08/22/2012
Raymond James assets under management up in July
The Private Client Group continues to perform reasonably well.
Wealth and Asset Management
08/21/2012
Wealth management a tough play for big banks
These days wealth management contributes less than 8 per cent of CBA's group earnings, less than half its relative contribution before the global financial crisis.
08/21/2012
Rich Less Likely To Donate To Charity Than Middle Class
Comparatively, the middle class, who earned between $50,000-$75,000 annually, gave out average of 7.6 percent of their income to charity that year.
08/21/2012
Barclays expands Singapore private banking team
Barclays today announced that it has set up an Independent Asset Managers team in Singapore, as it continues to capitalise on market opportunities in Asia, and further grow its private banking business in the region.
08/21/2012
Redbourne strikes upon novel novations after network switch
Bromsgrove-based Redbourne Wealth Management has found a charitable solution to the issue of transferring clients after switching networks.
08/21/2012
Succession in management reshuffle following £12.5m acquisitions
Succession Group has undertaken a management reshuffle following the £12.5m acquisition of its first five IFA firms.
08/21/2012
Record Profit Nets Jiang $308,000 Versus Dimon’s $23 Million Pay
New York-based JPMorgan last month reported a 9 percent decline to $4.96 billion following its trading loss in London.
08/20/2012
UBS Seeing Moat Of Secrecy Run Dry Vows Results To Lure Wealthy
“There used to be this moat that created a great business model for Swiss banks -- it’s gone,” said Friedman, who was hired into the newly-created CIO position by former UBS Chief Executive Officer Oswald Gruebel in March 2011.
08/20/2012
DFMs gain as affluent clients move away from private banks
Bespoke DFM firms are winning business from private banks as high-net-worth clients feel they are being squeezed out in favour of wealthier clients.
08/20/2012
UBS Starts Unit Providing Services For Quantitative Hedge Funds
The business targets startups and established funds with long-short or hedged strategies and those focused on arbitrage.
08/20/2012
Julius Baer To Reduce Rights Offer To 500 Mln Francs
Bank of America has been selling non-core business units and cutting thousands of jobs as part of its efforts to reduce costs and bolster capital.
08/20/2012
State Street's 2011 Corporate Responsibility Report Highlights Reduced Environmental Footprint, Increased Philanthropy and Volunteerism
Charitable contributions rose by 15 percent; Carbon dioxide emissions lessened by 24,500 metric tons
08/20/2012
Leeds-based law firm launches new wealth management business
The law firm has been an ambitious player in the Leeds investment scene, and it has made a number of acquisitions in the past to boost its position.
08/20/2012
UniCredit's Wealth report: Italy's clients invest short-term
They also opted for a high degree of diversification in their portfolio, in which they mostly included short-term products.
08/19/2012
Rise of secret millionaires who never make the rich lists
One of the trivial lessons from the boom is that the so-called rich lists rarely come close to the truth.
08/19/2012
Billionaires load up on gold
And it's not just billionaires loading up on the yellow metal.
08/19/2012
Pictet dismisses M&A as disruptive
A wave of consolidation has been widely forecast for Asia’s private banking industry, but whether this is a healthy development for the market remains open to conjecture.
08/19/2012
Swiss fund body sets ambitions higher
The SFA, however, sees banks’ weakened hold on the Swiss financial services industry as an opportunity for its asset management industry to flourish.
08/19/2012
Only one in eight will pay for ongoing advice, survey finds
Its survey of 2,028 people from households with incomes of more than £50,000 found that while 81% would seek financial advice, only one in eight would pay for an ongoing service.
08/19/2012
Importance of the Swiss banking sector - RESEARCH
A new study by the Swiss Bankers Association shows the key role Swiss banks continue to play in the overall economy.