06/15/2022
Wealth management trends and the ‘new normal’
It was usually managed by lifelong financial advisors who handled the portfolios and kept the investments ticking over from a discreet distance.
Wealth and Asset Management
06/15/2022
AssetCo to net £45m in cash after RMG acquisition
The Financial Conduct Authority approved the change of control of RMG to AssetCo last month.
06/15/2022
Kingswood completes acquisition of advisory firm Vincent & Co
Following the acquisition, Kingswood said now has about GBP7.0 billion under advice or management, compared to GBP7.2 billion on February 21.
06/14/2022
When the 'Everything' Bubble Bursts
“The true investment challenge is to perform well in difficult times.” - Seth Klarman.
06/14/2022
What Do Swiss Private Bankers Worry About Most
EFG-International CEO Giorgio Pradelli said much the same. He indicated that Switzerland had been too naive in the past and did not fight enough for reciprocity.
06/14/2022
Insigneo Financial Group to Receive $100 Million Investment Led by Bain Capital Credit and J.C. Flowers
Capital Raise to Support Company’s Continued Growth and Expansion
06/14/2022
Carlyle-Backed Hawksmoor to Acquire UK Wealth Manager GBIM
Hawksmoor agreed to buy Gore Browne, and will keep the brands trading under their different names, Gore Browne Chief Executive Officer Mark Arkwright wrote in the letter.
06/14/2022
J. Safra Sarasin appoints Sales Director
He joins from NN Investment Partners, where he spent 3 years promoting and marketing their sustainable offering in the UK.
06/14/2022
Bellevue expects ‘significantly lower’ half-year result
‘The slowdown in business development is in particular due to the market turbulence resulting from the departure from the expansive monetary policy, rising inflation fears and acute geopolitical uncertainties in the first half of the year.'
06/14/2022
Deutsche Bank on hiring spree as it targets world’s wealthy
Lender aims to bolster global share in the high-touch business of serving family offices
06/14/2022
Hawksmoor to merge with wealth manager
The combined businesses will have eight offices
06/14/2022
Nutmeg records £19.3m loss post-JP Morgan takeover
JP Morgan-backed Nutmeg’s total losses since inception have hit £115m after the digital wealth manager posted another deficit last year.
06/14/2022
Tilney Smith & Williamson today rebrands to Evelyn Partners
The new name reflects that the business is now one firm with a single purpose, which enables it to offer a broader, integrated offering to all clients.
06/14/2022
Cantonal bankers on high stilts
Cantonal banks have subsidiaries in Switzerland and abroad and are present on the Internet with apps and neobanks.
06/14/2022
North America retains top spot for High-Net-Worth population and wealth: World Wealth Report 2022
Europe moves past Asia Pacific to second place in growth rate, fueled by a recovering economy in Europe and slowing growth in Asia Pacific; 70% of HNWIs globally have invested in digital assets and currencies
06/13/2022
Lombard Odier: «Market Swings Don’t Have a Big Impact on Us»
With global equity and bond markets down in 2022 – including extra pain in Greater China – most private banks in Asia will be feeling the drag of lower trading volumes from the region’s notoriously self-directed, hands-on investors.
06/13/2022
SIX Swiss Exchange Gets First Chinese Member
SIX Swiss Exchange is Switzerland’s main stock exchange, with services in other securities, such as bonds and derivatives.
06/13/2022
GKB buys 70% stake in bank to boost offering with private equity
With the acquisition, the cantonal bank aims to complement its range of services by adding private equity to its offering.
06/13/2022
Women opt for lower-risk digital wealth portfolios compared to men, study
Although women tend to show long-term, consistent investing behaviours, not enough of them are investing, research from StashAway found
06/13/2022
Fintech vets target tech workers with new wealth management organization
The firm says it will provide comprehensive wealth management services for its clients, which include assistance with taxes, equity compensation, and family communication.