06/18/2012
Many advisers not ready for RDR regime
At the same time, firms will have to change the way they describe their advice – choosing to declare their range of services as either “restricted” or “independent”.
Wealth and Asset Management
06/18/2012
Wealth managers defy gloom to splash out on headcount
Wealth managers are on a hiring spree as they seek to take advantage of a steady rise in the number of millionaires across the world despite the economic environment.
06/15/2012
SNB Urges Credit Suisse, UBS to Build Capital as Crisis Worsens
The comments come as eurozone troubles continue to heat up and the Swiss National Bank admitted that economic and financial conditions in the country’s banking and mortgage sectors have deteriorated since June 2011.
06/15/2012
EQT establishes Private Wealth division
Rimmer, most recently chief executive officer of adviser group Financial Services Partners, will take responsibility for the strategy and business development of EQT's new division.
06/15/2012
India replaces Spain as top 10 wealth market - Datamonitor
Despite continued setbacks in the global wealth market, affluent individuals will rise by 20 million per year, and India will continue to climb within the top 10 wealth markets list, research by Datamonitor has suggested.
06/14/2012
Expats ‘chasing their fortunes’ in China
Sixty-nine per cent like the career advancement the country offers them, while a much lower proportion enjoy the exciting culture (48 per cent) and the Chinese people (43 per cent).
06/14/2012
Smith Barney unit to be called Morgan Stanley Wealth Management
Speaking to investors at the company's U.S. Financials Conference in New York, Mr. Gorman for the first time acknowledged a name change for the brokerage will occur.
06/14/2012
HK regulator bows to private banking demands
Private bankers in Hong Kong had sought rule changes to address concerns that the city is falling further behind Singapore – the leading Asian wealth management centre – particularly as more wealthy Chinese look to move their money outside the
06/14/2012
EQT establishes Private Wealth division
Equity Trustees Limited has established a Private Wealth Services division under the leadership of newly recruited executive, Geoff Rimmer.
06/14/2012
Charles Stanley profits drop 37% on euro woes
Charles Stanley, the stockbroking and investment management group, reported pre-tax profits fell 37% to £8.5m for the year ended 31 March 2012.
06/13/2012
China's Rich Top Asia in Collectibles Ownership, Barclays Says
Only 19% of treasure assets - which include items such as precious jewellery, fine art, antique furniture, classic automobiles and precious metals - are held for financial motivations , according to the latest report in the Wealth Insights series from Bar
06/13/2012
RBC eyes emerging markets wealth management deals
The business, located in Europe, the Middle East, Latin America and Asia, is expected to cost $1.5-$2 billon.
06/13/2012
UBS, JP Morgan take top prizes at Extel awards
The awards, some of the most coveted prizes in the UK financial industry and presented in London's opulent Guildhall, are voted for by more than 14,000 individuals across the market.
06/13/2012
TMF Group sponsors Malaysian Wealth Management Forum
The Wealth Management Forum is hosted by Hubbis, an independent provider of editorial content and training for the wealth management industry in Asia. The forum is the leading event of its kind in Malaysia, and dedicated to the wealth management and priva
06/13/2012
The collapse of American wealth, in one chart
A great deal of the drop came from the collapse of housing wealth after the bubble burst — median home equity dropped 42 percent between 2007 and 2010.
06/13/2012
Bankers Launch Innovative Retreat for Burned Out Executives
The Legacy Process provides coaching and runs a week-long residential Legacy Retreat held in the bucolic environs of the Mornington Peninsula, Australia.
06/13/2012
UAE-based Wealth Management company opens Switzerland office
Having been in the financial services industry for over 7 years and previously in charge of Geneva for Guardian Wealth Management, Aaron Pacitti is well placed to take on the role of Senior Vice President at Globaleye SARL.
06/13/2012
Financial Advisory Team Leaves Morgan Stanley Smith Barney
The team at Adams Wealth Advisors has over 35 years of experience in the financial services industry and is confident in the positive outcomes that will arise from this move.
06/13/2012
Walker Crips profit dips
Net revenue (gross profit) down 2.8% to £14.57 million (2011: £14.99 million)
06/13/2012
China's wealth management industry has bright future
The wealth management industry has huge potential in China, but it needs to learn from international experience, China's top securities regulator said recently.