10/29/2020
Walker Crips buys HNW adviser
Walker Crips has purchased the client book and assets
Wealth and Asset Management
10/29/2020
Wealth giant expands reach' in $820b wealth platform market
Said this was "broadly consistent" with the quarterly outflows experienced under the bank's ownership.
10/29/2020
Van Lanschot Kempen: third quarter 2020 trading update
Client assets increased by € 2.9 billion to € 106.3 billion this quarter.
10/29/2020
Ex-EFG Banker Acquires Majority Stake in Crossinvest Asia
The family-owned business will expand its resources, enhance its private equity and venture capital arms and further develop family office services
10/29/2020
Credit Suisse third-quarter net profit falls 38% as wealth unit misses
In a statement, Credit Suisse said it is focused on supporting clients “through the persisting COVID-19 pandemic and the resultant economic challenges.
10/29/2020
Aberdeen finance expert celebrates 25-year milestone
It’s a success, perhaps in part because of a shared focus on charity.
10/29/2020
Kimbolton’s Beacon named as top 100 adviser - again
It also welcomed the firm’s preparations for Environmental Social and Governance (ESG) investing which had attracted interest from clients looking for more sustainable investment.
10/29/2020
Smith & Williamson Investment Management rebalances portfolios as it looks ahead to opportunities in ‘cheap and unloved’ UK
While it has exited the UK focused Special Situations fund, the team said the UK overall was ‘cheap and unloved’.
10/29/2020
Standard Chartered underlying profit drops 40%
Lower interest rates continue to impact income but we remain well-positioned to meet our financial targets
10/29/2020
CIBC Asset Management launches actively-managed ETF Series on three fixed-income pools
They include actively-managed investments in government and corporate bonds across the spectrum of investment-grade and high-yield, geography and currency.
10/29/2020
7IM denies conflict of interest as it buys wealth manager matchmaker website
Findawealthmanager.com matches investors with wealth management firms based on their needs
10/29/2020
Credit Suisse Shutters Funds in Asset Management Review
Credit Suisse earlier this month said that Aventicum Capital Management, a joint venture with the Qatar Investment Authority, will close two groups of funds and return capital to investors.
10/28/2020
Swiss bank taps Synpulse-led consortium for OpenWealth platform
An open API standard in asset management enables new business models.
10/28/2020
BTG Pactual buys $2.4bn wealth shop in Brazil
The acquisition comes off a busy few months at the firm during which time it has been expanding its advisory business through partnerships with local wealth managers in Brazil.
10/28/2020
Switzerland-based asset manager selects Northern Trust
Group’s Focus on Expanding its Range of Sustainable Solutions Aligned with Environmental, Social and Governance Criteria
10/28/2020
Deutsche Bank swings to surprise profit in third quarter
Our more focused business model is paying off and we see a substantial part of our revenue growth as sustainable.
10/28/2020
Families demonstrate commitment to improving environmental outcomes and reducing inequality
This is particularly interesting when you consider that, to the untrained eye at least, you could presume our clients to be inclined to prioritise returns over values.
10/28/2020
Here’s how European private bank LLB is looking to grow in the GCC
Gulf Business speaks to Ludovic Pernot, head of Private Banking Middle East at LLB, on the Covid crisis and plans ahead
10/28/2020
The Great Reset by Tim Price
“If you’ve ever wondered which side you’d be on in 1930s Germany, now you know.”
10/28/2020
Wells Signs Two $2-Mln-Plus Brokers from Merrill, UBS
Littlejohn, a 31-year industry veteran who was in Merrill’s private wealth management unit for ultra-wealthy clients, left three other advisors who remain with the Thundering Herd.