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.
Wealth and Asset Management
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.
07/18/2018
Goldman Sachs NFL Play For Wealth Management Growth
This new role shouldn’t be to difficult for Tuck given his already impressive educational background as a Notre Dame alum.
07/18/2018
The Wealth Boom Isn't Trickling Down to Advisors
Few financial advisors will benefit from the growing level of global wealth, savings accounts for gamers and Schwab reports growth in its advisor business.
07/18/2018
Genstar Capital Acquires Majority Stake In Cetera Financial Group
The deal will be a full recapitalization of the broker/dealer, which will retain its current operational structure.
07/18/2018
Investors should breathe easy — for now
Other investors, like Mohamed El-Erian, have also said that the United States may be better off because of the tariffs.
07/18/2018
Pictet WM: Asia’s industry leaders the better bet
Gaud zeroed in on China’s domestic healthcare industry as an example.
07/18/2018
Bill Gates and a group of investors are backing a $30 million 'venture philanthropy' fund to tackle Alzheimer's
Alzheimer's is a brain disease that affects memory, motor functions, and eventually, a person's ability to function properly in daily life.
07/18/2018
Hermes sets high target for Asia growth
In view of the ambitious growth target, she said acquisitions are one option, but declined to give any details.
07/17/2018
‘Honesty is best policy’ in dealing with HNW clients
He says that this business model is slowly disappearing all over the developed world, and not only in the wealth management business.
07/17/2018
Time's Up for the Wealth Management Industry
A recent survey made me feel deeply ashamed to be a part of the industry with the highest recorded prevalence of sexual harassment.
07/17/2018
Why would you want to put your money in Switzerland?
The basic background here is that the world is moving towards greater clarity over whose money is where.
07/17/2018
Arbuthnot Banking's first-half profit rises, to set up secured lending business
In line with our diversification strategy we have also reached an agreement with an incoming management team to establish a new lending division that will be named Arbuthnot Specialist Lending,” Chairman Henry Angest said.
07/17/2018
Wealth management is the new buzzword in financial services sector
The amount of wealth creation is increasing in India, leading to a greater need for people to manage it
07/17/2018
What wealth managers can do to get Brexit-ready
Most boardrooms and executive management teams acknowledge that it’s the biggest challenge in what could be the largest ever upheaval of the UK’s financial markets.