07/18/2024
FCA's Crackdown on Wealth Management Non-Compliance with Consumer Duty: How to avoid this…!
FCA: “We expect you to have implemented the Consumer Duty in full, which requires you to put the needs of your consumers first.
Wealth and Asset Management
07/17/2024
Macfarlanes advises long standing client Ares Management on providing financing to Lovell Minnick on the merger between London & Capital and Waverton
The merger is expected to create an independent wealth and asset manager with assets under management over £19bn.
07/17/2024
Bank of America rises, Morgan Stanley falls on Q2 earnings
The Morning Brief anchors Brad Smith and Seana Smith break down the latest earnings figures for these major banks and what it could mean for their stocks moving forward.
07/17/2024
Belgium's Delen Private Bank to buy smaller rival Dierickx Leys
Financial details of the takeover were not disclosed, but Delen Private Bank - in which Belgian holding company Ackermans & Van Haren is a shareholder
07/17/2024
Seizing equity opportunities at the sector level
Yet after solid gains year-to-date, the argument for taking more equity risk now looks less appealing.
07/17/2024
The Stonehage Fleming View: Philanthropy
All are aware of the fact that wealth, often combined with specific family expertise, has the ability to effect significant change.
07/17/2024
Stern granted Swiss asset management licence
The firm’s partners and the Stern family account for approximately 20% of the firm’s assets under management.
07/17/2024
Wealth managers try to avoid 'conversational cul de sacs' on philanthropy
Clients are often happy to discuss particular charities which they support – especially if someone in their family received outstanding care in the past.
07/17/2024
Citi to Take Wealth Management to Next Level with the Market-First Launch of Wealth 360
The feature is now rolling out to selected customer segments and will be gradually expanded to the entire customer base.
07/17/2024
Basel investment firm to merge with billionaire’s asset manager
The tie-up between special situation investment firm Youngtimers and Hong Kong billionaire Adrian Cheng’s C Capital is set to allow the latter to be listed on the Swiss Stock Exchange.
07/16/2024
Clime IM’s wealth management M&A spree
Prior to heading up Madison, Donat was head of licensee development at BT Group licensees.
07/16/2024
Standard Chartered Bank Hong Kong transforms digital wealth management with myWealth Direct
At the beginning of 2020, the Wealth Management division of Standard Chartered Bank kickstarted an ambitious journey to scale up its digital advisory platform capabilities.
07/16/2024
Pictet’s head of fund research lifts the lid on current searches
Sébastien Gentizon talks through his team’s strategy and how its high-conviction approach feeds into the Swiss bank’s wider thinking.
07/16/2024
Impax Asset Management Group plc completes acquisition of fixed income assets of Absalon Corporate Credit
With the completion of the acquisition, Absalon’s Global High Yield and Emerging Market Corporate Debt strategies become part of Impax’s fixed income range, with funds available on Impax’s Irish-based UCITS platform.
07/16/2024
Close Bros’ wealth arm in fresh talks over £200m sale
Private equity house Oaktree Capital Management is rumoured to be in talks to buy Close Brothers Asset Management.
07/16/2024
Glen Smith, CEO and CIO of GDS Wealth Management, Celebrates 20 Years in the Financial Services Industry
The last twenty years of Glen's career have been marked by tremendous blessings.
07/16/2024
CHF 610m fundraise propels Swiss Life property fund to top table
With a market cap of around CHF 2.5bn, the strategy is now one of the five largest listed real estate funds in Switzerland.
07/16/2024
Vontobel merges German AM subsidiary with sister company
Company hopes integration will enable it to pool its strengths and become more efficient.
07/16/2024
Wealth managers grapple with long client onboarding times, study shows
The experience of wealth management professionals varies between the UK and the other markets included in the survey.
07/16/2024
PIMFA sets out 5-year agenda for government to create a UK Culture of Thriving Financial Health
PIMFA believes that this can be done primarily by equipping retail investors with the tools and incentives necessary to save and invest for their financial futures.