10/30/2023
Britain's wealth managers on the ropes as their own shares plummet
The biggest loser has been St James's Place, whose shares have dived by 44 per cent – or £2.6 billion – after the consumer duty regulations came into force in July.
Wealth and Asset Management
10/30/2023
The ‘great wealth transfer’ isn’t $72 trillion but $129 trillion, BofA says—and the government gave most of it to baby boomers
The investment bank isn’t alone in coming to this conclusion.
10/30/2023
HSBC: Over $40 Billion of Wealth Inflows in Asia
Asia accounted for the majority with $42 billion booked in the region.
10/30/2023
UBS completes the sale of its 51% stake in UBS Hana Asset Management to Hana Securities
The transaction has received all necessary local regulatory and other approvals.
10/30/2023
LLB will soon be in Europe's largest private banking market three times
The building is located opposite the Alte Oper and therefore in close proximity to Frankfurt's financial district.
10/30/2023
Reviving the Swiss Boutique: The Comeback of Small Private Banks
The interest rate environment was a decisive factor, leading to a marked shift in the earnings structure of private banks away from the commission business and towards the interest business.
10/30/2023
HSBC Flags China Property Worries
China’s commercial real estate sector was prominently featured, accounting for $500 million in charges for the third quarter and $800 million overall in the first nine months of 2023.
10/30/2023
Euro Credit Holdings Limited Unveils Wealth Management Platform to Transform Financial Advisory Services
Euro Credit Holdings Limited Unveils Wealth Management Platform to Transform Financial Advisory Services
10/27/2023
Ameriprise sees wealth management growth despite slowing inflows
Also reporting its results Wednesday, St. Louis-based Stifel said it had to set aside $67 million in the third quarter for legal charges mainly arising from a similar probe.
10/27/2023
Four Ways To Win The Wealth Management Game
That gives advisors who rise to the occasion an astounding opportunity to deepen their existing relationships, win new clients from those advisors who are playing not to lose and playing to play, and generate strong organic growth.
10/27/2023
Canaccord Genuity eyes Close Brothers wealth business in UK push - sources
Such a deal would be another example of consolidation in the UK's fragmented wealth management industry, driven by both corporates and financial investors.
10/27/2023
Hertford-based financial planner makes acquisition
Adding £40m to assets under management
10/27/2023
JP Morgan Asset Management Ramps Up Offerings Aimed at Wealth Channel
JP Morgan Asset Management Ramps Up Offerings Aimed at Wealth Channel
10/27/2023
Coutts’ profits drop 58% as clients demand higher-interest accounts
Deposit levels are up, but the private bank is no longer able to sustain high margins on savings as clients seek out higher-interest accounts.
10/27/2023
ZKB is Putting a Lid on its Bonuses
This will decouple the variable compensation from the profit jump for 2023, given the good half-year result.
10/27/2023
UBS: The Ermotti Connection Plays in Ticino
It's now also clear what will happen to the previous Credit Suisse boss in Ticino.
10/27/2023
Amundi bucks industry outflows as assets near €2tn
Passive funds and Asia demand stood out during the third quarter
10/27/2023
LUKB quarterly financial statements as of September 30, 2023
This means it exceeds the comparable result from the previous year by 30.1 million francs or 17.9%.
10/27/2023
FCA continues review into NatWest after 'potential regulatory breaches' identified over Coutts incident
'Failed to treat him fairly'
10/27/2023
Butterfield Reports Third Quarter 2023 Results
As higher-for-longer interest rates have developed as the most likely scenario in the near term, competition for deposits has increased across our island jurisdictions, particularly in the Channel Islands.