12/04/2015
Will Robos Transform The Wealth Management Industry?
Robos provide basic liability assessment, portfolio analytics, asset allocation/rebalancing and tax loss harvesting the systematic sale and replacement of money-losing securities to offset taxes on capital gains for 25-30 basis points in fees
12/04/2015
Pictet Says Less Is More in Asian Private Banking
It may be smaller than its big Swiss rivals but a focus on wealth management is winning over clients.
12/04/2015
RFU secures partnership with Old Mutual Wealth
The deal sees the UK wealth management business replace insurance company QBE as the title sponsor of the annual autumn internationals series of matches, which will be renamed the Old Mutual Wealth Series from 2016.
12/04/2015
First Republic Bank Announces Contract Extension
The Board approved an extension of Herbert's contract as full-time Chairman and CEO through Dec. 31, 2017.
12/04/2015
David Silfen, Goldman’s Former Equities Co-Head, Dies at 69
In his new role, Silfen was instrumental in building the firm’s equities derivatives business
12/04/2015
Merrill Lynch 2016 Comp Changes Focus on Smaller Advisors
Those who do not could see their upfront cash pay drop over 8 percent, depending on which new production range they fall under.
12/04/2015
Morgan Stanley to Recruit Credit Suisse''s Latin America Brokers -- 2nd Update
The transition is expected to be completed in the first half of next year.
12/04/2015
Wealth boutiques to merge
The combined business will offer discretionary, advisory and execution-only services. The core offering will be bespoke management.
12/03/2015
In October, the Swiss-based bank said that it would close its U.S.-based private equity operations
12/03/2015
The central location at Three Pacific Place in Admiralty ensures Guernsey Finance is well-positioned to meet with Hong Kong-based practitioners and others from around Asia.
12/03/2015
Comes despite £34bn outflows
12/03/2015
Trademark Filing Cites Auction Services; Brokerages For Art, Yachts And More
12/03/2015
Wealth manager believes it can grow despite the rise of computerised financial help
12/03/2015
“Consistent with our growth strategy, this well-respected unit meets our highly selective parameters for cultural and strategic fit, ability to integrate and value,” said Raymond James CEO Paul C. Reilly. “
12/03/2015
The tiny nation wants to become “the European location of choice” for global financial services firms, and is already the biggest centre for fund management in the EU
12/03/2015
BTG seeks buyer for private banking arm
Also up for sale is a controlling stake in parking-lot company Allpark Empreendimentos Participacoes e Servicos SA, which could sell for about 1.5 billion reais, two people with knowledge of the situation said this week.
12/02/2015
Ex-bankers challenge wealth management dominance
You would expect the founders of a successful independent wealth management business to question the old sales and distribution model of its bank-owned rivals
12/02/2015
Morgan Stanley is pulling a surprise move -- and Wall Street loves it
Few investors expected the firm to aggressively restructure its FICC division, according to Hawken.
12/02/2015
Morgan Stanley: It’s All About Wealth Management Now
Potential EPS Impact: Assuming no revenue impact and holding all else equal, an 80% efficiency ratio, and the 25% reduction in FICC staff results
12/02/2015
"This deal enables me to enjoy a capital event now whilst remaining very active in the business. It secures the future of the business for its clients and key staff from our existing location.