Managers of Wealth

The $50,000 financial plan: Wealth firms target the super rich

Advisers at UBS and some other wealth management firms are now moving into this market and charging wealthier clients the equivalent of a new BMW

Swiss banking exodus: Going (HSBC), going (Generali), gone (Lloyds, ING, Santander)

Rising costs and increased scrutiny have led foreign banks to conclude exit is the best option

Singapore unlikely to overtake Switzerland in wealth management

Singapore is unlikely to overtake Switzerland as the biggest wealth centre in the world any time soon, but it should strive to play to its strength in world of global finance, Prime Minister Lee Hsien Loong has said.

DBS to expand branch network 7 fold to build SME & HNI customer business

DBS does not plan to lend to retail clients which becomes difficult in the absence of local knowledge and when the local banks are strong.

Asset managers are putting huge efforts into looking to new areas of growth - BNP

Distribution management is even more complex for asset managers having multiple fund ranges in various domiciles, as they encounter regulatory nuances across locations, in various languages and with multiple points of contact.

Axa becomes IFP lead corporate member

We welcome the support and commitment of both AXA Wealth and Architas by becoming IFP platinum corporate members.

7IM unveils revamped platform pricing after FCA forces rethink

The company will now charge 25 basis points (bps) as a platform fee for investments in its 7IM funds.

Vestra Wealth buys out Goldman

Vestra now has 22 partners and controls £3.6 billion in assets under management.

Ashcourt Rowan opens Exeter office

Wealth management group Ashcourt Rowan has strengthened its presence in south-west England

Expats rush to send more cash home from UAE as value of dirham soars

Business at currency exchanges surged by as much as 25 per cent after the dollar hit a three-year high, boosting the value of dirhams sent home by expatriates.

UBP to shed 300 jobs after Lloyds unit purchase

Union Bancaire Privee (UBP) plans to cut around 300 jobs from the international private banking arm of Lloyds Banking Group Plc which it just bought

HSBC to exit from wealth management in Korea

That leaves behind its global banking and markets business, which serves corporate clients.

Monetary Authority of Singapore sets out post FAIR adviser industry concerns

The Private Banking Advisory Group launched the Private Banking Code of Conduct in 2011

Fitch Affirms 3 Swiss Private Banks; EFG International's Outlook Revised to Stable

Fitch Ratings has affirmed Pictet & Cie's (Pictet) and Lombard Odier & Cie's (Lombard Odier) Long-term Issuer Default Ratings (IDRs) at 'AA-' and Viability Ratings (VRs) at 'aa-'. The Outlooks on Pictet's and Lom

Where Arbuthnot believes the best growth opportunity lies

Arbuthnot Latham expects to receive its full Dubai banking licence next month and is eyeing further international expansion to boost growth.

TCC responds to Clive Adamson’s speech on the FCA’s approach to supervising wealth management and private banking firms

The FCA will be delving deep into the firms they are supervising to better understand the market and understand fully the end to end process that a customer experiences.

Wealthy individuals 'see education as asset'

Wealthy Chinese are showing their appetite and spending patterns in luxury markets.

Wealthy Appetite: HNWIs gobbling up European prime property

Very few agents can go toe to toe with Beauchamp Estates on sheer net-worth-per-client.

Wealth manager apathy leaves investment trusts ‘vulnerable to corporate raiders’

This lack of demand for the funds’ shares has left them trading on wide discounts to the underlying value of their portfolios,

Edmond de Rothschild in major restructure

Following news its Paris-based fund selection chief was leaving

Wealth and Asset Management