11/17/2023
Edelman Financial Engines Acquires PRW Wealth Management
This marks the fifth acquisition by EFE over the past thirteen months and continues the expansion of the firm’s wealth planning capabilities across key regions nationwide.
Wealth and Asset Management
11/17/2023
Meet the 2023 Women in Wealth Management Award Winners
The winners were celebrated today at the Excell Represent conference during the Women in Wealth Awards ceremony.
11/17/2023
Two Julius Baer Guernsey wealth managers in Citywire’s Top 100
Citywire, a financial media company offering news and analysis for financial professionals, compiles an annual list of the UK’s leading fund selectors, which is now in its 12th year.
11/17/2023
Wealth firms could see jump in fines in wake of consumer duty
After largely avoiding heavy penalties over the last few years, Oxford Risk has warned the wealth sector could see a sharp rise in fines following the introduction of consumer duty.
11/17/2023
Silchester sells down long-held stake in GAM
The UK boutique has reduced its allocation to the Swiss asset manager in the wake of NewGAMe’s deal.
11/17/2023
ADIB recognized as the Best Islamic Private Bank globally
Latest accolade is part of Private Banking Awards 2023 by Professional Wealth Management Magazine, a Financial Times publication
11/17/2023
Citi’s new wealth head sees unique prospects for growth
Andy Sieg is back again from Merrill Lynch, and has big plans for Citi’s new global wealth franchise.
11/16/2023
Steven Cohen's Point72 Asset Management Adjusts Portfolio, Notably Reduces Adobe Stake
His firm operates on a multi-manager platform
11/16/2023
EFG International: Record profitability with net profit in excess of CHF 240 million in 10M 2023
In the first ten months of 2023, EFG delivered net profit in excess of CHF 240 million.
11/16/2023
Wealth management division buoys Canaccord through another tough quarter
Inflation forcing some clients to withdraw assets to meet needs
11/16/2023
Wealth management sector pays out £3.8m in fines to FCA
The £3.8m equates to around 7% of the total £52.8m in fines imposed by the FCA in the year to date.
11/16/2023
Liontrust suffers bruising losses as clients pull £3.2bn
Pressure from failed GAM deal and its UK equity bias have hurt Liontrust, with losses amounting to £10m in six months.
11/16/2023
Baloise continues to generate growth
All national Baloise companies contributed to the growth, both in local currency terms and in Swiss francs.
11/16/2023
ZWEI Wealth launches B2B solution “Wealth Office Professional”
Third parties such as financial advisors, financial planners, trustees, multi-family offices and similar service providers can now also offer and operate a wealth office to their customers.
11/16/2023
Credo merges with South African investment firm to aid global expansion
The combined business will provide UK investors with access to a broad range of investment solutions, and both domestic and global investment solutions to South African investors.
11/16/2023
Close keen to snap up wealth businesses as sale rumours quieten
In a quarterly trading update, Close Brothers shared that it is looking to make acquisitions and hire more staff to drive growth.
11/15/2023
J.P. Morgan AM stresses long-term advantages of 60/40 portfolios
The asset manager also highlights opportunities in alternatives and from international diversification to boost returns.
11/15/2023
Swiss private bank UBP plans Hong Kong, Greater Bay Area expansion to satisfy growing wealth-management demand, CEO says
Over the past five years, Greater China accounts for 75 per cent of UBP’s Asia growth, says Guy de Picciotto
11/15/2023
Secure messaging: the key to wealth management client engagement
There is a direct correlation between engagement and profitability.
11/15/2023
Exposure to equities leads to weak third quarter for wealth managers
Investors with greater exposure to equities struggled in the third quarter, but performed more strongly than those relying on fixed-income for 2023 as a whole