08/04/2020
Raymond James gains 5 ex-Merrill Lynch advisors who managed $515M
All three spent the last decade with Merrill Lynch.
Wealth and Asset Management
08/04/2020
Schroders Global Investor Study 2020: Bullish investors still targeting investment returns above 10% despite Covid-19 shock
Average annual return expectations over the next five years have edged up to 10.9% for investors globally
08/04/2020
15 at Mourant recognised as world leading private client practitioners
Those listed advise a variety of Mourant clients including high net worth individuals, families, trustees, family businesses and charities.
08/04/2020
Aegon finalises Kames rebrand
Kames Capital will rebrand as Aegon Asset Management on 7 September, with the names of its suite of funds following suit.
08/04/2020
Revealed: Bristol boutique enters acquisition arena with IFA buy
RC Brown has made its first buy, with the firm aiming to expand its offering among advisers.
08/04/2020
Pictet eyes long-term growth stocks with new market neutral global equities hedge fund launch
The new strategy is a UCITS compliant version of an existing market neutral global equity hedge fund strategy managed internally by Pictet’s Aquila team within the firm’s multi-strategy funds offering.
08/03/2020
HSBC Bank Canada Second Quarter 2020 Results
Operating income and expected credit losses show impact of COVID-19, customer deposits up significantly
08/03/2020
SMP Group completes acquisition
The deal has been undertaken with the support of Palatine Private Equity LLP, the UK midmarket private equity house that partnered with SMP in its 2019 management buy-out, with additional debt funding from Apera Asset Management.
08/03/2020
The new pecking order in Swiss asset management
For this survey, around 850 so-called fund selectors or buyers are asked for their assessment.
08/03/2020
Société Générale falls to surprise loss
During the first half of 2020, Societe Generale successfully adapted to the consequences of the health crisis and was therefore able to effectively support its customers and employees, thereby strengthening its position as a trusted partner.
08/03/2020
Chinese Wealth Manager Eyes Singapore Expansion
If successful, Hywin joins numerous other Chinese wealth managers that have recently expanded into Singapore which serves as not only an offensive play to tap into Southeast Asia opportunities and also a defensive play to hedge Hong Kong-related risks.
08/03/2020
HSBC’s First-Half Profit Dive Misses Analyst Forecasts
The bank also warned of expected damage to its core capital ratio as worsening credit ratings impact its risk-weighted asset ratio.
08/03/2020
Wealth management firm completes £25.6m deal
All 33 of its staff will be retained by Mattioli Woods following the deal.
08/03/2020
What the data tells us about the shape of the US economic recovery
Looking at high-frequency data in the US, the key question is whether momentum in consumer spending can be sustained.
08/03/2020
Walker Crips makes 10 redundant and warns on profit
Pre-tax profits were up 97% to 31 March but the economic downturn has led the firm to take a number of cost-cutting measures.
08/03/2020
Willis Owen reveals the best & worst sectors and funds
The UK market also continued to suffer as new lockdowns and changes in travel rules for Spain hit the domestic market.
08/03/2020
Smith & Williamson shareholders approve Tilney takeover
This is a significant transaction and getting to this stage in the midst of a global pandemic is a real achievement.
08/03/2020
HSBC plans up to 3,000 new Asian jobs amid the global carnage
The first batch of 100 “digitally-enabled wealth planners” have been on-boarded in Guangzhou and Shanghai, and the “plan is to reach 2,000-3,000 planners by 2024”, according to Quinn’s presentation slides.
08/02/2020
Challenging times for wealth management
Private investors and family offices are receiving negative news on a regular basis from their financial advisers and there is a misleading amount of contradictory advice as to the most appropriate course of action and risk minimisation strategy.
07/31/2020
Coutts and Adam & Co first half inflow jumps to £1.6bn
Coutts and Adam & Company H1 Results