07/22/2012
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
07/22/2012
Assets under management (AuM) grew to CHF 179 billion, an increase of 5% since the end of 2011
07/22/2012
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.
07/22/2012
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.
07/22/2012
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.
07/22/2012
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.
07/19/2012
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.
07/19/2012
China’s economy has been slowing for six consecutive quarters, leaving many investors concerned that China is heading for a hard landing.
07/19/2012
The programme is modelled on that offered to families in the US by the Institute for Private Investors, acquired by Campden last year.
07/19/2012
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.
07/19/2012
The findings are remarkably consistent, no matter the wealth or income level.
07/19/2012
Morgan Stanley’s bright spot was its wealth-management machine.
07/19/2012
Portfolio and Client Relationship Management
07/19/2012
“We have to find a way to get back to a system that has individual and collective responsibility,” he told Richard Quest.
07/19/2012
Walker Crips saw its group revenue fall by 31% during the second quarter after completing the sale of its asset management arm to Liontrust.
07/19/2012
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.
07/18/2012
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
07/18/2012
OCBC Bank won the Best Managed Board Award, and its former CEO, David Conner, also took home the Best Chief Executive Officer title.
07/18/2012
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.
07/18/2012
The survey also asked for their outlook on the best performing sector of 2012.