04/16/2018
Merrill Lynch notches record revenue of $4B
The firm closed out a strong quarter in which Bank of America laid out plans to aggressively grow its Merrill Edge unit
Wealth and Asset Management
04/15/2018
Mining for millennials
By 2020, the aggregated net worth of global millennials is estimated to hit between $19tr and $24tr
04/13/2018
Netwealth sells Pathway
A spokesperson for IRESS told Financial Standard the acquisition was a natural step for the software provider, having worked closely with Netwealth for more than a decade.
04/13/2018
Credit Suisse forms Directs & Co-Investments Group
The Directs & Co-Investments Group will advise and assist PFG clients in the structuring and placement of private direct investments into the institutional investor market.
04/13/2018
Ermotti Says Swissness Is Key for UBS Staying No. 1 in Wealth
Ermotti’s comments tempered his previous remarks made in a Bloomberg Markets interview last year.
04/13/2018
How the world’s wealthiest keep it in the family
This idea filtered down to the aristocracy, giving rise to the concept of “stewardship”.
04/13/2018
Here comes Citi ...
The first-quarter results are expected to be smoother and more constructive for banks in general.
04/13/2018
LGT taps Appway to digitalise client lifecycle management
The vendor said that its platform will support internal collaboration across the bank’s various units by orchestrating its systems and applications, including the Avaloq core platform.
04/13/2018
Morgan Stanley Wealth stalks JBWere; WAM sets global fund parameters
Among the options being considered for JBWere were a full or partial management buyout.
04/12/2018
Paulina Mejia Honored by Crain’s New York Business as one of the ‘Notable Women in Finance in NYC’
Ms. Mejia is also a member of Trusts & Estates magazine’s Family Business Committee.
04/12/2018
UBS Tops Ranking as Private Banks in Asia Expand Assets 29%
Assets under management in the region exceeded $2 trillion
04/12/2018
LGT implements digital client lifecycle management process with Appway
Beginning with the first project phase in April 2018, LGT will introduce an optimized customer onboarding process for its Liechtenstein head office as well as its private banking branches in Switzerland, Austria, Singapore, and Hong Kong.
04/12/2018
Coutts launches private networking site exclusively for clients
The only, yet important entry criterion is that the user must be an existing client of the private bank.
04/12/2018
Credit Suisse loses Asia equity banker to BAML
Sunil Dhupelia, a syndicate banker who has resigned from UBS, will be a replacement for Highfield’s position.
04/12/2018
Fidelity Overhauls Wealth Management Fees
When the changes go into effect in July some new clients will pay less as a result but others may pay more, according to regulatory filings cited by the Journal.
04/12/2018
JOHCM launches global multi-asset income fund
It will have an annual management charge of 0.65% for 'A' shares and 1.75% for 'B' shares.
04/12/2018
Wu Dao Wealth announces brand strategy
The strategy both addresses and supports the transformation taking place across China's wealth management industry
04/11/2018
Ex-Citi and Safra directors launch $1bn wealth manager in Brazil
The trio runs the venture together and manages assets for six Brazilian families in the ultra-high net worth investor segment, Coutinho told Citywire Americas.
04/11/2018
Liontrust assets hit £10bn after ATI acquisition
Chief executive John Ions said the acquisition had positioned the firm with ‘not only with critical mass but a fantastic track record from a long established team.
04/11/2018
US firm Raymond James ‘discussed shifting London brokerage to Frankfurt’
The wealth manager and investment banking firm opened its office in the German city last summer.