12/16/2022
Kingswood Holdings buys Berkshire practice for up to £6.2m
This would see £3.1m paid on completion and the balance paid on a deferred basis, which is subject to the achievement of pre-agreed performance targets.
Wealth and Asset Management
12/16/2022
Millennials’ average net worth: How the nation’s largest working generation stacks up against the rest
According to the Federal Reserve’s 2019 Survey of Consumer Finances, millennials have an average net worth between roughly $76,000 and $436,000.
12/16/2022
'Giving back was always a core part of SJP'
"What we often do with many of our charities is provide volunteer support, or we have people mentoring the charity leaders, or just giving time.
12/15/2022
IQ-EQ wins two awards at 2022 WealthBriefing Channel Islands Awards
The WealthBriefing Channel Islands Awards, new for 2022, are part of a global programme run by WealthBriefing and its sister publications WealthBriefingAsia and Family Wealth Report, encompassing all of the world’s major wealth management centres.
12/15/2022
Fairstone, Kingswood and Perspective all announce new deals
The deal further expands Fairstone’s nationwide coverage and takes total FUM under the group’s umbrella to more than £13bn.
12/15/2022
Fairstone adds £200mn FUM with Devon-based IFA purchase
As part of the deal, nine advisers and staff will join Fairstone Group as well as more than 800 clients.
12/15/2022
Chinese bank wealth units seek to smooth performance amid redemptions
Risk-averse investors have shifted money out of such products, even as asset managers urge them to hang on, as the products may recover from their current losses.
12/15/2022
Swiss National Bank tightens monetary policy further and raises SNB policy rate to 1.0%
Sight deposits above this threshold will be remunerated at an interest rate of 0.5%, and thus still at a discount of 0.5 percentage points relative to the SNB policy rate.
12/15/2022
GAM Wins IMPACT Awards for its Climate bond strategy
The award was presented by Environmental Finance, which recognises the work of impact investors
12/15/2022
ZEDRA wins Trust Company of the Year at the STEP private client awards
The award comes hot on the heels of ZEDRA’s strong, sustainable growth, which has led to increased investment in new client solutions and products in the UK, US, Luxembourg, Poland and Singapore.
12/15/2022
IQ-EQ shortlisted in the 2023 Citywealth Magic Circle Awards
The Magic Circle Awards is Citywealth’s flagship annual awards programme, celebrating the elite of the international private wealth industry.
12/15/2022
Indosuez Blue Cycle, an innovative investment solution with a solidarity component
Indosuez Wealth Management completes Indosuez Blue Cycle campaignThe investment solution, co-designed with Crédit Agricole CIB, included donations to water and ocean preservation projects
12/15/2022
Alex Picot Trust Director awarded ‘Leading trust professional’ at WealthBriefing CI Awards
The WealthBriefing Channel Islands Awards are part of a global programme run by WealthBriefing and its sister publications WealthBriefingAsia and Family Wealth Report, encompassing all of the world’s major wealth management centres.
12/14/2022
UBS advisor team Legacy Wealth Management named to the Forbes America’s Top Wealth Management Teams list
This recognition is a testament to the team’s ability to collaborate and provide solutions to their clients, empowering them to pursue what matters most to them.
12/14/2022
Northern Trust Asset Management’s Risk Report Highlights Drivers of Unexpected Portfolio Results
Analysis spans six years and comprises nearly 300 institutional portfolios totaling more than US$250 billion, plus 1,300+ investment strategies
12/14/2022
Monthly Update: A positive month as tough year draws to a close - Coutts
Markets rallied in November as US inflation fell, sparking speculation of smaller interest rate rises.
12/14/2022
Conversion of Credit Suisse Real Estate Fund International into an NAV-based product under review
The fund management company plans to convert the CS REF International into an NAV-based product to accommodate existing client needs.
12/14/2022
Swiss economy: Swiss interest bonus is back to stay
Credit Suisse economists are forecasting that Swiss GDP will still grow by 1.0% next year, following a 2.0% increase in 2022.
12/14/2022
China’s zero-Covid retreat sparks wealth management product sell-off
Vicious circle as fund managers are forced to sell holdings to satisfy wave of redemptions
12/14/2022
Barclays Private Bank opens temporary Verbier office for ski season
Barclays Private Bank has been operating in Switzerland since 1986.