05/21/2020
AJ Bell clients and profit spike as Covid-19 hits AUM
Customer numbers at AJ Bell jumped by 13% in the first six months to the end of March, driving a 28% spike in pre-tax profit to £22.7m.
Wealth and Asset Management
05/21/2020
Brave New Coin launches digital wealth management platform
The platform tracks thousands of assets and trading pairs in real time by aggregating data from more than 20 exchanges.
05/21/2020
JPMorgan Revamps Management of Bank-Branch Brokers
The bank currently serves about 1.0% of the high-net-worth market and 8.0% of the “ultra-high-net-worth” market, officials said at a recent investors conference.
05/21/2020
Fidelity Dangles Rewards Program for Wealthy Retail Clients
The new rewards program is being rolled out to in-house clients with a minimum of $250,000, not the firm's RIA custody business.
05/21/2020
Technology: Tech will ‘democratise’ wealth management
The data collection was managed during January and early February 2020 and concluded before the effects of Covid-19 reached their peak in the survey’s markets.
05/21/2020
BNY Mellon Investment Management Launches BNY Mellon Investor Solutions
The new group combines an open-architecture approach with the proprietary investment capabilities of BNY Mellon's eight specialist investment firms.
05/20/2020
Ex-Brewin director leads asset management launch
Blackfinch Group has re-branded its wealth division to Blackfinch Asset Management, which will be led by recent Brewin Dolphin hire Jason Williams.
05/20/2020
Schroders Personal Wealth embarks on hiring spree
The firm has said that bonuses will be based on a “balanced scorecard” of measures rather than just revenue generation.
05/20/2020
Wealth management drives foreign banks' earnings
The number of new customers for wealth management increased by 24 percent at the end of 2019
05/20/2020
UBS courts tycoons with view to doubling of Russian wealth business
Western banks limited their activity in Russia after sanctions were imposed on Moscow in 2014, freezing the funds of some wealthy Russians, with further measures imposed by the United States in 2018.
05/20/2020
Ninety One announces its maiden results for FY20
This was a pivotal period in the evolution of our business.
05/20/2020
Close Brothers Asset Finance launches free-to-use SME research data hub
The only requirement the company has placed on the use of the data is that it must be credited by the user as the source of the data.
05/20/2020
Morgan Stanley expanding further into Canada with new wealth management service
The company will hire for jobs in Calgary and Toronto
05/20/2020
How banks are weathering the storm
The pressure the COVID-19 crisis has recently put on economies has been a lesson in humility, teaching us how to manage uncertainty and highlighting our weaknesses.
05/20/2020
Fairstone gains £104m assets in fifth deal of 2020
Fairstone recently confirmed it was honouring all bonuses and pay rises amid the coronavirus lockdown after cutting £1.4m in costs from the business.
05/19/2020
DB Privat-und Firmenkundenbank AG merges with Deutsche Bank AG
The merger of the legal entities is an important element of the transformation for which Deutsche Bank set itself ambitious goals in summer 2019
05/19/2020
Median Total Master Trust Return Negative in Q1 2020
Equity market sell off results in lowest median quarterly return since Q4 2008
05/19/2020
UBS’s Iqbal Khan on shaking up world’s biggest wealth manager
Private banker on weathering the storm in his new role after hostile defection from Credit Suisse
05/19/2020
Pacific Funds Added To Oranj Wealth Management Platform
The Pacific Funds lineup includes fixed income, equity and multi-asset strategies designed for income generation.
05/19/2020
Julius Baer reports strong increase in client activity
Despite the increased order and trade volumes following the COVID-19 outbreak, Julius Baer has continued to operate and deliver its products and services with virtually no interruptions.