Managers of Wealth http://managersofwealth.com/ Thu, 17 Oct 2019 06:53:25 BST part of MediaG8way Group http://managersofwealth.com/ http://managersofwealth.com/assets/images/logo.png Managers of Wealth KohanaPHP Credit Suisse Looks to Add More Advisers to Billionaire Clients News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72104/credit-suisse-looks-to-add-more-advisers-to-billionaire-clients The international wealth business has focused on Latin America, Europe, the Middle East and Africa and was led until recently by Iqbal Khan, who moved to UBS at the beginning of this month and was replaced by Wehle. Wealth and Asset Management JPMorgan wealth income dips in third quarter News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72106/jpmorgan-wealth-income-dips-in-third-quarter JPMorgan chairman and CEO Jamie Dimon said that in “Asset & Wealth Management, both AUM and client assets were a record helped by strong net inflows into long-term and liquidity products”. Wealth and Asset Management Banca Generali completes the acquisition of Valeur Fiduciaria S.A. News Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72116/banca-generali-completes-the-acquisition-of-valeur-fiduciaria-sa The deal is part of Banca Generali’s wider private-banking internationalisation and growth strategy launched with a view to strengthening the range of services offered Wealth and Asset Management Arbuthnot wealth planning fee shake-up hits profit News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72126/arbuthnot-wealth-planning-fee-shake-up-hits-profit Arbuthnot’s wealth planning division is on course for a full-year loss following a shake-up of the company’s fee structure this summer Wealth and Asset Management Next Gen: Camilla Cecil, James Hambro & Partners News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72127/next-gen-camilla-cecil-james-hambro-ampamp-partners This week we chat to Camilla Cecil, portfolio manager at James Hambro & Partners. We found out what her worst investment decision was living in London as well as what three unusual people she would invite to dinner. Wealth and Asset Management A Call to Arms: Wealth Managers in Asia Must Adapt Now to a Brave New World News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72131/a-call-to-arms-wealth-managers-in-asia-must-adapt-now-to-a-brave-new-world However, unless the industry heeds the inevitability of commission compression – private banks in Asia still extract a very large portion of their revenues from product sales and execution – there is a significant risk of a profits implosion. Wealth and Asset Management New wealth management service opens in Kendal News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72132/new-wealth-management-service-opens-in-kendal I want to build a long-term opportunity for people who do not want to experience a high turnover of individuals managing their investments. Wealth and Asset Management BNY Mellon's Pershing Unveils New, Centralized Portal for Investment Managers News Team Tuesday, October 15, 2019 1:00 am http://managersofwealth.com/article/72068/bny-mellonamp039s-pershing-unveils-new-centralized-portal-for-investment-managers The new portal enables clients to easily manage and deliver models Wealth and Asset Management Money pours into Ashmore Group despite dollar woes News Aggregation Team Tuesday, October 15, 2019 1:00 am http://managersofwealth.com/article/72075/money-pours-into-ashmore-group-despite-dollar-woes Net inflows at Ashmore Group reached $2.4 billion in the three months to the end of September. Wealth and Asset Management PIMFA Women in Wealth Forum Encourages Culture Changes to Help Improve Gender Equality in Finance News Team Tuesday, October 15, 2019 1:00 am http://managersofwealth.com/article/72080/pimfa-women-in-wealth-forum-encourages-culture-changes-to-help-improve-gender-equality-in-finance Anita Rolls, Founder of So What Do You Do, led a practical, interactive session that looked at key trends disrupting today's world of work, the implications this has for individuals, and how they can capitalise on opportunities. Wealth and Asset Management Newcastle firm appoints senior wealth manager after buyout News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72133/newcastle-firm-appoints-senior-wealth-manager-after-buyout Newcastle-based Tier One Capital has hired Michael Carrick as a senior wealth manager, following the acquisition of his advice firm. Executive Moves Vistra Strengthens Executive Leadership Team with Two New Appointments News Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72122/vistra-strengthens-executive-leadership-team-with-two-new-appointments Vistra Strengthens Executive Leadership Team with Appointments of New Chief Commercial Officer and Regional Managing Director of UK, Ireland, Channel Islands, and Middle East Executive Moves Babbe expands Private Wealth team with new appointment News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72125/babbe-expands-private-wealth-team-with-new-appointment Miss Boudra recently completed her Legal Practice Course with Distinction at the University of Law. Executive Moves Axa IM CEO steps aside in management reshuffle News Aggregation Team Tuesday, October 15, 2019 1:00 am http://managersofwealth.com/article/72064/axa-im-ceo-steps-aside-in-management-reshuffle Andrea Rossi, who has led Axa IM since 2013, exits as Axa group CFO postpones retirement to succeed him Executive Moves Standard Chartered Hires Southeast Asia Private Banking News Aggregation Team Tuesday, October 15, 2019 1:00 am http://managersofwealth.com/article/72066/standard-chartered-hires-southeast-asia-private-banking Following the exit of Srinivas Siripurapu from Standard Chartered, the private bank has swiftly hired a replacement. Executive Moves LPL Financial Welcomes Advisor Joseph Mazzucco, Stonebrook Wealth Management News Team Tuesday, October 15, 2019 1:00 am http://managersofwealth.com/article/72070/lpl-financial-welcomes-advisor-joseph-mazzucco-stonebrook-wealth-management Mazzucco takes a highly personalized approach to providing investment and retirement advice to individuals, families, corporate executives, medical professionals, small business owners and retirees Executive Moves Kestra Financial Welcomes Newly Formed Team of Experienced Advisors News Team Tuesday, October 15, 2019 1:00 am http://managersofwealth.com/article/72072/kestra-financial-welcomes-newly-formed-team-of-experienced-advisors Three seasoned advisors have banded together to establish Noble Wealth Advisors Executive Moves Tier One Appoints Senior Wealth Manager News Aggregation Team Tuesday, October 15, 2019 1:00 am http://managersofwealth.com/article/72082/tier-one-appoints-senior-wealth-manager The appointment is another part of Tier One Capital’s full integration of Carrick Financial Management into its operations. Executive Moves Boston Private Names Head of Strategic Business Development News Team Tuesday, October 15, 2019 1:00 am http://managersofwealth.com/article/72102/boston-private-names-head-of-strategic-business-development Mr. Dwyer will be reporting to Mr. Simons. Mr. Dwyer earned his MBA from the University of Miami and a B.A. from Providence College. Executive Moves Self Bank Banca Privada hires third wealth director to bolster new private banking project News Aggregation Team Friday, October 11, 2019 1:00 am http://managersofwealth.com/article/71998/self-bank-banca-privada-hires-third-wealth-director-to-bolster-new-private-banking-project Self Bank Banca Privada announced earlier this month its enhanced business model Executive Moves Fee negotiations put asset classes under pressure News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72111/fee-negotiations-put-asset-classes-under-pressure The last three years have seen a swing in favour of investors, whose position was strengthened by last year’s outflows,” the report said. Legal,Regulation,Tax & Compliance PrivatBank wins London appeal in lawsuit against ex-owners News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72105/privatbank-wins-london-appeal-in-lawsuit-against-ex-owners PrivatBank’s lawsuit against the former owners alleges fraud that it says cost the bank hundreds of millions of dollars. Legal,Regulation,Tax & Compliance IMF warns global outlook is bad News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72114/imf-warns-global-outlook-is-bad The IMF for the past year has every three months cut projected growth for 2019 as trade conflicts worsened. Legal,Regulation,Tax & Compliance Woodbridge CEO Gets 25-Year Sentence for Fraud News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72117/woodbridge-ceo-gets-25-year-sentence-for-fraud Robert Shapiro led a $1.2 billion Ponzi scheme over six years that hurt some 8,400 investors. Legal,Regulation,Tax & Compliance Credit Suisse: Shivering with US Department of State News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72119/credit-suisse-shivering-with-us-department-of-state The exuberant thanks of the lawyer was rather directed to the US Department of Labor. Legal,Regulation,Tax & Compliance Mozambique: Ex-CS bankers appointed as witnesses News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72123/mozambique-ex-cs-bankers-appointed-as-witnesses They appear in the trial of Jean Boustani as a witness, a former manager of a company in Abu Dhabi, which is alleged to have threaded the delicate billion deal for a tuna fleet in Mozambique. Legal,Regulation,Tax & Compliance How Hong Kong’s Taxes Spawned Billionaires and Bred Inequality News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72124/how-hong-kongamprsquos-taxes-spawned-billionaires-and-bred-inequality How Hong Kong’s Sky-High Home Prices Feed the Unrest: QuickTake Legal,Regulation,Tax & Compliance UBS President breaks lance for the central banks News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72129/ubs-president-breaks-lance-for-the-central-banks This has consequences for Weber's current profession. Legal,Regulation,Tax & Compliance Barclays Approved $32 Million Qatar Bonus for Jenkins, SFO Says News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72130/barclays-approved-32-million-qatar-bonus-for-jenkins-sfo-says Qatar’s investments came as part of two Barclays cash calls in June and October 2008, which raised more than 11 billion from all investors. Legal,Regulation,Tax & Compliance Credit Suisse former clients demand return of $150m in 'illegal' fees News Aggregation Team Tuesday, October 15, 2019 1:00 am http://managersofwealth.com/article/72091/credit-suisse-former-clients-demand-return-of-150m-in-amp039illegalamp039-fees This latest scandal is just further proof that Credit Suisse's own controls have completely failed, resulting in illegal activities which ultimately damage clients, shareholders and the public trust," a spokesman for CS Victims said. Legal,Regulation,Tax & Compliance Profile: Latest developments recognised in international publications News Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72113/profile-latest-developments-recognised-in-international-publications Profile appreciates the recognition these awards provide to further support its efforts to deliver competitive services to its growing clientele. FinTech SS&C to Release Third Quarter 2019 Earnings News Team Tuesday, October 15, 2019 1:00 am http://managersofwealth.com/article/72077/ssampampc-to-release-third-quarter-2019-earnings To be released on October 31, 2019 FinTech Union Bancaire Privée onboards a new technology-focused equity long/short strategy on its alternative UCITS platform News Team Tuesday, October 15, 2019 1:00 am http://managersofwealth.com/article/72076/union-bancaire-privampeacutee-onboards-a-new-technology-focused-equity-longshort-strategy-on-its-alternative-ucits-platform Having successfully managed our technology-focused long/short strategy for 16 years now, we are excited to extend the offering to the broader UCITS audience and contribute to the diverse product offering that UBP’s platform provides. FinTech Blankstone Sington Goes Live on Wealth Intelligence’s Allfunds Platform News Team Tuesday, October 15, 2019 1:00 am http://managersofwealth.com/article/72084/blankstone-sington-goes-live-on-wealth-intelligenceamprsquos-allfunds-platform Blankstone Sington already used the WIN platform, including its capability to automate the order management process. FinTech Broadridge Enhances Composition Capabilities for Regulatory Communications News Team Tuesday, October 15, 2019 1:00 am http://managersofwealth.com/article/72096/broadridge-enhances-composition-capabilities-for-regulatory-communications "This is another example of how Broadridge is helping asset management and other financial services firms streamline regulatory and marketing communications in a complex environment." FinTech Ransomware Attacks for 2019 Already Outpacing Total Number of Incidents in 2018 News Team Sunday, October 13, 2019 1:00 am http://managersofwealth.com/article/72030/ransomware-attacks-for-2019-already-outpacing-total-number-of-incidents-in-2018 Some ransom demands have grown to the six-and seven-figure range FinTech NexJ Systems launches CRM for wealth management News Aggregation Team Friday, October 11, 2019 1:00 am http://managersofwealth.com/article/71997/nexj-systems-launches-crm-for-wealth-management NexJ CRM for Wealth Management is purpose built to provide financial advisors the ability to save time, optimize customer value, and enhance client engagement. FinTech Broadridge pushes deeper into wealth management with Fi360 takeover News Team Friday, October 11, 2019 1:00 am http://managersofwealth.com/article/72010/broadridge-pushes-deeper-into-wealth-management-with-fi360-takeover The acquisition will also further strengthen Broadridge's data and analytics tools and solutions suite that enable asset managers to grow their businesses by providing greater transparency into the retirement market. FinTech Wealth managers battle to make it Appen News Aggregation Team Friday, October 11, 2019 1:00 am http://managersofwealth.com/article/72020/wealth-managers-battle-to-make-it-appen A meaningful app offering is no longer just ‘nice to have’, but an increasingly serious business channel. FinTech Banking giant UBS officially implements we.trade blockchain News Aggregation Team Thursday, October 10, 2019 1:00 am http://managersofwealth.com/article/71969/banking-giant-ubs-officially-implements-wetrade-blockchain The Swiss bank revealed it went live on we.trade at the start of October, providing services to small and mid-sized enterprises. FinTech From Mom-And-Pop Shops To Professional Family Offices — What Is The Key To Sustained Business Growth? News Aggregation Team Tuesday, October 15, 2019 1:00 am http://managersofwealth.com/article/72100/from-mom-and-pop-shops-to-professional-family-offices-ampmdash-what-is-the-key-to-sustained-business-growth All businesses face challenges. What is unique about family-owned operations is the inherent complexity of family dynamics they encounter. Family Office Growth Of Family Offices In Singapore News Aggregation Team Friday, October 11, 2019 1:00 am http://managersofwealth.com/article/71995/growth-of-family-offices-in-singapore Singapore has long been one of the favoured private banking and wealth management centres for Asian families, and it is therefore natural that when it comes to choosing a place to set up their family offices, Singapore remains one of their top choices. Family Office Raffaele Riva and AUREA Multi Family Office: Seamless International Transactions in Switzerland, Italy, and the UK News Aggregation Team Thursday, October 10, 2019 1:00 am http://managersofwealth.com/article/71973/raffaele-riva-and-aurea-multi-family-office-seamless-international-transactions-in-switzerland-italy-and-the-uk In his function as co-owner and partner of AUREA, Riva maintains an active leadership role in several of these smaller companies Family Office Family Offices Returns Droop News Aggregation Team Wednesday, October 09, 2019 1:00 am http://managersofwealth.com/article/71930/family-offices-returns-droop More than half of the family office respondents expected a market downturn to kick off next year. Family Office Global Family Offices Post Modest Returns News Aggregation Team Tuesday, October 08, 2019 1:00 am http://managersofwealth.com/article/71908/global-family-offices-post-modest-returns While the average family office hasn’t made wholesale changes to its portfolio, many have been building up cash reserves and deleveraging their investments in anticipation of disruption ahead. Family Office UBS report: Apac family offices post best returns News Aggregation Team Tuesday, October 08, 2019 1:00 am http://managersofwealth.com/article/71931/ubs-report-apac-family-offices-post-best-returns They are also embracing sustainable investing and putting succession plans in place, according to UBS’s latest Global Family Office Report. Family Office Family-owned businesses suffer 'trust fund syndrome' News Aggregation Team Monday, October 07, 2019 1:00 am http://managersofwealth.com/article/71887/family-owned-businesses-suffer-amp039trust-fund-syndromeamp039 ‘Trust fund syndrome’ is gripping family-owned businesses and forcing many of them out of family ownership after two generations, warns Smith & Williamson Family Office For Family Offices, Preservation Of Wealth Is The Most Important Thing And Real Estate Can Help News Aggregation Team Monday, October 07, 2019 1:00 am http://managersofwealth.com/article/71888/for-family-offices-preservation-of-wealth-is-the-most-important-thing-and-real-estate-can-help As many of us know, there's a common saying about family office money Family Office Investment returns of ultra-rich families hit by global uncertainties; many expect recession next year News Aggregation Team Monday, October 07, 2019 1:00 am http://managersofwealth.com/article/71890/investment-returns-of-ultra-rich-families-hit-by-global-uncertainties-many-expect-recession-next-year Family offices are cautious about geopolitical tensions, and there is a widespread sense that we're reaching the end of the current market cycle," said Dr Rebecca Gooch, director of research at Campden Wealth. Family Office Asian families growing wealth by sticking with core investment values News Aggregation Team Friday, October 04, 2019 1:00 am http://managersofwealth.com/article/71824/asian-families-growing-wealth-by-sticking-with-core-investment-values Real estate remains critical asset to next gen despite massive generational transfer of wealth Family Office These Are Six The Most Luxurious Trains From Around The World News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72107/these-are-six-the-most-luxurious-trains-from-around-the-world For some travelers, an authentic experience of travel on rails is incomplete without boarding this Trans – Siberian express that takes you through eight different time zones. Luxury Rumoured: The Ritz, London may sell for a whopping $1 billion News Aggregation Team Monday, October 14, 2019 1:00 am http://managersofwealth.com/article/72048/rumoured-the-ritz-london-may-sell-for-a-whopping-1-billion The Ritz has been owned since 1995 by David and Frederick Barclay. Luxury Thief snatches an $830,000 Richard Mille watch off a Japanese businessman’s wrist in Paris News Aggregation Team Monday, October 14, 2019 1:00 am http://managersofwealth.com/article/72049/thief-snatches-an-830000-richard-mille-watch-off-a-japanese-businessmanamprsquos-wrist-in-paris CNN reports that the case was transferred to an organized crime taskforce because of the value of the watch. Luxury Chinese Consumers' Growing Appetite for Luxury: What Does It Mean for Hospitality? News Aggregation Team Monday, October 14, 2019 1:00 am http://managersofwealth.com/article/72050/chinese-consumersamp039-growing-appetite-for-luxury-what-does-it-mean-for-hospitality The Chinese hospitality industry is experiencing promising growth, driven by key trends such as millennials purchasing power, adaptation of digitalization and market repatriation. Luxury Four World-Beating Whiskies News Team Sunday, October 13, 2019 1:00 am http://managersofwealth.com/article/72034/four-world-beating-whiskies The Macallan 1926 bottles sold last year showcased 3 different labels Luxury Notable Luxury Home Sales of 2019: First Half News Team Sunday, October 13, 2019 1:00 am http://managersofwealth.com/article/72035/notable-luxury-home-sales-of-2019-first-half Highlights from the top reported sales of the first half of 2019 from the Christie’s International Real Estate global Affiliate network Luxury BMW debuts M8 Gran Coupe that packs the performance of a supercar in a practical four-door body News Aggregation Team Friday, October 11, 2019 1:00 am http://managersofwealth.com/article/72013/bmw-debuts-m8-gran-coupe-that-packs-the-performance-of-a-supercar-in-a-practical-four-door-body Other than that, the 2020 BMW M8 Gran Coupe is almost identical to the freshly launched M8 coupe and cabriole, including most of the styling and the specifications. Luxury Monaco-Based REDD Announces £100M Expansion into Central London News Aggregation Team Tuesday, October 08, 2019 1:00 am http://managersofwealth.com/article/71907/monaco-based-redd-announces-amppound100m-expansion-into-central-london The new London operation undertakes direct investment and development, as well as providing development management and property management for private investors and clients. Luxury Braman Miami Delivers Bespoke Rolls-Royce Cullinan to Michael Fux News Aggregation Team Tuesday, October 08, 2019 1:00 am http://managersofwealth.com/article/71919/braman-miami-delivers-bespoke-rolls-royce-cullinan-to-michael-fux The car was presented on the showroom floor as guests looked on with amazement as the sheet was pulled back on the luxury SUV. Luxury 20 Luxury SUVs That Make No Sense Whatsoever News Aggregation Team Monday, October 07, 2019 1:00 am http://managersofwealth.com/article/71871/20-luxury-suvs-that-make-no-sense-whatsoever In this article, we'll be taking a look at 20 luxury SUVs that make absolutely zero sense. Luxury The most outrageous splurges of tech billionaires, from Richard Branson's private island to Jeff Bezos' $65 million private jet News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72110/the-most-outrageous-splurges-of-tech-billionaires-from-richard-bransonamp039s-private-island-to-jeff-bezosamp039-65-million-private-jet Tech billionaires have been known to make extravagant purchases from time to time. Extremely Wealthy Indian HNW real estate investment to continue growing News Aggregation Team Friday, October 11, 2019 1:00 am http://managersofwealth.com/article/72003/indian-hnw-real-estate-investment-to-continue-growing Besides real estate investing, 19.1 per cent of the respondents says that gold is their most preferred investment asset class, followed by stocks with 17.1 per cent of the respondents claiming it to be their favourite investment. Extremely Wealthy Youngest Billionaires In The U.S. For 2019: Meet The 13 Under Age 40 News Aggregation Team Wednesday, October 09, 2019 1:00 am http://managersofwealth.com/article/71937/youngest-billionaires-in-the-us-for-2019-meet-the-13-under-age-40 The number of those under 40 on the 2019 list is up one from last year. Extremely Wealthy SA billionaires eyeing the Blue Bulls News Aggregation Team Wednesday, October 09, 2019 1:00 am http://managersofwealth.com/article/71961/sa-billionaires-eyeing-the-blue-bulls The deal will see Remgro reducing its share to 37.45% and Motsepe taking up 37.45%, giving the two businessmen a controlling stake in the Pretoria-based side, the newspaper reported, without saying where it got the information. Extremely Wealthy Mark Zuckerberg says billionaires sometimes accumulate unreasonable wealth News Aggregation Team Sunday, October 06, 2019 1:00 am http://managersofwealth.com/article/71856/mark-zuckerberg-says-billionaires-sometimes-accumulate-unreasonable-wealth Sanders, a 2020 presidential hopeful, made the comment while outlining his proposal for a wealth tax and a national wealth registry. Extremely Wealthy Down And Off: The 27 Billionaires Who Fell Off The Forbes 400 Club In 2019 News Aggregation Team Thursday, October 03, 2019 1:00 am http://managersofwealth.com/article/71794/down-and-off-the-27-billionaires-who-fell-off-the-forbes-400-club-in-2019 That minimum net worth ($2.1 billion) for inclusion hasn’t changed since last year. Extremely Wealthy Melinda Gates: Here's Why I'm Committing $1 Billion to Promote Gender Equality News Aggregation Team Thursday, October 03, 2019 1:00 am http://managersofwealth.com/article/71803/melinda-gates-hereamp039s-why-iamp039m-committing-1-billion-to-promote-gender-equality My reaction to facts like these is a complicated mix of outrage and optimism. Extremely Wealthy What’s your ‘wealth number’? Find out how rich you are on a scale from minus-2 to 11 News Aggregation Team Wednesday, October 02, 2019 1:00 am http://managersofwealth.com/article/71747/whatamprsquos-your-amplsquowealth-numberamprsquo-find-out-how-rich-you-are-on-a-scale-from-minus-2-to-11 Someone with $1 is a zero and someone with a dime (or one-tenth of a dollar) comes in at minus-1. Less than that — negative net worth — and it’s minus-2. Extremely Wealthy Cox: The gnomes of Zurich aren’t boring enough News Aggregation Team Tuesday, October 01, 2019 1:00 am http://managersofwealth.com/article/71707/cox-the-gnomes-of-zurich-arenamprsquot-boring-enough There’s no place quite like Zurich. Extremely Wealthy Flying high: the new era of Chinese jetsetters News Team Tuesday, September 24, 2019 1:00 am http://managersofwealth.com/article/71562/flying-high-the-new-era-of-chinese-jetsetters China is producing more millionaires and billionaires than ever before Extremely Wealthy Goldman Sachs says it absorbed a $80 million write-down after WeWork’s IPO disaster News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72109/goldman-sachs-says-it-absorbed-a-80-million-write-down-after-weworkamprsquos-ipo-disaster Goldman shares fell as much as 3.5% in Tuesday trading after its third-quarter report missed analysts’ earnings expectations and showed a decline in investment-banking revenue. Comment & Analysis Top 5 Places Every Nature Photographer Should Go News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72108/top-5-places-every-nature-photographer-should-go This particular location is very well recognized and no photographer should miss an opportunity to capture its beauty. Comment & Analysis Here’s why this economist says the ‘perfect’ tax rate for the rich is 75% News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72118/hereamprsquos-why-this-economist-says-the-amplsquoperfectamprsquo-tax-rate-for-the-rich-is-75 The 75% rate would only apply to the top 1% of Americans, or those who earn more than $500,000 in income in 2019. Comment & Analysis ''Entrepreneurs form the Backbone of the British Economy'' News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72120/amp039amp039entrepreneurs-form-the-backbone-of-the-british-economyamp039amp039 In conversation with the man behind the world’s most active investor in growing companies Comment & Analysis Beaufort adds 19th firm in network drive News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72121/beaufort-adds-19th-firm-in-network-drive The advice landscape is changing and, with many advisers leaving the industry and many more set to retire over the next few years Comment & Analysis How much does implementing technology cost for advisers? News Aggregation Team Tuesday, October 15, 2019 1:00 am http://managersofwealth.com/article/72069/how-much-does-implementing-technology-cost-for-advisers Smaller developments can have ‘the fastest and biggest impact’ on IFAs Comment & Analysis Mirova Leads Coalition of 66 Investors to Take Action toward Gender Equality News Team Tuesday, October 15, 2019 1:00 am http://managersofwealth.com/article/72074/mirova-leads-coalition-of-66-investors-to-take-action-toward-gender-equality In addition to calling for increased transparency on this topic, the purpose of this statement is to encourage companies to sign the Women’s Empowerment Principles. Comment & Analysis Phishing the Famous News Team Tuesday, October 15, 2019 1:00 am http://managersofwealth.com/article/72099/phishing-the-famous Man Who Targeted Celebrities Sentenced; Simple Precautions Can Keep Your Information Safe Comment & Analysis The Eight Characteristics Of Top CEOS And CHROs News Aggregation Team Monday, October 14, 2019 1:00 am http://managersofwealth.com/article/72029/the-eight-characteristics-of-top-ceos-and-chros While their job roles and responsibilities may differ, it is these eight characteristics, which individually enable them to successfully navigate a path to success and when combined becomes a formidable force. Comment & Analysis Joel Blake OBE Urges Businesses To 'Go Glocal' News Aggregation Team Monday, October 14, 2019 1:00 am http://managersofwealth.com/article/72031/joel-blake-obe-urges-businesses-to-amp039go-glocalamp039 This means having a global mindset and reach, but at the same time accommodating the cultures, ideals and needs of your local audiences. Comment & Analysis Fidelity Introduces New Customized Investment Models in Fidelity AMP, Its Award-winning Digital Advice Solution for Advisors News Team Tuesday, October 15, 2019 1:00 am http://managersofwealth.com/article/72065/fidelity-introduces-new-customized-investment-models-in-fidelity-amp-its-award-winning-digital-advice-solution-for-advisors Fidelity AMP Combines Human and Digital Capabilities to Help Advisors Scale Their Businesses and Deliver Greater Value to Investors Alternative Investments Octopus’ P2P solution ‘Octopus Choice’ now available within a SIPP News Team Tuesday, October 15, 2019 1:00 am http://managersofwealth.com/article/72095/octopusamprsquo-p2p-solution-amplsquooctopus-choiceamprsquo-now-available-within-a-sipp The move follows increasing demand from financial advisers and direct investors Alternative Investments Whisky & Wealth Club Expands Into Scotch Whisky With Historic Distillery Partnership News Team Friday, October 11, 2019 1:00 am http://managersofwealth.com/article/72019/whisky-ampamp-wealth-club-expands-into-scotch-whisky-with-historic-distillery-partnership The company’s first Scotch partnership is with 202-year-old Bladnoch Distillery situated in the Scottish Lowlands. Alternative Investments Special report: A tale of two insurers News Aggregation Team Thursday, October 10, 2019 1:00 am http://managersofwealth.com/article/71974/special-report-a-tale-of-two-insurers The differing fortunes of Old Mutual and Sanlam. Alternative Investments Hargreaves Lansdown Makes Solid Start Amid Growth In Assets News Aggregation Team Thursday, October 10, 2019 1:00 am http://managersofwealth.com/article/71978/hargreaves-lansdown-makes-solid-start-amid-growth-in-assets Assets under administration at the period-end totalled GBP101.8 billion, up on GBP99.3 billion as at June 30 and GBP94.1 billion a year ago. Alternative Investments Leading Swedish insurance group selects Allfunds News Team Thursday, October 10, 2019 1:00 am http://managersofwealth.com/article/71979/leading-swedish-insurance-group-selects-allfunds Sweden is an important growth market for Allfunds and insurance companies is a core client segment for our company, where we support in implementing their investment strategies in funds for their life and pension businesses.” Alternative Investments Real Estate Update – A lot can happen in a few WeWork weeks News Team Tuesday, October 08, 2019 1:00 am http://managersofwealth.com/article/71916/real-estate-update-ampndash-a-lot-can-happen-in-a-few-wework-weeks In London especially there are several up and coming competitors including FORA, backed by property specialists Delancey. Alternative Investments Fed-up board threatens to sack Jupiter from UK Growth trust News Aggregation Team Monday, October 07, 2019 1:00 am http://managersofwealth.com/article/71882/fed-up-board-threatens-to-sack-jupiter-from-uk-growth-trust Jupiter Fund Management faces dismissal from second investment trust in a week after board of small, poorly performing Jupiter UK Growth announces it is looking for ‘alternative arrangements’. Alternative Investments KB associates secures Investment from ECI Partners News Aggregation Team Monday, October 07, 2019 1:00 am http://managersofwealth.com/article/71885/kb-associates-secures-investment-from-eci-partners ECI’s investment will allow the Company to continue to attract and develop the best talent in the industry while simultaneously sustaining the ongoing expansion of its product offering. Alternative Investments Tokio Marine Buys U.S. HNW Insurer in Multi-Billion Deal News Aggregation Team Friday, October 04, 2019 1:00 am http://managersofwealth.com/article/71821/tokio-marine-buys-us-hnw-insurer-in-multi-billion-deal The deal is expected to close in the first quarter next year. Alternative Investments 5 Insanely Expensive Disney Merchandise Ultra-Wealthy Guests Can Purchase Right Now News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72115/5-insanely-expensive-disney-merchandise-ultra-wealthy-guests-can-purchase-right-now And though Disney merchandise has always had a reputation for being expensive, some items have recently been released at Walt Disney World that really push the envelope when it comes to price. Extremely Expensive How to catch an Uber Helicopter between New York and JFK airport News Aggregation Team Wednesday, October 09, 2019 1:00 am http://managersofwealth.com/article/71951/how-to-catch-an-uber-helicopter-between-new-york-and-jfk-airport Uber's helicopter service between lower Manhattan and JFK Airport is now available to any Uber user. Extremely Expensive 15 fancy car options that are more expensive than most cars News Aggregation Team Thursday, October 03, 2019 1:00 am http://managersofwealth.com/article/71793/15-fancy-car-options-that-are-more-expensive-than-most-cars For the few fortunate ones among us even the most expensive of motors isn't complete without a few extortionately priced optional extras Extremely Expensive A Glorious Burgundy Collection News Team Thursday, October 03, 2019 1:00 am http://managersofwealth.com/article/71816/a-glorious-burgundy-collection Upcoming Auctions Extremely Expensive Woman discovers renaissance era painting worth millions in her kitchen News Aggregation Team Tuesday, October 01, 2019 1:00 am http://managersofwealth.com/article/71715/woman-discovers-renaissance-era-painting-worth-millions-in-her-kitchen Much to the surprise of the auctioneer and the lady, the dusty and almost tattered painting turned out to be a handiwork of Cenni di Pepo, also known as Cimabue, a 13th-century Florentine painter famous for mentoring Giotto. Extremely Expensive Benromach Distillery unveils exclusive 50-year old single malt whiskey News Aggregation Team Tuesday, October 01, 2019 1:00 am http://managersofwealth.com/article/71724/benromach-distillery-unveils-exclusive-50-year-old-single-malt-whiskey The Benromach 50-year has been matured for half a century in cask no. 2003, an ex-Sherry Hogshead after being laid there in the year 1969. Extremely Expensive Swiss to auction 25 supercars seized from son of Equatorial Guinea dictator News Aggregation Team Sunday, September 29, 2019 1:00 am http://managersofwealth.com/article/71667/swiss-to-auction-25-supercars-seized-from-son-of-equatorial-guinea-dictator Luxury cars seized from vice president Teodorin Obiang Nguema are expected to fetch $18m at Geneva auction Extremely Expensive 10 Most Expensive Toys Available On Amazon In 2019 News Aggregation Team Sunday, September 29, 2019 1:00 am http://managersofwealth.com/article/71668/10-most-expensive-toys-available-on-amazon-in-2019 Some toymakers have gone into the field of making collectibles and only grown-up kids buy these. Extremely Expensive 11 vintage cars that make particularly good investments News Aggregation Team Sunday, September 29, 2019 1:00 am http://managersofwealth.com/article/71670/11-vintage-cars-that-make-particularly-good-investments But there are certain cars that defy this trend. Their values increase with age. Extremely Expensive Top Ten Wines for the Pioneering Collector News Team Friday, September 27, 2019 1:00 am http://managersofwealth.com/article/71650/top-ten-wines-for-the-pioneering-collector From this collection of magnificent wines, Serene Sutcliffe MW highlights her personal top ten selections. Extremely Expensive Nearly half of young HNWIs are switching wealth managers News Aggregation Team Tuesday, October 15, 2019 1:00 am http://managersofwealth.com/article/72083/nearly-half-of-young-hnwis-are-switching-wealth-managers In order to create this marketplace-styled wealth manager of the future, the report says firms “can and should develop partnerships to provide these services rather than attempting to deliver capabilities in-house.” Research Model Portfolio Market Reaches $2.7 Trillion USD, Growing 19% Annually, According to Broadridge News Team Monday, October 14, 2019 1:00 am http://managersofwealth.com/article/72053/model-portfolio-market-reaches-27-trillion-usd-growing-19-annually-according-to-broadridge A survey of 500 advisors conducted by Broadridge found that advisors plan to rely more on model portfolios as their clients' business needs become more complex. Research Tech Entrepreneurs Dominate Hurun China Rich List 2019 News Team Friday, October 11, 2019 1:00 am http://managersofwealth.com/article/71994/tech-entrepreneurs-dominate-hurun-china-rich-list-2019 It's part of a very conscious decision by the Chinese government to try and restructure the economy. Research Best Family Destinations In Europe In The Year 2019 News Aggregation Team Friday, October 11, 2019 1:00 am http://managersofwealth.com/article/72023/best-family-destinations-in-europe-in-the-year-2019 If you are looking forward to taking your kids out for an unforgettable holiday experience, Europe is the budget-friendly and fun place, to begin with. Research 7 defining differences between the ultra-wealthy and the 'millionaires next door' News Aggregation Team Friday, October 11, 2019 1:00 am http://managersofwealth.com/article/72002/7-defining-differences-between-the-ultra-wealthy-and-the-amp039millionaires-next-dooramp039 Millionaires' fortunes are more stable than those of the ultra-wealthy, in part because of their investment choices. Research Rich People and Wealth in Africa News Aggregation Team Friday, October 11, 2019 1:00 am http://managersofwealth.com/article/72006/rich-people-and-wealth-in-africa The report finds that there are twenty-three billionaires living in Africa. Research Mumbai 12th wealthiest city in the world, New York number one with 65 billionaires News Aggregation Team Friday, October 11, 2019 1:00 am http://managersofwealth.com/article/72027/mumbai-12th-wealthiest-city-in-the-world-new-york-number-one-with-65-billionaires Delhi is on 22nd position and second Indian city after Mumbai on New World Health's 'The Wealthiest Cities Worldwide in 2019' list. Research Global Market Insights by WHIreland News Team Wednesday, October 09, 2019 1:00 am http://managersofwealth.com/article/71952/global-market-insights-by-whireland It would now seem as though they are in ‘pause mode’ and that the members are becoming divided over the next direction of action. Research UK Retail Investors Switch Wealth Managers due to Poor Digital Experience News Team Wednesday, October 09, 2019 1:00 am http://managersofwealth.com/article/71962/uk-retail-investors-switch-wealth-managers-due-to-poor-digital-experience A strong digital proposition is a necessity for any organisation offering wealth management services and not a luxury. Research Coming soon: the £1m school fees News Aggregation Team Monday, October 07, 2019 1:00 am http://managersofwealth.com/article/71877/coming-soon-the-amppound1m-school-fees A private education for two children now tops £900,000 — a 50% leap in 15 years that is pricing out the middle class Research Marriott to add Luxury Collection property in Saudi Arabia News Aggregation Team Wednesday, October 16, 2019 1:00 am http://managersofwealth.com/article/72112/marriott-to-add-luxury-collection-property-in-saudi-arabia Guests will be able to choose from multiple dining options including a Café Lounge along with Argentinian and Mediterranean specialty restaurants. Executive Travel Inaugural Charity Gala to headline Kata Rocks Superyacht Rendezvous 2019 News Aggregation Team Monday, October 14, 2019 1:00 am http://managersofwealth.com/article/72037/inaugural-charity-gala-to-headline-kata-rocks-superyacht-rendezvous-2019 International SeaKeepers Society Asia is back for the second consecutive year, together with Phuket-based Oceans for All, and will host an ultra-exclusive charity gala event on Saturday, Dec 14. Executive Travel Lake District luxury spa hotels that are perfect for an indulgent Autumn retreat News Aggregation Team Monday, October 14, 2019 1:00 am http://managersofwealth.com/article/72039/lake-district-luxury-spa-hotels-that-are-perfect-for-an-indulgent-autumn-retreat These lakeside spa breaks have hot tubs, saunas, pools and treatments and are surrounded by gorgeous scenery Executive Travel Latest Guernsey Green Fund focuses on onshore wind farms News Team Monday, October 14, 2019 1:00 am http://managersofwealth.com/article/72051/latest-guernsey-green-fund-focuses-on-onshore-wind-farms It is the manager’s third Guernsey fund, having previously launched a similar UK onshore wind fund and a fund focused on industrial water treatment, waste to energy and resource recovery infrastructure projects. Executive Travel Emirates' Boeing 777 first class private suites News Aggregation Team Friday, October 11, 2019 1:00 am http://managersofwealth.com/article/72016/emiratesamp039-boeing-777-first-class-private-suites Step inside the world's only first class cabin with walls and closing doors that stretch from the floor right up to the ceiling. Executive Travel 92% of business travellers prefer break from old routine News Team Wednesday, October 09, 2019 1:00 am http://managersofwealth.com/article/71959/92-of-business-travellers-prefer-break-from-old-routine CWT’s research also shows that developing trust (39%), getting to know people better (32%), and efficiencies (31%) are the top three benefits of meeting with people in person for travelers worldwide. Executive Travel On your platter: Cathay Pacific is world’s first airline to serve plant-based ‘pork’ News Team Wednesday, October 09, 2019 1:00 am http://managersofwealth.com/article/71965/on-your-platter-cathay-pacific-is-worldamprsquos-first-airline-to-serve-plant-based-amplsquoporkamprsquo For the entire month of October 2019, business class passengers can enjoy OmniPork Bolognaise with Garganelli pasta on all long-haul flights departing from Hong Kong. Executive Travel The 10 Most Expensive Train Journeys You Can Take In 2019 News Aggregation Team Monday, October 07, 2019 1:00 am http://managersofwealth.com/article/71873/the-10-most-expensive-train-journeys-you-can-take-in-2019 But riding through the countryside in style doesn't always come cheap. Executive Travel NYC Luxury: The Best Hotels In New York City For Business Travelers, 2019 News Aggregation Team Friday, October 04, 2019 1:00 am http://managersofwealth.com/article/71833/nyc-luxury-the-best-hotels-in-new-york-city-for-business-travelers-2019 Ruled predominantly by large corporates and conglomerates, Plaza Hotel is another one in the list which is in proximity to the best places in New York City. Executive Travel Customer experience is essential to client retention: Magellan Jets owner News Aggregation Team Wednesday, October 02, 2019 1:00 am http://managersofwealth.com/article/71759/customer-experience-is-essential-to-client-retention-magellan-jets-owner “When dealing with a luxury consumer, it’s about being able to back up your promises when things go wrong and come back with solutions, not excuses.” Executive Travel How to help spell out ESG in the wealth sector News Aggregation Team Friday, October 11, 2019 1:00 am http://managersofwealth.com/article/72025/how-to-help-spell-out-esg-in-the-wealth-sector With more HNWs look towards green investing, firms need to open ‘active dialogues’ with clients Planet SOS Standard Chartered Launches Sustainable Deposit Solution News Team Wednesday, October 09, 2019 1:00 am http://managersofwealth.com/article/71944/standard-chartered-launches-sustainable-deposit-solution This follows what the bank claims to be the world’s first SDG deposit product launched in Europe by Standard Chartered in May 2019. Planet SOS Solid foundations in place and rapid progress made – Guernsey’s self-assessment on green and sustainable finance published News Team Wednesday, October 09, 2019 1:00 am http://managersofwealth.com/article/71950/solid-foundations-in-place-and-rapid-progress-made-ampndash-guernseyamprsquos-self-assessment-on-green-and-sustainable-finance-published The report identifies that Guernsey has moved quickly, through the creation of Guernsey Green Finance Planet SOS Carbon offsetting: the frequently asked questions News Aggregation Team Wednesday, October 09, 2019 1:00 am http://managersofwealth.com/article/71954/carbon-offsetting-the-frequently-asked-questions Here are some of the most commonly-asked questions about carbon accounting. Planet SOS Can Civilization Survive What’s Coming? News Aggregation Team Wednesday, October 09, 2019 1:00 am http://managersofwealth.com/article/71963/can-civilization-survive-whatamprsquos-coming The new IPCC report on climate change will fill you with existential dread — rightfully so Planet SOS Investors struggle to make US companies change tack on climate change News Aggregation Team Monday, October 07, 2019 1:00 am http://managersofwealth.com/article/71874/investors-struggle-to-make-us-companies-change-tack-on-climate-change Number of shareholder-backed environmental proposals tumbles Planet SOS Companies struggle to digest ‘alphabet soup’ of ESG arbiters News Aggregation Team Sunday, October 06, 2019 1:00 am http://managersofwealth.com/article/71867/companies-struggle-to-digest-amplsquoalphabet-soupamprsquo-of-esg-arbiters Awareness builds that a standardised reporting approach is needed in battle to fight climate change. Planet SOS The unsustainable sustainable investing boom News Aggregation Team Sunday, October 06, 2019 1:00 am http://managersofwealth.com/article/71854/the-unsustainable-sustainable-investing-boom According to the Global Sustainable Investment Alliance, over $30.7 trillion of assets globally in 2018 were invested using environmental, social or governance (ESG) criteria, a 34 per cent increase from 2016. Planet SOS Can the global investment industry meet Greta Thunberg’s challenge? News Aggregation Team Friday, October 04, 2019 1:00 am http://managersofwealth.com/article/71827/can-the-global-investment-industry-meet-greta-thunbergamprsquos-challenge How should groups respond to the impassioned speech by the young climate activist? Planet SOS How are banks doing on sustainable finance commitments? Not good enough News Aggregation Team Friday, October 04, 2019 1:00 am http://managersofwealth.com/article/71830/how-are-banks-doing-on-sustainable-finance-commitments-not-good-enough World Resources Institute’s new Green Targets Tool shows that only 24 of the 50 largest private-sector banks have made a sustainable finance commitment — and the targets vary considerably. Planet SOS Is Bill Gates Right On Energy Investing? News Aggregation Team Tuesday, October 08, 2019 1:00 am http://managersofwealth.com/article/71925/is-bill-gates-right-on-energy-investing Gates told the Financial Times, in essence, that investors who want to do something about climate change should stop making up lists of companies they do not want in their portfolios Health & Wellness Are new EU climate benchmarks fit for purpose? News Aggregation Team Friday, October 04, 2019 1:00 am http://managersofwealth.com/article/71826/are-new-eu-climate-benchmarks-fit-for-purpose EU guidelines on how firms report climate information could help eradicate greenwashing Health & Wellness Regent responds to wellness interest with fleet-wide spa and fitness brand News Team Thursday, October 03, 2019 1:00 am http://managersofwealth.com/article/71792/regent-responds-to-wellness-interest-with-fleet-wide-spa-and-fitness-brand Serene Spa & Wellness was created for Regent’s upcoming Seven Seas Splendor ship, which will make its first trip next February. Health & Wellness Can you discriminate against vegetarians or vegans? News Team Thursday, October 03, 2019 1:00 am http://managersofwealth.com/article/71804/can-you-discriminate-against-vegetarians-or-vegans This was the question that Employment Judge Postle had to grapple with in the recent case of Conisbee v Crossley Farms Limited. Health & Wellness SS&C Health Launches Cardio Wellness Network News Team Thursday, October 03, 2019 1:00 am http://managersofwealth.com/article/71813/ssampampc-health-launches-cardio-wellness-network Kroger Health joins pharmacy network to improve adherence, member engagement and reduce total cost of care Health & Wellness Cheers to flavonoids: These health foods mostly benefit smokers, drinkers News Aggregation Team Sunday, September 29, 2019 1:00 am http://managersofwealth.com/article/71662/cheers-to-flavonoids-these-health-foods-mostly-benefit-smokers-drinkers Participants with higher flavonoid intake consumed more dietary fibre and less red meat and processed meat. Health & Wellness Where to find health-conscious hotels News Aggregation Team Friday, September 27, 2019 1:00 am http://managersofwealth.com/article/71648/where-to-find-health-conscious-hotels Respect your wellbeing by staying at hotels that go the extra mile to look after you. Health & Wellness Global Wellness Summit announces agenda News Aggregation Team Friday, September 27, 2019 1:00 am http://managersofwealth.com/article/71651/global-wellness-summit-announces-agenda Global hospitality brand Hyatt is this year’s host sponsor. Health & Wellness Key To Life: The Secrets to a Long Life Expectancy News Aggregation Team Wednesday, September 25, 2019 1:00 am http://managersofwealth.com/article/71591/key-to-life-the-secrets-to-a-long-life-expectancy Compare the Market reveal the five factors that have the strongest correlation with a high life expectancy in all nations across the world. Health & Wellness This upcoming cruise ship will be solely focused on fitness and will have an entire deck for sports and exercise News Aggregation Team Tuesday, September 24, 2019 1:00 am http://managersofwealth.com/article/71549/this-upcoming-cruise-ship-will-be-solely-focused-on-fitness-and-will-have-an-entire-deck-for-sports-and-exercise A Sports Deck will stretch from bow to stern Health & Wellness