are not mutually exclusive, Rathbones’ David Harrison has said.
10/18/2018
Wealth managers eye massive long-term opportunity in impact investing
Younger ultra-high net worth Asian investors are reinventing the traditional cheque writing charity-giving of past generations towards a ‘profits with purpose’ form of investing
10/18/2018
Lok Yim: «Targeting $88 Billion in Assets under Management»
Our revenue growth has been strong and we have put in some cost efficiencies.
10/18/2018
UBP’s Aman Dhingra and his Take on the Future of Private Banking Advisory in Asia
The cathartic element of change, Dhingra argues, has been regulation.
10/18/2018
HSBC Partners with Marstone for Digital Client Engagement, Broadening Its Audience and Easing Access to Wealth Management
The partnership begins piloting later this month and is fully integrated with HSBC’s custodian, Pershing, a Bank of New York-Mellon Company.
10/18/2018
CAPTRUST Adds This $1.4 Billion Wealth Management Practice
FCE Group was drawn to CAPTRUST’s client-focused culture, growth record and independence, Sloan and Schwartz say in the press release.
10/18/2018
Secure Trust Bank & Arbuthnot Banking Make Progress In Third Quarter
The lender did, however, warn of the ongoing "uncertainty" surrounding the Brexit leading the bank to continue to be "selective" in respect to new lending activities.
10/18/2018
Pictet: «Poaching Isn't Our Style»
Collardi is expected to kickstart the Genevan bank's business with wealthy clients, which means de Planta had to address the private banking arm in an interview with Swiss publication
10/18/2018
Tatton's AUM edges closer to £6 billion mark
The firm’s IFA support services arm Paradigm Partners signed up an additional 14 companies, reaching a total of 382 over the period.
10/18/2018
SGG Group Voted Best Fund Administrator in Africa for Private Equity for 2018
The judging panel consists of experienced professionals who have a good knowledge of the fund industry in Africa.
10/17/2018
Private banking 'woefully' underused despite rise in HNWIs
A high-net-worth individual was defined as having over $1 million in investible assets.
10/17/2018
Morgan Stanley's wealth management revenue up, adviser headcount down
Third-quarter wealth management revenue was $4.4 billion, even as adviser workforce slipped 1% from last year
10/17/2018
High-Net-Worth Individuals View Real Estate as a Top Wealth Indicator
The latest report from Luxury Portfolio International®, Luxury Real Estate: What Matters Most To Today's Global Elite, shows continued interest in real estate as a wealth builder and deep emotional investment
10/17/2018
Speirs & Jeffrey deal boosts Rathbone funds under management, profit
Underlying net operating income rose to 80.3 million pounds for the three months from 70.5 million pounds, a year earlier.
10/16/2018
Digital Wealth Manager Liqid Raises €33M
The company is using the funds to continue to expand operations.
10/16/2018
Merrill Lynch Advisors Boost Client Acquisition by 87 Percent
Advisor incentives to acquire new clients are paying off for BofA’s wealth management unit.
10/16/2018
Citigroup Private Bank revenue up 7% in Q3
Operating expenses were $10.31bn, down 1% from $10.41bn in the previous year.
10/16/2018
PNC Bank Looks to Boost $59B Wealth Business
PNC Wealth’s growth strategy is largely predicated on partnering with the retail bank to serve individuals with $1 million or more of investable assets.