04/19/2018
Wells Fargo Loses Reps to Raymond James, BNY Mellon
Wirehouse Wells Fargo has lost two financial advisors in Wisconsin and a senior trust team manager of its private bank unit in California.
Wealth and Asset Management
04/18/2018
Cardena Private Wealth adds life insurance
MBS has secured the partnership at a time when growth in the life insurance risk market is slowing down.
04/18/2018
UBS aims for 25% increase in advisors at wealth center
UBS Advice Advantage, built in collaboration with tech developer SigFig over a roughly 18-month period, has a minimum investment of $10,000 and an advisory fee of 75 basis points.
04/18/2018
Wealth boutique to launch multi-asset ETF portfolio
The investment management fee on the portfolio is 0.5% plus VAT.
04/18/2018
Asset manager Jupiter hit by clients withdrawing money and negative market conditions
The majority of outflows came from retail investors taking money out of the company’s fixed income offering including its Dynamic Bond Fund.
04/18/2018
Progeny launches adviser-only ETF
A multi-asset ETF product that is only available through financial advisers has been launched by Progency Asset Management.
04/18/2018
Morgan Stanley Wealth Management Reports Record Profits
Morgan Stanley’s wealth management division had a record quarter for pre-tax profits, although advisor headcount declined slightly.
04/18/2018
Swiss bank Vontobel sees good start to 2018
We achieved a strong quarterly result,” Staub said in a statement, referring to the first quarter.
04/17/2018
Bank of Singapore to double wealth management staff in Hong Kong to cater to China’s rich
Bank also plans to set up family offices in major Chinese cities this year to help the wealthy with inheritance planning
04/17/2018
Coutts weekly theme: Trading blows – a small bull in a large China shop
Markets are getting nervous about tariffs but can they derail economic growth?
04/17/2018
Another Dutch Bank Under Fire Over High Pay Increases
The bank employs 1,685 people, is worth around 14.7 million euros, and is one of the smallest listed companies on Amsterdam's stock market AEX, according to the newspaper.
04/17/2018
HSBC reportedly to combine UK and Switzerland private banking units into single entity
The Financial Times said Chris Allen, who runs HSBC's private bank in the UK, Channel Islands, France and Germany will become the head of private banking for Europe, the Middle East and Africa
04/17/2018
Goldman crushes profit estimates as trading surges
Goldman’s fixed income trading revenue stood out in sharp contrast with that of larger rivals.
04/17/2018
BofA: Money manager equity allocations continue to drop
Only 18% of investors surveyed think equities have already peaked, while 40% expect a peak in the second half of 2018.
04/16/2018
Global investment firm Nikko AM launches KiwiSaver Scheme
Nikko AM NZ – recently named Morningstar's NZ Fund Manager of the Year – has over NZ$5 billion under management and is part of a worldwide network of investment professionals.
04/16/2018
The ultra-rich want to make money through good causes — but there aren't enough options, UBS says
Along with financial returns, the super wealthy also want their investments to drive positive changes in the world, said Simon Smiles, chief investment officer for ultra-high net worth at UBS Wealth Management.
04/16/2018
Mercer Reports Increase in Assets
New client inflows accounted for approximately $48 billion of the increase.
04/16/2018
Client funds at Charles Stanley slide 4%
A net 7.9% increase in discretionary funds over the period was a positive, the group said.
04/16/2018
Swiss Face Headwinds in Asia
The ten largest banks operating in the Asian growth market last year increased the number of customer advisors by almost 10 percent compared with the year-earlier period.
04/16/2018
UBS Wealth aims to capture “impact delta” in sustainable portfolio
The “ESG Engagement Equities” strategy is being managed by Hermes Investment Management.