Managers of Wealth http://managersofwealth.com/ Sat, 27 Apr 2024 13:07:23 BST part of MediaG8way Group http://managersofwealth.com/ http://managersofwealth.com/assets/images/logo.png Managers of Wealth KohanaPHP Morgan Stanley Reorganizes Asia PE Business News Aggregation Team Friday, April 26, 2024 1:00 am http://managersofwealth.com/article/111347/morgan-stanley-reorganizes-asia-pe-business After 24 years with Morgan Stanley PEA, chief investment officer Andrew Hawkyard will also retire. Wealth and Asset Management BlackRock Memo Reveals Wealth-Management Shuffle Amid ESG Backlash in Texas News Aggregation Team Friday, April 26, 2024 1:00 am http://managersofwealth.com/article/111348/blackrock-memo-reveals-wealth-management-shuffle-amid-esg-backlash-in-texas It has faced fierce public criticism from conservative state officials there and lost business over environmentally conscious investing practices. Wealth and Asset Management Paoletti named to Forbes’ Magazine’s list of Best-in-State Wealth Advisors News Aggregation Team Friday, April 26, 2024 1:00 am http://managersofwealth.com/article/111351/paoletti-named-to-forbesamprsquo-magazineamprsquos-list-of-best-in-state-wealth-advisors Forbes’ Best-in-State Wealth Advisors list comprises a select group of individuals who have a minimum of seven years of industry experience Wealth and Asset Management J. Safra Sarasin Group Reports Strong Results for 2023 News Aggregation Team Friday, April 26, 2024 1:00 am http://managersofwealth.com/article/111355/j-safra-sarasin-group-reports-strong-results-for-2023 Group net profit rose by 6.9% to CHF 470.3 million in 2023 from CHF 440.2 million in 2022. Wealth and Asset Management HSBC’s private bank shuts independent asset management business in HK, Singapore News Aggregation Team Friday, April 26, 2024 1:00 am http://managersofwealth.com/article/111358/hsbcamprsquos-private-bank-shuts-independent-asset-management-business-in-hk-singapore The bank will make the transition as smooth as possible for affected clients Wealth and Asset Management T+1 Could See Swiss Private Bankers Doing Night Shifts Soon News Aggregation Team Friday, April 26, 2024 1:00 am http://managersofwealth.com/article/111359/t1-could-see-swiss-private-bankers-doing-night-shifts-soon The Swiss financial hub won't be able to avoid the prevailing trend worldwide towards ever-higher transaction speeds and frequencies for much longer. Wealth and Asset Management Credent Wealth Management Lands Two New Advisor Firms News Team Friday, April 26, 2024 1:00 am http://managersofwealth.com/article/111360/credent-wealth-management-lands-two-new-advisor-firms Two Independent RIA’s Chose to Join Credent’s Partnership Model Wealth and Asset Management BNP Paribas Group: Results as at 31 March 2024 News Team Friday, April 26, 2024 1:00 am http://managersofwealth.com/article/111361/bnp-paribas-group-results-as-at-31-march-2024 BNP Paribas confirms its 2024 trajectory – revenues more than 2% higher than 2023 Wealth and Asset Management NatWest hits close to £1bn in profit in Q1 2024 News Aggregation Team Friday, April 26, 2024 1:00 am http://managersofwealth.com/article/111367/natwest-hits-close-to-amppound1bn-in-profit-in-q1-2024 Operating profit before tax totalled £1,330m for NatWest in Q1 2024, which was higher than the £1,257m in Q4 2023 but lower year-on-year. Wealth and Asset Management Here’s the scenario that ‘nobody’s really prepared for,’ says UBS Wealth’s CIO News Aggregation Team Friday, April 26, 2024 1:00 am http://managersofwealth.com/article/111368/hereamprsquos-the-scenario-that-amplsquonobodyamprsquos-really-prepared-foramprsquo-says-ubs-wealthamprsquos-cio It’s been a roller coaster week for earnings and data, though Microsoft and Alphabet results are cheering up tech. Wealth and Asset Management ZKB poaches global equity outperformer from boutique News Aggregation Team Friday, April 26, 2024 1:00 am http://managersofwealth.com/article/111357/zkb-poaches-global-equity-outperformer-from-boutique Vincent Lagger has also managed emerging markets funds for GAM. Executive Moves Ex-Odey partner exits Lancaster IM after five months for Argonaut role News Aggregation Team Friday, April 26, 2024 1:00 am http://managersofwealth.com/article/111363/ex-odey-partner-exits-lancaster-im-after-five-months-for-argonaut-role James Kostoris will lead a new three-strong distribution team at Barry Norris’s firm. Executive Moves Thomas von Hohenhau becomes the new advisory board at Everon News Team Friday, April 26, 2024 1:00 am http://managersofwealth.com/article/111364/thomas-von-hohenhau-becomes-the-new-advisory-board-at-everon His role will be to provide the company with technical and strategic support in the future. Executive Moves RBC Brewin Dolphin veteran joins former colleagues at Brooks News Aggregation Team Friday, April 26, 2024 1:00 am http://managersofwealth.com/article/111366/rbc-brewin-dolphin-veteran-joins-former-colleagues-at-brooks Ceri Hill becomes part of Brooks Macdonald’s Cardiff team, reuniting with Martin Gierach and Andrew Lewis, who also came from RBC Brewin Dolphin. Executive Moves EFG International announces the appointment of Yves Maas as Chair of the Board of EFG Bank (Luxembourg) S.A. News Team Thursday, April 25, 2024 1:00 am http://managersofwealth.com/article/111332/efg-international-announces-the-appointment-of-yves-maas-as-chair-of-the-board-of-efg-bank-luxembourg-sa Yves Maas is a highly respected figure within the European banking industry. Executive Moves Nick Mangan Joins UBS Global Wealth Management as Head of Private Clients in Jersey News Team Thursday, April 25, 2024 1:00 am http://managersofwealth.com/article/111333/nick-mangan-joins-ubs-global-wealth-management-as-head-of-private-clients-in-jersey As Head of Private Clients, Nick is leading a team of talented Client Advisers to grow and develop what is an already strong local franchise with private clients, trust companies and family offices. Executive Moves Barclays Wealth asset allocation head Jean-Paul Jaegers departs after six years News Aggregation Team Thursday, April 25, 2024 1:00 am http://managersofwealth.com/article/111341/barclays-wealth-asset-allocation-head-jean-paul-jaegers-departs-after-six-years The news follows Barclays recently naming Sasha Wiggins as CEO of its private bank and wealth management division. Executive Moves The Private Office promotes ex-Close man to investment director News Aggregation Team Thursday, April 25, 2024 1:00 am http://managersofwealth.com/article/111344/the-private-office-promotes-ex-close-man-to-investment-director Daniel Douglas-Wright is confirmed as investment director at the Leeds-based wealth manager. Executive Moves Temenos announces Chief Executive Officer appointment of Jean-Pierre Brulard News Team Wednesday, April 24, 2024 1:00 am http://managersofwealth.com/article/111299/temenos-announces-chief-executive-officer-appointment-of-jean-pierre-brulard Mr. Brulard has a strong global track record in sales and commercial leadership with software, infrastructure and technology companies. Executive Moves Barclays appoints Gijs Borghouts as Chief Internal Auditor News Team Wednesday, April 24, 2024 1:00 am http://managersofwealth.com/article/111302/barclays-appoints-gijs-borghouts-as-chief-internal-auditor e joined the bank in 2021, having previously held senior Auditor roles at NatWest Group, ABN AMRO and Van der Valk Hotels. Executive Moves Pollen Street Capital acquisition of Mattioli Woods approved by over 95% of shareholders News Aggregation Team Friday, April 26, 2024 1:00 am http://managersofwealth.com/article/111349/pollen-street-capital-acquisition-of-mattioli-woods-approved-by-over-95-of-shareholders The acquisition of Mattioli Woods by Pollen Street Capital was approved by over 95% of shareholders who voted. Legal,Regulation,Tax & Compliance Billionaires should pay 2% wealth tax, say G20 ministers News Aggregation Team Thursday, April 25, 2024 1:00 am http://managersofwealth.com/article/111336/billionaires-should-pay-2-wealth-tax-say-g20-ministers Ministers from Brazil, Germany, South Africa and Spain say the levy would boost social justice and fight climate change Legal,Regulation,Tax & Compliance Andy Cole and other ex-footballers join scam victims in HMRC campaign News Aggregation Team Friday, April 19, 2024 1:00 am http://managersofwealth.com/article/111228/andy-cole-and-other-ex-footballers-join-scam-victims-in-hmrc-campaign Campaigners call for an end to the taxman’s perceived harsh tax collection tactics as victims of financial misconduct recount sleepless nights waiting for tax bills. Legal,Regulation,Tax & Compliance Second Cazenove director exits for wealth boutique News Aggregation Team Thursday, April 18, 2024 1:00 am http://managersofwealth.com/article/111198/second-cazenove-director-exits-for-wealth-boutique Rob Hodgson has joined Vermeer Partners as a financial planning director, working alongside managing director and former Cazenove colleague Chris Hogarth. Legal,Regulation,Tax & Compliance Independent audit confirms that the loans are granted correctly News Team Thursday, April 18, 2024 1:00 am http://managersofwealth.com/article/111208/independent-audit-confirms-that-the-loans-are-granted-correctly The audit report confirms the regularity of the lending and classifies the bank's credit policy as conservative Legal,Regulation,Tax & Compliance Ex-Man Utd footballer sues his former SJP adviser over £750k unclear fees News Aggregation Team Monday, April 15, 2024 1:00 am http://managersofwealth.com/article/111112/ex-man-utd-footballer-sues-his-former-sjp-adviser-over-amppound750k-unclear-fees Chris Smalling is suing Klipp Wealth Management, a representative of SJP, for £750,000, alleging it failed to accurately disclose fees. Legal,Regulation,Tax & Compliance Morgan Stanley Dives As Regulators Open Wealth Arm Probes News Aggregation Team Friday, April 12, 2024 1:00 am http://managersofwealth.com/article/111101/morgan-stanley-dives-as-regulators-open-wealth-arm-probes The regulators are investigating whether Morgan Stanley has properly investigated potential clients and their sources of wealth, as well as how it monitors their financial activity. Legal,Regulation,Tax & Compliance Woodford points finger at Link and FCA as watchdog proposes action News Aggregation Team Thursday, April 11, 2024 1:00 am http://managersofwealth.com/article/111067/woodford-points-finger-at-link-and-fca-as-watchdog-proposes-action Regulator claims fund manager Neil Woodford had a defective and unreasonably narrow understanding of his responsibilities. Legal,Regulation,Tax & Compliance UBS Tries to Reverse CS Judgement in Singapore News Aggregation Team Wednesday, April 10, 2024 1:00 am http://managersofwealth.com/article/111043/ubs-tries-to-reverse-cs-judgement-in-singapore A court in the city-state is currently wrestling with the hundreds of millions of dollars in client damages. Legal,Regulation,Tax & Compliance Using bond ladders to manage liquidity News Team Tuesday, April 09, 2024 1:00 am http://managersofwealth.com/article/111002/using-bond-ladders-to-manage-liquidity Bond ladders can be a useful tool to help investors balance their liquidity needs with stable income generation. Legal,Regulation,Tax & Compliance SEI Reports First-Quarter 2024 Financial Results News Team Thursday, April 25, 2024 1:00 am http://managersofwealth.com/article/111328/sei-reports-first-quarter-2024-financial-results Diluted earnings per share were $0.99 in first-quarter 2024 compared to $0.79 in first-quarter 2023. FinTech Broadridge Securities Lending and Advisor Marketing Solutions Added to Salesforce AppExchange News Team Thursday, April 25, 2024 1:00 am http://managersofwealth.com/article/111337/broadridge-securities-lending-and-advisor-marketing-solutions-added-to-salesforce-appexchange Broadridge’s customers can now benefit from streamlined workflows and enhanced advisor productivity FinTech SJP academy head: Treading the technology tightrope News Aggregation Team Thursday, April 25, 2024 1:00 am http://managersofwealth.com/article/111338/sjp-academy-head-treading-the-technology-tightrope It’s a dance between embracing the future and honouring the profession’s foundational principles. FinTech Fundpath Secures Further £2m Investment From Fuel Ventures News Team Wednesday, April 24, 2024 1:00 am http://managersofwealth.com/article/111303/fundpath-secures-further-amppound2m-investment-from-fuel-ventures This funding round completes as Fundpath’s client base reaches a key milestone, with 100 asset management firms onboarded. FinTech Paris-based fintech RockFi raises €3M just three months after its official launch News Aggregation Team Tuesday, April 23, 2024 1:00 am http://managersofwealth.com/article/111290/paris-based-fintech-rockfi-raises-ampeuro3m-just-three-months-after-its-official-launch RockFi will use the funds to triple its workforce, which currently has 15 employees, by the year-end, expanding its team of private bankers and wealth management experts to cover all of France. FinTech How digitalization and generation change are driving the development of the wealthtech industry News Aggregation Team Monday, April 22, 2024 1:00 am http://managersofwealth.com/article/111253/how-digitalization-and-generation-change-are-driving-the-development-of-the-wealthtech-industry This includes stimulating the rapid development of the wealthtech industry. FinTech Leading fund administrator, Alter Domus goes live on Temenos Multifonds platform to manage growth in alternative funds News Team Thursday, April 18, 2024 1:00 am http://managersofwealth.com/article/111209/leading-fund-administrator-alter-domus-goes-live-on-temenos-multifonds-platform-to-manage-growth-in-alternative-funds The alternative investments specialist, with $2.2tn of assets under management, will use Temenos to support the expansion of alternative investments to retail investors FinTech Kinsted Wealth selects Objectway for enhanced and fully integrated client and investment management platform to drive growth News Team Thursday, April 18, 2024 1:00 am http://managersofwealth.com/article/111216/kinsted-wealth-selects-objectway-for-enhanced-and-fully-integrated-client-and-investment-management-platform-to-drive-growth This solution will enable Kinsted Wealth to improve client experience with a 360° client view FinTech SBI SECURITIES Selects Broadridge's Post-trade Solution for its Equities Brokerage Services in the UK News Team Tuesday, April 16, 2024 1:00 am http://managersofwealth.com/article/111160/sbi-securities-selects-broadridgeamp039s-post-trade-solution-for-its-equities-brokerage-services-in-the-uk Broadridge has proven to be the partner of choice for us as we grow our business globally. FinTech Santander to launch Openbank digital brand in US News Aggregation Team Thursday, April 11, 2024 1:00 am http://managersofwealth.com/article/111054/santander-to-launch-openbank-digital-brand-in-us Under the Openbank name, Santander will introduce a new nationwide digital offering in the US. FinTech Family Offices: Lessons in Investing in Middle Eastern Fine Art News Aggregation Team Friday, April 26, 2024 1:00 am http://managersofwealth.com/article/111365/family-offices-lessons-in-investing-in-middle-eastern-fine-art In the first quarter of 2023, there was a noticeable increase in temporary art exhibitions, talent, and investors gathering in the Middle East. Family Office 136 family offices mull setting up or expanding business in HK, says treasury chief News Aggregation Team Thursday, April 25, 2024 1:00 am http://managersofwealth.com/article/111343/136-family-offices-mull-setting-up-or-expanding-business-in-hk-says-treasury-chief Out of the 64 family offices, 49 family offices are from the mainland, eight from Asia, four from North America and three from Europe. Family Office Monaco Woos GBA Family Offices News Aggregation Team Thursday, April 18, 2024 1:00 am http://managersofwealth.com/article/111201/monaco-woos-gba-family-offices Monaco is known as a haven for the ultra-rich with no tax for income, capital gains or inheritance. Family Office Family offices in Asia: the booming powerhouses of asset management News Team Tuesday, April 16, 2024 1:00 am http://managersofwealth.com/article/111157/family-offices-in-asia-the-booming-powerhouses-of-asset-management Originally designed to manage the wealth of HNWIs, family offices’ role has expanded to encompass strategic investments and influencing corporate governance. Family Office Validus Capital Expands Team and Multi-Family Office Capabilities with Managing Director Wayne Park, CPA News Team Friday, April 12, 2024 1:00 am http://managersofwealth.com/article/111083/validus-capital-expands-team-and-multi-family-office-capabilities-with-managing-director-wayne-park-cpa Prior to working at Mariner, Wayne was an experienced tax professional with Apercen Partners, LLC, where he focused on tax compliance and consulting services for UHNW clients. Family Office Shifting The Family Office For A Different Generation News Aggregation Team Wednesday, April 10, 2024 1:00 am http://managersofwealth.com/article/111032/shifting-the-family-office-for-a-different-generation Additionally, research suggests that this wealth will transfer to a smaller, yet more diverse group compared to previous generations. Family Office Family offices have tripled since 2019, creating a new gold rush on Wall Street News Aggregation Team Tuesday, April 09, 2024 1:00 am http://managersofwealth.com/article/111024/family-offices-have-tripled-since-2019-creating-a-new-gold-rush-on-wall-street There are more than 2,600 billionaires in the world, almost all of them requiring a family office. Family Office Technology And Private Markets: The Changing Family Office Approach News Aggregation Team Monday, April 08, 2024 1:00 am http://managersofwealth.com/article/110979/technology-and-private-markets-the-changing-family-office-approach With the growth of family offices worldwide, technologies enabling access to private markets as an asset class have been quick to capitalise on an emerging opportunity. Family Office Investors welcome to set up family offices in HK as wealth management among govt policy priorities: CE News Aggregation Team Monday, April 08, 2024 1:00 am http://managersofwealth.com/article/110993/investors-welcome-to-set-up-family-offices-in-hk-as-wealth-management-among-govt-policy-priorities-ce The city's leader stated that there are currently 2,700 family offices in Hong Kong, generating a considerable multiplier effect on the city's economy. Family Office The New Titans Of Wealth: How Ultra-High-Net-Worth Individuals Are Changing The Game For Family Offices News Aggregation Team Thursday, April 04, 2024 1:00 am http://managersofwealth.com/article/110924/the-new-titans-of-wealth-how-ultra-high-net-worth-individuals-are-changing-the-game-for-family-offices In an era marked by rapid transformations in the financial sector, family offices stand at a pivotal juncture, grappling with a multitude of challenges and opportunities. Family Office Watches from the collection of racing driver Michael Schumacher: the quest for ‘extreme precision and engineering brilliance’ News Aggregation Team Friday, April 26, 2024 1:00 am http://managersofwealth.com/article/111362/watches-from-the-collection-of-racing-driver-michael-schumacher-the-quest-for-amplsquoextreme-precision-and-engineering-brillianceamprsquo Unique timepieces by F.P. Journe and Audemars Piguet — commemorating some of the Formula One legend’s historic achievements — are among a selection of haute horology coming to auction in Geneva on 13 May Luxury Owner of Patek Philippe Acquires Gourmet Haven on Lake Geneva News Aggregation Team Wednesday, April 24, 2024 1:00 am http://managersofwealth.com/article/111307/owner-of-patek-philippe-acquires-gourmet-haven-on-lake-geneva In addition to watchmaking, Thierry Stern, owner and chairman of Patek Philippe, is now venturing into culinary realms. Luxury Hermés handbags top list of world's most coveted items again News Aggregation Team Monday, April 22, 2024 1:00 am http://managersofwealth.com/article/111246/hermampeacutes-handbags-top-list-of-worldamp039s-most-coveted-items-again The index tracks the performance of a theoretical basket of selected collectable asset classes using existing third-party indices. Luxury HNWI surge set to propel Dubai’s ultra-luxury realty to new heights News Aggregation Team Monday, April 22, 2024 1:00 am http://managersofwealth.com/article/111249/hnwi-surge-set-to-propel-dubaiamprsquos-ultra-luxury-realty-to-new-heights In the first quarter, Dubai’s residential property market surged to $110 billion boosted by a 55% surge in investment inflows Luxury What Sustainability at Watches and Wonders Geneva 2024 Really Looked Like News Aggregation Team Wednesday, April 17, 2024 1:00 am http://managersofwealth.com/article/111179/what-sustainability-at-watches-and-wonders-geneva-2024-really-looked-like IWC scraps its annual sustainability report, TAG Heuer delivers lab-grown diamonds while Cartier CEO Cyrille Vigneron renews his green commitments. Luxury LVMH sets tone for luxury peers; Adidas delivers positive news ahead of summer of sport News Team Wednesday, April 17, 2024 1:00 am http://managersofwealth.com/article/111184/lvmh-sets-tone-for-luxury-peers-adidas-delivers-positive-news-ahead-of-summer-of-sport Just in terms of trends, in the US, there continues to be a divergence between aspirational and high-end consumers, and the former continue to feel the pressure of inflation and price increases. Luxury Watches that last: how ID Genève is transforming luxury watch-making by embracing the circular economy News Team Monday, April 15, 2024 1:00 am http://managersofwealth.com/article/111115/watches-that-last-how-id-genampegraveve-is-transforming-luxury-watch-making-by-embracing-the-circular-economy Breaking with tradition, innovative players are now opening the way to more circular and environmentally-friendly watch-making. Luxury This $33 Million Home Resides in Rolls-Royce’s Former London Headquarters News Aggregation Team Thursday, April 11, 2024 1:00 am http://managersofwealth.com/article/111060/this-33-million-home-resides-in-rolls-royceamprsquos-former-london-headquarters The apartment is tucked into an eye-catching building that stands on a piece of land that has had many lives over the past few centuries. Luxury China’s young ultra-rich seen reshaping wealth management, art collection and luxury spending: HSBC summit speakers News Aggregation Team Thursday, April 11, 2024 1:00 am http://managersofwealth.com/article/111072/chinaamprsquos-young-ultra-rich-seen-reshaping-wealth-management-art-collection-and-luxury-spending-hsbc-summit-speakers Wealth management is transforming into ‘a new virtual format in addition to the traditional finance space’, asset manager says Luxury Wealthy Chinese dial back spending on luxury: Hurun survey News Aggregation Team Thursday, April 04, 2024 1:00 am http://managersofwealth.com/article/110930/wealthy-chinese-dial-back-spending-on-luxury-hurun-survey Report shows China’s affluent consumers reined in their spending on luxury last year, though bright spots emerged. Luxury The world’s richest AI billionaires increased their wealth by a whopping $390 billion in a year News Aggregation Team Tuesday, April 23, 2024 1:00 am http://managersofwealth.com/article/111268/the-worldamprsquos-richest-ai-billionaires-increased-their-wealth-by-a-whopping-390-billion-in-a-year Although the world’s richest AI billionaires already had an impressive net worth, the AI renaissance, which started last year, helped them grow their wealth even more. Extremely Wealthy EQT readies infrastructure fund for wealthy clients News Aggregation Team Friday, April 19, 2024 1:00 am http://managersofwealth.com/article/111229/eqt-readies-infrastructure-fund-for-wealthy-clients The Swedish private equity group is preparing several products for the segment and expects it to make up 15% to 20% of the overall fundraisings over time. Extremely Wealthy Elon Musk's wealth has crashed by over $160 billion from its peak as Tesla's problems pile up News Aggregation Team Friday, April 19, 2024 1:00 am http://managersofwealth.com/article/111238/elon-muskamp039s-wealth-has-crashed-by-over-160-billion-from-its-peak-as-teslaamp039s-problems-pile-up Tesla shares have tumbled 62% from their peak as investors gear up for a growth slowdown. Extremely Wealthy Malaysia’s 50 Richest 2024: Some Tycoons Hit The Jackpot In A Year Of Moderate Growth News Aggregation Team Tuesday, April 16, 2024 1:00 am http://managersofwealth.com/article/111155/malaysiaamprsquos-50-richest-2024-some-tycoons-hit-the-jackpot-in-a-year-of-moderate-growth Property gains propel the wealth of a select few amid rising demand. Extremely Wealthy Jeff Bezos, Elon Musk and 12 Others That Have Racked Up $100 Billion+ Net Worth News Aggregation Team Thursday, April 11, 2024 1:00 am http://managersofwealth.com/article/111055/jeff-bezos-elon-musk-and-12-others-that-have-racked-up-100-billion-net-worth Bernard Arnault has retained his place atop Forbes’ World’s Billionaires list Extremely Wealthy How Much Are the Ultra Wealthy Really Investing in Gold? News Aggregation Team Monday, April 08, 2024 1:00 am http://managersofwealth.com/article/110976/how-much-are-the-ultra-wealthy-really-investing-in-gold They just don’t own giant vaults and swim in gold like Scrooge McDuck. Extremely Wealthy Mark Zuckerberg’s wealth exceeds Elon Musk’s for the first time since 2020 News Aggregation Team Monday, April 08, 2024 1:00 am http://managersofwealth.com/article/110991/mark-zuckerbergamprsquos-wealth-exceeds-elon-muskamprsquos-for-the-first-time-since-2020 That followed news earlier in the week that Tesla’s vehicle deliveries fell in the three months through March, their first year-over-year decline since the early days of the Covid pandemic. Extremely Wealthy 5 Countries with Highest Percentage of Millionaires in the World News Aggregation Team Thursday, April 04, 2024 1:00 am http://managersofwealth.com/article/110928/5-countries-with-highest-percentage-of-millionaires-in-the-world The upper-middle segment has net assets accumulated around $178.9 trillion, accounting for 39.4% of global wealth in 2022. Extremely Wealthy Forbes’ rich list gains $2 trillion as Taylor Swift and Sam Altman become billionaires News Team Wednesday, April 03, 2024 1:00 am http://managersofwealth.com/article/110897/forbesamprsquo-rich-list-gains-2-trillion-as-taylor-swift-and-sam-altman-become-billionaires Collectively, the planet’s billionaires gained $2 trillion between them in 2023. Extremely Wealthy The Countries With The Most Billionaires 2024 News Aggregation Team Tuesday, April 02, 2024 1:00 am http://managersofwealth.com/article/110880/the-countries-with-the-most-billionaires-2024 America doubles its lead on China while India hits new high. Extremely Wealthy Wealth manager Q&A with Caroline Kitidis: Tech it or leave it News Aggregation Team Friday, April 26, 2024 1:00 am http://managersofwealth.com/article/111350/wealth-manager-qampampa-with-caroline-kitidis-tech-it-or-leave-it Global head of ultra-high net worth at HSBC Global Private Banking, on the importance of remaining open-minded and willing to embrace. Comment & Analysis 2024 EY Global Wealth Management Industry Report News Team Friday, April 26, 2024 1:00 am http://managersofwealth.com/article/111353/2024-ey-global-wealth-management-industry-report Rethinking the how Comment & Analysis Will the Fed continue to cut interest rates? News Team Friday, April 26, 2024 1:00 am http://managersofwealth.com/article/111354/will-the-fed-continue-to-cut-interest-rates Thus, even though the catalysts that have guided the Fed’s rate-cutting operations since the early-1950s have still yet to be met, debt sustainability and financial system stability appear to be rising up the Fed’s priority list. Comment & Analysis Managing the $100 trillion Great Wealth Transfer to next-gen family members News Team Thursday, April 25, 2024 1:00 am http://managersofwealth.com/article/111329/managing-the-100-trillion-great-wealth-transfer-to-next-gen-family-members Layve Rabinowitz, Stonehage Fleming Head of Family Office Middle East Africa Comment & Analysis How to win in today's wealth management industry: EY News Aggregation Team Wednesday, April 24, 2024 1:00 am http://managersofwealth.com/article/111301/how-to-win-in-todayamp039s-wealth-management-industry-ey One of the main challenges wealth managers face is to "stand out in the age of personalisation." Comment & Analysis UAE: 350 millionaires move from Africa to Emirates every year, says expert News Aggregation Team Wednesday, April 24, 2024 1:00 am http://managersofwealth.com/article/111317/uae-350-millionaires-move-from-africa-to-emirates-every-year-says-expert The country houses 116,500 millionaires, 308 centi-millionaires with $100 million in wealth, and 20 billionaires, according to Henley and Partners Comment & Analysis Interest rates and mortgages – which one could be right for you? News Team Wednesday, April 24, 2024 1:00 am http://managersofwealth.com/article/111318/interest-rates-and-mortgages-ampndash-which-one-could-be-right-for-you Small percentages can make big differences when it comes to planning for your home and family, so here’s a simple explainer to help find the right mortgage solution for you. Comment & Analysis Q1 2024: AUMA and flows trading update News Team Wednesday, April 24, 2024 1:00 am http://managersofwealth.com/article/111321/q1-2024-auma-and-flows-trading-update Q1 2023 net outflows were £6.2bn, including £1.8bn of net outflows from liquidity. Comment & Analysis Swing to market pessimism looks overdone News Team Tuesday, April 23, 2024 1:00 am http://managersofwealth.com/article/111273/swing-to-market-pessimism-looks-overdone Early results remain consistent with our expectations for healthy US earnings growth of 7–9% for the quarter. Comment & Analysis Elon Musk's wealth has crashed by over $175 billion from its peak as Tesla's problems pile up News Aggregation Team Tuesday, April 23, 2024 1:00 am http://managersofwealth.com/article/111287/elon-muskamp039s-wealth-has-crashed-by-over-175-billion-from-its-peak-as-teslaamp039s-problems-pile-up The stock drop has fueled an estimated $176 billion decline in Elon Musk's net worth. Comment & Analysis The Most Expensive Dresses Ever Sold at Auction News Aggregation Team Friday, April 26, 2024 1:00 am http://managersofwealth.com/article/111372/the-most-expensive-dresses-ever-sold-at-auction The dress, from the spring 1967 collection, was made of chain-linked aluminum squares and rectangular plates. Its sale price was a world record for a Paco Rabanne piece. Extremely Expensive Jeff Bezos just leapfrogged Elon Musk as the world’s richest person with a fortune of $200 billion News Aggregation Team Tuesday, March 05, 2024 12:00 am http://managersofwealth.com/article/110365/jeff-bezos-just-leapfrogged-elon-musk-as-the-worldamprsquos-richest-person-with-a-fortune-of-200-billion Musk now has a net worth of $197.7 billion; Bezos’ fortune is $200.3 billion. Extremely Expensive Beatles Painting Made Between Tokyo Performances Sells for $1.7 M. at Christie’s News Aggregation Team Tuesday, February 06, 2024 12:00 am http://managersofwealth.com/article/109847/beatles-painting-made-between-tokyo-performances-sells-for-17-m-at-christieamprsquos Japanese authorities decided that was the safest place to keep the band between their five concert performances at Budokan Hall. Extremely Expensive Where can you find the world’s most expensive houses? Just north of $200 million News Aggregation Team Monday, February 05, 2024 12:00 am http://managersofwealth.com/article/109818/where-can-you-find-the-worldamprsquos-most-expensive-houses-just-north-of-200-million Billionaires are getting richer and the trophy house supply just can’t keep up. Will $200 million become the ‘norm’ for the super-rich house hunter? Extremely Expensive Taylor Swift revamps £10 million North London luxury mansion News Aggregation Team Thursday, December 28, 2023 12:00 am http://managersofwealth.com/article/109134/taylor-swift-revamps-amppound10-million-north-london-luxury-mansion The mansion will feature luxury appointments including a swimming pool and even an orangery, planning documents reveal. Extremely Expensive Dubai penthouse sold for $136mln News Aggregation Team Monday, November 20, 2023 12:00 am http://managersofwealth.com/article/108465/dubai-penthouse-sold-for-136mln Here's what makes it the most expensive residential property ever Extremely Expensive Lamborghini Huracan sets record as Motorway’s most expensive used car in daily sale News Aggregation Team Friday, September 15, 2023 1:00 am http://managersofwealth.com/article/107221/lamborghini-huracan-sets-record-as-motorwayamprsquos-most-expensive-used-car-in-daily-sale Used car marketplace reveals top 10 most expensive cars sold so far in 2023 Extremely Expensive Sydney's housing is now officially more expensive than New York and London News Aggregation Team Thursday, September 07, 2023 1:00 am http://managersofwealth.com/article/107029/sydneyamp039s-housing-is-now-officially-more-expensive-than-new-york-and-london Sydney sixth most expensive city on the globe Extremely Expensive Mystery buyer of world’s largest bottle of whisky revealed News Aggregation Team Monday, September 04, 2023 1:00 am http://managersofwealth.com/article/106950/mystery-buyer-of-worldamprsquos-largest-bottle-of-whisky-revealed Standing over 1.8m tall, the record-breaking bottle containing 311 litres of 32-year-old Macallan single malt was sold at auction for £1.1 million in 2022 Extremely Expensive The 7 most expensive cars in the world in 2023 News Aggregation Team Friday, August 18, 2023 1:00 am http://managersofwealth.com/article/106664/the-7-most-expensive-cars-in-the-world-in-2023 From the Rolls-Royce Boat Tail to the Mercedes-Maybach Exelero, here we list some of the most expensive cars in the world. Extremely Expensive Morgan Stanley Names 10 Women and an Ally as their MAKERS Class of 2024 News Team Thursday, April 25, 2024 1:00 am http://managersofwealth.com/article/111325/morgan-stanley-names-10-women-and-an-ally-as-their-makers-class-of-2024 Nominations were solicited from employees across Morgan Stanley Wealth Management. Research Cerulli: Wealthy Investors Prefer Advisors at Big Firms News Aggregation Team Friday, April 05, 2024 1:00 am http://managersofwealth.com/article/110946/cerulli-wealthy-investors-prefer-advisors-at-big-firms Investors have a strong preference for advisors at large national banks and broker/dealers, especially the high-net-worth. Research UBS: Mainland Chinese art collectors spent the most in 2023 News Aggregation Team Wednesday, March 13, 2024 12:00 am http://managersofwealth.com/article/110535/ubs-mainland-chinese-art-collectors-spent-the-most-in-2023 Their median expenditure on art and antiques surged to $241,000 in the first half of last year, according to the Art Basel and UBS Global Art Market Report 2024. Research Family Offices Market 2024: Rising Demand for Tailored Wealth Management News Team Wednesday, March 06, 2024 12:00 am http://managersofwealth.com/article/110403/family-offices-market-2024-rising-demand-for-tailored-wealth-management Family offices are private firms that manage the investments and wealth of high-net-worth individuals or families. Research New Global Research Reveals How Wealth Management Firms Have to Reinvent Themselves to Thrive in the Next Era of Investing News Team Wednesday, February 28, 2024 12:00 am http://managersofwealth.com/article/110259/new-global-research-reveals-how-wealth-management-firms-have-to-reinvent-themselves-to-thrive-in-the-next-era-of-investing Forward-looking study shows how investment providers are embracing new innovative technologies and AI as investor demographics and expectations shift worldwide Research Semi-liquid funds reach $350bn driven by private wealth demand News Aggregation Team Wednesday, February 28, 2024 12:00 am http://managersofwealth.com/article/110271/semi-liquid-funds-reach-350bn-driven-by-private-wealth-demand The number of strategies dedicated to wealth clients has doubled in the last five years, Preqin research shows. Research Pictet Research Institute launched News Team Tuesday, February 27, 2024 12:00 am http://managersofwealth.com/article/110241/pictet-research-institute-launched The Pictet Research Institute will be led by Maria Vassalou, who joins Pictet from Goldman Sachs Asset Management, where she was co-CIO of Multi-Asset Solutions. Research “There’s false perception that people’s skills erode when they are not working.” News Team Thursday, February 22, 2024 12:00 am http://managersofwealth.com/article/110155/ampldquothereamprsquos-false-perception-that-peopleamprsquos-skills-erode-when-they-are-not-workingamprdquo Investec recently spoke to Julianne Miles, a social entrepreneur and the CEO of Career Returners. Research Forbes Recognizes JKS Financial as a Best-in-State Top Wealth Management Team News Team Thursday, February 08, 2024 12:00 am http://managersofwealth.com/article/109882/forbes-recognizes-jks-financial-as-a-best-in-state-top-wealth-management-team The team was ranked 33 on Forbes and SHOOK Research's annual list Research Coutts London Prime Property Index Q4 2023 News Team Thursday, January 25, 2024 12:00 am http://managersofwealth.com/article/109605/coutts-london-prime-property-index-q4-2023 Despite this late flurry, prices remained broadly static across prime central London when comparing overall data from 2022 and 2023. Research Tropical Living: 9 Warm Destinations to Escape the Winter News Team Monday, January 16, 2023 12:00 am http://managersofwealth.com/article/102458/tropical-living-9-warm-destinations-to-escape-the-winter These tropical, sandy, and sunny luxury locales offer a retreat from northern snow and ice Executive Travel Destination Aspen: Colorado’s Ski and Mountain Star News Team Monday, January 09, 2023 12:00 am http://managersofwealth.com/article/102316/destination-aspen-coloradoamprsquos-ski-and-mountain-star Aspen has it all—clean air, culture, designer shops and fine dining, and of course the world’s best skiing and outdoor pursuits. Read on to learn why Aspen is the “Beverly Hills of the mountains,” and take a glimpse of what’s Executive Travel Travellers opting for luxury penguin cruises News Aggregation Team Monday, December 19, 2022 12:00 am http://managersofwealth.com/article/102029/travellers-opting-for-luxury-penguin-cruises Cruising allows nature lovers to access remote areas and enjoy them in luxury accommodation from a small cruise ship which has minimal impact on the delicate environment. Executive Travel On Top of the World: Welcome to Sunny Isles Beach, Miami News Team Monday, October 31, 2022 12:00 am http://managersofwealth.com/article/101011/on-top-of-the-world-welcome-to-sunny-isles-beach-miami Set to redefine the Miami skyline, the two towers of The St. Regis Residences, Sunny Isles Beach, are an exquisite paradise Executive Travel The World’s Most Powerful Passports have the Least Travel Freedom News Team Wednesday, July 20, 2022 1:00 am http://managersofwealth.com/article/98919/the-worldamprsquos-most-powerful-passports-have-the-least-travel-freedom This figure is far behind the global trend where markets in Europe and North America have recovered to around 60% of pre-crisis travel mobility levels. Executive Travel Debunking Top 4 Myths On Private Jet Travel News Aggregation Team Tuesday, May 31, 2022 1:00 am http://managersofwealth.com/article/97937/debunking-top-4-myths-on-private-jet-travel A luxurious vacation in the far-flung lands is now within reach with private jets becoming more accessible for everyone. Executive Travel ‘The haves and have-yachts’: on the trail of London’s super-rich News Aggregation Team Monday, May 23, 2022 1:00 am http://managersofwealth.com/article/97784/amplsquothe-haves-and-have-yachtsamprsquo-on-the-trail-of-londonamprsquos-super-rich We join sociologist Caroline Knowles on a walk across the economic and class divide of the capital to discover how extreme wealth has reshaped our streets Executive Travel Biggin Hill Airport Plots Future News Aggregation Team Wednesday, May 18, 2022 1:00 am http://managersofwealth.com/article/97674/biggin-hill-airport-plots-future This surge is also reflected in the hub’s annual aircraft movement tally, which jumped by nearly 30 percent between 2020 and 2021, rising from 14,700 to 18,900. Executive Travel Will inter-city space travel replace business jet flights in the near future? News Aggregation Team Friday, May 13, 2022 1:00 am http://managersofwealth.com/article/97577/will-inter-city-space-travel-replace-business-jet-flights-in-the-near-future The market could be worth about $7bn in terms of revenue for operators by 2040, Citi report says Executive Travel Executive aviation: Expert insights on the private aircraft market News Team Friday, May 13, 2022 1:00 am http://managersofwealth.com/article/97594/executive-aviation-expert-insights-on-the-private-aircraft-market That has a lot to do with positive wealth creation, the low interest rate environment, and a desire of the ultrawealthy to avoid commercial airlines in favor of private flying, if they can. Executive Travel Record cocoa prices and the unfair chocolate value chain – meet the entrepreneurs working to change things News Team Friday, April 26, 2024 1:00 am http://managersofwealth.com/article/111352/record-cocoa-prices-and-the-unfair-chocolate-value-chain-ampndash-meet-the-entrepreneurs-working-to-change-things The cocoa industry in some ways has itself to blame. Planet SOS Mirova and Phitrust put biodiversity on the agenda of CAC 40 general meetings News Team Friday, April 26, 2024 1:00 am http://managersofwealth.com/article/111356/mirova-and-phitrust-put-biodiversity-on-the-agenda-of-cac-40-general-meetings Mirova and Phitrust are working to promote these standards to companies, particularly those high biodiversity stakes. Planet SOS Energy storage: Mirova supports Corsica Sole and enters the capital of its Joint Venture "Baltic Storage Platform" created with Evecon News Team Tuesday, April 23, 2024 1:00 am http://managersofwealth.com/article/111275/energy-storage-mirova-supports-corsica-sole-and-enters-the-capital-of-its-joint-venture-ampquotbaltic-storage-platformampquot-created-with-evecon This operation provides the means to implement the ambitions of this structure in the service of the transformation of the electricity grid of the Baltic countries. Planet SOS 3i Group, Mirova and Banque des Territoires extend NEoT Green Mobility to a €160 million platform for zero-emission mobility News Team Tuesday, April 23, 2024 1:00 am http://managersofwealth.com/article/111283/3i-group-mirova-and-banque-des-territoires-extend-neot-green-mobility-to-a-ampeuro160-million-platform-for-zero-emission-mobility NGM offers turnkey zero-emission transportation leasing solutions to public authorities and transport operators. Planet SOS Cazenove Capital publishes 2023 Sustainability and Impact Reports News Team Monday, April 22, 2024 1:00 am http://managersofwealth.com/article/111250/cazenove-capital-publishes-2023-sustainability-and-impact-reports The Sustainability and Impact Reports for Cazenove Capital's flagship sustainable funds evaluate the positive impact each fund has made on people and planet over 2023. Planet SOS SimplyBiz partners with platform to help advisers achieve net zero News Aggregation Team Monday, April 22, 2024 1:00 am http://managersofwealth.com/article/111258/simplybiz-partners-with-platform-to-help-advisers-achieve-net-zero It provides a route with accreditation and promotion built in it to mark the achievement of key milestones on a firm’s journey to net zero. Planet SOS Mirova invests in smart energy company GridBeyond News Team Thursday, April 18, 2024 1:00 am http://managersofwealth.com/article/111199/mirova-invests-in-smart-energy-company-gridbeyond The company will use the funding to support its international expansion, increase its US presence and continue its investment in R&D to facilitate the delivery of a global zero-carbon future. Planet SOS ESG is an ‘integral part’ of the investment sector says Wren Sterling CIO News Aggregation Team Thursday, April 18, 2024 1:00 am http://managersofwealth.com/article/111203/esg-is-an-amplsquointegral-partamprsquo-of-the-investment-sector-says-wren-sterling-cio McPherson added that most clients want to make a positive contribution via ESG investing. Planet SOS The just transition: A closer look at Guernsey’s role News Team Wednesday, April 17, 2024 1:00 am http://managersofwealth.com/article/111171/the-just-transition-a-closer-look-at-guernseyamprsquos-role There is still a growing appetite for more bankable projects in the adaption and nature finance spaces. Planet SOS The CISI and Evertreen partner to plant trees and build a sustainable future News Team Wednesday, April 17, 2024 1:00 am http://managersofwealth.com/article/111172/the-cisi-and-evertreen-partner-to-plant-trees-and-build-a-sustainable-future Through this partnership a tangible impact is being made. Planet SOS Mental health ranks as highest employee concern for asset managers News Aggregation Team Friday, January 26, 2024 12:00 am http://managersofwealth.com/article/109659/mental-health-ranks-as-highest-employee-concern-for-asset-managers Work-life balance a key priority Health & Wellness Best wishes for your health and happiness in 2024 and beyond News Team Wednesday, December 27, 2023 12:00 am http://managersofwealth.com/article/109122/best-wishes-for-your-health-and-happiness-in-2024-and-beyond The Sustainability Revolution is well underway and is reshaping risk and return dynamics across sectors. Clean energy has now fully eclipsed fossil fuels. Health & Wellness What you can do to boost your employees’ financial health News Team Thursday, July 06, 2023 1:00 am http://managersofwealth.com/article/105833/what-you-can-do-to-boost-your-employeesamprsquo-financial-health 2022 started off strong for employees: the job market was hot, and employees were wooed with perks and bonuses. Health & Wellness Wealth and health managers will become intertwined in future, professor says News Aggregation Team Wednesday, June 07, 2023 1:00 am http://managersofwealth.com/article/105282/wealth-and-health-managers-will-become-intertwined-in-future-professor-says He observed there is an increasing recognition that both health and wealth are the keys to happiness. Health & Wellness Brooks Macdonald International supports Health and Wealth Wellbeing event News Aggregation Team Friday, March 31, 2023 1:00 am http://managersofwealth.com/article/104017/brooks-macdonald-international-supports-health-and-wealth-wellbeing-event Hosted at the offices of law firm Walkers, the event gave its women-focused audience an opportunity to talk openly about managing wealth and achieving a positive lifestyle. Health & Wellness The Art of Wellness: 8 Spa-Worthy Homes for Health & Fitness News Team Monday, January 23, 2023 12:00 am http://managersofwealth.com/article/102618/the-art-of-wellness-8-spa-worthy-homes-for-health-ampamp-fitness Luxury Defined kick-starts the New Year with a collection of luxury homes with amenities devoted to restoring mind, body, and soul Health & Wellness Top Robeco global fund sticks with ‘quality’ healthcare stocks as salve to macro unknowns News Aggregation Team Monday, November 14, 2022 12:00 am http://managersofwealth.com/article/101306/top-robeco-global-fund-sticks-with-amplsquoqualityamprsquo-healthcare-stocks-as-salve-to-macro-unknowns Robeco manager Michiel Plakman is using quality stocks as a defence against turbulent markets driven by macro factors, with a heavy weighting towards healthcare. Health & Wellness Customers consider insurers as preferred providers for physical and financial wellness advice News Team Tuesday, September 20, 2022 1:00 am http://managersofwealth.com/article/100173/customers-consider-insurers-as-preferred-providers-for-physical-and-financial-wellness-advice Over two thirds of customers are interested in physical and financial wellness,yet only 8% of insurers have established the necessary capabilities Health & Wellness The relationship between health and wealth is complicated, and the debate tends to get political quickly News Aggregation Team Thursday, June 30, 2022 1:00 am http://managersofwealth.com/article/98543/the-relationship-between-health-and-wealth-is-complicated-and-the-debate-tends-to-get-political-quickly Dr Mel Wood, a junior doctor currently working in child and adolescent psychiatry, looks at poverty’s effects on health as huge economic pressure bears down on the nation Health & Wellness Health and wellbeing: an opportunity for investors News Team Tuesday, May 24, 2022 1:00 am http://managersofwealth.com/article/97812/health-and-wellbeing-an-opportunity-for-investors For investors, health and wellbeing megatrends offer exciting long-term prospects, especially if they are interested in sustainable investments. Health & Wellness