12/16/2011
Managing wealth as an expat
While portability and flexibility are key when it comes to handling your finances as an expat, it may also pay to keep investments in a single location
Wealth and Asset Management
12/16/2011
Standard Chartered Bank to consolidate unit's private banking business
"After the incident of mis-selling, the bank had run a compliance audit and, in a bid to ease the selling process, the bank has decided to consolidate its business," said a person with knowledge of this development.
12/09/2011
Safer banks will strike balance between private gains and the common good
This is particularly true for global finance where volatility has increased, liquidity is evaporating, and the role of government is pronounced but inconsistent.
12/09/2011
Occupy protesters talk reform with banking boss
FSA chief Hector Sants holds hour-long meeting to hear views on changes to City regulation
12/09/2011
How will auto-enrolment affect advisers?
Commentators clash over pros and cons of small business delay and the implications for intermediaries.
12/09/2011
Axa Wealth pilots adviser e-letter
Helping clients stay abreast of personal finance matters is at the heart of a client-facing e-newsletter being piloted by Axa Wealth, the wealth manager has announced.
12/09/2011
Adviser anger over wealth firm's annuity commission share offer
The letter, seen by Money Marketing, says L&G is Axa’s annuity partner and a comparison of the two providers shows L&G would offer a higher income.
12/09/2011
Wealthy expats put S'pore on world map
The latest findings from the 2011 Expat Explorer survey revealed that Singapore is an ideal destination for expats relocating for money prospects.
12/09/2011
U.S. household wealth takes biggest hit since 2008
Household wealth, or net worth, is the value of assets like homes, bank accounts and stocks, minus debts like mortgages and credit cards.
12/08/2011
Santander's £300 sweetener
Statistically you are more likely to get divorced than switch your bank account – but Santander aims to buck this trend.
12/08/2011
Australians are the world’s richest
Golden soil and wealth for toil – Australia’s prosperity is the greatest on earth according to a new report.
12/08/2011
Ways on how advisors could help clients achieve their charitable giving goals
In this two-part series on philanthropy, we will look at both sides of the coin–what advisors can and should do, and what they should not do or should consider turning over to a philanthropic consultant.
12/08/2011
US air charter services firm's 2011 sales figures reach new high
This, coupled with full implementation of the Group’s financial cost controls and improved margins led to record breaking profit, all while delivering ongoing price reductions to our customers.”
12/08/2011
US wealth boutique continues expansion strategy
Mitchell and Jessica Horst, formerly of Morgan Stanley Smith Barney, announced their move to WWM on Friday and will anchor the Las Vegas office, located in Green Valley.
12/07/2011
Is wealth management moving toward servicing ultra-HNIs?
A study by Kotak Wealth Management and Crisil estimates that there are around 62,000 UHNIs in India as of 2010-11, which is poised to rise to 219,000 by 2015-16, reflecting a total net worth of Rs235 trillion.
12/07/2011
Hedge fund manager donates $50m to Duke University
$30 million of the $50 million will go toward scholarships for U.S. students, while the remaining $20 million will fund international students.
12/07/2011
It’s not easy being a hedge fund billionaire these days
With Obama again set to amp up the rhetoric today in Kansas, this episode is worth a look.
12/06/2011
UBS acquires equity stake in Chi-X Global
The group that UBS joins comprises BofA Merrill Lynch, GETCO LLC, Goldman Sachs, Morgan Stanley, and Quantlab Group LP. Instinet Incorporated, a Nomura Group company, remains the largest equity holder through a subsidiary company.
12/06/2011
Private banking industry is in ‘upheaval’ - UBS’s Zeltner
UBS told investors on Nov. 17 that it plans to increase the number of client advisers in its wealth unit outside the Americas to 4,700 from 4,252. Switzerland’s biggest bank adjusted its expectations for earnings and new assets as the economic slow
12/06/2011
HSBC Wealth sees double-digit 2012 equity returns
Alec Letchfield, CIO of wealth management at HSBC Global Asset Management, also told the Reuters 2012 Investment Outlook Summit that he favored hedging tail risks stemming from the euro zone crisis via a diversified portfolio, skewed towards equities.