10/20/2022
Change of leadership at the top of Schroders in Germany
The handover, which has been in preparation for some time, will be completed in the next few months.
Wealth and Asset Management
10/20/2022
The Society for Lifetime Planning Joins Kestra Financial
With the addition of the $600 million firm, Kestra is on track for its "best year ever."
10/20/2022
Goldman Sachs merges asset and wealth arms into $2.4tn unit
The latest changes come after the asset management arm’s revenues dropped 71% in the year to date.
10/20/2022
AUM Growth Outlook Slips for Hong Kong Wealth Managers
There is less optimism about the future of wealth management in Hong Kong this year, according to a report jointly authored by the Private Wealth Management Association and KPMG China.
10/20/2022
GAM Holding AG Releases Interim Statement for the Three-Month Period to 30 September 2022
Challenging market conditions continue to impact GAM’s assets under management
10/20/2022
UBS: Investors Unrepared for History's Biggest Wealth Transfer
With so many wealth managers available, it would seem to be a foregone conclusion that more investors would have at least some basic plan in place.
10/20/2022
UK fund managers Schroders and Jupiter's assets fall on volatile markets
Schroders said the fall in its AUM was partly driven by a decline in its Solutions segment and a 5% decline in its Mutual funds unit.
10/20/2022
Third quarter new business inflows and funds under management update 2022
This has underpinned gross inflows of £4.05 billion, only modestly lower versus a record comparative period in 2021.
10/19/2022
Fidelity International launches two funds for Howard Wright clients
Advisers at Howard Wright can blend the funds for their clients
10/19/2022
Gold Trader Philoro Increasingly Targets Swiss Banks
Precious metals dealer Philoro is now serving banks, asset managers, and other institutions such as family offices in Switzerland.
10/19/2022
Goldman Sachs folds Marcus into wealth management unit
This is despite the fact that the bank presented investors and analysts with a chart in early 2020 suggesting that the business would break even in 2022.
10/19/2022
Lazard moves UK headquarters to Marylebone
The firm has signed a 15-year lease for the Marylebone-based office space, to be occupied by early 2025.
10/19/2022
Morgan Stanley Loses $1 Billion Team to UBS
The Swiss bank said it hired a five-person team in Providence, R.I. with more than $1 billion in client assets.
10/19/2022
BNP Paribas Green Lighted for China Asset Management JV
The new platform will be funded by BNP Paribas Asset Management and ABC Wealth Management, a wealth arm of AgBank.
10/19/2022
Credit Suisse Exploring Capital Raise With Banks
The bank could be aiming to raise at least $2 billion to pay for the bank's restructuring and operating losses over the next couple of years
10/19/2022
Rathbones announces a trading update for the three months ended 30 September 2022
Rathbones is well-positioned to take advantage of the future growth opportunities that can arise both during and after periods of investment market volatility.
10/19/2022
Mintus Announces Partnership With Amicorp To Expand Global Reach
The innovative fractional art investment platform Mintus.com has signed a partnership agreement with Amicorp Group's wealth management company, Amergeris, opening access to shared ownership of iconic art to the clients of private banks, family office
10/19/2022
Quilter assets dip in rough conditions ahead of Feeney exit
Assets under management at Quilter dipped 2% in the third quarter, falling to £96.9bn from £108.5bn in the same period of 2021.
10/19/2022
Ares prepares strategies to meet wealth manager demand outside US
The firm’s wealth management solutions business is now a year old and is eyeing opportunities beyond its domestic borders.
10/19/2022
HSBC expands private banking in UAE to cater to growing millionaire base
Lender opens branch for clients with investable assets of more than $2m