Managers of Wealth

Bank of America makes hay from wealth management

Hidden in the numbers released in Bank of America's second-quarter earnings report on Wednesday was a single figure - 27.6 percent - that should delight the wealth management industry.

High Net Worth Individuals Leading the Social Media Charge

Social media usage has increased dramatically over the last three years among the Affluent,

Will FCA wealth management arm spark new supervisory era?

However, they also say the level of oversight and industry experience shown by the new division will prove crucial to the regulator’s ability to supervise the sector.

British bankers earned more than the rest of the European Union put together

Figures from the EU's banking regulator showed 2,346 bankers earned more than 1m euros in the UK, compared with 739 in the rest of the EU

Goldman Beats Estimates on Investment Banking, Debt Gains

Goldman Sachs Group Inc. said earnings doubled, beating analysts’ estimates on a surge in underwriting revenue and gains from the firm’s own investments.

CEO of deVere buys UAE wealth management firm

The deVere Group's Nigel Green was officially presented as Acuma's new owner to the firm's 50-strong team at the entity's headquarters in Dubai this morning, after the deal was finalised on Friday.

China Orders Banks to Register Wealth Management Products

China's banking regulator has taken further steps to tighten its oversight of wealth management products by asking banks to register these products before selling them to the public.

Swiss Private Banks Continue to Face Headwinds - Fitch

Well Placed To Withstand Pressure

Julius Baer boosts Israel activity

Swiss private banking institution incorporates activity of Merrill Lynch's wealth management division into its TA office to strengthen presence in Israeli market

Rich Latin Americans love Miami

Itaú Private Bank International: Building on Miami’s allure to Latins

Dubai loses ground to London in battle of banking

London has strong links to the Gulf region due to its historical bonds with the sheikhdoms when they granted Britain as trucial states access

Bennelong Group appointa new wealth management head

Bennelong has stated it plans to build a national wealth management business targeted to high-net-worth clients

Nine in 10 high net worth individuals use social media

"Nine in 10 high net worth individuals use social media and 52% would like to engage with an adviser through social media," Ambrose said.

HSBC Trinkaus to sell private banking in Luxembourg

Approximately 20 employees working for the private banking business of HSBC Trinkaus & Burkhardt (International) SA are expected to transfer to VP Bank as part of the sale.

Lloyds' grip on private banking loosens as Rathbones and Investec grab UK share

The bank has some $398 billion under management globally, and was followed in the list by Barclays which runs $201.4 billion.

Wealth managers fire warning shot over ‘super clean’ fund deals

The race to secure the best priced share classes intensified earlier this month when Standard Life became the first platform to secure super clean deals.

Focus Financial Partners Receives Strategic Equity Investment

The independent, RIA industry is a growing $3.2 trillion market that continues to attract fiduciary-minded wealth managers

Citigroup 42% Profit Rise Tops Estimates

Chief Executive Officer Michael Corbat, 53, has fired thousands of workers and scaled back operations in some countries to cut costs since replacing Vikram Pandit, 56, in October.

Angel Investors Are Spreading the Wealth

The world is changing for angel investors, the ultra-wealthy looking for start-up companies to fund

Millionaires Most Concerned about Security of Their Financial Information Online

As mobile technology and social media usage increases, so, too, do concerns about the security of financial information

Wealth and Asset Management