05/21/2025
Close Brothers: Scheduled Trading Update
All statements in this release relate to the period from 1 February 2025 to 30 April 2025 (“the quarter”) unless otherwise stated.
Wealth and Asset Management
05/21/2025
Meet the insurgent economists promoting a global wealth tax
Gabriel Zucman is leading a movement for billionaires to pay at least 2 per cent of their net worth each year
05/21/2025
Schroders Personal Wealth finds three-quarters of people don’t understand IHT
Compounded by 40% of people not having a will
05/21/2025
Evelyn Partners aims to boost number of women receiving advice with new partnership
Only 20% said they know where to find a good financial adviser
05/20/2025
What Kingswood’s debt deal says about future of PE and advice
Since then, Kingswood has made 19 acquisitions, funded through HSQ’s equity and debt from a major asset manager.
05/20/2025
Objectway : The road ahead for wealth management: technological innovation and AI adoption as strategic imperatives
Innovation can’t wait and when it comes to AI, 8 out of 10 UK wealth management firms are planning to change theirs operating systems
05/20/2025
EY survey finds Asia wealth clients more likely to switch provider
Volatility and technology are reshaping the wealth management industry, according to the survey’s findings.
05/20/2025
Ex-Private Banker Completes Buyout of OLZ’s Hong Kong Unit
The purpose of the buyout is to further expand and strengthen the local business presence with Yong-Haron's dedicated team, enabling increased flexibility and responsiveness to clients’ evolving needs in the region.
05/20/2025
UK private banking and wealth management
Drawing on interviews with Chief Executives and senior leaders from across the PBWM sector and data from PIMFA, UK Finance, and KPMG, the report reflects a broad industry consensus on the sector’s current growth opportunities and challenges.
05/20/2025
Financial services leaders outline four key pillars to unlock UK growth potential
A new report from PIMFA, UK Finance and KPMG UK outlines four key priorities to unlock the full growth potential of the UK private banking and wealth management sector.
05/20/2025
Singapore’s wealthy want advisers to incorporate AI into offerings: survey
There is, however, a ‘measured caution’ especially in terms of data privacy, accuracy and maintaining a human touch
05/20/2025
AWAG takes 20% stake in 2 wealth firms
After less than a year as a listed entity, the Australian Wealth Advisors Group has completed two more investments into Australian wealth management firms.
05/20/2025
Consumer Duty: Wealth managers must do more to protect vulnerable customers
Some wealth firms showed good examples of efforts taken, such as in-house training to improve identification and disclosure, and improving communications through continuous learning.
05/20/2025
NBK Wealth Group relocates to its new London office
The new office, situated within NBK’s London building, offers enhanced client meeting spaces and upgraded technological infrastructure.
05/20/2025
J.P. Morgan Private Bank releases 2025 Mid-Year Global Investment Outlook
Investors must contend with deep policy uncertainty, still elevated valuations and concentration in U.S. equity markets, and persistent volatility as they anticipate whether the U.S. administration's more market-friendly proposals will come to fruiti
05/19/2025
Singapore remisiers stay relevant by adding wealth management and other financial services
An individual can be both a remisier and a financial adviser if he has the necessary qualifications and licences
05/19/2025
Wealth management firm to hold charity match at Stadium of Light
The company will be raising money for Grace House, a charity based in Southwick that supports disabled children, young people, and their families.
05/19/2025
UBS Advisor Teams in Florida Named to Barron’s Top 250 Private Wealth Teams List
The Florida Wealth Management Market is led by Market Executive Lane Strumlauf and is part of the firm’s Southeast Region, which is led by Regional Director Julie Fox.
05/19/2025
Standard Chartered: “Global Islamic Finance Assets to Surpass USD 7.5 Trillion by 2028”
36% asset growth over next four years as Islamic Banking enters new phase
05/19/2025
Half of Swiss WMs consider investment committee vote for AI
We also polled the wealth managers on equity allocations and where they see the gold price at the end of the year.