Managers of Wealth

Canaccord’s Expansion Costs Offset Record Wealth-Segment Revenue

Companywide revenue of C$429 million ($312 million) was also below their expectations.

Families advised to get governance right ahead of $83tn wealth transfer

Structures are needed to ensure that fortunes pass amicably to the next generation — and are not squandered

What is the perception of banks in Switzerland? Exploring Swiss public opinion

It aims to take a pulse check on how the Swiss population perceive the country’s banking institutions and their economic role.

RBC WM: US Recession Risk Rises

The bank advises investors to exercise caution

The 7 best private members’ clubs in New York

From indulgent party hotspots to peaceful urban retreats, these are Spear’s favourite private clubs for New York’s rich and famous

Private banks split on buying the equity dip call

Many private banks are telling clients to hold fire on US equities, expecting better entry points in the coming weeks, but UBS sees opportunities in tech and buying back into Japan is a popular trade.

Private markets pros admit to last-minute regulatory planning: research

The CSC study, which focussed on the role of special purpose vehicles (SPVs) in optimising private market investments, highlighted challenges in responding to regulatory changes.

Brookfield Re net income drops in second quarter

The company also said it recognised distributable operating earnings of $298 million compared to $160 million in the second quarter of 2023.

Wealthy investors find opportunities in stock market sell-offs

A Deloitte survey found that family office holdings of equities fell from 34% to 25% from 2021 to 2023, while their private equity jumped from 22% in 2021 to 30% in 2023.

Wealth management firm takes on ‘highly experienced’ head of marketing

Dorset based Baggette + Co has appointed Lee Taylor as its new head of marketing.

Brookfield Asset Profit Misses, Assets Hit About $1 Trillion

Brookfield is among the publicly traded alternative asset managers that have sought to reach the trillion-dollar mark, in part by expanding into new strategies.

Singapore’s uber-rich foreigners shun extravagance, spooked by wealth scrutiny

From Sentosa Cove properties to whiskies, rich foreigners are holding back on spending following a major money-laundering case and tax hikes

Asset Manager GAM Slowly Emerging from the Storm

To achieve greater financial stability, the Zurich-based asset manager is aiming for a capital increase of up to 100 million francs, fully underwritten by anchor shareholder Rock Investment SAS.