11/16/2023
Steven Cohen's Point72 Asset Management Adjusts Portfolio, Notably Reduces Adobe Stake
His firm operates on a multi-manager platform
Wealth and Asset Management
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
11/15/2023
Forecasting Millionaire Migration Trends in 2024
Intrigued, investment migration firm Latitude World analyzed the sharp rebound in millionaire migration since the peak of the pandemic to forecast 2024 trends.
11/15/2023
Swiss Banks Didn't Stop Doing Business with Oligarchs Early Enough
The confidential information related to Russian bank clients that leaked in a hack last September is having broader implications.
11/15/2023
SJP tackles shareholder dissent over executive pay
Performance Share Plan query
11/15/2023
Bellevue launches obesity solutions fund
The thematic equity fund covers diagnostics and treatment for obesity-related diseases, nutrition and physical activity companies.
11/15/2023
Over-promising could make ESG a ‘farce’, warns Geneva selector
A dose of realism is required when dealing with products with ambitious environmental goals, according to Mikaël Safrana.
11/15/2023
Where Sergio Ermotti sees the next big risk of CS integration
“We have 3,000 IT applications from Credit Suisse and we will keep 300,” the Bloomberg agency quoted the bank boss as saying. This will allow UBS to create clarity around the IT platform.
11/15/2023
How one advisor to the ultra-affluent successfully manages his practice
Ultra-high-net-worth advisor Thane Stenner shares practice management wisdom – both inherited and hard-earned – that's steered him well