02/11/2021
More than 8% of American adults are millionaires. Here’s how they got wealthy
That is much higher than the 55% of the general population Hogan found to hold the same opinion.
Wealth and Asset Management
02/11/2021
AMP ‘doubles down’ on troubled wealth core
The rebuff has left the 171-year-old company with little choice but to refocus on its high-stakes, multi-year turnaround plan, including squeezing profits out of the troubled financial planning network and a suite of under-performing superannuation funds
02/10/2021
Paul Feeney: The trouble with asset managers is everyone is trying to eat each other’s lunch
The trouble with asset managers is we present far too much as a fragmented, product-based industry where everyone is trying to eat each other’s lunch – forgetting the lunch actually belongs to the client.
02/10/2021
Mattioli Woods hoping to treble in size in next five years
Financial firm – which started over a garage - wants to double staff and treble amount of clients’ assets it looks after to £30bn
02/10/2021
Wealth managers await legal fallout in wake of $1.8B fraud case
Investigators say the investors are at risk of losing everything.
02/10/2021
A historic private bank takes over Brown Jacobson’s office in No. 1 Spinning Fields
Martin Cuthbert, Manchester Office Head of Brown Shipley, said: “I’m excited to move to No. 1 Spinning Fields.
02/10/2021
Estate Planning is not Just for those with Huge Assets
Devising an effective estate plan can help you seamlessly transfer your wealth
02/10/2021
At Vontobel, a Cozy Club of Bankers is Dissolved
CEO Zeno Staub broke with a product- and distribution-focused approach, which led to the exit of Roger Studer, who ran Vontobel's securities arm for nearly 20 years.
02/10/2021
Pictet Profits Edge Higher as Clients Seek Haven
Net profit rose by seven percent to 577 million francs, while revenue climbed by ten percent to 2.89 billion francs.
02/10/2021
JSS Sustainable Asset Management Repositions Water Strategy as Green Planet
The Green Planet strategy builds upon its predecessor’s proven investment philosophy and approach, and will continue to put an emphasis on protecting the ecosystem and water resources.
02/10/2021
Wealth management giant shuts Hong Kong office
It wants to focus on its ‘strong international footprint’ in UK, EU, Middle East and Latin America
02/10/2021
UAE foundations: so much more than succession planning
Often seen as a vehicle reserved for succession planning, Managing Director of our UAE office, Nina Auchoybur highlights the utility of UAE foundations.
02/10/2021
ERI Winners in the ‘Best Compliance Solution‘ Category at the WealthBriefing Swiss Awards 2021.
The judges were impressed that with its compliance workflows and monitoring OLYMPIC Banking System gives a significant advantage in acquiring and keeping clients, and selling them the most relevant products and services.”
02/10/2021
Private Banking and Wealth Management Survey 2021: Banking’s new engine
Once a handy add-on to the financial model, private banking will increasingly drive income and activity in investment banking, not the other way round.
02/10/2021
Neil Moles: Who really pays for advice sector private equity deals?
Multi-million pound deals
02/10/2021
DBS' Piyush Gupta: «Don't Waste a Good Crisis»
The bank has been proactive amid the Covid-19 crisis, during which it has established several new platforms for growth, said its chief executive.
02/09/2021
Chinese New Year: Rise of middle class shows Covid-19 just a blip in China’s quest for dominance
It was this swift action that Moorhouse believes puts China in a strong position to take advantage of the growing middle-class population.
02/09/2021
Marathon mortgages grind to halt
This is consistent with previous years, with 43% in 2019 and 41% in 2018 have mortgages over 25 years.
02/09/2021
Singapore's OCBC Bank Approves Mortgages in 60 Minutes Using FICO Technology
One of Asia Pacific's leading banks wins FICO® Decisions Award for customer onboarding & management using FICO® Origination Manager
02/09/2021
Wealth business seen boosting earnings prospects for Singaporean banks
Singapore has benefited in recent years from its status as a stable base to set up family offices and investment structures for the world’s wealthy, providing a lucrative business for local banks including DBS Group and OCBC.