Managers of Wealth http://managersofwealth.com/ Sat, 23 Jun 2018 01:55:09 BST part of MediaG8way Group http://managersofwealth.com/ http://managersofwealth.com/assets/images/logo.png Managers of Wealth KohanaPHP Ambitious Wealth: when philanthropy goes wrong News Aggregation Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60249/ambitious-wealth-when-philanthropy-goes-wrong How the value of a building and the value of an institution differ Wealth and Asset Management Goldman Sachs considering expanding bitcoin operations further News Aggregation Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60255/goldman-sachs-considering-expanding-bitcoin-operations-further The bank’s leadership has been “encouraged” by messages given by China’s leadership on opening access to the market, Solomon said. Wealth and Asset Management Quilter broadens its horizons News Aggregation Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60256/quilter-broadens-its-horizons Listing of full service wealth manager should appeal to local and British investors. Wealth and Asset Management Stephen Lansdown sells £129m HL stake on record highs News Aggregation Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60257/stephen-lansdown-sells-amppound129m-hl-stake-on-record-highs The sale is the first time he has returned to the market since August last year according to Reuters shareholder data Wealth and Asset Management HSBC launches HNW concierge service News Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60259/hsbc-launches-hnw-concierge-service A table at Noma, World Cup seats or Beyoncé tickets, all at the push of a button Wealth and Asset Management UBS Merger Hits Roadblock News Aggregation Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60265/ubs-merger-hits-roadblock UBS is faltering on the «improved efficiency» part Wealth and Asset Management Canaccord launches ESG portfolio service News Aggregation Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60268/canaccord-launches-esg-portfolio-service The launch comes after UBS teamed up with the World Bank earlier this month to launch its first sustainable investing portfolio for UK clients. Wealth and Asset Management Brexit two years on: wealth managers react News Aggregation Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60270/brexit-two-years-on-wealth-managers-react The firm makes six considerations wealth managers should account for to get Brexit-ready, starting with the understanding that this is not just a compliance matter. Wealth and Asset Management Citywealth branding awards winners announced News Aggregation Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60275/citywealth-branding-awards-winners-announced The winners were determined by an independent panel of four industry judges Wealth and Asset Management One of Asia’s Biggest Private Banks Goes on a Hiring Spree News Aggregation Team Thursday, June 21, 2018 1:00 am http://managersofwealth.com/article/60230/one-of-asiaamprsquos-biggest-private-banks-goes-on-a-hiring-spree The unit of Bank of China Ltd. will recruit both externally and internally as it integrates its parent’s Southeast Asian operations, acquired over the past two years. Wealth and Asset Management Konrad Hummler Is Back in Banking News Aggregation Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60246/konrad-hummler-is-back-in-banking Now 65, the Swiss banker-elder statesman is back on the scene as chairman of Zurich's Private Client Bank, or PCB, according to the company's website. Executive Moves Silicon Valley Bank Appoints Yvette Butler as Head of Private Bank News Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60250/silicon-valley-bank-appoints-yvette-butler-as-head-of-private-bank Butler has more than 25 years of experience in financial services. Executive Moves Sasfin Wealth appoints Jonathan Sieff as Senior Portfolio Manager News Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60253/sasfin-wealth-appoints-jonathan-sieff-as-senior-portfolio-manager Sieff joins from Ashburton Investments, where he held the position of Senior Portfolio Manager. Executive Moves Stonehage Fleming hires TMI partner as wealth director News Aggregation Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60258/stonehage-fleming-hires-tmi-partner-as-wealth-director I am very pleased to welcome Matthew to the wealth planning team Executive Moves Brooks Macdonald revs up planning arm with ex-Towry hire News Aggregation Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60274/brooks-macdonald-revs-up-planning-arm-with-ex-towry-hire Brooks Macdonald is one of a number of wealth managers developing its financial planning capabilities Executive Moves Fitzpatricks Private Wealth announces new CEO News Aggregation Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60262/fitzpatricks-private-wealth-announces-new-ceo Woodley would now oversee advice across Fitzpatricks Financial Group, with a strategic focus on mentoring and coaching advisers. Executive Moves Falcon PB CFO reveals why he left Banque Cramer News Aggregation Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60271/falcon-pb-cfo-reveals-why-he-left-banque-cramer Ultimately, Maccio said he saw his situation as not being 'sustainable in the longer term'. Executive Moves J.P. Morgan Hires Veteran NY Wirehouse Broker Managing About $500 Million News Aggregation Team Thursday, June 21, 2018 1:00 am http://managersofwealth.com/article/60226/jp-morgan-hires-veteran-ny-wirehouse-broker-managing-about-500-million He was joined by his business partner, Patrick M. Murphy, whose Morgan Stanley biography says he has more than 15 years of experience Executive Moves Oxford Financial Group Adds New CIO News Aggregation Team Thursday, June 21, 2018 1:00 am http://managersofwealth.com/article/60227/oxford-financial-group-adds-new-cio Nogues will assume leadership of the firm’s investment management team Executive Moves Falcon Fills Management Gaps News Aggregation Team Thursday, June 21, 2018 1:00 am http://managersofwealth.com/article/60231/falcon-fills-management-gaps Falcon is seeking to reinvent itself after the 1MDB scandal which wiped out its Singapore branch. Executive Moves The 5th Anti-Money Laundering Directive and the art world News Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60247/the-5th-anti-money-laundering-directive-and-the-art-world AMLD5 brings new challenges for ‘obliged entities’ including financial institutions, tax professionals, providers of virtual currencies and those trading in luxury goods – such as art dealers. Legal,Regulation,Tax & Compliance Middle East Legal Awards 2018 – Banking, Finance and Restructuring Team of the Year: Stephenson Harwood News Aggregation Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60264/middle-east-legal-awards-2018-ampndash-banking-finance-and-restructuring-team-of-the-year-stephenson-harwood What Iraq needed was twofold: support with several financings and refinancings, and an economic restructuring that would help plug its budget deficit. Legal,Regulation,Tax & Compliance OECD: MLI to rst enter into force on 1 July 2018 News Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60267/oecd-mli-to-rst-enter-into-force-on-1-july-2018 According to the terms of the convention, the individual signatories have to ratify the MLI in line with their domestic rules and deposit their ratication instruments with the OECD Legal,Regulation,Tax & Compliance Envestnet Announces New Partnership with Hancock Whitney Bank News Team Thursday, June 21, 2018 1:00 am http://managersofwealth.com/article/60222/envestnet-announces-new-partnership-with-hancock-whitney-bank Thirty-four of the 50 leading banks use Envestnet to help design, develop, and deploy a more profitable operating model for managing their client's retail, high-net-worth, and institutional businesses. Legal,Regulation,Tax & Compliance Court queries 'troubling' FCA ban on junior UBS staff News Aggregation Team Thursday, June 21, 2018 1:00 am http://managersofwealth.com/article/60223/court-queries-amp039troublingamp039-fca-ban-on-junior-ubs-staff While the court dismissed his suit and ruled that Hussein had offered misleading testimony, it also reserved criticism for the way that the FCA had targeted its investigation and regulatory action. Legal,Regulation,Tax & Compliance Macquarie Group's private wealth arm gets axe out again News Aggregation Team Thursday, June 21, 2018 1:00 am http://managersofwealth.com/article/60229/macquarie-groupamp039s-private-wealth-arm-gets-axe-out-again The final step - if there is no change - is Macquarie assessing removing the adviser from the business. Legal,Regulation,Tax & Compliance Legal developments offer greater privacy for officers of wealth management companies News Aggregation Team Wednesday, June 20, 2018 1:00 am http://managersofwealth.com/article/60193/legal-developments-offer-greater-privacy-for-officers-of-wealth-management-companies Notwithstanding the new rules, officers of wealth management companies who would prefer to maintain a degree of separation between their personal life and their professional dealings should not publicise their home address in the first place. Legal,Regulation,Tax & Compliance China’s crackdown on shadow banking hits foreign asset managers News Aggregation Team Wednesday, June 20, 2018 1:00 am http://managersofwealth.com/article/60201/chinaamprsquos-crackdown-on-shadow-banking-hits-foreign-asset-managers The major new asset management rules, announced in April, are aimed at tightening shadow banking activities and reducing the systemic risks in order to develop a healthier domestic capital market. Legal,Regulation,Tax & Compliance Audi boss Rupert Stadler arrested over ‘dieselgate’ scandal News Aggregation Team Tuesday, June 19, 2018 1:00 am http://managersofwealth.com/article/60163/audi-boss-rupert-stadler-arrested-over-amplsquodieselgateamprsquo-scandal AUDI CEO Rupert Stadler has been arrested in relation to the emissions cheating scandal. “We confirm that Mr Stadler was arrested this morning. The hearing to determine whether he will be remanded is ongoing,” a spokesman for parent company V Legal,Regulation,Tax & Compliance UBS revamps ESG models, hunts for new PMs News Aggregation Team Tuesday, June 19, 2018 1:00 am http://managersofwealth.com/article/60176/ubs-revamps-esg-models-hunts-for-new-pms Traditional government bonds will be replaced with development bank bonds and sustainable municipal bonds Legal,Regulation,Tax & Compliance All You Need to Know About the Future of Blockchain Wealth Management News Aggregation Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60254/all-you-need-to-know-about-the-future-of-blockchain-wealth-management The wealth management industry needs to ensure it stays ahead of the changes to remain competitive. FinTech SS&C GlobeOp Forward Redemption Indicator News Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60266/ssampampc-globeop-forward-redemption-indicator Investors may, and sometimes do, cancel redemption notices. In addition, the establishment and enforcement of redemption notices may vary from fund to fund. FinTech ShapeShift aims to reinvent Swiss banking privacy News Aggregation Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60273/shapeshift-aims-to-reinvent-swiss-banking-privacy It also allows ShapeShift to operate without a banking license as a self-regulated organisation (SRO) in Switzerland FinTech Russia’s 2 largest banks to test crypto portfolios, starting with Top 6 cryptocurrencies News Aggregation Team Thursday, June 21, 2018 1:00 am http://managersofwealth.com/article/60221/russiaamprsquos-2-largest-banks-to-test-crypto-portfolios-starting-with-top-6-cryptocurrencies “The shares are liquid and a client can send them for fiat currencies any time,” Prokofyev said. FinTech Mark Zuckerberg's wealth soars as Facebook shares rocket News Aggregation Team Thursday, June 21, 2018 1:00 am http://managersofwealth.com/article/60224/mark-zuckerbergamp039s-wealth-soars-as-facebook-shares-rocket Facebook co-founder Mark Zuckerberg is poised to leapfrog Warren Buffett to become the world's third-richest person. FinTech Capgemini Nabs London Studio As Buying Spree Rolls On News Aggregation Team Thursday, June 21, 2018 1:00 am http://managersofwealth.com/article/60225/capgemini-nabs-london-studio-as-buying-spree-rolls-on “Adaptive Lab’s track record of working with marquee clients on high stakes projects is impressive and totally complementary to our digital services portfolio.” FinTech Robo Advice and beyond. What are the gains? News Team Thursday, June 21, 2018 1:00 am http://managersofwealth.com/article/60243/robo-advice-and-beyond-what-are-the-gains Axia Robo Advisor with its cutting-edge technology achieves a unique user experience, delivering a complete offering of omni-channel wealth management services, adding significant value to their operations. FinTech AI a “game changer” for wealth managers News Team Wednesday, June 20, 2018 1:00 am http://managersofwealth.com/article/60205/ai-a-ampldquogame-changeramprdquo-for-wealth-managers Fifty-four per cent of respondents said AI would be essential for them to succeed and to offer personalised guidance, and 67 per cent of HNWI believed their wealth manager should adopt some level of AI. FinTech Robo advice: what are the gains? News Aggregation Team Wednesday, June 20, 2018 1:00 am http://managersofwealth.com/article/60218/robo-advice-what-are-the-gains Regulatory changes and the emergence of digital entrants into the wealth management space have affected the industry in several ways. These - along with the business objective of expanding the potential client base through the provision of better and more FinTech Luxury Hotel Units in UAE Available for Purchase in Bitcoin News Aggregation Team Wednesday, June 20, 2018 1:00 am http://managersofwealth.com/article/60214/luxury-hotel-units-in-uae-available-for-purchase-in-bitcoin Al Mahra Resort by Cristal is owned by FAM Holding, a business conglomerate with diversified investments across the UAE. FinTech 3 Influential Family Offices in India News Aggregation Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60248/3-influential-family-offices-in-india There are more than 90 single-family offices in India collectively managing over $100 billion in wealth Family Office How Asian families can get exposure to impact investments News Aggregation Team Thursday, June 21, 2018 1:00 am http://managersofwealth.com/article/60241/how-asian-families-can-get-exposure-to-impact-investments It is important for them to gain specific sector experience Family Office Real Estate Co-Investment Partnership Clubs For Family Offices News Aggregation Team Wednesday, June 20, 2018 1:00 am http://managersofwealth.com/article/60198/real-estate-co-investment-partnership-clubs-for-family-offices The greatest opportunities in real estate are often deals that are off-market Family Office Should You Start a Family Office? News Aggregation Team Friday, June 15, 2018 1:00 am http://managersofwealth.com/article/60118/should-you-start-a-family-office Families must consider the costs of running their own family office and weigh the benefits against those offered by traditional wealth management firms. Family Office UBS Group expects family office growth in Asia to continue News Aggregation Team Wednesday, June 13, 2018 1:00 am http://managersofwealth.com/article/60045/ubs-group-expects-family-office-growth-in-asia-to-continue Asia's ultra-rich are increasingly looking for more complex and global investments as a record number of patriarchs cede control to the next generation. Family Office UBS eyes family-office growth from Asia’s ultra-rich clans as competition intensifies News Aggregation Team Wednesday, June 13, 2018 1:00 am http://managersofwealth.com/article/60056/ubs-eyes-family-office-growth-from-asiaamprsquos-ultra-rich-clans-as-competition-intensifies The collective fortunes of China’s richest people grew by a staggering 65%, or US$177 billion (RM706.15 billion) last year, according to the Bloomberg Billionaires Index, a ranking of the world’s 500 richest people. Family Office Family offices take on alternative investing News Aggregation Team Monday, June 11, 2018 1:00 am http://managersofwealth.com/article/59979/family-offices-take-on-alternative-investing “There’s a benefit to being closer to the assets, to being the general partner and investor in an opportunity,” Nolte said. “That’s why Marcus Investments was created.” Family Office Family Offices Support Mexico’s Thriving Startups News Aggregation Team Friday, June 08, 2018 1:00 am http://managersofwealth.com/article/59931/family-offices-support-mexicoamprsquos-thriving-startups A wave of young and entrepreneurial professionals are turning the country’s capital, Mexico City, into Latin America’s Silicon Valley. Family Office David Rubenstein’s Family Office Has Bigger Ambitions News Aggregation Team Friday, June 01, 2018 1:00 am http://managersofwealth.com/article/59744/david-rubensteinamprsquos-family-office-has-bigger-ambitions Rubenstein hired a former money manager at MSD Partners, Brian Frank, to run Declaration Partners, Bloomberg writes. Family Office Cents and sensibility women wealth and family office News Aggregation Team Wednesday, May 30, 2018 1:00 am http://managersofwealth.com/article/59718/cents-and-sensibility-women-wealth-and-family-office Money can only give happiness where there is nothing else to give it. Family Office Graff jeweler reopens with a whisper for hush-hush clients in SF News Aggregation Team Thursday, June 21, 2018 1:00 am http://managersofwealth.com/article/60228/graff-jeweler-reopens-with-a-whisper-for-hush-hush-clients-in-sf The Post Street store, Graff’s second in California after Beverly Hills, retains the original features from the 2011 design by architect Peter Marino Luxury In the US luxury car in 1966 was put up for sale for 12 million dollars News Aggregation Team Monday, June 18, 2018 1:00 am http://managersofwealth.com/article/60140/in-the-us-luxury-car-in-1966-was-put-up-for-sale-for-12-million-dollars The supercar features a 7.0-liter naturally aspirated “eight” power of 492 horsepower. Luxury UBS Economist: Why You Should Wait to Buy Luxury Real Estate News Aggregation Team Monday, June 18, 2018 1:00 am http://managersofwealth.com/article/60159/ubs-economist-why-you-should-wait-to-buy-luxury-real-estate Thomas Veraguth currently sees corrections—not crashes—happening for luxury real estate around the world Luxury Porsche Cayenne, altered and trimmed, delivers power dressing News Aggregation Team Sunday, June 17, 2018 1:00 am http://managersofwealth.com/article/60131/porsche-cayenne-altered-and-trimmed-delivers-power-dressing Porsche was ahead of the curve with its Cayenne luxury SUV. Its third generation looks just like its predecessor but is new from the ground up. Luxury Rolls-Royce is set to axe up to 4,600 jobs over the next two years as engineering giant bids to slash £400m annual costs News Aggregation Team Friday, June 15, 2018 1:00 am http://managersofwealth.com/article/60101/rolls-royce-is-set-to-axe-up-to-4600-jobs-over-the-next-two-years-as-engineering-giant-bids-to-slash-amppound400m-annual-costs Rolls-Royce announced it is set to axe up to 4,600 jobs over the next two years Luxury Royal Caribbean To Buy a Stake in Luxury Cruise Line News Aggregation Team Friday, June 15, 2018 1:00 am http://managersofwealth.com/article/60121/royal-caribbean-to-buy-a-stake-in-luxury-cruise-line The closing is expected to be completed later in the year, subject to customary closing conditions and regulatory approvals. Luxury Crossrail Puts New London Developments on Track News Aggregation Team Wednesday, June 13, 2018 1:00 am http://managersofwealth.com/article/60019/crossrail-puts-new-london-developments-on-track New train line has spurred construction of luxury homes Luxury British brand Mulberry looks to Asia to boost sales News Aggregation Team Wednesday, June 13, 2018 1:00 am http://managersofwealth.com/article/60039/british-brand-mulberry-looks-to-asia-to-boost-sales The luxury handbag maker reported falling UK sales Luxury De Beers' Lightbox Aims To Protect Mined Diamond Sector Revenues - ABN AMRO News Aggregation Team Tuesday, June 12, 2018 1:00 am http://managersofwealth.com/article/60003/de-beersamp039-lightbox-aims-to-protect-mined-diamond-sector-revenues-abn-amro For a start, undisclosed mixing of laboratory-grown diamonds with natural diamonds had a serious impact on confidence in the industry. Luxury 20 Fashion Revolutionaries Making Sustainability A Fashion Must-Have Luxury News Aggregation Team Monday, June 11, 2018 1:00 am http://managersofwealth.com/article/59968/20-fashion-revolutionaries-making-sustainability-a-fashion-must-have-luxury Heavy topics that only fashion can make fun, light, and dare we say, gorgeous and if you want more, you need to know about Fashion Revolution at the forefront of this new activism. Luxury Former wife of dotcom tycoon walks away with £115 million in one of Britain's biggest divorces - but it's only a quarter of her husband's fortune News Aggregation Team Thursday, June 21, 2018 1:00 am http://managersofwealth.com/article/60232/former-wife-of-dotcom-tycoon-walks-away-with-amppound115-million-in-one-of-britainamp039s-biggest-divorces-but-itamp039s-only-a-quarter-of-her-husbandamp039s-fortune The wife, who is 49 and from a wealthy Asian family, had demanded a half-share of her ex-husband's assets – some £230 million. Extremely Wealthy Mexico's Billionaire Coppel Family Plans $2 Billion IPO News Aggregation Team Thursday, June 21, 2018 1:00 am http://managersofwealth.com/article/60240/mexicoamp039s-billionaire-coppel-family-plans-2-billion-ipo Morgan Stanley and BofA said picked as global coordinators Extremely Wealthy Billionaire businessman completes £45m purchase of Theatre Royal Haymarket News Aggregation Team Wednesday, June 20, 2018 1:00 am http://managersofwealth.com/article/60204/billionaire-businessman-completes-amppound45m-purchase-of-theatre-royal-haymarket Ranks number three in the Sunday Times Rich List, is reportedly worth £15.3 billion and also owns Warner Music Group. Extremely Wealthy Thai king takes control of some $30bn crown assets News Aggregation Team Sunday, June 17, 2018 1:00 am http://managersofwealth.com/article/60133/thai-king-takes-control-of-some-30bn-crown-assets It means taxes are liable on royal assets for the first time. Extremely Wealthy Roman Abramovich turns down Chelsea takeover bid from Britain's richest man - reports News Aggregation Team Monday, June 11, 2018 1:00 am http://managersofwealth.com/article/59967/roman-abramovich-turns-down-chelsea-takeover-bid-from-britainamp039s-richest-man-reports The Blues' Russian owner Abramovich rejected the bid, according to the Mail. Extremely Wealthy Why India's Richest Are Seeking Citizenship In Cyprus News Aggregation Team Monday, June 11, 2018 1:00 am http://managersofwealth.com/article/59977/why-indiaamp039s-richest-are-seeking-citizenship-in-cyprus Cyprus seems to appeal not just to high net worth Indians in India, but equally to wealthy Non-Resident Indians in cities like London or Dubai. Extremely Wealthy Billions Of Dollars From The Super-Rich Are Looking For Direct Investment Opportunities News Aggregation Team Monday, June 11, 2018 1:00 am http://managersofwealth.com/article/59986/billions-of-dollars-from-the-super-rich-are-looking-for-direct-investment-opportunities “The ultra-wealthy are increasingly using retained intermediaries to source and, with the help of other professionals, to generate deal flow,” says Rick Flynn, managing partner of FFO Business Management & Family Office Extremely Wealthy Hedge Fund Managed by Billionaire Howard Gained 37% in May News Aggregation Team Thursday, June 07, 2018 1:00 am http://managersofwealth.com/article/59895/hedge-fund-managed-by-billionaire-howard-gained-37-in-may Fund run by the billionaire is said to gain 44% this year Extremely Wealthy Russia has a new richest man after steel tycoon beats rival News Aggregation Team Wednesday, June 06, 2018 1:00 am http://managersofwealth.com/article/59867/russia-has-a-new-richest-man-after-steel-tycoon-beats-rival Steel tycoon Vladimir Lisin slipped past rival Alexey Mordashov on Monday as shares of his Novolipetsk Steel climbed 3.5%, pushing his fortune to $20.19 billion Extremely Wealthy The Sultan of Brunei has made the country's first investment in a UK listed company News Aggregation Team Wednesday, June 06, 2018 1:00 am http://managersofwealth.com/article/59873/the-sultan-of-brunei-has-made-the-countryamp039s-first-investment-in-a-uk-listed-company Draper said last week that it would use the new cash raised to invest in more early-stage European tech companies. Extremely Wealthy Eight Charts That Explain Millennials and the Future of Wealth Management News Aggregation Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60251/eight-charts-that-explain-millennials-and-the-future-of-wealth-management Data points financial advisors should keep top-of-mind when thinking about the future and engaging with a growing younger client base. Comment & Analysis RBC Loses Its Luster as Investors Make TD Canada's Premium Bank News Aggregation Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60252/rbc-loses-its-luster-as-investors-make-td-canadaamp039s-premium-bank Toronto-Dominion’s returns more than doubled its Canadian competitor in the past year, eliminating the premium Royal Bank shares enjoyed for the better part of a decade. Comment & Analysis High-net-worth individuals are moving offshore: Why? News Aggregation Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60260/high-net-worth-individuals-are-moving-offshore-why Crestone’s clients’ asset allocations have a correlation of about 87 per cent to our growth model portfolio, which is up from less than 80 per cent a year ago. Comment & Analysis Creating An Innovation Culture At Brazil's Banking Giant Itaú News Aggregation Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60263/creating-an-innovation-culture-at-brazilamp039s-banking-giant-itaampuacute This is when digital director Rubens Fogli had to start a department focused on injecting innovation into the company's products from scratch. Comment & Analysis Investing in Africa is still a tough sell News Aggregation Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60269/investing-in-africa-is-still-a-tough-sell The Africa equity specialist talked about the changing narrative around the continent Comment & Analysis Sallie Krawcheck wants women to take control of their money News Aggregation Team Friday, June 22, 2018 1:00 am http://managersofwealth.com/article/60272/sallie-krawcheck-wants-women-to-take-control-of-their-money The former wealth management executive now running robo adviser Ellevest says women need to invest as much as men do Comment & Analysis London’s Startup Tower: How The City Of London Is Swapping Grey Suits For Hipsters And High-Rises News Aggregation Team Thursday, June 21, 2018 1:00 am http://managersofwealth.com/article/60242/londonamprsquos-startup-tower-how-the-city-of-london-is-swapping-grey-suits-for-hipsters-and-high-rises Here Tiffany’s, Louis Vuitton and rows of luxury shops continue to serve an almost exclusively tie-wearing banker clientele. Comment & Analysis Old Mutual Wealth: 60/40 balanced model is ‘dead’ News Aggregation Team Wednesday, June 20, 2018 1:00 am http://managersofwealth.com/article/60195/old-mutual-wealth-6040-balanced-model-is-amplsquodeadamprsquo The group consists of multi-asset funds designed for different life stages, but split between accumulation and decumulation. Comment & Analysis UBS CEO: Blockchain Is 'Almost a Must' for Business News Aggregation Team Wednesday, June 20, 2018 1:00 am http://managersofwealth.com/article/60200/ubs-ceo-blockchain-is-amp039almost-a-mustamp039-for-business This is not the first time Ermotti has praised blockchain technology without similarly praising cryptocurrencies. Comment & Analysis Why HSBC's marketing chief is taking the banking brand back to the future News Aggregation Team Wednesday, June 20, 2018 1:00 am http://managersofwealth.com/article/60207/why-hsbcamp039s-marketing-chief-is-taking-the-banking-brand-back-to-the-future Fresh from reassigning HSBC's global media account, group head of marketing Leanne Cutts is exploring the bank's roots to make its strategy fit for the digital world. Comment & Analysis Egyptian broker to expand regional coverage as it eyes super rich News Aggregation Team Thursday, June 21, 2018 1:00 am http://managersofwealth.com/article/60239/egyptian-broker-to-expand-regional-coverage-as-it-eyes-super-rich “We will continue to expand both our research coverage and investment banking franchise into Ethiopia, Uganda, Tanzania, Rwanda and Zambia,” the firm said in a statement. Alternative Investments Carlyle Group - Strong Asset Management With A P/E Of Less Than 10 News Aggregation Team Tuesday, June 19, 2018 1:00 am http://managersofwealth.com/article/60169/carlyle-group-strong-asset-management-with-a-pe-of-less-than-10 The company has astounding equity of more than $201 billion with available capital of $73 billion. Alternative Investments BlackRock Is Offering a Free Perk That Lets It See Inside Your Portfolio News Aggregation Team Monday, June 18, 2018 1:00 am http://managersofwealth.com/article/60162/blackrock-is-offering-a-free-perk-that-lets-it-see-inside-your-portfolio Free risk-assessment tool for financial advisers is part of an effort to sell more funds to individual investors Alternative Investments UBS London HQ bought up by Hong Kong investment firm in £1bn deal News Aggregation Team Friday, June 15, 2018 1:00 am http://managersofwealth.com/article/60097/ubs-london-hq-bought-up-by-hong-kong-investment-firm-in-amppound1bn-deal The building was bought from British Land and GIC. Alternative Investments Morning Coffee: Hedge fund manager warns that big wealth could damage your health. Blackrock's plan for world dominance News Aggregation Team Thursday, June 14, 2018 1:00 am http://managersofwealth.com/article/60062/morning-coffee-hedge-fund-manager-warns-that-big-wealth-could-damage-your-health-blackrockamp039s-plan-for-world-dominance The head of Tudor Investment Corp. and the Robin Hood Foundation sees corporate social responsibility, including fair wage practices, as a potential predictor of a good investment as well. Alternative Investments Man Group and AQR try to take aim at private equity industry News Aggregation Team Thursday, June 14, 2018 1:00 am http://managersofwealth.com/article/60092/man-group-and-aqr-try-to-take-aim-at-private-equity-industry The era of near record-low interest rates since the financial crisis has driven a boom in PE, helping persuade investors to lock up their money for an extended period. Alternative Investments Lugano boutique launches AI/big data Alt Ucits fund News Aggregation Team Thursday, June 14, 2018 1:00 am http://managersofwealth.com/article/60089/lugano-boutique-launches-aibig-data-alt-ucits-fund The information is then converted into sentiment indicators to capture market nuances. Alternative Investments Swiss boutique unveils Luxembourg-based Vietnam fund News Aggregation Team Thursday, June 14, 2018 1:00 am http://managersofwealth.com/article/60095/swiss-boutique-unveils-luxembourg-based-vietnam-fund Sustainable business model, shareholder composition, cash flow generation and balance sheet’s health remain among main investment criteria. Alternative Investments Shock as BlackRock Emerging Europe forced into wind-up News Aggregation Team Thursday, June 14, 2018 1:00 am http://managersofwealth.com/article/60110/shock-as-blackrock-emerging-europe-forced-into-wind-up This would the leave the company's assets under £48 million, below the minimum £75 million threshold it had set and therefore too small to be viable. Alternative Investments Paul Tudor Jones, Goldman Sachs launch ETF focused on ESG investing News Aggregation Team Wednesday, June 13, 2018 1:00 am http://managersofwealth.com/article/60024/paul-tudor-jones-goldman-sachs-launch-etf-focused-on-esg-investing Environmental, social and governance issues, or ESG, is a hot topic in asset management, with an increasing number of institutional investors like pension funds and endowments keen to burnish their credentials as conscientious long-term investors. Alternative Investments This is what a $5 billion yacht looks like — does it exceed your expectations? News Aggregation Team Wednesday, June 20, 2018 1:00 am http://managersofwealth.com/article/60220/this-is-what-a-5-billion-yacht-looks-like-ampmdash-does-it-exceed-your-expectations IT’S covered in a ridiculous amount of gold and has an extremely rare feature. This is what $5 billion looks like. Extremely Expensive UBS’ London building just sold for $100 million… per floor News Aggregation Team Friday, June 15, 2018 1:00 am http://managersofwealth.com/article/60123/ubsamprsquo-london-building-just-sold-for-100-millionamphellip-per-floor CK Asset Holdings already owns several properties in London Extremely Expensive Step Inside London's Second-Oldest Hotel News Aggregation Team Monday, June 11, 2018 1:00 am http://managersofwealth.com/article/59966/step-inside-londonamp039s-second-oldest-hotel Flemings is situated right at the heart of the city, in the prestigious Mayfair area. Extremely Expensive How Aston Martin, McLaren spin profits from hypercars News Aggregation Team Tuesday, June 05, 2018 1:00 am http://managersofwealth.com/article/59835/how-aston-martin-mclaren-spin-profits-from-hypercars The Veyron wasn’t the only hypercar to run into problems. Extremely Expensive Fancy Vivid Blue Diamond Necklace Fetches $20.5 Million News Aggregation Team Wednesday, May 30, 2018 1:00 am http://managersofwealth.com/article/59697/fancy-vivid-blue-diamond-necklace-fetches-205-million The final price, which includes fees, ended up in the middle of an estimate range between HK$145 million and HK$195 million. Extremely Expensive Artificial Intelligence and The Banking Industry’s $1 Trillion Opportunity News Aggregation Team Tuesday, May 29, 2018 1:00 am http://managersofwealth.com/article/59672/artificial-intelligence-and-the-banking-industryamprsquos-1-trillion-opportunity According to Autonomous, a financial research firm, people are outnumbered three-to-one by their smart computing devices — an estimated 22 billion in total. Extremely Expensive Eating Gold in the Age of Instagram News Aggregation Team Monday, May 28, 2018 1:00 am http://managersofwealth.com/article/59634/eating-gold-in-the-age-of-instagram Some restaurants will offer gold leaf as part of a desert dish for super high rollers. Extremely Expensive James Bond's Aston Martin DB5 from 'GoldenEye' expected to fetch £1.6m at auction News Aggregation Team Wednesday, May 23, 2018 1:00 am http://managersofwealth.com/article/59570/james-bondamp039s-aston-martin-db5-from-amp039goldeneyeamp039-expected-to-fetch-amppound16m-at-auction "This car captures the glamour, daring and quintessential Britishness of everyone’s favourite spy." Extremely Expensive How Much Would You Pay for a Bottle of Whisky? News Aggregation Team Tuesday, May 22, 2018 1:00 am http://managersofwealth.com/article/59512/how-much-would-you-pay-for-a-bottle-of-whisky A new record for a bottle of whisky sold at auction, Advizr launches its Workplace product and Janney adds at $2 billion team from Nashville. Extremely Expensive A beach-front secret:tax-free property on under-explored Caribbean paradise islands from £421,000 News Aggregation Team Tuesday, May 22, 2018 1:00 am http://managersofwealth.com/article/59530/a-beach-front-secrettax-free-property-on-under-explored-caribbean-paradise-islands-from-amppound421000 Discover a hot Caribbean secret in tax-free paradise islands of Turks and Caicos. Extremely Expensive Diverging Markets Call for Skilled Stock Pickers - State Street News Team Thursday, June 21, 2018 1:00 am http://managersofwealth.com/article/60237/diverging-markets-call-for-skilled-stock-pickers-state-street US Pulls Ahead, Protectionism Remains Biggest Risk Research Art Overtakes Wine as Top Luxury Asset News Aggregation Team Wednesday, June 20, 2018 1:00 am http://managersofwealth.com/article/60209/art-overtakes-wine-as-top-luxury-asset In the long term, classic cars have been the best-performing asset type overall. Research Robo advice: what are the gains? News Aggregation Team Wednesday, June 20, 2018 1:00 am http://managersofwealth.com/article/60217/robo-advice-what-are-the-gains With these trends in mind, wealth management firms operating in a traditional manner may find it hard to compete unless they embrace the tech revolution. Research Hong Kong remains the easiest jurisdiction in Asia Pacific for accounting and tax compliance News Team Wednesday, June 20, 2018 1:00 am http://managersofwealth.com/article/60219/hong-kong-remains-the-easiest-jurisdiction-in-asia-pacific-for-accounting-and-tax-compliance Hong Kong is the easiest jurisdiction in Asia Pacific for accounting and tax compliance, and fourth-easiest globally - according to TMF Group’s Financial Complexity Index 2018. Research An Evolving Relationship with Africa News Team Tuesday, June 19, 2018 1:00 am http://managersofwealth.com/article/60166/an-evolving-relationship-with-africa Jersey has the right funds ecosystem to provide them with a clear solution, thanks to its credentials on transparency, innovation and quality. Research 'Big Tech' threat to wealth management - Capgemini’s World Wealth Report 2018 News Team Tuesday, June 19, 2018 1:00 am http://managersofwealth.com/article/60184/amp039big-techamp039-threat-to-wealth-management-capgeminiamprsquos-world-wealth-report-2018 Wealth management firms accelerate hybrid advice programs -with investments in emerging technologies, such as intelligent automation and artificial intelligence, to prepare for BigTech entrance Research The cost of being posh is getting even more expensive with the price of exotic holidays, Savile Row suits and private schools soaring by 5.5 per cent a year News Aggregation Team Monday, June 18, 2018 1:00 am http://managersofwealth.com/article/60139/the-cost-of-being-posh-is-getting-even-more-expensive-with-the-price-of-exotic-holidays-savile-row-suits-and-private-schools-soaring-by-55-per-cent-a-year The ‘Luxury Price Index’ from private bank Coutts shows the rich will have to dip deeper to afford the finer things in life. Research Here are the top six areas where robots could completely replace humans in the next five years News Aggregation Team Monday, June 18, 2018 1:00 am http://managersofwealth.com/article/60146/here-are-the-top-six-areas-where-robots-could-completely-replace-humans-in-the-next-five-years When asked what are the most popular areas for the technology's importance in delivering results, the top spots included increasing cybersecurity at 75 per cent, reducing costs at 73 per cent, and upping portfolio returns and client communications, b Research 15 property millionaires created every week News Aggregation Team Monday, June 18, 2018 1:00 am http://managersofwealth.com/article/60150/15-property-millionaires-created-every-week That figure is twice the combined market capitalisation of the 50 or so firms listed on the Irish stock exchange and €120bn more than Irish GDP last year. Research Investment Advisors Need To Grow Their Practices Organically Or They Will Likely Fail News Aggregation Team Monday, June 18, 2018 1:00 am http://managersofwealth.com/article/60160/investment-advisors-need-to-grow-their-practices-organically-or-they-will-likely-fail At the same time, some broker/dealers have made considerable efforts to grow by bringing over new investment advisory practices. Research