10/25/2022
Looking for Yield? UBS’s Wealthy Clients Turn to Cash
While they’re not withdrawing completely from markets, the volatility has increased uncertainty.
Wealth and Asset Management
10/24/2022
Rothschild & Co Wealth Management in the UK receives two Diversity and Inclusion Awards
The Inclusive Talent Management award recognises an organisation which has developed innovative, creative and effective strategies to attract, recruit and retain high performing and diverse talent.
10/24/2022
Valorous Advisors, a Texas Team with Half a Billion+ in AUM, Chooses Partnered Independence With Sanctuary Wealth
Latest partners are 27th breakaway from Merrill Lynch and 12th Texas team
10/24/2022
Credit Suisse Group reaches settlement in French legacy case
The settlement does not comprise a recognition of criminal liability.
10/24/2022
Zero savings at 35? I’d build wealth like Warren Buffett!
Some people have the idea that building wealth must involve investing in some very complex businesses.
10/24/2022
Signs of Slowing at UBS
Rising interest rates and the continued weakness of financial markets will have shaped the course of business at UBS in the third quarter.
10/24/2022
Zoff about J.Lo – a US bank is having a very Swiss experience
At the center of the dispute are prominent and very wealthy customers of the institute - such as pop icon Jennifer Lopez and former baseball star Alex Rodriguez - and the question of who is allowed to serve them.
10/24/2022
Stanhope Capital wants leadership among wealth managers
In this position, the company wants to take on other players.
10/24/2022
LGT opens private banking office in Hamburg
LGT will once again have a private banking office in Germany.
10/24/2022
PIMFA celebrates winners of its second Diversity & Inclusion Awards and previews ‘TIDE’ launch
The awards were created last year by PIMFA to shine a light on the excellent, often untold, stories that exist across organisations and among individuals in wealth management and advice industry
10/21/2022
AMP Limited provides Q3 22 AUM and cashflows update
AMP Bank’s total loan book grew by A$0.6 billion to A$23.3 billion in Q3 22.
10/21/2022
Zug WM group launches hedge fund with Jim Chanos
The strategy aims to generate alpha through its short positions and manage portfolio risk via long exposure to passive indices.
10/21/2022
Analysis-Goldman Sachs' consumer pivot solves one question, but makeover raises more
A new unit focusing on financial technology products, dubbed Platform Solutions, will make up its third operating segment.
10/21/2022
Credit Suisse Divests its Allfunds Holdings
A total of almost 54 million Allfunds shares are to be sold via accelerated book building to institutional investors.
10/21/2022
St James's Place funds and net inflows suffer in 3rd quarter
Net inflows during the third quarter contracted by 15% to GBP2.19 billion from GBP2.59 billion a year before.
10/21/2022
Stonehage Fleming acquires Rootstock Investment Management
One fund to merge
10/21/2022
LGT forays into the Indian wealth management market with LGT Wealth India
As of June 30, 2022, LGT managed assets of $ 297.4 billion for wealthy private individuals and institutional clients.
10/20/2022
Ares Management Launches Secondaries Team in Asia Pacific
Danielle Lau Joins as Managing Director to Invest in Real Estate Secondary Market Opportunities
10/20/2022
Bank of America wealth arm registers 3% dip in Q3 profit
Total client balances decreased 12% to $3.2tn due to lower market valuations and net client flows.
10/20/2022
Quilter plc reports resilient gross and net flows for third quarter 2022 in a volatile market environment
The third quarter is typically a seasonally slow quarter, with this exacerbated by increasing market volatility and cost-of-living pressures, reducing gross flows.