10/06/2013
Fidelity launches Undiscovered Talents fund for HNW clients
Fidelity said the launch does not represent a full-scale move towards providing new funds for its direct customer base
Wealth and Asset Management
10/03/2013
Wealth Management Mergers 'Inevitable'
UBS yesterday vehemently denied reports in DataRoom that it was looking to hive off part or all of its wealth management arm.
10/03/2013
Morgan Stanley Wealth Management Suffers Big Client Asset Loss in 3Q as Advisers split
Morgan Stanley Wealth Management, the nation's largest brokerage by adviser head count, lost $8.4 billion in client assets during the third quarter, as some of its major producers took their business to competing firms.
10/03/2013
Private Banking Special: Arnaud Leclercq, Lombard Odier
Lombard Odier plans to increase its assets in the Middle East to 20 per cent of its global business by the end of 2017.
10/03/2013
RBC makes $100-million pledge
RBC president and chief executive Gord Nixon says Royal Bank's goal is to help one million kids and youth by 2018 through a wide variety of programs.
10/03/2013
RBC Global Asset Management announces September net sales of $121 million
"September proved to be another positive month for RBC Global Asset Management," said Doug Coulter, president of RBC Global Asset Management Inc.
10/03/2013
Swiss bank to shut India wealth JV
India remains a difficult market for global wealth managers, who were drawn by its longer-term prospects only to find revenues being squeezed by cut-throat competition, high staff costs and subdued markets.
10/03/2013
Macquarie deal in hand, Richardson GMP must now convince retail brokers to join its ranks
Macquarie deal in hand, Richardson GMP Richardson GMP agreed in September to pay $132-million for Macquarie Private Wealth
10/02/2013
Stanchart, DBS, HSBC among bidders for SocGen Asia private bank -sources
SocGen is selling the unit as part of wider restructuring to cut costs and boost profits
10/02/2013
Even a ‘Millionaire’ Cannot Expect Good Service At the Bank
Banks for the rich are not always better than banks for the rest of us
10/02/2013
UBS mulls options for Aust wealth management arm
Talk of proposals has emerged following a UBS management meeting in Sydney last week
10/02/2013
Skandia: half of our business is clean
Skandia has previously stated that it will not convert clients in bulk without advisers’ permission before the 2016 deadline.
10/02/2013
Private Banking Special: Pierre Masclet, Credit Agricole Suisse
Currently, revenues from the Middle East account for more than 30 per cent of the bank’s global private banking revenues
10/01/2013
KMD Private Wealth wins IFP David Norton award
Our thanks go to all those firms who continue to support this award by providing such valuable consultancy days as a prize for the winning firm
10/01/2013
Wealth gurus scoop awards
These awards reflect that we are a true wealth management business
10/01/2013
Wealth’s 80/20 Geographic Resource Reshuffle
The 80/20 rule is alive and well and taking a grip on the global business strategies of some of the leading wealth managers.
10/01/2013
Virtual FinFair: Bringing Independent Wealth Advisors Together … Virtually
On November 6, 2013, a world first will take place.
10/01/2013
Ex-Eurhythmic Dave Stewart and Former Credit Suisse CEO to Launch Global, Artist-Focused Bank
His project partner and co-chairman of First Artist Bank is Michael Philipp, the former chairman and CEO of Credit Suisse Europe, Middle East and Africa and a former senior executive at Deutsche Bank.
10/01/2013
ARC Private Client Indices
The September and Q3 2013 performance estimates for the ARC Private Client Indices and ARC Charity Indices are now available.
10/01/2013
Okla. banking company to acquire Kansas wealth management firm
BOK Financial will grow its Wichita presence a little following the Tulsa-based bank holding company’s agreement to acquire Gtrust Financial Corp.