Managers of Wealth

Private banking sector set to evolve with fintech

“Fintech applications will make a big difference.”

What does the future hold for wealth managers in Asia?

Margin erosion is partly due to fee decline and partly a result of rising costs, primarily compliance related spending.

$1.2 billon adviser team leaves Morgan Stanley for Bank of America Merrill Lynch

The group is led by Andrew Zimmerman, who's making a return to Merrill

Island of 60,000 emerges as US$265 billion US Treasuries haven

The stockpile makes the British territory, an offshore tax haven with about 60,000 residents

HNW investors expect European equities to overtake the US

This is in contrast to 2015 where over half of investors believed equities would perform the best.

UBS Group, Credit Suisse Group: Is Wealth Management the Only Hope?

As a result, the banks are cutting on their non-profitable business lines.

Rathbones partners with Credit Suisse for private office

At a group level, Rathbones announced that total funds under management rose 0.3% from £29.2 billion to £29.3 billion in the first three months of the year.

Credit Suisse Targets Rich Thais to Meet Wealth Goal

The bank is being lured by the pool of wealth held by the nation’s rich -- estimated at $456 billion in a 2015 report by Cap Gemini and RBC Wealth Management

Credit Suisse Targets Rich Thais to Meet Wealth Goal

Led by Chief Executive Officer Tidjane Thiam, Credit Suisse is seeking to double pretax income and client assets under management in the Asia Pacific by 2018.

Competitors using recent PB acquisitions to lure front line talent

Hiring one relationship manager after another is too slow in an environment where private banks are already spread so thin

What has Wealth Management got to do with Dominos Pizza? by Scorpio Partnership

With USD30 trillion of HNW assets expected to pass from the older generation by 2050, the wealth industry could be about to witness one of the greatest wealth transfers of all time.

Brown Brothers Harriman expands trust services in Hong Kong

The potential inclusion of ETFs in Stock Connect, a cross-border initiative launched in 2014 that links the Hong Kong and Shanghai stock exchanges

UBS Americas Wealth Unit Partners With Robo-Advisor

The firms will form a research lab to collaborate on new wealth management tools as part of the venture, UBS said in a press release.

Wealthy Clients Demand More Digital Services From Advisors

Firms have much catching up to do to retain clients and wealth managers

Schroders to Add Brookfield Credit Team Managing $4 Billion

The unit will join with Schroders’ ABS team in New York, and the combined group will oversee more than $8 billion, according to a statement from the company that didn’t disclose terms.

BOS aims for $137b in assets by 2020

The private bank has about 300 relationship managers

ICBC to drop comprehensive wealth management business

The financial income will be used to deduct his loan interest, according to a Beijing Youth Daily report.

Business booms for wealth managers

Award caps anniversary for firm

UK M&A boom: the top targets in Rothschild AM's new fund

The fund, which follows the same investment philosophy as the Europe Synergy fund the pair already co-manage, is around 95% invested in potential takeover targets.

‘Flighty’ millennials keen to switch out of funds

Research into generation Y has already shown that asset and wealth managers will have their work cut out to convince this new breed of investor to part with its money in the same way their parents and grandparents did.

Wealth and Asset Management