03/17/2013
Gen X And Gen Y Wealth Stagnates
Younger generations used to be successively wealthier, but no moreYounger generations used to be successively wealthier, but no more
Wealth and Asset Management
03/17/2013
Saffery Champness: Cultural Gifts Scheme to encourage gifts of art to museums
The new Cultural Gifts Scheme that commences on 1 April is intended to encourage gifts and donations of treasures to the nation.
03/17/2013
Hargreaves Lansdown looks at Schroder UK Alpha Plus place on Wealth 150
The Schroder UK Alpha Plus fund returned 254.4 per cent over the 10 years to 31 January.
03/17/2013
Singapore-based banks under pressure to hire more locals
Singapore, a small island-nation with few natural resources, has historically been welcoming of foreigners who tended to take up lower-paying jobs that were not popular with locals.
03/17/2013
The end of Swiss banking as we know it?
Structural change at Pictet and Lombard Odier to corporate partnerships underlines a new reality for Swiss banks. And about time too, says Scorpio Partnership.
03/17/2013
Standard Chartered: Best Private Bank for Super Affluent Clients in the UAE
The results were announced at the Private Banking Survey Awards dinner held recently in London.
03/17/2013
Raymond James Introduces New Compensation Model
Building on its tradition of providing choice for advisors seeking RIA options, Raymond James announced the introduction of a new compensation model for “RIA hybrids” effective April 1, for financial advisors with at least $100 million in disc
03/14/2013
Among Wealthiest Clients, RIAs & Multi-Family Offices Show Largest Gains
Multi-family offices, most of which are also registered investment advisors, have the added advantage of being able to provide a “high-touch level of service” to wealthy clients.
03/14/2013
UBS pays £17m 'golden hello' to the man who broke RBS
iHe is overseeing a radical restructuring of UBS which will see as many as 2000 jobs go as it reduces its investment banking activities.
03/14/2013
Morgan Stanley Gets Green Light on Deal for Wealth-Management Unit
Morgan Stanley may buy the rest of its wealth-management joint venture from Citigroup Inc.
03/14/2013
Hedge fund tycoon collects £1.7m from bet on Trinity Mirror slide
He took a £10m bet against the firm last November, although he told The Independent he "didn't dislike the company".
03/14/2013
U.S. millionaire count reaches 9 million - RESEARCH
The comeback continues for the fourth year, after millionaire households declined to 6.7 million in 2008
03/14/2013
Credit Suisse CEO plays down impact of EU, Swiss pay curbs
Some employees will probably leave London and would rather go to New York or Zurich," he said.
03/13/2013
Withers to launch new non-legal consultancy
The consultancy will be run by two acknowledged leaders in the consulting field, Kenneth McCracken and Amelia Renkert-Thomas.
03/13/2013
Bank Wealth Management Income Falls First 9 Months of 2012
Bank holding companies saw a dip in wealth management income in the first three quarters of 2012
03/13/2013
Ermotti is best paid banker at UBS
Ermotti was UBS's highest earner in 2012, pipping Americas head Robert McCann, who was the Swiss bank's top earner in 2011.
03/13/2013
Provident Bank Expands Wealth Management Services
John K. Lynch has been hired as a senior financial consultant
03/13/2013
Adviser Solutions division extends access to Managed Portfolios range
The implementation of the Retail Distribution Review has created a significant upswing in the number of IFAs partnering with DFMs.
03/13/2013
Investec Asset Management Employees Buy Stake for $269 Million
“Investec and Investec Asset Management strongly believe that institutional clients are attracted to asset management companies that have significant operational independence and alignment of incentive structures to long-term performance,” the
03/13/2013
Typical Middle Eastern UHNWI is not an oil baron
Wealth-X has released a statistical profile of the average Middle Eastern ultra high net worth individual (UHNWI) based on proprietary demographic and wealth indicators.