05/05/2020
People Over Products: Why Private Banks Should Focus On Relationships, Not Sales
A PwC report notes that firms are increasingly moving toward a new model of wealth management
Wealth and Asset Management
05/04/2020
A $300 Billion Nordic Manager Reveals His New Availability Credo
In Norway, the richest Nordic economy, about 90% of Nordea’s client meetings are now online, compared with about 40% before Covid-19, said Storset, who’s based in Oslo.
05/04/2020
Mirabaud operating result dropped 29% in 2019
Our offering grew in several investment sectors, most notably emerging markets debt.
05/04/2020
PB opens in Switzerland and looks for 40 employees
Quintet appointed Jakob Stott as interim Group CEO, also in March, after previous CEO Jürg Zeltner died.
05/04/2020
Julius Baer Turns Corner in Germany
It is the Swiss bank's tenth in Germany under the leadership of market head Heiko Schlag.
05/04/2020
Reyl Bank Profit Rises on Subsidiaries in Asia
Reyl also bulked up on staff, adding nearly two dozen employees to reach 223 people at year-end.
05/04/2020
Quintet Launches Swiss Bank
The wealth manager has hired copiously from UBS, both in Switzerland as well as elsewhere.
05/03/2020
Rockefeller Hires $10-Million Team from Stifel
The team, whose other senior advisor is James J. “Jimmy” Lee, oversaw about $2 billion of assets under management from mostly first-generation entrepreneurs, Moldaver said in an earlier interview.
05/03/2020
Buffett’s Berkshire posts nearly $50b loss
Berkshire’s first-quarter net loss totaled $49.75 billion, or $30,653 per Class A share
05/03/2020
Rich Americans Seize Historic Chance to Pass On Wealth Tax-Free
Key interest rates set by the Internal Revenue Service for estate-planning purposes have never been as low as they are starting this month.
05/01/2020
Edinburgh-based private bank bullish after ‘strong year’
Edinburgh-based private bank Hampden & Co has reported “another strong year” – with income up by more than a third – and said it expects to continue attracting robust levels of new business.
05/01/2020
Coutts and Adam & Company Q1 2020 Results
Our increased, tailored client communication throughout the crisis has generated fantastic feedback.
05/01/2020
V-shaped economic revival, fuelled by FOMO
Mr Green says: “We’re witnessing what is likely to become a powerful recovery in global stock markets as investors look ahead to the latter half of 2020 and into 2021.
05/01/2020
Butterfield Reports First Quarter 2020 Results
Net income for the quarter ended March 31, 2020 was $40.3 million, down $3.6 million from $43.9 million in the prior quarter.
05/01/2020
Exencial cracks $3bn with Charlotte RIA buy
We really focus on solid integration and making one culture, one organization,’ Burns said.
05/01/2020
GAM Holding - No Current Plans To Buy Back Shares
The latter provides GAM Holding AG the flexibility to distribute future surplus capital to shareholders
05/01/2020
UBS wealth management expects challenges ahead
Business shrank slightly last month
04/30/2020
Wealth-X Bolsters U.S. Dataset on the Wealthy
Over $60 Billion of New Compensation Data Intregrated Into Global Database
04/30/2020
Raiffeisen: “Studio Burgdorf” extends broadcasting area
The virtual receptionist is used when all customer advisors in the branch are occupied or absent.
04/30/2020
St. James’s Place reports first quarter new business inflows
New business inflows and update on dividend payments