09/23/2015
Close Brothers could enter 'robo-advice' space by 2017
Following Nutmeg's move to offer advice, wealth managers have taken to robo-advice in order to capture smaller clients.
Wealth and Asset Management
09/23/2015
How wealth firms can attract UK entrepreneurs
This is the view of Christian Fringhian, a partner at Reyl & Cie, who believes the time is ripe for non-investment banks to enter this space and attract cross-border entrepreneurs.
09/22/2015
Swiss Bank group Julius Baer launches bank in India
The launch was deferred on account of a delay in approvals from a bevy of regulators and 'complications' in the deal
09/22/2015
Engagement more important than tech in digital disruption
Technology will continue to be used to streamline costs and improve efficiencies as well as facilitate more rigorous compliance and regulatory reporting
09/22/2015
European Wealth pays £675k for Surrey-based IFA
'The combination of uncertainties in the global markets and the underlying dynamics of the wealth management industry will continue to create meaningful opportunities for the group
09/22/2015
How UBS Spread the Pain of Puerto Rico's Debt Crisis to Clients
The Swiss bank packed pension bonds it underwrote into mutual funds it marketed on the island with a hard sell.
09/22/2015
Noah Partners with UKTI to Open Opportunities for Clients in the United Kingdom
The partnership is designed to open up opportunities for Chinese high net worth individuals in investment, philanthropy, cultural exchanges, and education in the United Kingdom.
09/22/2015
Former Private banking veteran launches wealth platform
Has launched an independent platform in Singapore serving both as an external asset manager and multi family office.
09/22/2015
Ex-Schroders Private Bank CEO joins AIM-listed investment management boutique
He joins the group to help build up its asset management capability.
09/22/2015
China grants Aberdeen Asset Management business licence
"While the asset management industry there is young and the potential huge, our vow is to avoid short-termism and focus on quality," Young said.
09/22/2015
UBS's Paula Polito and Dawn Fitzpatrick Named to the 25 Most Powerful Women in Finance by American Banker
Two UBS Group Managing Directors have been named among the 25 Most Powerful Women in Finance by American Banker magazine.
09/21/2015
The route to better wealth management
Institutes worldwide from Nyenrode in the Netherlands to the University of Chicago Booth School of Business in the US, offer a variant on these courses.
09/21/2015
Swiss boutique duo break into UK wealth market
It is due to launch in mid-October and will develop funds for institutional and family office clients.
09/21/2015
Walker Crips launches new managed portfolio service
“We operate a pragmatic ‘best-in-class’ approach, seeking to invest in companies that demonstrate a commitment to sustainability and the highest standards of corporate governance.”
09/21/2015
HSBC Set to Add 4,000 Jobs in China While Shrinking Globally
The 4,000 new hires would amount to a 30 percent increase from the 13,000 people now working for HSBC in the Pearl River Delta. By contrast, the bank plans to trim global headcount by some 50,000 over three years and reduce annual costs by up to $5 billio
09/21/2015
Cim Fund Services maintains Statement on Standards for Attestation Engagements (SSAE) No. 16 Clean Type II report four years in a row.
The value of SSAE No. 16 engagement is that it allows service organisations to have their control policies and procedures evaluated and tested (in the case of a Type II engagement) by an independent party.
09/21/2015
Julius Baer completes transfer of Merrill Lynch’s International Wealth Management business in India
By reaching this major milestone, the Group successfully concludes the global IWM integration which has considerably extended its footprint in key growth markets.
09/21/2015
Focus Partner Firm FFO Expands with Two Mergers
- FFO Opens New Office in California and Strengthens Tax Expertise -
09/20/2015
Robo-advisers mark ‘seismic’ shift in wealth management
Fund managers, banks, brokers and financial advisers all face threats to their business models from robo-advisers, which provide automated online investment services.
09/20/2015
Robo-advisers mark ‘seismic’ shift in wealth management
It is still a nascent industry but it is expanding fast.