- Managers of Wealth -Wealth, private banking and asset management news and opinion

Morgan Stanley Wealth Management Reports Record Profits

Morgan Stanley’s wealth management division had a record quarter for pre-tax profits, although advisor headcount declined slightly.

Swiss bank Vontobel sees good start to 2018

We achieved a strong quarterly result,” Staub said in a statement, referring to the first quarter.

Bank of Singapore to double wealth management staff in Hong Kong to cater to China’s rich

Bank also plans to set up family offices in major Chinese cities this year to help the wealthy with inheritance planning

Coutts weekly theme: Trading blows – a small bull in a large China shop

Markets are getting nervous about tariffs but can they derail economic growth?

Another Dutch Bank Under Fire Over High Pay Increases

The bank employs 1,685 people, is worth around 14.7 million euros, and is one of the smallest listed companies on Amsterdam's stock market AEX, according to the newspaper.

HSBC reportedly to combine UK and Switzerland private banking units into single entity

The Financial Times said Chris Allen, who runs HSBC's private bank in the UK, Channel Islands, France and Germany will become the head of private banking for Europe, the Middle East and Africa

Goldman crushes profit estimates as trading surges

Goldman’s fixed income trading revenue stood out in sharp contrast with that of larger rivals.

BofA: Money manager equity allocations continue to drop

Only 18% of investors surveyed think equities have already peaked, while 40% expect a peak in the second half of 2018.

Global investment firm Nikko AM launches KiwiSaver Scheme

Nikko AM NZ – recently named Morningstar's NZ Fund Manager of the Year – has over NZ$5 billion under management and is part of a worldwide network of investment professionals.

The ultra-rich want to make money through good causes — but there aren't enough options, UBS says

Along with financial returns, the super wealthy also want their investments to drive positive changes in the world, said Simon Smiles, chief investment officer for ultra-high net worth at UBS Wealth Management.

Mercer Reports Increase in Assets

New client inflows accounted for approximately $48 billion of the increase.

Client funds at Charles Stanley slide 4%

A net 7.9% increase in discretionary funds over the period was a positive, the group said.

Swiss Face Headwinds in Asia

The ten largest banks operating in the Asian growth market last year increased the number of customer advisors by almost 10 percent compared with the year-earlier period.

UBS Wealth aims to capture “impact delta” in sustainable portfolio

The “ESG Engagement Equities” strategy is being managed by Hermes Investment Management.

Lombard Odier Inks Indonesia Deal

The Indonesian partnership will also see Lombard Odier work with Bank Mandiri in developing private banking expertise and services.

Bank of America wealth unit net income surges 34% in Q1

Assets under management totalled $1.08 trillion at the end of March 2018, versus $946.778bn a year ago.

J. Safra Sarasin launches new AM brand

This new brand better reflects the importance of our asset management business and what we stand for

HSBC merges European private banks as it gears for growth

He has been at the bank for 12 years in a series of senior roles, including UK market head.

Getting rich, travelling and avoiding debt – new research shows Brits’ top financial priorities

This is most acutely felt among those imminently facing retirement, with 64% of people aged 55-64 believing saving should start in your 20s.

German institutional investors have faith in emerging markets

In high-yield bonds in emerging markets, more than 28% had a positive outlook.

Wealth and Asset Management