01/04/2021
Valiant raids NAB for two private bankers
Valiant is currently on a hiring spree, having pledged to recruit 40 investment and pension specialists by 2024.
Wealth and Asset Management
01/04/2021
Swiss Banking: How Many Jobs Will Disappear?
The banking industry was in major transition even before the pandemic hit, not least due to the digital revolution. Experts agree that the trend will continue and cause thousands of job losses in the industry.
01/04/2021
Eric Syz: ‘80% of active managers are index huggers’
Private banking chief on succession, searching for alpha and partying with Andy Warhol
01/04/2021
Using technology to improve the management of investment portfolios - the view from SEI
This article is from The Wealth Mosaic's recent report on how technology can be utilised to improve the management of investment portfolios
01/04/2021
The Impact of 2020 on Advice—and Advisors
New survey reveals how advisors will move beyond 2020 and how asset managers can adjust.
01/04/2021
Hightower Buys $8 Billion Wealth Manager
Bel Air - Hightower's largest acquisition ever - is an $8 billion advisory business based in Los Angeles, serving high net worth individuals, families and foundations
01/04/2021
CI Financial Completes Acquisition of Four RIA Firms
CI’s combined total assets reach record C$228 billion
01/04/2021
Sanlam Investments to take on eight Smith & Williamson-managed funds
As part of the arrangement, later in Q1 2021 Sanlam will also take on the investment management responsibilities of the Smith & Williamson Global Gold and Resources Fund which will continue to be managed in Toronto by AGF as sub delegate investment ma
01/04/2021
SVB Financial Group acquires Wealth Manager
The acquisition of Boston Private accelerates SVB's private bank and wealth management offering, strengthening SVB's overall platform and ability to fully meet the financial needs of its clients.
12/31/2020
Scotia Global Asset Management announces final year-end reinvested distributions for Scotia Strategic ETF Portfolios and Scotia Index Tracker ETFs Français
The additional units will be immediately consolidated so that the number of units outstanding following the distribution will equal the number of units outstanding prior to the distribution.
12/31/2020
Tyneside wealth manager Seven Bridges fuels new growth with office move
The firm is also launching a recruitment drive after moving to new offices in Gateshead
12/31/2020
It's a happy New Year for AJ Bell's founder as he cashes in £17m of shares in the investment platform
Bell, a 54-year-old father of four, owes almost the entirety of his wealth to the company he founded and now leads.
12/31/2020
2021: And Now For Something Completely Different
UBS had wanted to ease the burden on the new CEO, who faces a potential criminal probe over money laundering allegations in his native Holland.
12/30/2020
Postponement of Joint Special Meeting of Shareholders of Certain Eaton Vance Closed-End Funds and Notice that Such Special Meeting Will Be A Virtual Meeting
Shareholders will not be able to attend the Meeting in person.
12/30/2020
Spacs boom - soon in Switzerland too?
The shell companies are listed in reserve in order to buy private companies that are brought into the shell.
12/30/2020
Top 10 RIA M&A Transactions In 2020
The average AUM acquired per transaction grew to more than $1.8 billion, a 24% increase over last year’s average of $1.5 billion, the highest annual average to date.
12/30/2020
3 Financial Resolutions to Prepare Your Investments for the New Year
On liquidity, Haefele writes, the goal should be to set aside enough cash, bonds, or credit lines to cover the cash flow that would otherwise be pulled out of your portfolio over the next two to five years.
12/30/2020
Outsourcing: are banking jobs coming back due to Corona?
The lockdowns and the digitization surge during the corona crisis have shown that the outsourcing of operations to other countries makes banks vulnerable
12/30/2020
A Reinvented Hong Kong Is Emerging to Become A US$3 Trillion Financial Services Wealth Management Hub
Today Dezan Shira & Associates is now living in its fifth office location and currently employs about 30 staff in the city.
12/30/2020
Breakingviews - HSBC breakup will turbocharge CEO’s Asian pivot
The division’s $21 billion in consumer loans implies a tangible book value of $1.6 billion, based on the capital typically carried by other U.S. retail banks.