Managers of Wealth

JPMorgan's Jimmy Lee, a legendary rainmaker, dies

Lee was one of the first bankers to break up big corporate loans into small pieces to sell to other banks, an innovation that helped fuel the leveraged buyout boom of the 1980s.

Merrill to Ready Clients for Account Changes

Merrill Lynch is preparing to send a missive to clients, saying that any fee-based accounts not transitioned onto its new advisory platform–Merrill Lynch One–by year’s end will be converted into commission-based accounts, Wealth Adviser

Weaker Rand Won’t Stop South Africa’s Rich List From Growing

A weaker South African Rand will not hamper the growth of the country’s rich list

UK's first new private bank in 30 years opens doors

The UK's first private bank launch in 30 years has been given the regulatory green light.

Ex-UBS director speaks of Latin American network

Gibaud told Argentina’s state news agency Telam, that some thirty individuals were involved in recruiting Latin American clients in Argentina.

Wealth Specialist Ledbury Rebranded

Continues to operate from the London office under the new brand.

Jamaica pushes as home to HSBC HQ

British banking giant, HSBC, is considering relocating its headquarters out of the UK, and one Caribbean state is now vying for the spot

Mirabaud Confirms its Commitment to the GCC

Mirabaud Asset Management, the investment management arm of the Mirabaud Group, is bullish on the growth of GCC equities

Guernsey private wealth news

Review of recent Guernsey private wealth news and details of our upcoming events.

Three Strategic Components Often Needed To Build A Remarkable HNW Professional Practice

The wealthy constitute one of the most lucrative markets for a broad array of professionals such as financial advisors, insurance agents, lawyers, business coaches, bankers, and accountants.

Persistent Industry Challenges and Needs of Younger HNWIs Are Changing the Role of Wealth Managers

Wealth managers and firms need to evolve to meet the complex needs of their clients or risk losing business

Schroders launches BSP Credit strategy on GAIA platform

Investing primarily in global high yield corporate credit with a focus in the US, the fund will aim to generate attractive risk-adjusted returns in both up and down markets and provide investors with an absolute return of 5-7% per annum.

Wealth Managers Should Go Digital to Tap $222 Trillion, BCG Says

The wealth management industry has arrived at an inflection point. While one group of players seems to be guarding the status quo, another group is seizing the moment.

Key Leadership Traits for Family Business Successors

Hard work and education can help strengthen these qualities in your clients

Wealth transfer concerns dog shared-risk design

As an alternative defined benefit plan, a relative few sponsors have introduced a shared-risk design of variable or flexible benefits,

Westpac trims stake in wealth manager

Westpac, one of Australia's big four banks, has announced it will pare its stake in wealth manager BT Investment Management as it continues its drive to shore up capital.

12 ways to break into private banking in Asia

You want to become a private banker, you want to manage your own clients in Asia’s rapidly expanding wealth sector.

United Capital picks up StanCorp group with $574 million

After acquiring several investment advisers over the past decade, Stancorp decided to sell its private client group

L&G Said to Seek Buyers for French Insurance, Private Bank Units

Legal & General is understood to be considering a sale of its Cofunds platform, just over two years after it sealed a deal to take full ownership.

HSBC, JPMorgan may move parts of businesses to Luxembourg - The Times

The banks are also considering the tougher rules imposed by the European Union for conducting business outside of the eurozone

Wealth and Asset Management