Managers of Wealth

Another Swiss bank to drop US clients amid tax row

Coop, another retail bank, announced it had stopped doing business with its US clients.

Survey Finds 86 Percent of Millionaires Are Self-Made - Research

This year’s study found that 86 percent of millionaires are self-made and that their path to wealth, financial outlook and goals greatly impact their investment behaviors. In addition, millionaires’ outlook on the future financial environment

Julius Baer H1 net profit rise beats on cost-cutting ‎

Assets under management (AuM) grew to CHF 179 billion, an increase of 5% since the end of 2011

UK Wealth Management at the tipping point?

Since 2008, the financial sector has undergone significant upheaval. It has witnessed the demise of major market participants and experienced intense regulatory scrutiny and change.

Wealth manager to launch DFM performance comparison service

Advisers who are concerned that it is impossible to compare discretionary fund managers’ model portfolios could be about to get a solution, as a wealth manager gears up to launch a performance comparison service.

Aberdeen Asset Management client inflows slow

Aberdeen Asset Management, the UK fund manager, reported a slowdown in new client inflows in its third quarter as global economic uncertainties dampened demand for its fund products.

Mirabaud launches fund for former BlackRock star

Mirabaud Asset Management has recruited three investment analysts in London to support Daniel Tubbs to manage a long-only UCITS investment fund, which will focus on emerging market equities.

Bank Of America, UBS, Wells Fargo Top Wealth Manager Rank

Bank of America Corp. kept its lead in a ranking of the world’s 20 biggest wealth managers in 2011, while UBS AG climbed one place into second position, according to Scorpio Partnership.

Focus on emerging markets - China

China’s economy has been slowing for six consecutive quarters, leaving many investors concerned that China is heading for a hard landing.

Campden launches membership to HNW families in Asia

The programme is modelled on that offered to families in the US by the Institute for Private Investors, acquired by Campden last year.

Sesame begins roll-out of IRESS advice platform

IRESS, which principally builds and supplies wealth management systems in Australia, first entered the UK market in November last year. It secured a deal with Sesame Bankhall shortly afterwards.

What Does It Take to Feel Wealthy?

The findings are remarkably consistent, no matter the wealth or income level.

Gorman Probably Still ‘Delighted’ With Wealth Management

Morgan Stanley’s bright spot was its wealth-management machine.

Wealth Management made easy

Portfolio and Client Relationship Management

More morals needed in banking, says Singapore's finance minister

“We have to find a way to get back to a system that has individual and collective responsibility,” he told Richard Quest.

Walker Crips sees group net revenue decrease 5%‎

Walker Crips saw its group revenue fall by 31% during the second quarter after completing the sale of its asset management arm to Liontrust.

Pritchards boost helps WH Ireland assets hit £1.5 billion ‎

In the half year ending 31 May 2012, WH Ireland made a profit before tax of £0.2 million and an adjusted profit before tax of £0.5 million on turnover that increased by 10.4% to £12.6 million.

New Issue of Philanthropy Management

Government taxation of charities tends to reduce the philanthropic sector's ability to address social needs that are often not covered by government, according to Richard Schwartz, Philanthropy Management's editor. "This calls into question

OCBC's ex-Group CEO wins Best CEO title

OCBC Bank won the Best Managed Board Award, and its former CEO, David Conner, also took home the Best Chief Executive Officer title.

Temasek, SE investors set to invest in major European bank

The Swiss bank announced Sfr15.3bn ($15.65bn) of capital raising measures, including Sfr3.8bn of mandatory and contingent convertible securities, as it pushed out second-quarter results one week earlier than expected.

Wealth and Asset Management