08/13/2024
Private banks cut DPM minimums in asset drive
Several private banks are increasingly standardising discretionary portfolios to cut costs and target smaller clients, while raising the bar for bespoke mandates.
Wealth and Asset Management
08/13/2024
FNZ sells Timeline stake for £10.2m
FNZ disposes of its stake after Timeline CEO Abraham Okusanya confirms plans to build a platform with Octopus-owned Seccl.
08/13/2024
Wealth managers risk 'baffling with science' when talking to heirs
Many younger clients now wish to start off their savings and investment on a firm footing
08/13/2024
Behind the Headlines: HL deal proof that public markets are ‘falling out of love’ with wealth management
The offer provides an immediate cash value to HL shareholders at a significant premium of 54.1% over the pre-announcement share price.
08/13/2024
Evelyn Partners delivered record H1 financial performance with a 18.3% increase in adjusted EBITDA
Record AUM of £62.2 billion, up 13.3% year-on-year and 5.2% since 31 December 2023.
08/13/2024
Pictet AM backs Swiss and Japan equities
The asset manager has downgraded eurozone equities from overweight to neutral.
08/12/2024
Charlotte wealth management firm with $1.1B in assets bought by Corient
That includes assets it acquired from Byron and Weston, Florida-based Emerald Multi-Family Office in deals that closed July 31.
08/12/2024
Are private banks still worth it?
Account holders cherish the personal touch and the feeling of belonging to an elite club — but what about the products and services on offer?
08/12/2024
RBC Wealth Management financial advisors recognized by Forbes as “Top Next-Gen Wealth Advisors”
The ranking is based on interviews, professional credentials, advisor’s compliance records, firm recognition and assets under management.
08/12/2024
Banque Havilland placed into administration
Laurent Fisch, a Luxembourg lawyer, and EY Strategy and Transactions, a consultancy, were named administrators and have taken charge of Banque Havilland’s assets.
08/12/2024
Citigroup says wealth unit to sell trust services business
The plan comes as CEO Jane Fraser is carrying out a sweeping overhaul in an effort to improve the bank's performance, cut costs and simplify its sprawling businesses.
08/12/2024
J. Safra Sarasin Triples US Rate Cut Forecast
On the selloff itself, Junius said that recent market turbulence highlighted that macro risks are shifting from inflation to growth
08/12/2024
WH Ireland aims to grow wealth management after capital markets sale
WH Ireland also took GBP2.9 million in restructuring costs, versus none the year before.
08/12/2024
Wealth managers keep their cool amid summer stock storm
Last week’s market volatility did not deter wealth managers from their course, with most prepared to wait or take advantage of share price drops.
08/12/2024
UBS: Week full of action for Ermotti and Kelleher
The positive surprise triggered a price explosion for UBS shares.
08/12/2024
WH Ireland withdraws wealth management arm sale as overall revenue falls 19%
During the year a number of potential buyers approached WH Ireland over the purchase of its WM division
08/09/2024
Private Banks Divided on Post-Selloff Call
At the beginning of August, markets momentarily slid into a free fall before a slight rebound.
08/09/2024
UBS's prestigious building: confidentiality obligation for prospective tenants
But the major bank is keeping its cards close to its chest.
08/09/2024
Record 31 J.P. Morgan Wealth Management Advisors Selected for Forbes’ Top Next-Gen List
Half of them repeat on this Forbes top ranking; three make it into the top 100
08/09/2024
Wealth Management Awards 2024 presenta Skandia
Manuel Felipe Garcia: "Investors always seek education, they seek guidance and we start from that"