04/25/2023
UBS's first-quarter 2023 results
1Q23 net profit of USD 1.0bn, with strong client inflows
Wealth and Asset Management
04/25/2023
Credit Suisse reports pre-tax income of CHF 12.8 bn with a CET1 ratio of 20.3% in 1Q23
The consummation of the merger remains subject to customary closing conditions.
04/25/2023
Quilter plc First Quarter 2023 Trading Statement
Average AuMA for the first quarter of £101.8 billion remained modestly below the 2022 full year average of £102.8 billion.
04/25/2023
Fifteen UBS advisors in the Houston region named to the Forbes Best-In-State Wealth Advisors list
UBS also announced today that the South Central Group, based in The Woodlands, TX and led by Robert Vaughan, was named a National Association of Plan Advisors (NAPA) Top Defined Contribution (DC) Advisor Team by Assets Under Advisement for 2022.
04/25/2023
IHT receipts rise by £1bn year-on-year
In the short-term, families would be prudent to give careful thought to their tax planning to ensure they don’t pay more tax than they need to.
04/25/2023
IQ-EQ wins the ‘Wealth Innovation Award’ at the Luxembourg Wealth Management Awards 2023
IQ-EQ was awarded the ‘Wealth Innovation Award’ for outstanding private wealth services both globally and in the Luxembourg market.
04/25/2023
UK's Jupiter reports rise in assets under management
The company's assets under management were 50.8 billion pounds ($63.42 billion) as of March 31
04/25/2023
Larry Fink sells 7% of his BlackRock stake, nets $25m
The BlackRock CEO, who regularly offloads portions of his stake in the asset manager, sold 35,800 shares, or 7% of his holding, last week.
04/25/2023
Banking group unveils wealth offering for UHNWs in UAE
As the region ‘fast emerges as the destination of choice for ultra-wealthy individuals’
04/25/2023
BNP Paribas launches wealth unit in Thailand
Based in Bangkok, Peter will head up an onshore team of wealth managers.
04/25/2023
HSBC’s private bank in Asia expects strong net new inflows in 2023
Net new invested assets came to US$15 billion, compared to net inflows of US$14 billion in 2019.
04/25/2023
Investment duo complete wealth manager buyout
Liverpool will be the head office of the new IFA business which they say will look to expand both regionally and nationally with further acquisitions and organic growth.
04/25/2023
Morningstar U.S. Wealth Platform Adds BlackRock, Clark Capital, Fidelity, T. Rowe Price Portfolios to Offer Greater Advisor Flexibility and Choice
Morningstar-curated models now available via unified managed accounts
04/24/2023
J.P. Morgan Launches Wealth Program for Women
The program will include in-person roundtable events on investing and wealth management topics across Hong Kong and Singapore featuring female leaders from the bank and beyond.
04/24/2023
GAM Holding ag updates on full year results 2022
As already announced in the ad hoc on 25 January 2023, the Group expects to report an underlying loss before tax of approximately CHF 42.8 million and an IFRS net loss after tax of approximately CHF 309.9 million for the full year 2022.
04/24/2023
HSBC named best int’l bank in PH by Asiamoney
Over the years, HSBC Global Private Banking has supported international business owners, entrepreneurs and their families to manage, protect and growth their wealth across generations.
04/24/2023
Wealth management consolidation leaves smaller groups on borrowed time
Rathbones’ £839mn deal to buy Investec Wealth the clearest warning sign yet
04/24/2023
Macquarie Asset Management to divest stakes in eight UK offshore wind farms
Offshore Wind Company holds various direct and indirect stakes in a 2.4 GW portfolio comprised of eight operational offshore wind farms and is one of the world’s largest and diversified offshore wind portfolios.
04/24/2023
Asia contributed strongly to Citi’s first quarter earnings.
Citi has now announced actions for all our consumer markets we are exiting in Asia
04/24/2023
Credit Suisse Hit By Massive Outflows
Morningstar banking analyst Johann Scholtz runs over the numbers as Credit Suisse reveals the impact of the March meltdown that led to the UBS takeover