07/14/2023
Wells Fargo Wealth sees revenue drop but assets rise in Q2 2023
The wealth and investment management arm of Wells Fargo saw revenue drop 2% year-on-year in Q2 2023, from $3,705m to $3,681m.
Wealth and Asset Management
07/14/2023
Liontrust quarterly assets under management fall but in good shape
This was attributed to net outflows of GBP1.62 billion, while GBP294 million was lost through market and investment performance.
07/14/2023
Carey Olsen named Offshore Firm of the Year at Chambers High Net Worth Awards 2023
National and international law firms across the world were awarded across 11 categories for their outstanding work, impressive strategic growth, and excellence in client service.
07/14/2023
Liontrust makes last minute call to Gam shareholders
The Liontrust offer has been subjected to full and detailed due diligence.
07/13/2023
Pressure on banks = pressure on WealthTechs
Warren Buffets' famous quote: “Only when the tide goes out do you discover who’s been swimming naked.” has rung true yet again.
07/13/2023
Private Banks Zone In on India’s Onshore Wealth
As a result, numerous financial institutions are setting up new private banking divisions or upping their ambitions in the onshore market.
07/13/2023
Caledonia Investments solicits bids for $585 million wealth manager 7IM -sources
Unlike continental Europe where investment products are largely distributed through banks, the UK has a vast network of investment advisory shops that help customers manage their money.
07/13/2023
Standard Chartered Bank’s Group CIO Extols the Virtues of Long-term Views and Flags the Importance of the 60-40 Model for the Average Investor
He points to the continuing importance of the close Standard Chartered alignment between the CIO Office and the bank’s DPM team to help guide wealthy Asian private clients through the confusion.
07/13/2023
Fairstone establishes 'West Midlands Hub' with investment in Dudley's Prosperity Wealth
The growing North East wealth management group says it is looking to back management teams of larger independent financial advice firms
07/13/2023
Brooks Macdonald assets tick up on £100m quarterly inflow
In a trading update this morning, the wealth manager reported a FUM increase of 0.4% in the three-month period ending 30 June, climbing from £16.79bn to £16.85bn.
07/13/2023
GAM's largest shareholder supports the Liontrust offer
A shareholder since August 2011, Silchester is familiar with the asset management industry, regulatory approval processes globally, and GAM’s management.
07/13/2023
CEE’s best bank for wealth management 2023: UniCredit
But UniCredit is clearly committed to staying the course.
07/13/2023
Succession Wealth expands its Birmingham HQ
Totalling 64,000 sq ft, the 11-storey development has recently undergone an extensive programme of refurbishment
07/13/2023
Got less than $680,000 to invest? Morgan Stanley doesn’t want your business
Once the review is completed, impacted clients will be contacted and presented with alternative solutions, where appropriate, ensuring a smooth transition.
07/13/2023
There is a lot of catching up to do when it comes to digitization
This is the result of a survey of banks, wealth managers and asset managers by the fintech provider Objectway.
07/13/2023
UBS’s integration of Credit Suisse presents opportunities for smaller wealth managers in Asia-Pacific
The integration of Credit Suisse into UBS and the subsequent restructuring will massively impact the banking giant’s operations in Asia-Pacific
07/13/2023
Latin America’s best bank for wealth management 2023: Banco Santander
It has a strong local presence in each of those markets except Peru, which it serves, along with Ecuador, Colombia and Bolivia, from its Miami hub.
07/13/2023
Sir Trevor McDonald OBE confirms attendance at Private Wealth Forum
Sir Trevor will take part in a fireside chat with Guernsey Finance Chief Executive Rupert Pleasant at the forum, which is the flagship event for Guernsey’s Private Wealth sector.
07/12/2023
Intesa CEO: bank to expand in wealth management thanks to technology
Intesa last month launched Isybank, a cloud-based mobile-only bank powered by Britain's Thought Machine, which Italy's biggest lender is targeting at younger customers with digital skills and a need for only basic banking services.
07/12/2023
Monthly update: Sun shines on a brighter market mood
Stock markets are holding up, driven by easing US inflation and prospects of an uneventful economic slowdown.