05/11/2021
Wealth firms partner to set up Malta advice company
It will provide pensions and investment services to UK expats retired in the EU
Wealth and Asset Management
05/11/2021
Wells Fargo Private Bank recognized as leader in wealth counselling
Wealth industry peers recognize the company for Wealth Counselling services
05/11/2021
Law firm sets up UK wealth management service
It will provide advice on a range of issues including succession planning and cross-border estates
05/11/2021
BlackRock expands China footprint with wealth management licence
BlackRock will "support China in building a sustainable ecosystem for investing," Chairman and CEO Laurence Fink said in the statement.
05/11/2021
Rothschild & Co: 2021 – 1st quarter release
Revenues up 3% to €134.3 million (Q1 2020: €130.8 million) driven by an increase in management fees in connection with the strong growth in AuM
05/10/2021
HSBC on track to hire more than 1,000 Asian wealth roles this year in US$3.5 billion bet on region’s growing billionaires
Asia accounted for US$1.2 billion or two-thirds of HSBC’s adjusted profit before tax in the wealth and personal banking business in the first quarter
05/10/2021
Vestmark Partners with UBS Wealth Management USA to Provide Model Portfolio Services for Separately Managed Accounts
With Vestmark Advisory Solutions as discretionary overlay manager, UBS Wealth Management USA clients will now have access to model portfolio strategies from BlackRock, Capital Group (home of American Funds), Dimensional Fund Advisors, J.P. Morgan, Natixis
05/10/2021
Kiwi Wealth invests more into private equity
Its latest investment is designed to give KiwiSaver members more access to private business in the high-growth export sector.
05/10/2021
Macquarie Wrap surpasses $100b FUM
“We’re seeing that Macquarie’s strong brand in this space, our leading platform, and the access to the deep expertise of our people and the broader insights of Macquarie is an offering that is really resonating with advisers.”
05/10/2021
Greater Reach for High-Net-Worth Customers
Due to the complexity of bond trading and a relatively underdeveloped local bond market, it was not until the last decade that retail investors have more actively participated in bond investing.
05/10/2021
Liechtenstein's Gold in More Diligent Hands
The new rules are an opportunity for the different precious metals players, and banks, as both Switzerland and Liechtenstein now have fully regulated markets for gold and precious metals for the first time.
05/10/2021
Wealth Managers: Time to Shift your Technology Priorities
Do we continue to invest in front and back office technology solutions? Can we keep pace with the burden of administrative and regulatory change?
05/10/2021
JOHCM owner to double US assets following value manager acquisition
The acquisition price represents 7.6x 1H21 EBITDA (annualised, excluding synergies) and is expected to be double-digit EPS accretive in the first full year after completion.
05/10/2021
UBS Dangles $40,000 Bonuses to Slow Junior Banker Defections
Banks are raising pay for junior employees to prevent defections and ease discontent amid a jump in deals and an intensifying focus on work-life issues sparked by the pandemic.
05/10/2021
CI Financial to Acquires Wealth Advisory Firm with US$5.1 Billion in Assets
Acquisition boosts CI’s U.S. Assets to US$63 billion and total assets to US$230 billion
05/10/2021
Global passive assets hit $15tn as ETF boom heats up
Exchange traded funds close to eclipsing traditional index trackers for first time
05/10/2021
Skybound Wealth gains SEC federal licence for US investment advice
Skybound Wealth Management is an independent financial adviser firm with offices in the UAE, Switzerland, USA and the UK.
05/10/2021
UBS Explores Offering Crypto Investments to Rich Clients
Goldman Sachs Group Inc. is pushing deeper into the $1 trillion Bitcoin market and opened up trading with non-deliverable forwards, a derivative tied to Bitcoin’s price that pays out in cash.
05/10/2021
STM sells Jersey trust and services arm to Guernsey firm
The Sale Companies are principally STM Fiduciaire Limited, along with a number of non-revenue generating support companies, including nominee companies.
05/07/2021
Focus Financial Partners Reports First Quarter Results
Performance Exceeds Expectations, Reinforcing Strong Momentum