Managers of Wealth

'India's 7,730 super rich own $925 bn'

India is home to as many as 7,730 ultra high net worth (UHNW) individuals whose combined wealth amounts to a whopping USD 925 billion, says a study.

Investec Global Special Situations Fund removed from Wealth 150

They focus on facts, not forecasts, looking for strong balance sheets, low debt and simple business models.

Sal Oppenheim embraces UN principles of responsible investment

At present, nine asset owners, 14 asset managers and nine professional service partners in Germany have signed up the UN PRI.

Manulife launches private wealth arm

Manulife Private Wealth's goals-based investment management approach uses a team model to leverage Manulife Asset Management's extensive experience in domestic and international institutional investment management with expertise across asset cla

UBS looks to put cap on banker bonuses

UBS is looking at capping bankers’ bonuses as the Swiss bank joins its European peers in cracking down on remuneration schemes following regulatory and investor pressure.

Barclays pay will be based on good behaviour

“Every business unit, and every individual, will have a balanced scorecard derived from the group’s, and against which they are measured. Compensation will be based on the balanced scorecard,” he explained.

AXA Wealth removes commission charges on top ups

AXA Wealth has removed its commission-related charges it retains on top-ups to reflect the fact commission will not be paid after the retail distribution review (RDR).

Asset Management Growth Stalls as Risks to Profitability Emerge - RESEARCH

The report, titled Capturing Growth in Adverse Times: Global Asset Management 2012, provides the findings of BCG's tenth annual study of the worldwide asset-management industry.

UK multi-millionaires mapped: where do the wealthy live?

WealthInsight, specialists in data on high net worth individuals, have released the latest figures on UK multimillionaires - defined as having net assets of more than US$30m - broken down by where they live.

Approaches to wealth management vary by fortune

Millionaires are most likely to seek the services of a full-service broker, but those at the very top of the wealth pyramid are looking for different types of advice, according to the latest Millionaire Corner study, $25 Million Plus Investor 2012.

Asian wealth managers optimistic about growth prospects

According to the Capgemini and RBC Wealth Management World Wealth Report 2012, the number of Asia-Pacific HNWIs hit 3.37 million in 2011, compared to 3.35 million in North America, and 3.17 million in Europe.

Deutsche Bank renews push for ultra rich clients

"A strong investment bank franchise in Asia, Eastern Europe and the Middle East gives the bank access to entrepreneurs and other wealthy individuals."

Capco whitepaper explores the wealth transfer time bomb

The paper outlines the digital demands next generation customers will present as they inherit the current population’s wealth in just a few years.

Germany’s oldest privately owned bank to expand in US

Germany’s oldest privately owned bank is seeking to add sales staff to its two-strong New York office, as the head of its UK operations suggested that US investors could return to European equities “very quickly” in the right conditions.

Brooks Macdonald readies for RDR with £4.4m acquisition

Pre-tax profit was £8.5m on revenue of £53.3m compared to £7.3m off £52.2m a year earlier.

AFH Financial buys IFA firm

"IFA adviser numbers have also grown from 53 at the time of flotation last year to 91 at the start of September.

NBO tie-up with Reliance Wealth Management

National Bank of Oman has joined hands with Reliance Wealth Management to provide distinct Indian investment products to NBO's valued private banking customers.

ARC launch new Charity Indices

The ARC Charity Indices allow charity portfolio performance to be compared versus a realistic and sizable peer group of charities whose portfolios have exhibited similar volatility characteristics.

Credit Suisse clients may withdraw $37 billion over tax in next few years

Credit Suisse could see clients in western Europe withdraw up to a net $37 billion in the next few years as Switzerland bows to pressure to stop foreigners using secret offshore accounts to evade taxes.

BNP Paribas Wealth Management scores top marks in Private Banking Poll

These results, in a recognised industry standard, have improved since last year and represent the bank's ability to serve private banking clients.

Wealth and Asset Management