04/18/2023
DFM's assets trapped after FCA shuts down WealthTek
Collapsed wealth firm was custodian for Stellar Asset Management, meaning client money is stuck while special administrators complete their task.
Wealth and Asset Management
04/17/2023
Julius Baer Opens New Hong Kong Office
The new space will complement its existing office in the central business district’s International Finance Center (IFC) building.
04/17/2023
How the wealthy borrow cheap cash to pay their taxes
Wealth management clients with hefty stock and bond portfolios have long used their holdings as collateral for loans to bankroll their dreams
04/17/2023
For These Morgan Stanley Advisors, Having a Big Team Is a Must
Along with partners Mary Guza and Diana L. Chaney, Ricca explains how their group’s structure benefits both clients and younger colleagues, and what investors should look for in an advisor.
04/17/2023
MAS has not issued a directive – tacit or otherwise – to banks to keep quiet about the origins of wealth inflows
The increased fund flows into Singapore were from high net-worth individuals from different markets.
04/17/2023
Ashmore outflows more than halve to $1bn
Net outflows at the fund firm narrowed by 57% in the first quarter as sentiment towards emerging markets improved.
04/17/2023
Labuan IBFC Delivered Commendable Growth In Multiple Fronts
Labuan IBFC complements the activities of the domestic Malaysian financial market and the Centre has now become fundamental to the Labuan economy and growing importance to Malaysia generally.
04/17/2023
Jersey based Oakglen Wealth launches UK investment management arm
Quilter Cheviot veteran Dominic Tayler at the helm as Managing Director (UK)
04/17/2023
Redmill Advance buys financial adviser training provider
It is the company’s first acquisition of 2023
04/17/2023
UBS-CS Deal Gets Fed Seal of Approval in the US
After one year, UBS must have only one US intermediate holding company or receive additional approval for an alternative organizational structure.
04/14/2023
LV= announces plans for BlackRock as its main asset manager partner
This move is part of LV’s wider strategy to advance its investment management capabilities and strengthen future performance prospects for investors.
04/14/2023
RBC Global Asset Management Inc. announces changes to RBC ETFs and the maturity date of RBC Target 2023 Corporate Bond Index ETF
In addition, RBC GAM Inc. also announced a change to the unitholder right to redeem for cash for all RBC ETFs and ETF Series of RBC Funds.
04/14/2023
Private assets views Q2 2023 - Navigating the downturn
A regular update from our private assets business, that includes detailed thoughts on the risks and opportunities emerging in each private asset class.
04/14/2023
FOMC minutes reflect banking system uncertainty
As is usually the case, we did not find anything too surprising in the minutes, but they still provide useful details on the conversations that took place at the meeting.
04/14/2023
SG Kleinwort Hambros launches France desk for international clients
The new French Nexus, launched in partnership with the firm’s owner Société Générale, will offer clients a bespoke service delivered in either French or English.
04/14/2023
Investment trust buys minority stake in UK wealth manager
In a bid to ‘support and accelerate the growth of the business’
04/14/2023
Premier Miton equity outflows continue but bonds offer bright spot
Investors continue to pull money from flagship European Opportunities fund despite market recovery, while ex-Merian bond team attracts significant inflows.
04/14/2023
Nick Train adds to Experian, hails Schroders after banking woes
The leading UK portfolio manager has been adding to the world’s biggest credit bureau on banking sector weakness.
04/14/2023
Lloyd’s Investment Platform launches Schroders Capital-managed Private Impact Fund with £250m initial allocation for sustainability-focused assets
This builds on the investment partnership announced last year with Schroders Solutions, part of the Schroders Group.
04/14/2023
Alpian CIO warns of long-term challenges for Swiss real estate
In addition to recent interest rate hikes, demographic trends could lead to many stocks hitting the markets in 15 years.