Managers of Wealth http://managersofwealth.com/ Sat, 21 Apr 2018 06:50:51 BST part of MediaG8way Group http://managersofwealth.com/ http://managersofwealth.com/assets/images/logo.png Managers of Wealth KohanaPHP UBS WM splits European business into two units News Aggregation Team Friday, April 20, 2018 1:00 am http://managersofwealth.com/article/58831/ubs-wm-splits-european-business-into-two-units She added that the regulations are tighter in southern Europe, which justified the new set-up. Wealth and Asset Management Worthless Treasure in UBS Safe Deposit Box News Aggregation Team Friday, April 20, 2018 1:00 am http://managersofwealth.com/article/58814/worthless-treasure-in-ubs-safe-deposit-box The move is reminiscent of India's sudden move two years ago to outlaw two bank notes, in a bid to was taken to crack down on tax evasion. Wealth and Asset Management Results of Butterfield AGM Vote News Team Friday, April 20, 2018 1:00 am http://managersofwealth.com/article/58815/results-of-butterfield-agm-vote Each of the proposals numbered 1 through 6 on the Meeting Agenda was approved by the requisite vote, including the election as directors of all persons nominated. Wealth and Asset Management Forbes names Morton Wealth Management to best-in-state advisor list News Aggregation Team Friday, April 20, 2018 1:00 am http://managersofwealth.com/article/58817/forbes-names-morton-wealth-management-to-best-in-state-advisor-list North Carolina firm ranks among best financial managers in the state and across the U.S. Wealth and Asset Management Credit Suisse and UBS exploring back-office tie-up News Aggregation Team Friday, April 20, 2018 1:00 am http://managersofwealth.com/article/58821/credit-suisse-and-ubs-exploring-back-office-tie-up His Credit Suisse counterpart, Mr Tidjane Thiam, said in 2016 that his firm was in talks with another lender he did not identify about sharing databases and servers. Wealth and Asset Management Atria Wealth Acquires $23 Billion IBD News Team Friday, April 20, 2018 1:00 am http://managersofwealth.com/article/58823/atria-wealth-acquires-23-billion-ibd Atria’s acquisition of Cadaret, Grant will build upon the firm’s three decades of industry leadership, expertise and service to deliver one of the most competitive and powerful offerings in the independent wealth management industry. Wealth and Asset Management Private Bank Expands in Singapore News Aggregation Team Friday, April 20, 2018 1:00 am http://managersofwealth.com/article/58826/private-bank-expands-in-singapore The move also comes as VP enlists the help of former Julius Baer Asia banker Tom Meier to help bolster its business in Asia. Wealth and Asset Management Credit Suisse Expands Asian Imprint News Aggregation Team Thursday, April 19, 2018 1:00 am http://managersofwealth.com/article/58794/credit-suisse-expands-asian-imprint The move comes as Switzerland's second-largest bank obtained regulatory approval from Philippine financial regulators. Wealth and Asset Management GAM reports increase in AUM News Team Thursday, April 19, 2018 1:00 am http://managersofwealth.com/article/58801/gam-reports-increase-in-aum The Group's focus remains on delivering on its strategic priorities and achieving its targets over the business cycle. Wealth and Asset Management Profile: how this boutique beat the big guns of wealth News Aggregation Team Thursday, April 19, 2018 1:00 am http://managersofwealth.com/article/58810/profile-how-this-boutique-beat-the-big-guns-of-wealth The government has given it £1 million to boost trade after some local businesses reported their income has dived by 90% s Wealth and Asset Management GAM hires Kleinwort Hambros director for wealth team News Aggregation Team Friday, April 20, 2018 1:00 am http://managersofwealth.com/article/58824/gam-hires-kleinwort-hambros-director-for-wealth-team We look forward to Joss’ contributions to the growth of our business and to helping our clients reach their investment aspirations. Executive Moves Veteran Rathbones wealth trio follow ex-director to Close News Aggregation Team Friday, April 20, 2018 1:00 am http://managersofwealth.com/article/58825/veteran-rathbones-wealth-trio-follow-ex-director-to-close Between them, the trio had spent more than 50 years at the firm. Executive Moves Craig Barley Joins Butterfield Bahamas News Aggregation Team Friday, April 20, 2018 1:00 am http://managersofwealth.com/article/58829/craig-barley-joins-butterfield-bahamas An attorney, Mr. Barley began his career in Brazil at the law offices of Messrs. Arnoldo Wald, and subsequently held positions with Banco Omega and UBS. Executive Moves Mark Woodward to join St. James’s Place Wealth Management Asia News Aggregation Team Thursday, April 19, 2018 1:00 am http://managersofwealth.com/article/58796/mark-woodward-to-join-st-jamesamprsquos-place-wealth-management-asia In joining the St. James’s Place Partnership, Woodward will focus on providing wealth management services to affluent and high net worth expatriates in China. Executive Moves Cadillac Chief Leaves GM, Citing `Philosophical Differences' News Aggregation Team Thursday, April 19, 2018 1:00 am http://managersofwealth.com/article/58797/cadillac-chief-leaves-gm-citing-philosophical-differencesamp039 During de Nysschen’s nearly four-year tenure, Cadillac’s recovery efforts have been a mixed bag. Executive Moves GFSC appoints new Senior Decision Makers News Team Thursday, April 19, 2018 1:00 am http://managersofwealth.com/article/58802/gfsc-appoints-new-senior-decision-makers As part of the process, Senior Decision Makers are also required to determine the penalties that are to be imposed Executive Moves OZ Management Appoints Thomas M. Sipp Chief Financial Officer News Team Wednesday, April 18, 2018 1:00 am http://managersofwealth.com/article/58767/oz-management-appoints-thomas-m-sipp-chief-financial-officer Mr. Sipp received a B.A. in Finance from Alfred University and an M.B.A from the University of Pittsburgh. Executive Moves Insider vs Outsider: Battle for private banks' new CEOs News Aggregation Team Wednesday, April 18, 2018 1:00 am http://managersofwealth.com/article/58771/insider-vs-outsider-battle-for-private-banksamp039-new-ceos Selection of a CEO doesn’t happen through a formula or a lucky draw. Executive Moves Citi Private Bank appoints head of Citi investment management sales, APAC News Aggregation Team Wednesday, April 18, 2018 1:00 am http://managersofwealth.com/article/58774/citi-private-bank-appoints-head-of-citi-investment-management-sales-apac Julie Koo to lead sales of the Private Bank’s discretionary investment management capabilities in the region Executive Moves Waverton appoints ex-Coutts Director News Team Wednesday, April 18, 2018 1:00 am http://managersofwealth.com/article/58779/waverton-appoints-ex-coutts-director She has over 25 years’ experience in the financial services industry with a particular expertise in managing the assets of UHNW and complex clients. Executive Moves Fired UBS Employee Looks to Mount Class Action for Age Discrimination News Aggregation Team Friday, April 20, 2018 1:00 am http://managersofwealth.com/article/58830/fired-ubs-employee-looks-to-mount-class-action-for-age-discrimination Friedman is no newcomer when it comes to suing wirehouses and has won more than $300 million in class action settlements from them for former employees. Legal,Regulation,Tax & Compliance OECD addresses the misuse of residence/citizenship by investment schemes News Aggregation Team Friday, April 20, 2018 1:00 am http://managersofwealth.com/article/58822/oecd-addresses-the-misuse-of-residencecitizenship-by-investment-schemes The substantial amount of input received in response to the consultation further underlines the importance of the OECD's actions in this field. Legal,Regulation,Tax & Compliance Barclays CEO Jes Staley faces fine over whistleblower incident News Aggregation Team Friday, April 20, 2018 1:00 am http://managersofwealth.com/article/58827/barclays-ceo-jes-staley-faces-fine-over-whistleblower-incident City watchdogs say he broke rules of conduct in his attempts to identify 2016 whistleblower Legal,Regulation,Tax & Compliance Porsche executives have offices raided as part of fraud investigation News Aggregation Team Thursday, April 19, 2018 1:00 am http://managersofwealth.com/article/58798/porsche-executives-have-offices-raided-as-part-of-fraud-investigation Both luxury brands are owned by parent company Volkswagen. Legal,Regulation,Tax & Compliance Cayman Islands Investment Funds AML Update: Natural persons must be appointed as AML officers News Team Thursday, April 19, 2018 1:00 am http://managersofwealth.com/article/58800/cayman-islands-investment-funds-aml-update-natural-persons-must-be-appointed-as-aml-officers This represents a substantial change in practice and comes after discussions between CIMA and the Cayman Islands funds industry to clarify some parts of the updated AML guidance notes1 published by CIMA in December 2017. Legal,Regulation,Tax & Compliance UBS Broaches Swiss Tax Taboo News Aggregation Team Thursday, April 19, 2018 1:00 am http://managersofwealth.com/article/58805/ubs-broaches-swiss-tax-taboo At present the AEoI standards haven’t affected Swiss domestic bank secrecy – Swiss clients banking in Switzerland. Legal,Regulation,Tax & Compliance Guernsey Financial Services Commission signs MoU with Bank of England News Team Wednesday, April 18, 2018 1:00 am http://managersofwealth.com/article/58778/guernsey-financial-services-commission-signs-mou-with-bank-of-england The PRA is a part of the Bank of England and responsible for the prudential regulation and supervision of banks, insurers and major investment firms, regulating some 1,700 financial firms. Legal,Regulation,Tax & Compliance Top firms line up to be recognised for breaking new ground at Legal Week Innovation Awards News Aggregation Team Wednesday, April 18, 2018 1:00 am http://managersofwealth.com/article/58785/top-firms-line-up-to-be-recognised-for-breaking-new-ground-at-legal-week-innovation-awards The quartet are joined by Macfarlanes, Shoosmiths, Simmons & Simmons and Ward Hadaway, in a category designed to showcase the firms seeking new ways to provide legal services. Legal,Regulation,Tax & Compliance Australia says banking executives responsible for misconduct could face jail News Aggregation Team Wednesday, April 18, 2018 1:00 am http://managersofwealth.com/article/58786/australia-says-banking-executives-responsible-for-misconduct-could-face-jail In further testimony to the so-called Royal Commission on Wednesday, AMP executives admitted that it had charged users of online platforms for advice fees despite not receiving the permission required by law. Legal,Regulation,Tax & Compliance Falcon Private Bank ordered to pay CHF 1.8 million to Finma News Aggregation Team Tuesday, April 17, 2018 1:00 am http://managersofwealth.com/article/58749/falcon-private-bank-ordered-to-pay-chf-18-million-to-finma While the court acknowledged Falcon’s severe due diligence violations, the ruling can still be appealed at the Federal Court. Legal,Regulation,Tax & Compliance Wealth management products make big leaps in digital sales readiness News Aggregation Team Thursday, April 19, 2018 1:00 am http://managersofwealth.com/article/58807/wealth-management-products-make-big-leaps-in-digital-sales-readiness Avoka commissioned a research team to trawl through each banking product listed on the websites of the 50 banks. FinTech Why India’s cryptocurrency exchanges may move to Singapore, Switzerland, or Malta News Aggregation Team Tuesday, April 17, 2018 1:00 am http://managersofwealth.com/article/58748/why-indiaamprsquos-cryptocurrency-exchanges-may-move-to-singapore-switzerland-or-malta These “cryptocurrency-friendly” locations include Singapore, Switzerland, Estonia, Malta, Japan, Dubai, and the Cayman Islands. FinTech Openbank extends Temenos partnership with WealthSuite News Team Tuesday, April 17, 2018 1:00 am http://managersofwealth.com/article/58751/openbank-extends-temenos-partnership-with-wealthsuite Temenos’ WealthSuite allows for a significantly enhanced client engagement through advisors or self-service digital execution. FinTech North Korean Hackers Should Keep Wealth Management Firms Up at Night News Aggregation Team Monday, April 16, 2018 1:00 am http://managersofwealth.com/article/58741/north-korean-hackers-should-keep-wealth-management-firms-up-at-night Morgan Stanley’s head of Cybersecurity for Wealth Management Technology reminded the NAPA 401(k) Summit crowd that state-sponsored crooks are stealing millions. FinTech SS&C completes acquisition of DST News Team Monday, April 16, 2018 1:00 am http://managersofwealth.com/article/58760/ssampampc-completes-acquisition-of-dst We are pleased to move forward as one company following the combination of two highly complementary market leaders,” said Bill Stone, Chairman and Chief Executive Officer of SS&C. FinTech LGT Bolsters Digital Services News Aggregation Team Friday, April 13, 2018 1:00 am http://managersofwealth.com/article/58689/lgt-bolsters-digital-services This is a strong investment in our customer service capabilities and the processes will enable it to scale our advisory services FinTech Cryptocurrency payments grow TapJets customer base News Aggregation Team Friday, April 13, 2018 1:00 am http://managersofwealth.com/article/58699/cryptocurrency-payments-grow-tapjets-customer-base Clients have the option of booking door-to-door service or private jet charters between two airport locations. FinTech Cloud-based flexible deployment of technology: a game changer for asset managers? News Aggregation Team Tuesday, April 10, 2018 1:00 am http://managersofwealth.com/article/58636/cloud-based-flexible-deployment-of-technology-a-game-changer-for-asset-managers Advances in cloud delivery access and security are giving asset managers, regardless of size, the opportunity to leverage the latest mission-critical technology tools and analytics from third-party specialists. FinTech Bankorus Expands Its Wealth Management Blockchain Offering News Aggregation Team Friday, April 06, 2018 1:00 am http://managersofwealth.com/article/58521/bankorus-expands-its-wealth-management-blockchain-offering Bankorus is led by CEO Greg Van den Bergh, the creator of the first robo-advisor in China FinTech HSBC spends US$2.3b on digital platforms, AI and new technology to reach tech savvy customers News Aggregation Team Friday, April 06, 2018 1:00 am http://managersofwealth.com/article/58530/hsbc-spends-us23b-on-digital-platforms-ai-and-new-technology-to-reach-tech-savvy-customers Bank has also teamed up with WeChat to communicate with clients on messaging app FinTech CSOP Family Office: building a benchmark News Aggregation Team Monday, April 16, 2018 1:00 am http://managersofwealth.com/article/58713/csop-family-office-building-a-benchmark Talking deeper about what makes CSOP Family Office unique and different, Xiao says that they are firmly on the client’s side. Family Office The Family Office World Grapples With Confronting Big Corporations News Aggregation Team Friday, April 13, 2018 1:00 am http://managersofwealth.com/article/58684/the-family-office-world-grapples-with-confronting-big-corporations In March, Rockefeller & Co. transformed into Rockefeller Capital Management following a transaction led by former Morgan Stanley wealth management chief Greg Fleming, with financing from hedge fund Viking Global Investors. Family Office Sorbus Partners – the multi-family office taking off in the Midlands News Aggregation Team Monday, April 09, 2018 1:00 am http://managersofwealth.com/article/58595/sorbus-partners-ampndash-the-multi-family-office-taking-off-in-the-midlands The advantage of being placed in London are minimal but the costs – especially in terms of staff time consumed in commuting – are significant. Family Office Upswing Singapore fuels Bank of Singapore family office push News Aggregation Team Sunday, April 08, 2018 1:00 am http://managersofwealth.com/article/58573/upswing-singapore-fuels-bank-of-singapore-family-office-push Last year the Ministry of Finance announced the drafting of the Singapore Variable Capital Company Family Office Avoiding the "Michael Fish Moment" Behavioural Finance and the Family Office News Aggregation Team Friday, April 06, 2018 1:00 am http://managersofwealth.com/article/58533/avoiding-the-ampquotmichael-fish-momentampquot-behavioural-finance-and-the-family-office That weather event became known as the Great Storm of 1987—the most destructive since 1703—which left 18 people dead and caused damage that when converted into a 2017 equivalent totalled £5 billion ($6.6 billion). Family Office Why Family Offices May Invest In Late Stage Venture Capital News Team Thursday, April 05, 2018 1:00 am http://managersofwealth.com/article/58509/why-family-offices-may-invest-in-late-stage-venture-capital Many Unicorns are leaders of their respective market category, with proven business models, global brands, large and growing revenue and profitability. Family Office Bank of Singapore Seeks to Expand Its Family Office Business News Aggregation Team Wednesday, April 04, 2018 1:00 am http://managersofwealth.com/article/58467/bank-of-singapore-seeks-to-expand-its-family-office-business To help expand its wealth and family office business in Europe, Bank of Singapore hired Anthony Adriano Simcic this month from HSBC Private Bank in Luxembourg. Family Office How are family offices dealing with compliance? News Team Wednesday, April 04, 2018 1:00 am http://managersofwealth.com/article/58470/how-are-family-offices-dealing-with-compliance For Single Family Offices financial regulators do not perceive their activities as a threat to consumers or financial stability. Family Office Shared values shrewd investments worlds top 25 independent multi family offices News Aggregation Team Monday, April 02, 2018 1:00 am http://managersofwealth.com/article/58437/shared-values-shrewd-investments-worlds-top-25-independent-multi-family-offices Nine years on, the mood is a little more ebullient. Family Office Considerations for Successful Family Wealth Transfers News Aggregation Team Tuesday, March 27, 2018 1:00 am http://managersofwealth.com/article/58334/considerations-for-successful-family-wealth-transfers Preserving generational wealth depends on managing critical internal family dynamics. Family Office The world's best restaurants, according to millionaires News Aggregation Team Thursday, April 19, 2018 1:00 am http://managersofwealth.com/article/58804/the-worldamp039s-best-restaurants-according-to-millionaires The number one spot was awarded to Grant Achatz’s Alinea in Chicago. Luxury Imkan appoints UK designer Thomas Heatherwick for luxury Abu Dhabi hotel News Aggregation Team Wednesday, April 18, 2018 1:00 am http://managersofwealth.com/article/58773/imkan-appoints-uk-designer-thomas-heatherwick-for-luxury-abu-dhabi-hotel Imkan is in talks with five prospective global hotel operators to manage the new hotel Luxury World’s first diamond-backed crypto assets launched in Dubai News Aggregation Team Tuesday, April 17, 2018 1:00 am http://managersofwealth.com/article/58735/worldamprsquos-first-diamond-backed-crypto-assets-launched-in-dubai This is also the first time that crypto assets will be available for purchase over the counter Luxury South Africa's millionaires choose these luxury sports cars News Aggregation Team Monday, April 16, 2018 1:00 am http://managersofwealth.com/article/58720/south-africaamp039s-millionaires-choose-these-luxury-sports-cars Although sports cars are popular with South Africa's wealthiest, luxury car sales decreased in 2017 compared to 2016. Luxury How Bitcoin Went Luxury News Aggregation Team Monday, April 16, 2018 1:00 am http://managersofwealth.com/article/58747/how-bitcoin-went-luxury The luxury market is the natural place to do it. Luxury Yachts and superyachts descend on Singapore News Aggregation Team Friday, April 13, 2018 1:00 am http://managersofwealth.com/article/58690/yachts-and-superyachts-descend-on-singapore The average buyer for such a yacht are "extremely private, very wealthy," according to Paul Moran, CEO of Eastwind Yachts, which is the broker for the sale. Luxury One of the world’s oldest auctioneers is bidding for India’s art market News Aggregation Team Tuesday, April 10, 2018 1:00 am http://managersofwealth.com/article/58621/one-of-the-worldamprsquos-oldest-auctioneers-is-bidding-for-indiaamprsquos-art-market The live auction, which will include items specially curated for Indian collectors, is a step forward for the country’s art market. Luxury Bugatti boss reveals what kind of people buy its $3 million hypercars News Aggregation Team Monday, April 09, 2018 1:00 am http://managersofwealth.com/article/58575/bugatti-boss-reveals-what-kind-of-people-buy-its-3-million-hypercars Stephan Winkelmann took over as president of Bugatti in January. Luxury Sail the Galapagos on Grace Kelly’s Historic Honeymoon Yacht News Aggregation Team Monday, April 09, 2018 1:00 am http://managersofwealth.com/article/58576/sail-the-galapagos-on-grace-kellyamprsquos-historic-honeymoon-yacht On the M/Y Grace, you can follow in the footsteps of Monaco’s iconic princess—and Charles Darwin. Luxury Tesla's Model 3 is loaded with impressive features — but one stands out above the rest News Aggregation Team Monday, April 09, 2018 1:00 am http://managersofwealth.com/article/58579/teslaamp039s-model-3-is-loaded-with-impressive-features-ampmdash-but-one-stands-out-above-the-rest We recently spent a few hours sampling the new Tesla Model 3. Luxury Asia's second-hand jet market soars as super-rich eye bargains News Aggregation Team Friday, April 20, 2018 1:00 am http://managersofwealth.com/article/58819/asiaamp039s-second-hand-jet-market-soars-as-super-rich-eye-bargains Brokers said customers included Chinese companies, which were buying such jets to support overseas expansion Extremely Wealthy Matthew Mellon: billionaire banking heir dies aged 54 News Aggregation Team Wednesday, April 18, 2018 1:00 am http://managersofwealth.com/article/58762/matthew-mellon-billionaire-banking-heir-dies-aged-54 Mellon reportedly was attending a rehabilitation center in Mexico Extremely Wealthy Wall Street’s $6 Trillion Man Fink Is Finally Worth $1 Billion News Aggregation Team Monday, April 16, 2018 1:00 am http://managersofwealth.com/article/58729/wall-streetamprsquos-6-trillion-man-fink-is-finally-worth-1-billion The broad outlines of their twin careers are by now well-known. Extremely Wealthy How this Rockefeller heir found out he was rich News Aggregation Team Monday, April 16, 2018 1:00 am http://managersofwealth.com/article/58733/how-this-rockefeller-heir-found-out-he-was-rich David Rockefeller Jr., who's now in his 70s, grew up in a world of undeniable privilege. Extremely Wealthy Thai Billionaire Somphote Ahunai Has Lost About Half Of His Fortune In Stock Market Plunge News Aggregation Team Sunday, April 15, 2018 1:00 am http://managersofwealth.com/article/58707/thai-billionaire-somphote-ahunai-has-lost-about-half-of-his-fortune-in-stock-market-plunge He might not be a billionaire for much longer Extremely Wealthy Mark Zuckerberg's net worth shot up by nearly $3bn as he gave evidence to Congress News Aggregation Team Thursday, April 12, 2018 1:00 am http://managersofwealth.com/article/58648/mark-zuckerbergamp039s-net-worth-shot-up-by-nearly-3bn-as-he-gave-evidence-to-congress Shares tumbled back in March when the data hacking scandal first broke, and it was revealed that 87 million people may have had their information used by Cambridge Analytica. Extremely Wealthy What The Rich And Super-Rich Consider When Deciding On Citizenships And Residencies News Aggregation Team Thursday, April 12, 2018 1:00 am http://managersofwealth.com/article/58673/what-the-rich-and-super-rich-consider-when-deciding-on-citizenships-and-residencies According to Jafri, a number of factors regularly come into play when considering modifications in citizenship and deciding where to reside. Extremely Wealthy VistaJet and Wealth-X Release Report on HNW Jet Users News Aggregation Team Tuesday, April 10, 2018 1:00 am http://managersofwealth.com/article/58635/vistajet-and-wealth-x-release-report-on-hnw-jet-users Among other trends Wealth-X identified were a move to longer range and larger cabins and a focus on technology, both in the cabin and for booking and managing travel arrangements. Extremely Wealthy Record wealth lifts HNW prospects for advisors News Aggregation Team Tuesday, April 10, 2018 1:00 am http://managersofwealth.com/article/58637/record-wealth-lifts-hnw-prospects-for-advisors Spectrem reported sizeable increases in each group, and millionaire investors grew at the fastest rate since the year after the financial crisis in 2009. Extremely Wealthy LVMH’s CEO Bernard Arnault Is Officially the Richest Person in Fashion News Aggregation Team Sunday, April 08, 2018 1:00 am http://managersofwealth.com/article/58567/lvmhamprsquos-ceo-bernard-arnault-is-officially-the-richest-person-in-fashion In his role as chairman and CEO of the LVMH, Arnault oversees 70 luxury brands including Louis Vuitton, Givenchy, Céline, and Dior. Extremely Wealthy How the rich can help drive change by investing News Aggregation Team Friday, April 20, 2018 1:00 am http://managersofwealth.com/article/58820/how-the-rich-can-help-drive-change-by-investing Top fund managers in Africa who are leading the way on impact investing could do a better job, write Stephanie Giamporcaro and Xolisa Dhlamini Comment & Analysis How private banks are utilising blockchain News Aggregation Team Friday, April 20, 2018 1:00 am http://managersofwealth.com/article/58828/how-private-banks-are-utilising-blockchain Blockchain technology could be the biggest disruption in computing and finance since the internet Comment & Analysis Amazon's Bezos Says Company Topped 100 Million Prime Members News Aggregation Team Thursday, April 19, 2018 1:00 am http://managersofwealth.com/article/58799/amazonamp039s-bezos-says-company-topped-100-million-prime-members Loyalty program is gaining traction overseas, signaling growth Comment & Analysis CBA Reveals Another Planned Disposal News Aggregation Team Wednesday, April 18, 2018 1:00 am http://managersofwealth.com/article/58769/cba-reveals-another-planned-disposal The move by the Sydney-based bank is the first major decision taken under the stewardship of new CEO Matt Comyn, who took over following a money laundering scandal earlier this month. Comment & Analysis Gold headed for a high analyst predicts News Aggregation Team Wednesday, April 18, 2018 1:00 am http://managersofwealth.com/article/58782/gold-headed-for-a-high-analyst-predicts Ned Naylor-Leyland, fund manager at Old Mutual Global Investors, said that when gold prices rise, it is usually in the low double digits in percentage terms, citing 12 percent return as an example. Comment & Analysis Asia-Pacific beckons families next gens take over News Aggregation Team Wednesday, April 18, 2018 1:00 am http://managersofwealth.com/article/58790/asia-pacific-beckons-families-next-gens-take-over The average age of the top 20 tycoons in China was 86 and they were renowned for never selling their empires. Comment & Analysis Highlighting client objectives and managing them consistently is key News Aggregation Team Wednesday, April 18, 2018 1:00 am http://managersofwealth.com/article/58787/highlighting-client-objectives-and-managing-them-consistently-is-key Azeez says that most people fail to clearly state their financial objectives, which is almost always the first reason why they need a professional advisor. Comment & Analysis Murano's Allocator Insights - Nick Wood, Quilter Cheviot News Aggregation Team Tuesday, April 17, 2018 1:00 am http://managersofwealth.com/article/58759/muranoamp039s-allocator-insights-nick-wood-quilter-cheviot We are a very experienced team with an average experience of over 14 years in the industry. Comment & Analysis What to do when it’s raining money News Aggregation Team Tuesday, April 17, 2018 1:00 am http://managersofwealth.com/article/58763/what-to-do-when-itamprsquos-raining-money Not everyone comes into money quite so quickly or publicly, of course. Comment & Analysis Guernsey Deal Value Increases In 2017 News Team Monday, April 16, 2018 1:00 am http://managersofwealth.com/article/58719/guernsey-deal-value-increases-in-2017 The latest edition of Offshore-i, an Appleby report that provides data and insight on merger and acquisition activity in the major offshore financial centres, focuses on transactions announced over the course of 2017. Comment & Analysis Hedge fund manager Cohen heads east to 'swing big' with Point72 Ventures News Aggregation Team Thursday, April 19, 2018 1:00 am http://managersofwealth.com/article/58792/hedge-fund-manager-cohen-heads-east-to-amp039swing-bigamp039-with-point72-ventures Asia presents a chance to "swing big" because it's unburdened by technological infrastructure, particularly in financial services Alternative Investments The Brexit Countdown - Mark Ward, Head of Trading at Sanlam UK News Team Thursday, April 19, 2018 1:00 am http://managersofwealth.com/article/58803/the-brexit-countdown-mark-ward-head-of-trading-at-sanlam-uk This has provided the UK with a welcome tourism boost, albeit at the expense of the British holidaymaker looking to travel overseas, and the eventual Brexit bill payable to Brussels in Euros. Alternative Investments Vistra Named ‘Fund Administrator of the Year’ News Team Wednesday, April 18, 2018 1:00 am http://managersofwealth.com/article/58777/vistra-named-amplsquofund-administrator-of-the-yearamprsquo The award recognises the overall achievement of fund administrators in the calendar year of 2017 Alternative Investments OMGI scraps Asia team as global managers take on funds News Aggregation Team Wednesday, April 18, 2018 1:00 am http://managersofwealth.com/article/58770/omgi-scraps-asia-team-as-global-managers-take-on-funds OMGI said the investment approach of the funds will be amended to reflect the ‘systematic investment process’ employed by the global desk. Alternative Investments BlackRock, Inc. to Acquire Private Credit Manager Tennenbaum Capital Partners News Team Wednesday, April 18, 2018 1:00 am http://managersofwealth.com/article/58789/blackrock-inc-to-acquire-private-credit-manager-tennenbaum-capital-partners Strengthens BlackRock's credit platform to provide more diverse range of solutions for clients Alternative Investments Meet the highest-earning hedge fund managers tracked by Forbes News Aggregation Team Wednesday, April 18, 2018 1:00 am http://managersofwealth.com/article/58793/meet-the-highest-earning-hedge-fund-managers-tracked-by-forbes The top 25 hedge fund managers and traders in the world earned a combined $16.8 billion last year, marking the largest windfall since 2013. Alternative Investments Morningstar launches investment outsourcing unit for advisers News Aggregation Team Tuesday, April 17, 2018 1:00 am http://managersofwealth.com/article/58752/morningstar-launches-investment-outsourcing-unit-for-advisers Offers fund selection and asset allocation Alternative Investments Consolidator unveils new buy-out offer for retiring advisers News Aggregation Team Tuesday, April 17, 2018 1:00 am http://managersofwealth.com/article/58761/consolidator-unveils-new-buy-out-offer-for-retiring-advisers The programme already has eight deals confirmed, securing £1.5m in fee revenue and adding £130m assets under management to Fairstone’s financial planning business. Alternative Investments BlackRock CEO Larry Fink surpasses $1 billion in personal fortune News Aggregation Team Monday, April 16, 2018 1:00 am http://managersofwealth.com/article/58740/blackrock-ceo-larry-fink-surpasses-1-billion-in-personal-fortune Larry Fink, the chairman and CEO of investment company BlackRock, surpasses the $1 billion-mark in personal wealth, according to the Bloomberg Billionaires Index. Alternative Investments Investors 'to profit from Sky battle' says hedge fund manager Crispin Odey News Aggregation Team Sunday, April 15, 2018 1:00 am http://managersofwealth.com/article/58712/investors-amp039to-profit-from-sky-battleamp039-says-hedge-fund-manager-crispin-odey Odey, the boss of hedge fund Odey Asset Management, said the development is ‘very good news for shareholders’ because it has brought to light how many firms could be interested in Sky. Alternative Investments These are the classic cars South Africa’s millionaires want in their garages News Aggregation Team Sunday, April 08, 2018 1:00 am http://managersofwealth.com/article/58563/these-are-the-classic-cars-south-africaamprsquos-millionaires-want-in-their-garages Classic cars were the best-performing asset classes over the past decade, a new report by New World Wealth shows – and South Africa’s super wealthy are getting in on the gains. New World Wealth has published its 2018 South African Wealth Repo Extremely Expensive Inside the £56m holiday home for the super-rich - with panic buttons and a T-Rex head News Aggregation Team Sunday, April 08, 2018 1:00 am http://managersofwealth.com/article/58569/inside-the-amppound56m-holiday-home-for-the-super-rich-with-panic-buttons-and-a-t-rex-head Alang Alang, the most expensive house currently – and openly – for sale on the Cote d’Azur is none of these things. Extremely Expensive Bitcoin millionaires buy Lamborghinis as a status symbol of crypto wealth News Aggregation Team Friday, April 06, 2018 1:00 am http://managersofwealth.com/article/58522/bitcoin-millionaires-buy-lamborghinis-as-a-status-symbol-of-crypto-wealth People have bought the Italian supercar for as little as US$135 because they invested in cryptocurrencies, such as bitcoin and ether, before values soared Extremely Expensive This is how many millionaires live in South Africa right now News Team Thursday, April 05, 2018 1:00 am http://managersofwealth.com/article/58507/this-is-how-many-millionaires-live-in-south-africa-right-now HWNI growth in 2017 was in-line with overall wealth growth in South Africa, where total private wealth increased from $670 billion at the end of 2016 to $722 billion at the end of 2017. Extremely Expensive Constable Painting Returned to Heir in Notable Swiss Restitution Case News Aggregation Team Thursday, April 05, 2018 1:00 am http://managersofwealth.com/article/58519/constable-painting-returned-to-heir-in-notable-swiss-restitution-case A recent case bucks the trend and shows the success of one man's quiet, but steely determination to recover his family's art collection Extremely Expensive See the Delightful Hidden Details in Baselworld 2018’s Dazzling Jewelry Watches News Aggregation Team Tuesday, April 03, 2018 1:00 am http://managersofwealth.com/article/58453/see-the-delightful-hidden-details-in-baselworld-2018amprsquos-dazzling-jewelry-watches The bejeweled watches were among the most riveting pieces at the annual event for haute horology. Extremely Expensive Montblanc’s High Artistry Heritage Spider Metamorphosis pen is set with diamonds News Team Tuesday, April 03, 2018 1:00 am http://managersofwealth.com/article/58457/montblancamprsquos-high-artistry-heritage-spider-metamorphosis-pen-is-set-with-diamonds The pen set includes a bangle and a clip. The detachable spider on the pen is paved with diamonds and can be worn on the bangle or as a tie pin or brooch Extremely Expensive Sizing up the Future of the $63.7 Billion Art Market News Aggregation Team Monday, April 02, 2018 1:00 am http://managersofwealth.com/article/58439/sizing-up-the-future-of-the-637-billion-art-market Much of the revenue has been generated by sales of postwar and contemporary art, which currently make up nearly half of the fine-art market. Extremely Expensive What Sold at Art Basel in Hong Kong News Aggregation Team Sunday, April 01, 2018 1:00 am http://managersofwealth.com/article/58424/what-sold-at-art-basel-in-hong-kong It could be another Europe in terms of buying capacity,” said Clare McAndrew, an arts economist and author of UBS and Art Basel’s annual study of the art market. Extremely Expensive Aston Martin wants to have proprietary electric powertrain News Aggregation Team Sunday, April 01, 2018 1:00 am http://managersofwealth.com/article/58428/aston-martin-wants-to-have-proprietary-electric-powertrain Aston Martin gets ready to embark on the electric mobility journey after achieving a turnaround in its financial health Extremely Expensive 75% of the ultra-rich forecast a US recession in the next two years, survey finds News Aggregation Team Thursday, April 19, 2018 1:00 am http://managersofwealth.com/article/58806/75-of-the-ultra-rich-forecast-a-us-recession-in-the-next-two-years-survey-finds Ultra-high net worth individuals (HNWI) are generally classified as anyone with more than $30 million in liquid financial assets, and high-net worth is defined as having more than $1 million. Research Women Have Fundamentally Different Journeys to Financial Wellness, Merrill Lynch Study Reveals News Team Thursday, April 19, 2018 1:00 am http://managersofwealth.com/article/58809/women-have-fundamentally-different-journeys-to-financial-wellness-merrill-lynch-study-reveals Study Finds Women Confident in All but Investing Research The century club - UBS Research News Team Thursday, April 19, 2018 1:00 am http://managersofwealth.com/article/58811/the-century-club-ubs-research “As much as investors look forward to living 100 years, the prospect is creating anxiety for them, too,” said Paula Polito Research For a Huge Chunk of Millennials, Net Worth Has Tanked in the Last 3 Years News Aggregation Team Thursday, April 19, 2018 1:00 am http://managersofwealth.com/article/58812/for-a-huge-chunk-of-millennials-net-worth-has-tanked-in-the-last-3-years The decline in net worth is particularly acute for young adults who have a college degree and debt. Research Quilter Cheviot asks how investors can help reduce plastic pollution News Team Tuesday, April 17, 2018 1:00 am http://managersofwealth.com/article/58750/quilter-cheviot-asks-how-investors-can-help-reduce-plastic-pollution In the UK alone, we use over 13 billion plastic bottles every year, with only half being recycled. Research Jersey Deal Value Jumps in 2017 News Team Monday, April 16, 2018 1:00 am http://managersofwealth.com/article/58714/jersey-deal-value-jumps-in-2017 Over the course of 2017, Jersey recorded a total of 129 deals, representing USD19.4bn in value. Research Elite Advisor Firms Aren’t Feeling Fee Pressures: Pershing News Aggregation Team Friday, April 13, 2018 1:00 am http://managersofwealth.com/article/58683/elite-advisor-firms-arenamprsquot-feeling-fee-pressures-pershing Large firms’ biggest challenge in 2018 is hiring and development of talent, Pershing found in a poll. Research Say hello to the No. 1 threat to your $11 million inheritance News Aggregation Team Thursday, April 12, 2018 1:00 am http://managersofwealth.com/article/58661/say-hello-to-the-no-1-threat-to-your-11-million-inheritance Attorneys, accountants point to family conflict as the biggest threat to estate planning. Research Ex-UBS exec: why I quit to become an entrepreneur at GMG News Aggregation Team Thursday, April 12, 2018 1:00 am http://managersofwealth.com/article/58670/ex-ubs-exec-why-i-quit-to-become-an-entrepreneur-at-gmg GMG, a financial services provider, launched a new model for wealth management, targeting independent asset managers and private bankers willing to leave their companies. Research Iceland’s Richest 5% Own About Half The Country’s Wealth News Aggregation Team Wednesday, April 11, 2018 1:00 am http://managersofwealth.com/article/58649/icelandamprsquos-richest-5-own-about-half-the-countryamprsquos-wealth According to the Ministry’s own data, the top 5% of the richest families in Iceland brought in 22.2% of the total income earned in the country Research