Managers of Wealth

Asian IAM assets to double by 2020: Julius Baer

The region’s independent asset managers are tipped to account for a significantly bigger share of investable portfolios in the coming five years, from clients within and outside Asia.

Deutsche Bank Asset and Wealth Management Unit Expects Record Inflows

Deutsche Bank's asset and wealth management unit, which was created when co-chief executives Anshu Jain and Jürgen Fitschen took the reins mid-2012, is also on track to reach its ambitious target to achieve a pretax profit of €1.7 billion n

Hyde Park Barracks inspected by Abu Dhabi wealth fund

Middle Eastern investors show interest in the home of the Household Cavalry

Julius Baer sees significant growth during 20th year in Guernsey

As a result of the increased business coming from the group, the Guernsey branch has implemented an expansion plan which includes additional recruitment.

Wealth managers need to get moving on mobile

It is no surprise that the clients of wealth managers tend to be wealthy people.

Goldman muscles in on Europe’s private banks

Goldman Sachs is expanding its European wealth management business to offer loans to rich clients in a move that is taking it further into the domain of centuries-old private banks in Europe.

Deutsche Bank’s asset arm plans to power up in Londona

Deutsche Bank’s asset management arm is planning to double the number of financial professionals it employs in London to 600 over the next five years.

Morgan Stanley eyes compensation cuts for financial advisers

Morgan Stanley wants to pay out a smaller portion of wealth management revenue to the retail brokers who generate it, the final and perhaps most difficult front in Chief Executive James Gorman's drive to reduce staff costs across the bank.

Reaching diverse consumer groups;⁬ High-net-worth consumer

Asia is now home to more high net worth (HNW) individuals (those with more than US$1 million in investable assets) than any other region.

Natixis unveils high conviction global equity fund

Today’s financial environment gives UK investors great flexibility over their pensions and savings

African Family Businesses Beat Other Emerging Markets for Corporate Governance

Businesses and families developed differently in Africa

RBC announces June Sales Results for RBC Funds and PH&N Funds

RBC Global Asset Management Inc. today announced June net sales of $673 million. Long-term funds had net sales of $804 million and money market funds had net redemptions of $131 million. Assets under management increased by 1.7 per cent.

Here’s Why Morgan Stanley Is In Two Minds About Cutting Brokers’ Pay

The move is a part of CEO James Gorman’s organization-wide cost cutting plan which targets a compensation ratio of 55% for the wealth management business – down from the division’s reported compensation ratio of 60% in Q1 2014.

European Wealth increases FUM

European Wealth's funds under management and influence grew by 24.2% to around £0.82bn in the six months to the end of June.

Succession and Vestra launch on-platform DFM

National adviser company Succession has teamed up with Vestra Wealth to offer an on-platform discretionary fund management service for its advisers, Simon Chamberlain has confirmed.

Gemini Wealth Management makes 7th acquisition

This takes the total number of acquisitions and recruitments to 7 since its inception in December 2006.

Private banks in Singapore see AUM growth

A recent report by PwC estimated that AUM in the Asia-Pacific region will more than double, between 2012 and 2020, to hit more than USD16tr, and the two Singaporean banks aim to benefit on this.

New Goldman Sachs fund takes aim at European high yield

GSAM’s corporate credit investment team also manages the Goldman Sachs Global High Yield Portfolio

Luxembourg seeks increased financial cooperation with Singapore

Luxembourg has called for increased international finance cooperation with Singapore spanning cross-border financial services, wealth and asset management.

Liontrust sees £190m net inflows in Q2

This was down from £302 million in the same period last year, although £179 million of that figure was down to the launch of its credit strategy.

Wealth and Asset Management