05/21/2024
The Future of Wealth Management: A Client-led Revolution
Technological advancements and demographic changes are unquestionably reshaping the landscape of wealth management.
Wealth and Asset Management
05/21/2024
Lazard AM adds AI-enhanced US small-cap equity fund to UCITS range
The fund will typically hold 350 to 400 stocks
05/21/2024
Goldman Sachs leads bullish chorus on Chinese stocks, as Morgan Stanley and JPMorgan’s private bank remain cautious
JPMorgan Private Bank calls an end to the rebound and advises investors to sell Chinese stocks, particularly offshore shares
05/21/2024
Odey Asset Management closed in a crisis. Two of its former funds are now top performers.
The Odey Absolute Return Focus Fund and the CF Odey Absolute Return Fund both ranked in the top 10 in April, having achieved gains of 16.7% and 9.61% respectively, figures from Societe Generale show.
05/21/2024
Goldman Sachs PWM's Campos on growing ME families' direct private investments
Goldman Sachs is seeing an uptick in private credit and private equity interest as family offices grow more sophisticated in their needs.
05/20/2024
Singapore: An Increasingly Isolated Outpost of Wealth
What a trip Singapore is on.
05/20/2024
BNPP WM's Peter on the talent war in Thailand
The French private bank plans to triple both its Thai client assets and relationship manager head count over the next three years.
05/20/2024
Citywealth Magic Circle Awards Channel Islands winners announced
Nine awards in total were handed out to Channel Island based individuals and companies with offices in the crown territories.
05/20/2024
ABN Amro to sell its stake in life insurance joint venture Neuflize Vie
The transaction will marginally affect ABN AMRO’s profitability and RWAs, resulting in a minor positive impact on ABN AMRO’s CET1 capital ratio.
05/20/2024
Not another one? Abrdn property trust moves to shutter
It cited its small size and low share liquidity, which it said had deterred some potential investors, as well as its “materially uncovered” dividend.
05/20/2024
Vanguard defends dominance of US equities in EU-domiciled funds
Response follows warnings of ‘unintended consequences’ of passive funds shunning EU corporations
05/20/2024
Overhyped, but ignore at your peril: AI in Wealth Management and Private Banking
This isn’t changing the world, but it will eke out a few basis points efficiency, similar to how the digital trend eked out incremental benefits but not brought revolution.
05/17/2024
Why Schroders Capital is now going for wealth clients
Georg Wunderlin, head of private assets at the firm, is ready to push into the wealth space, even though adoption continues to be slow.
05/17/2024
How a Swedish wealth manager tailored its MPS to UK investors
The Asset Allocator Podcast is a weekly series aimed at discretionary fund managers, fund selectors and wealth managers, providing insight into the issues that drive investment decisions.
05/17/2024
Interim management statement for the first four months of 2024
This resulted in net profit for the first four months of 2024 that is 50 per cent lower compared with the previous-year period.
05/17/2024
New CEO and chair buy majority stake in Ticino IAM
Taurus Asset Management has also moved into a larger office in Lugano.
05/17/2024
UBS: Does Iqbal Khan have to bake smaller rolls?
The major Swiss bank UBS is apparently considering putting investment bank boss Rob Karofsky at the head of its entire US business.
05/17/2024
Lombard Odier celebrates 20 years in Belgium and opens an office in Antwerp
Lombard Odier supports entrepreneurs and their families from generation to generation with a comprehensive and tailored approach to wealth management, wealth planning and asset management.
05/17/2024
Crookall chooses Objectway as a strategic partner for digital transformation and market expansion
The independent investment firm has maximised its long- standing partnership with Objectway to grow and digitise its business, scaling up operational efficiency, service offering and client experience.
05/17/2024
PE-backed MKC Wealth snaps up two advice firms
Two client support staff have joined MKC Wealth’s London office in an administrative capacity as a result of the deal with Gibson Lamb.