Managers of Wealth

Raymond James says Nov financial AUM reached $77.8 billion

Client assets under administration reached a record of $608.1 billion, reflecting growth of 20 percent over November 2015 and 1 percent over October 2016.

Wall Street holiday parties are back...but don't tell anyone

Some investment banks stopped sponsoring corporate holiday parties altogether, advising individual teams to use their own budgets for more intimate gatherings.

Justin Urquhart Stewart's share tip for 2017 and why he backs the banks

He also has his 2017 tip of the year, advice for income seekers and FTSE 100 prediction.

Voices 5 megatrends that are reshaping wealth management

This number is projected to increase, spurred by the powerful U.S. economy

ZEDRA announces the acquisition of Luxembourg corporate trust service firm

The acquisition will increase ZEDRA’s size to nearly 380 staff worldwide.

IHT Wealth Management and US Wealth Management Announce Partnership and Strategic Transition Plan to Combine Firms

Phased Process to Position Combined Firm for Continued Growth through Enhanced Scale, Resources and Expertise

Mysterious times: 2017's challenges for wealth and fund firms

In a report on the industry, EY highlights eight key areas of focus next year.

UBS' World-Largest Trading Floor Up For Sale

The 13-story building next to Stamford's Metro train station is nearly empty now, shoulders a nearly $150 million mortgage, and has become symbolic for the decline of Wall Street as much as for UBS' near-collapse.

Quilter Cheviot’s Managed Portfolio Service Marks 15 Year Anniversary

Quilter Cheviot first launched its MPS Growth, MPS Balanced and MPS Income strategies on 28 September 2001.

Israeli bank sells Swiss private banking arm

The acquisition of FIBI Switzerland's business enables us to significantly increase bank's activity

Vistra Announces Acquisition

We are pleased to have reached an agreement with Vistra. For Jordans to become part of Vistra, with its wide global footprint,

Barclays named “Wealth Manager of the Year” in the Middle East

The judging panel commended Barclays for achieving its ambitious growth efforts in the region.

Praxis Fund Services (UK) assists with the launch IPO for Bellevue Asset Management AG

The investment objective of BB Healthcare Trust plc is to provide shareholders with capital growth and income over the long-term, through investment in listed or quoted global healthcare companies.

CIOT reports on PAC hearing into HNW unit

Among the areas HMRC says it is looking into are the so-called Panama Papers, footballers, overseas assets and marketed avoidance schemes.

Advent International buys minority stake in ASK Group

Founders of ASK Group, a leading investment and wealth management company, will retain the controlling stake and continue to lead the business

Hong Kong seeks private bankers for local, mainland clients

The demand for private bankers is not surprising, especially with the continued growth of the number and wealth of HNWIs in both Hong Kong and China.

Qumram celebrates three coveted RegTech award successes in private banking and wealth management

The awards awarded by banking professionals, recognizing the vendors that are best positioned to help Qumram meet mission critical business challenges

Old Mutual raises $291m in asset management listing

Old Mutual is currently undergoing a “managed separation”, which will see OMAM, as well as Old Mutual Wealth, Old Mutual Emerging Markets and Nedbank separated

Citi expands trustee services in Singapore

Citi has received a trust business license to expand its trustee services for collective investment schemes in Singapore.

Steward Partners And Raymond James Welcomed 40 New Partners In 2016: End Year With New Advisor To Join $150 Million Bethesda Team

Banner 2016 for Steward Partners in New Assets, Revenue and Locations; Firm Boasts $2.75 Billion in Recruited New Assets

Wealth and Asset Management