08/23/2018
BCV Profit Rises
On the liabilities side, customer deposits grew 2%, or CHF 519m, to CHF 31.0bn
Wealth and Asset Management
08/23/2018
LLB With Record New Money
The growth of general and administrative as well as personnel expenses reflects the investments we have made in our StepUp2020 strategy.
08/23/2018
Layoffs confirmed following Vontobel acquisition of Raiffeisen PB
These negotiations will have focused on older staff being laid off.
08/23/2018
Raiffeisen reports rise in AUM
These results were recorded just after Finma concluded its investigation into Raiffeisen Switzerland
08/23/2018
Royal Bank of Canada reports record third quarter 2018 results
This quarter’s strong performance also reflects relatively stable credit quality with provision for credit losses (PCL) on impaired loans ratio of 17 basis points (bps) and PCL ratio on loans of 23 bps.
08/23/2018
What Advisors Need to Know About Business Owners and Millennials
In an interview with ThinkAdvisor, David Murphy of Boston Private debunks a misconception about millennials.
08/23/2018
Six UBS Advisors Named to Forbes List of Top Next-Generation Wealth Advisors
Recognition of exceptional careers in Financial Services
08/23/2018
Credit Suisse Private Banking: The roadmap to recurring revenues
SJ Hwang is Head of Credit Suisse Private Banking’s Products and Solutions Group for Asia Pacific.
08/23/2018
Gresham House celebrates positive results
Total realisations of £24.2m in the 3-year period, cumulatively generating £9.0m realised profits at 28.5% IRR and 1.60x money, significantly exceeding target returns
08/22/2018
9 golden rules for wealth management to generate best returns
Wealth management is a long term process that grows with time
08/22/2018
VP Bank H1 net income drops 7%
The bank’s cost/income ratio in the first half of 2018 stood at 70.3%, versus 64.6% last year.
08/22/2018
UBS to launch sustainable multi-manager funds
The Luxembourg-domiciled Ucits funds will use the wealth management arm’s chief investment office strategies and will invest in fund managers that are implemented in the mandates.
08/22/2018
Wealth management must join the Digital Revolution
By 2030 the generational transfer of wealth is estimated to be worth 4 trillion USD.
08/22/2018
Lombard Odier in Asia - walking the talk
Nakamura envisages a gradual convergence of private banking skills to harness traditional high net worth individual (HNWI) client relationships together with high-quality asset management skills and disciplines.
08/22/2018
New product for high-net-worth clients
Sun Life Financial focuses on high-net-worth life and wealth solutions for families in Asia, Latin America, the Middle East and Africa.
08/22/2018
Wells Fargo pushed wealth advisors to use high-fee products, cross-sell
In mid-July, Yahoo Finance reported on increasing sales pressure in the wealth management sector of Wells’s Private Bank.
08/22/2018
Improving financial and physical health
Engaging and encouraging consumers to improve their financial and physical health.
08/22/2018
SS&C GlobeOp Forward Redemption Indicator at 2.73 per cent for August
The August 2018 reading of 2.73 per cent continues the generally favourable trend in asset retention that we’ve seen over the past year and a half, indicating investor confidence in hedge funds remains high.
08/22/2018
HSBC Private Bank targets UK in 240-strong global hire spree
The drive is part of a wider expansion of the unit’s global headcount
08/21/2018
Wealth managers take wait-and-see approach to tariffs
A recession seems at least a year away, but a full-blown trade war could bring one sooner