10/18/2018
CAPTRUST Adds This $1.4 Billion Wealth Management Practice
FCE Group was drawn to CAPTRUST’s client-focused culture, growth record and independence, Sloan and Schwartz say in the press release.
Wealth and Asset Management
10/18/2018
Secure Trust Bank & Arbuthnot Banking Make Progress In Third Quarter
The lender did, however, warn of the ongoing "uncertainty" surrounding the Brexit leading the bank to continue to be "selective" in respect to new lending activities.
10/18/2018
Pictet: «Poaching Isn't Our Style»
Collardi is expected to kickstart the Genevan bank's business with wealthy clients, which means de Planta had to address the private banking arm in an interview with Swiss publication
10/18/2018
Tatton's AUM edges closer to £6 billion mark
The firm’s IFA support services arm Paradigm Partners signed up an additional 14 companies, reaching a total of 382 over the period.
10/18/2018
SGG Group Voted Best Fund Administrator in Africa for Private Equity for 2018
The judging panel consists of experienced professionals who have a good knowledge of the fund industry in Africa.
10/17/2018
Private banking 'woefully' underused despite rise in HNWIs
A high-net-worth individual was defined as having over $1 million in investible assets.
10/17/2018
Morgan Stanley's wealth management revenue up, adviser headcount down
Third-quarter wealth management revenue was $4.4 billion, even as adviser workforce slipped 1% from last year
10/17/2018
High-Net-Worth Individuals View Real Estate as a Top Wealth Indicator
The latest report from Luxury Portfolio International®, Luxury Real Estate: What Matters Most To Today's Global Elite, shows continued interest in real estate as a wealth builder and deep emotional investment
10/17/2018
Speirs & Jeffrey deal boosts Rathbone funds under management, profit
Underlying net operating income rose to 80.3 million pounds for the three months from 70.5 million pounds, a year earlier.
10/16/2018
Digital Wealth Manager Liqid Raises €33M
The company is using the funds to continue to expand operations.
10/16/2018
Merrill Lynch Advisors Boost Client Acquisition by 87 Percent
Advisor incentives to acquire new clients are paying off for BofA’s wealth management unit.
10/16/2018
Citigroup Private Bank revenue up 7% in Q3
Operating expenses were $10.31bn, down 1% from $10.41bn in the previous year.
10/16/2018
PNC Bank Looks to Boost $59B Wealth Business
PNC Wealth’s growth strategy is largely predicated on partnering with the retail bank to serve individuals with $1 million or more of investable assets.
10/16/2018
AFH to swell acquisition war chest with £15m fund raise
Advice consolidation giant AFH plans to raise another £15 million in a fresh share placing to fuel a fresh ‘pipeline; of advice acquisitions.
10/16/2018
Schroders quiet on Lloyds tie-up as intermediary assets slip
The £79bn slice of the Lloyds mandate would be a welcome boost the asset manager’s sluggish AUM growth.
10/16/2018
The day UBS, the biggest Swiss bank, was saved
After the grounding in 2001 of Swissair, a national icon, Switzerland was in danger of losing another flagship company.
10/16/2018
UBP to target smaller asset management partners in Asia
Room for independent asset managers to develop across the region
10/16/2018
Jupiter unveils US long/short fund for recent recruit
The fund will hold between 40 and 60 stocks and will seek to capitalise on US equity market strength, while hedging against periods of difficulty.
10/15/2018
The Rapidly Evolving Wealth Management Offering in India
The panellists cogitated on how firms can differentiate their businesses and thereby future-proof their current successes.
10/15/2018
UBP targets smaller IAM partners in Asia
IAMs often need back office services from private banks. They may partner with a private bank for specific services, such as custodial or execution of investments.