08/03/2020
Smith & Williamson shareholders approve Tilney takeover
This is a significant transaction and getting to this stage in the midst of a global pandemic is a real achievement.
Wealth and Asset Management
08/03/2020
HSBC plans up to 3,000 new Asian jobs amid the global carnage
The first batch of 100 “digitally-enabled wealth planners” have been on-boarded in Guangzhou and Shanghai, and the “plan is to reach 2,000-3,000 planners by 2024”, according to Quinn’s presentation slides.
08/02/2020
Challenging times for wealth management
Private investors and family offices are receiving negative news on a regular basis from their financial advisers and there is a misleading amount of contradictory advice as to the most appropriate course of action and risk minimisation strategy.
07/31/2020
Coutts and Adam & Co first half inflow jumps to £1.6bn
Coutts and Adam & Company H1 Results
07/31/2020
Growing Smart(ly) in a Way That Matters
Pathstone Announces the Addition of Cornerstone
07/31/2020
AMP provides update on 1H 20 results
AMP has prioritised servicing clients throughout this period, including temporarily increasing resources
07/31/2020
Cantonal bank warns shareholders of lower profits in H1 2020
‘Barring any further decline in the economic situation and taking into account the very positive commercial developments seen in mortgage financing and private and institutional wealth management, the bank expects a lower overall result over the ye
07/31/2020
Edmond de Rothschild AM liquidates absolute return forex fund
The strategy was closed because of its small size but the asset manager continues to run over currency-based approaches.
07/31/2020
Hightower Makes Strategic Investment in Private Vista
Private Vista is Hightower's 4th transaction in 2020. Including this transaction, Hightower now has 109 advisory businesses in 33 states.
07/30/2020
HSBC Promotes Investment Duo at Private Bank
In addition to developing talent internally, the bank also highlighted Singapore as a key market for its wealth business and underlined specific client segments that bank in the booking center.
07/30/2020
Wealth services provider sets up new Tokyo outpost
The Tokyo location will initially accommodate nearly 42 employees, mostly new hires.
07/30/2020
Pier 21 Asset Management Extends Asset Servicing Relationship with CIBC Mellon
Pier 21 taps into CIBC Mellon services for custody, fund accounting, recordkeeping and foreign exchange processing and settlement
07/30/2020
BNY Mellon Wealth Management Names Senior Director
Larry joins BNY Mellon Wealth Management from a personal family office he founded, focused on private investments in individual real estate transactions and partnership investments.
07/30/2020
Women as the next wave of growth in US wealth management
As part of recent McKinsey research on affluent consumers, we surveyed over 10,000 affluent investors, nearly 3,000 of them female financial decision makers.
07/30/2020
Schroders profit dips in first half even as assets rise
Assets under management rose by 5% to close the period at a new high of £525.8 billion
07/30/2020
HF Fund Services joins forces with Equiom
HF has always focused on quality of service and restricts the number of clients each director services to ensure service quality and client responsiveness is maintained.
07/30/2020
Higher for longer gold prices
Doing so would require that central banks signal higher tolerance for inflation and an ability to stop interest rates from following it upwards.
07/30/2020
Credit Suisse to Save More Costs on Profit Surge
Credit Suisse on Thursday announced a new restructuring bid of the company.
07/30/2020
LOIM PM on how baby boomers have shifted their spending habits since Covid-19
Private pensions have also started to become more popular, Grootveld said.
07/30/2020
China Fiscal Stimulus – Careful Calibration
Over the next five years, we expect new infrastructure to unlock RMB15tn in investment to support this transition.