02/07/2020
Frugal Billionaire Sells Stake in Wealth Firm He Founded
Hargreaves is largest shareholder in U.K. investment platform
Wealth and Asset Management
02/07/2020
Wealth Management Update February 2020
The low Section 7520 rate and AFRs continue to present potentially rewarding opportunities to fund GRATs in February with depressed assets that are expected to perform better in the coming years.
02/06/2020
Pictet Profit Drops On Hiring Spree
Pictet, which is controlled by seven partners including descendants of the founding family, doesn't specify how much money purely from wealthy clients it took in.
02/06/2020
UBS' Khan: "absolutely convinced" on wealth management profit goal
Khan, who joined Switzerland’s biggest bank in October, said his first four months in the job had convinced him the unit’s mid-term ambition — which UBS reiterated in January — could be reached.
02/06/2020
Citi doubles down on private wealth post-Hayne
The global investment bank, which describes itself as a "challenger" in Australia, quietly wound up its domestic financial planning operations in late 2019, restricting its services to "wholesale clients" or individuals with net assets
02/06/2020
BNP Paribas wealth and asset management revenue continues to grow
The way the Group operates has changed, being more efficient and digital for our clients and employees.
02/06/2020
Credit Suisse: Pawn of Major Powers?
In what appeared to be a show of confidence, Thiam posted an Instagram snap of himself, surrounded by his 11-person top management.
02/06/2020
GLKB with profit jump thanks to diversification
As a result, operating expenses increased, where personnel costs were 15.6 percent higher at 30.29 million.
02/06/2020
HSBC launches Jade, a special bank account for millionaires
UAE’s millionaires among the youngest around the world
02/06/2020
Reshaping wealth management - Five big trends for 2020
Transparency might be seen as an industry reaction to the global financial crisis.
02/06/2020
Credit Suisse Power Balance Shifts as Investors Back Thiam
The leadership crisis is engulfing the lender as tensions between the two men worsen following a spying scandal that dented the bank’s reputation and prompted questions about governance at the top of the bank.
02/06/2020
Private Banking and Wealth Management Survey 2020
UBS Global Wealth Management retains the top spot; JPMorgan is a standout, too.
02/06/2020
Wells Lures $3-Mln UBS Advisor in Connecticut
A UBS spokeswoman did not respond to a request for comment.
02/05/2020
Goldman Is Poised to Enter Japan Wealth Management Business
Still, Japan has been a tough market for foreign banks, with HSBC Holdings Plc and Citigroup Inc. among those to have withdrawn from the business of serving affluent Japanese in recent years.
02/05/2020
Zurich WM: how to open your first foreign office
Evard said that wealth managers need to have staff who understand the language and culture to expand into a new country.
02/04/2020
Mattioli Woods Reports Another Year of Strong Growth
The Mattioli Woods Structured Products Fund was launched in November 2016, with £98m of new monies invested during the year and the value of the fund now exceeds £100m.
02/04/2020
The New Year Brings New Trends For Wealth Managers
Wealth management firms are customizing their portfolio creation to fit the particular clients and, in particular, are focusing these services on the next generation of investors and on high-net-worth investors.
02/04/2020
Coronavirus May Accelerate Chinese Family Office Pivot from Growth to Preservation
China’s determined pursuit of growth when investing was reflected in their average overall portfolio return of 11%, mainly due to direct private equity (19%), private equity funds (15%) and direct real estate (14%) investments.
02/04/2020
UBS Financial Advisor Named to Both State and National Forbes Lists of Top Wealth Advisors
Recognition as a leader in financial services
02/04/2020
Swiss private banking giant shutters Nassau office
The statement continued: “All the necessary steps for this process are being taken in close alignment with the relevant authorities.