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Wealth and Asset Management

02/29/2024

BLKB will achieve excellent business results in 2023 and will significantly increase the distribution

The BLKB increases the distributions to the canton and the certificate holders by around 14% and at the same time substantially strengthens its own funds.

02/29/2024

St. James's Place Full Year Results 2023

Robust underlying financial performance impacted by one-off provision

02/29/2024

Hong Kong budget: Paul Chan has pulled all stops, but has city done enough to secure asset and wealth management hub status?

City should focus on controllable factors and build on its unique advantages: HKIFA

02/28/2024

EFG publishes agenda for its Annual General Meeting 2024

Shareholders can attend the Annual General Meeting (AGM) in person in Zurich or they can vote online or by granting a power of attorney and issuing voting instructions to the independent proxy.

02/28/2024

Apollo looks to credit and wealth to grow third-party fundraising

Jim Zelter, Apollo's co-president, spoke Monday at the UBS Financial Services Conference about opportunities in the wealth channel.

02/28/2024

SJP sets aside £426mn for potential ongoing advice refunds

Following this discovery, SJP has made a provision for potential client refunds to address this.

02/28/2024

Advisers say digital wealth managers pushing them into retirement

Researchers working for Investec Wealth & Investment quizzed 100 IFAs and financial planners

02/28/2024

Cetera and Wealth Access launch joint venture

A partnership between Cetera and Wealth Access unites digital banking, trust, and brokerage.

02/28/2024

LLB Switzerland with the best result in its history

LLB Switzerland closed the 2023 financial year with a profit of CHF 33.8 million

02/28/2024

Chairman of the Board of Directors of Glarner Kantonalbank has died

Martin Leutenegger has been Chairman of the Board of Directors of Glarner Kantonalbank since 2008.

02/28/2024

Zurich IAM launches gold arbitrage strategy

Calliopa Capital partners with CAT Financial Products and precious metals investment house Goldstream Global to launch the actively managed certificate.

02/28/2024

Private investors and wealth managers becoming keener on investment trusts again

216 investors quizzed for the annual UK Investment Trust Study.

02/27/2024

How to avoid FCA's crackdown on wealth management non-compliance

In a wealth management data survey, the FCA asks a number of questions

02/27/2024

Enhancing Client Satisfaction through digitalization: the vital mandate for wealth management institutions

These factors have opened opportunities for alternatives to current wealth management providers.

02/27/2024

Citibank Singapore Opens Two New Wealth Centres

New locations in One Holland Village and Parkway Parade ready to serve clients closer to their homes and complement main Orchard hub

02/27/2024

Abrdn reveals a fifth of advice jobs cut and 50% write-down

Asset manager merges Abrdn Financial Planning, whose value almost halved in 2023, with Interactive Investor.

02/27/2024

Former Octopus Investments duo launch own advice firm

While at Octopus, Wood ran London City, managing a team of 11, while Payne looked after distribution in the South East of England.

02/27/2024

Bellevue reports market-driven decrease of net profit

Although the global financial markets were remarkably positive, Bellevue’s key market in the healthcare sector generated once again a below-average market performance.

02/27/2024

EQT raises €22bn for PE flagship boosted by private wealth interest

The 10th iteration of the firm’s private equity fund managed to raise 40% more capital than its predecessor.

02/27/2024

Abrdn CEO defends turnaround plan: ‘Headwinds have been stronger than I anticipated’

Bird, who dubbed himself the 'reset guy' when he became Abrdn CEO in 2020, said the asset manager was better diversified than it was three years ago

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