Managers of Wealth

The View from Goldman Sachs’ Private Wealth Unit

The bank’s ultra high net worth clients, Mossavar-Rahmani said, are “the only constituent that can afford to have a very long horizon.

The Rich Are In Control

The days of advisors independently managing vast sums for extremely wealthy investors are over.

Wealth management industry wary over year ahead

Retail investors still nursing 2008 wounds

Wells Fargo’s Wealth Unit Generates Double-Digit Earnings Growth

“2012 was an outstanding year for Wells Fargo.”

Sheffield Haworth wealth push

Recruitment consultant Sheffield Haworth, backed by Michael Spencer, is making a push into the wealth management sector

China orders banks to control wealth product risks

The China Banking Regulatory Commission said banks would also be barred from selling private equity funds

Goldman bankers set for bonus windfall as profits rise

Goldman is expected to have enjoyed a better final quarter of last year

Alternative Investment Choices of Older HNW Investors

Alternative investments help investors add diversity to a traditional portfolio of stock

American Millionaires Show Tough Love to Heirs

Leaving a legacy includes money, but it's about much more than that, PNC survey finds

UBP awaits Singapore banking licence, plans hires

UBP also added eight staff during the year to bring its Asia headcount to 26 (20 in Singapore and six in Hong Kong), around half comprising client-facing relationship managers and advisers. One executive joined from Swiss rival BSI last month and another

Kleinwort Benson Investors announce strategic partnership for U.S. market

Financial terms of the agreement were not disclosed. The acquisition is expected to be completed early in 2013, subject to customary closing conditions and regulatory approval.

Liontrust European Absolute Return Fund removed from Wealth 150

The Liontrust European Absolute Return Fund has been removed from the Wealth 150 list of our favourite funds in each sector.

Rathbones wealth inflows dip in 'challenging' 2012

Rathbones looks forward to 2013 with more optimism, although markets do remain fragile as governments, particularly in the US, the UK and the Eurozone, battle with difficult economic and financial conditions.

FATCA’s A Business Opportunity, Say Wealth Managers

FATCA and other tax information swapping laws between countries to crackdown on people not declaring their true financial status could lead to a boost in trade for wealth managers.

NAB Private Wealth best in Australia

When it comes to private banks it seems size really does matter, after NAB Private Wealth was named the best one in Australia by publication Asian Private Banker.

Mirabaud Asset Management launches multi-asset strategy

The strategy will offer flexible management on all traditional asset classes and aims for long term capital appreciation and protection in case of market losses through its reactivity and flexibility in tactical choices.

RBC Boosts Middle East Wealth Fund Assets by 20% on Risk Profile

A Royal Bank of Canada executive said the cash, stocks, bonds and other assets it holds for sovereign wealth funds in the Middle East grew by 20 percent in 2012 as the funds seek to diversify away from riskier banks.

RBC Investor Services Tops Global Investor/ ISF Beneficial Owners Survey

In this year's global survey, RBC Investor Services finished first in eight of the 12 service categories, helping to secure its number one position in the un-weighted overall ranking.

Swiss bank UBS battles against culture of arrogance

Switzerland's UBS has yet to purge itself fully of the culture of arrogance that put it at the centre of a global interest rate scandal.

Bellpenny acquires four IFA firms

Bellpenny now has 2,500 clients.

Wealth and Asset Management