10/21/2022
Stonehage Fleming acquires Rootstock Investment Management
One fund to merge
Wealth and Asset Management
10/21/2022
LGT forays into the Indian wealth management market with LGT Wealth India
As of June 30, 2022, LGT managed assets of $ 297.4 billion for wealthy private individuals and institutional clients.
10/20/2022
Ares Management Launches Secondaries Team in Asia Pacific
Danielle Lau Joins as Managing Director to Invest in Real Estate Secondary Market Opportunities
10/20/2022
Bank of America wealth arm registers 3% dip in Q3 profit
Total client balances decreased 12% to $3.2tn due to lower market valuations and net client flows.
10/20/2022
Quilter plc reports resilient gross and net flows for third quarter 2022 in a volatile market environment
The third quarter is typically a seasonally slow quarter, with this exacerbated by increasing market volatility and cost-of-living pressures, reducing gross flows.
10/20/2022
Change of leadership at the top of Schroders in Germany
The handover, which has been in preparation for some time, will be completed in the next few months.
10/20/2022
The Society for Lifetime Planning Joins Kestra Financial
With the addition of the $600 million firm, Kestra is on track for its "best year ever."
10/20/2022
Goldman Sachs merges asset and wealth arms into $2.4tn unit
The latest changes come after the asset management arm’s revenues dropped 71% in the year to date.
10/20/2022
AUM Growth Outlook Slips for Hong Kong Wealth Managers
There is less optimism about the future of wealth management in Hong Kong this year, according to a report jointly authored by the Private Wealth Management Association and KPMG China.
10/20/2022
GAM Holding AG Releases Interim Statement for the Three-Month Period to 30 September 2022
Challenging market conditions continue to impact GAM’s assets under management
10/20/2022
UBS: Investors Unrepared for History's Biggest Wealth Transfer
With so many wealth managers available, it would seem to be a foregone conclusion that more investors would have at least some basic plan in place.
10/20/2022
UK fund managers Schroders and Jupiter's assets fall on volatile markets
Schroders said the fall in its AUM was partly driven by a decline in its Solutions segment and a 5% decline in its Mutual funds unit.
10/20/2022
Third quarter new business inflows and funds under management update 2022
This has underpinned gross inflows of £4.05 billion, only modestly lower versus a record comparative period in 2021.
10/19/2022
Fidelity International launches two funds for Howard Wright clients
Advisers at Howard Wright can blend the funds for their clients
10/19/2022
Gold Trader Philoro Increasingly Targets Swiss Banks
Precious metals dealer Philoro is now serving banks, asset managers, and other institutions such as family offices in Switzerland.
10/19/2022
Goldman Sachs folds Marcus into wealth management unit
This is despite the fact that the bank presented investors and analysts with a chart in early 2020 suggesting that the business would break even in 2022.
10/19/2022
Lazard moves UK headquarters to Marylebone
The firm has signed a 15-year lease for the Marylebone-based office space, to be occupied by early 2025.
10/19/2022
Morgan Stanley Loses $1 Billion Team to UBS
The Swiss bank said it hired a five-person team in Providence, R.I. with more than $1 billion in client assets.
10/19/2022
BNP Paribas Green Lighted for China Asset Management JV
The new platform will be funded by BNP Paribas Asset Management and ABC Wealth Management, a wealth arm of AgBank.
10/19/2022
Credit Suisse Exploring Capital Raise With Banks
The bank could be aiming to raise at least $2 billion to pay for the bank's restructuring and operating losses over the next couple of years