07/20/2018
Asian financial company enters European HNWI market with acquisition
It will operate as an independent subsidiary of Rayliant, while retaining its own name and brand.
Wealth and Asset Management
07/20/2018
Wealthy Kenyans stash Sh96bn in Swiss banks
These funds include deposits from Kenyans and fiduciary liabilities or money held in Swiss banks in trust on behalf of Kenyans.
07/20/2018
2018 Insights on Wealth and Worth
Putting wealth into action
07/20/2018
Queen's private estate records £20m profit but could take Brexit hit
Duchy of Lancaster surplus rises 4.9% on last year but Brexit is seen as ‘strategic risk’
07/20/2018
RBC Wealth Rolls Out New Platform for FAs
Dedicated coaches and customized online tools to support advisor growth and improve client experience
07/19/2018
Nikko to launch Japan’s first yen-hedged US equity ETF
Mr. Imai says Nikko AM “has proactively developed various types of ETFs to meet the needs of investors and will continue to build a diversified and robust portfolio of investment products”.
07/19/2018
Swiss wealth manager looks at London as Brexit looms
UBP set to acquire ACPI as Geneva worries over UK’s attraction for ultra-wealthy
07/19/2018
Morgan Stanley's Dealmakers Post Biggest Gains on Wall Street
The firm was the only one to post double-digit increases in both trading businesses for the second quarter and led the mergers league table for the first half.
07/19/2018
U.S. Bank posts 15% hike in wealth management profits
Profits for the first half of the year were up an impressive 27.6%, while revenue was up 9.1%.
07/19/2018
Steve Ballmer Says His Wife Pushed Him to Be Philanthropic
He spoke in the new episode of "The David Rubenstein Show
07/19/2018
Why UBS has cloned an economist
Bank explores how AI can cut costs while extending services, but some have concerns
07/19/2018
Wealth managers call for clampdown on cryptocurrencies
The leaders among the UK's new breed of digital wealth managers are worried about retail punters trading bitcoin
07/19/2018
SGG Group completes acquisition
A comprehensive review of the newly combined Group’s brands is currently underway and until this review is completed all businesses will continue to operate under their existing brand names.
07/19/2018
Swiss Private Bank fined by US Department of Justice
The IRS recently announced that the Offshore Voluntary Disclosure Program will close on September 28, 2018.
07/19/2018
UBP mandates grow despite market volatility
The net new money mostly came from Asia and Europe, and from both institutional and private clients.
07/19/2018
Investors on 7IM platform flee to safe havens
The best selling ETF was a product that buys physical gold, which is viewed by many as a safe haven.
07/19/2018
UBP announces a net profit of CHF 115 million
Operating expenses of 341.0 million at the end of June 2018 were up slightly from CHF 323.7 million a year earlier.
07/19/2018
Catalyst congratulates SGG Group on the acquisition of Augentius
Catalyst has congratulated their client and leading global investor services firm SGG Group on the successful acquisition of Augentius
07/19/2018
Compagnie Monégasque de Banque CEO: Listening is our key competence
Many wealthy clients want to do good, following the example of Prince Albert with his famous Prince Albert II Foundation.
07/18/2018
Indian wealth firms reach $169bn in record year: report
The wealth unit of Kotak Mahindra Bank retained the number one spot, nearly doubling assets to $30bn in 2017. IIFL Wealth Management came in second, nearly $12bn below Kotak Wealth Management.