10/12/2021
The digital agenda outlook, for wealth managers
Client demands have changed and their digital experience is now a real differentiator between firms
Wealth and Asset Management
10/12/2021
Quintet Closes Swiss Shop
The 87 staff members are currently in a period of consultation.
10/12/2021
Switzerland could ‘modernise banking secrecy law’ to keep wealth crown: Deloitte
The country’s smaller domestic market size and lower profitability of wealth management providers also put it in a weaker position compared to the US and the UK.
10/12/2021
Pimfa unveils adviser guide to bolster DFM relationships
The guide is informed by, and builds on, previous work carried out by the Personal Finance Society and also picks up on a wide range of queries and concerns raised by adviser firms.
10/11/2021
GFG Alliance and Credit Suisse Agree on Debt Deal
Credit Suisse had previously flagged around $2.3 billion of problematic loans exposed to Greensill-linked supply chain finance funds with some $1.2 billion of assets related to GFG.
10/11/2021
Suisse report into Greensill failings hit by delays
Stakes have raised considerably for the Swiss bank after its headquarters were raided by police
10/11/2021
Ocorian completes acquisition
Nordic Trustee will continue to be led by CEO, Cato A. Holmsen and a highly experienced management team.
10/11/2021
Gresham House Strategic drops investment manager after review
Today the trust said it has terminated with immediate effect its investment management agreement with GHAM after an “extensive process” .
10/11/2021
UBS Covered Bond Programme
UBS’s Covered Bond Programme has phased out any reference to Swiss Franc LIBOR.
10/11/2021
A reinvented Franklin Templeton offers wider array of specialisations, solutions and capabilities
The union of these two storied asset managers brings new investment capabilities and more specialisations, backed by Franklin Templeton’s familiar global strength.
10/10/2021
Evergrande reprimands insiders for hitting the exit ahead of wealth product clients, forcing redeemers to return proceeds
Six managers of Evergrande Wealth Management who had redeemed 12 products between May 1 and September 7 ahead of schedule were ordered to return the proceeds, and were reprimanded
10/09/2021
Wealth Management Monthly Market Summary by Rothschild
After major equity indices posted new highs at the beginning of the month, corporate profit warnings, inflation, US tapering concerns as well as signs of weakening global growth put markets under pressure. Central Bank rhetoric became less dovish.
10/09/2021
Women in private wealth
Surveys have shown that men and women can have differing approaches to wealth management, and that women are more sensitive to gender bias.
10/09/2021
UBS launches collective philanthropy initiative to help clients address critical global issues
Our goal is to mobilize private capital and support effective programs to address some of the most critical challenges of our time, which can best be addressed by working together
10/08/2021
Fosun's German private banking unit acquires full ownership of Bankhaus Lampe
The Chinese innovation-driven consumer group continues to expand its presence in Germany while focusing on growth in its home market and beyond
10/08/2021
Home working prompts Brewin Dolphin to abandon HQ relocation plans
But the rise in home working, induced by the pandemic, has prompted the wealth manager firm to change its plans and scrap the relocation which was reportedly going to cost up to £10m, following a “post pandemic” review of its office spac
10/08/2021
Pictet scraps LatAm expansion plan after exec exit: Sources
The private bank rejected a plan developed partly by the former wealth co-head to focus more on Latin America.
10/08/2021
Ullmann Wealth Partners, a Leading Independent Wealth Manager in Florida, to Join Focus as a New Partner Firm
Ullmann Wealth Partners' highly customized, goals-based approach integrates a full suite of services, including investment management, financial planning, advanced estate planning, charitable giving, and insurance and tax strategies.
10/07/2021
Fairstone adds 27 advisers in latest IFA purchase
The client-focussed team has almost three decades of experience in providing quality advice and exceptional service to their clients, making them an excellent fit for Fairstone.
10/07/2021
Kestra Private Wealth Services Expands National Presence
Breakaway wealth management team chose independence for enhanced product and service offerings