01/17/2020
Peter Hargreaves uses £100m HL stake to create charity business
Peter Hargreaves is planning to set up a £100 million charitable foundation financed through shares in the stockbroker bearing his name.
Wealth and Asset Management
01/17/2020
Orchard Street acquires London industrial estate for UK wealth manager
The four units – situated on a seven-acre site within Chessington’s industrial estate on Cox Lane – is fully-let to three tenants.
01/16/2020
Where JPMorgan Sees the Best Alternative Bets
And where its quant strategists see a bubble building.
01/16/2020
Goldman Reveals It’s Still A Small Player In Pursuit Of Wealthy
Goldman’s new focus on wealth management and consumer banking is part of his effort to make it less reliant on trading revenue and more responsive to financial trends such as the boom in alternative assets.
01/16/2020
Investors pull half a billion from Brooks Macdonald
The results also showed investors pulled £235m from the company's discretionary fund management service.
01/16/2020
Citi private banking revenue eases in fourth quarter
On the whole, Citi had a total revenue of $18.4bn in the fourth quarter of 2019.
01/16/2020
Qatar-backed private bank plots hiring spree in global push
Quintet’s expansion reflects intensifying competition in private banking
01/16/2020
Oxford University to raise almost $1 billion, due 100 years from now
University set a price target of about 110 basis points above government-bond rate
01/16/2020
Goldman Sachs Posts Robust AUM Growth in New Consumer and Wealth Segment
While net revenue in the unit overall was $5.2 billion for all of 2019, wealth management revenue was $4.34 billion, which was 5% lower than in 2018, which the firm attributes to “significantly lower Incentive fees and slightly lower net revenues in
01/16/2020
Women take centre stage in financial services
The starting point is to build women’s self-belief in their ability to win promotion
01/15/2020
Cerity Partners Announces Merger with $3 Billion AUM Wealth Management Firm, EMM Wealth
Lloyd Abramowitz adds, "We found Cerity Partners to be the perfect partner for EMM Wealth as they share our belief that effective wealth management extends beyond monetary assets to every aspect of life that wealth touches."
01/15/2020
Boomers Start Giving Children’s Inheritance To Charity
The wealth management industry has been eyeing up the $30 trillion expected to be passed from one generation to the next over the following three decades
01/15/2020
BNY Mellon Announces Innovative Suite of Services to Deliver Greater NAV Oversight and Contingency for the Investment Industry
These expanded BNY Mellon capabilities leverage its recent alliance with institutional investment solutions provider Milestone Group (“Milestone”) and their digital investment platform pControl™.
01/15/2020
UBS Wealth Management Starts Cutting Jobs in Asia and Europe
Job cuts are targeted across functions focused on Asia, Europe
01/15/2020
JPMorgan sees net income up 30% year-on-year
This was attributed to higher investment valuations and average market levels, and also deposit and loan growth.
01/15/2020
GAM partners with SimCorp to consolidate its operating platform
The transfer of current front office systems to SimCorp will be seamless for clients and they will benefit from an improved client reporting experience from GAM.
01/15/2020
Mirabaud Asset Management Launches its Second Private Equity Solutin on Lifestyle Impact & Innovation
This second investment solution will enable investors to participate in new technologies, and younger brands with business innovators in the lifestyle industry.
01/15/2020
EQ Investors hits £1billion in assets under management milestone
The landmark figure follows growing interest in sustainable investing and a rapid rise in demand for EQ’s Positive Impact Portfolios
01/15/2020
Singapore targets more of world’s billions in fund rule overhaul
The move is part of government efforts to build on Singapore’s traditional strength as a financial center and reduce the economy’s reliance on more volatile sectors such as trade.
01/15/2020
Thailand wealth management sector grows as HNWIs hit 30,000
We see vast potential for the market as compared to more mature markets in the region"