10/22/2012
Wealthy Americans Are Bailing Out Of Hedge Funds
Global assets in hedge funds now top $2 trillion, far more than the $200 billion or so run in the mid-1990s.
Wealth and Asset Management
10/22/2012
Major UK Wealth Firms In Merger Talks
"Culturally and geographically, this transaction is as good a fit as you will find in private client management," a source close to the deal said.
10/21/2012
German Bank uses art installation to display its annual report!
You know a bank is trendy when it skips the boring and extremely dull paper-based annual reports
10/21/2012
HSBC puts £400m +++ worldwide advertising business up for review
HSBC's brand is one of the great success stories of modern marketing, according to HSBC themselves .
10/21/2012
Swiss private bank to beef up as it eyes growing rich in Asia
The Asia-Pacific head for Wealth Management, said the bank gained its full banking licence last month.
10/21/2012
Bank of Singapore out to exploit mainland wealth to double portfolio
Bank of Singapore eyes rising affluence in China to double the amount under its care
10/21/2012
Number of wealthy in SA up 31%, says report
DESPITE economic uncertainty, the number of wealthy people in South Africa is rising by as much as 31%
10/21/2012
Old Mutual Global Investors outlines growth plan
Group pledges to ‘develop further’ its product range.
10/18/2012
Barclays wealth arm consults FSA over fund group admin fees post RDR
Barclays and other wealth managers will likely have to buy the clean fee share classes
10/18/2012
MFP Wealth Management first to receive British Standards certificate
The BS8577 is a work-based assessment in which the British Standards Institute visits a firm
10/18/2012
EFG International comments on performance
EFG International’s stake in EFG Financial Products has reduced from circa 58% to circa 25% as part of the successful IPO of EFG Financial Products.
10/18/2012
Private Banking Will Get More Complicated -RESEARCH
The Boston Consulting Group has made public a new study of the market for wealth management
10/18/2012
Pictet Says Tax Declaration Rules Threaten Profit
Swiss private banks may earn less if they only handle tax- declared money from European clients, HandelsZeitung cited Pictet as saying.
10/18/2012
Schroders wins top fund manager award
The event, held at Sydney's Doltone House, was hosted by the Australian Fund Manager Association for the 14th year in a row.
10/18/2012
Brooks co-founder steps down from board as FUM jumps 6.5%
As at 30 September 2012 discretionary funds under management totalled GBP £3.751 billion.
10/18/2012
Morgan Stanley’s Gorman Set to Lose $2.9 Million in Pay
Instead, Morgan Stanley has produced an ROE of less than 6 percent with one quarter remaining and ranks ninth in its peer group in terms of shareholder return, beating only Credit Suisse Group AG. Gorman, who’s criticized Wall Street pay as too hig
10/18/2012
Emerging Signs of an Uptick, but Luxury Industry not Convinced
A new report produced by Ledbury Research reveals some green shoots in wealthy consumer sentiment, as the outlooks of the most influential CEOs in the luxury industry continue to fall.
10/18/2012
European Wealth boosts assets £120m with adviser buyout
The company has grown its asset base from an initial £20 million to a current figure of around £500 million. Bradley Stuart last year delivered turnover of around £1.28 million.
10/18/2012
Northern Trust's quarterly net up on higher fee
Assets under custody rose 14% to $4.761 trillion while assets under management increased 16% to $749.7 billion.
10/18/2012
Deutsche Bank Private Wealth Management joins Suggestus
Following an extensive due diligence process, DB PWM has also been awarded the ARC Approved Due Diligence Kitemark.