10/27/2020
Charles Stanley adds 5-star managed portfolios to AJ Bell platform
AJ Bell announced the first third-party Managed Portfolio Services to be added to its adviser platform in August, to sit alongside the AJ Bell MPS.
Wealth and Asset Management
10/27/2020
UBS teams up with VC firm and launches CHF 180m fintech portfolio
UBS Next will invest directly into early-stage fintechs and other tech firms.
10/27/2020
Rothschild & Co AM signs distribution agreement for alts Ucits platform
As a result, the fund management company will take over the InRIS alternative Ucits platform, becoming the exclusive distributor.
10/27/2020
Fairstone chalks up another acquisition, adding 850 clients
A client agreement accessible on Fairstone’s website reads: “Information provided by Fairstone Private Wealth may form part of a recommendation we make to you.
10/27/2020
ZEDRA’s Eyes Firmly Set on Rapid Asia Growth amidst Global Expansion
Bart comments that the whole evolution of trust and trust services in Asia is set against an increasingly difficult and onerous regulatory environment worldwide.
10/27/2020
From rugby star to financial adviser
SJP partner practice owner says targeting the sporting sector for future employees ‘is a no brainer’
10/26/2020
UBS’s Ermotti Says Reviving Payouts Best Part of Reign as CEO
UBS also has to navigate its return to paying dividends after a de-facto ban on payouts for Europe’s banks.
10/26/2020
WH Ireland posts first interim profit for five years
Our Wealth Management business has remained operationally robust despite the significant market falls in March
10/26/2020
Asia’s Richest Banker Explores Takeover of IndusInd Bank
Billionaire banker Kotak said to mull all-stock acquisition
10/26/2020
IQ-EQ named Best Independent Trust Company in 2020 WealthBriefing European Awards
In selecting IQ-EQ as winner, the judges commented that they were not only impressed by the scale and breadth of our global service offering, but by our innovations in technology.
10/26/2020
Activist shareholder calls for cost overhaul at SJP
SJP has frequently come under fire for its policy of rewarding partners with lavish perks such as cruises
10/26/2020
Icapital Network targets expansion in Europe and Asia
iCapital currently has US$8bnfrom non-U.S. investors, making it one of the largest alternative investment platforms outside the U.S.
10/26/2020
Coutts joins forces with BlackRock for low-fee fund launches
The deal with the $7.8trn (£6trn) asset management behemoth is part of an ongoing strategy to reduce fees for clients.
10/26/2020
UBS to Boost Fixed Pay, Cut Bonuses in Compensation Revamp
At the same time, retaining talent with the promise of large bonuses is getting harder as the Covid-19 pandemic puts a spotlight again on banks’ variable compensation.
10/26/2020
At UBS, Sergio Ermotti Made Boredom Great Again
Ermotti, who had made it within striking distance to replace Alessandro Profumo at Unicredit before being passed over in 2010, had learned to sweat it out.
10/25/2020
EY, Sionic and PwC named Europe's top wealth management advisors
The award for Best M&A Advisor went to PwC
10/23/2020
China sets limits in plan to ease capital controls in Greater Bay Area under cross-border wealth management scheme
Each investor can only invest up to 1 million yuan worth of investment products under the new scheme
10/23/2020
Wells Fargo explores sale of asset management business - sources
The San Francisco-based bank has discussed a potential deal with asset management companies and private equity firms.
10/23/2020
Strategic Ultra-High-Net-Worth Philanthropy
A “push off the starting gate” for strategic ultra-high-net-worth philanthropists ends with a little “pull” into an existing “philanthropic ecosystem” about which they should be wary.
10/23/2020
Barclays Private Bank CEO Bets on U.S. to Lure World’s Rich
“We have the capacity to source deals in the U.S. that we can bring to Europe,” Gerard, 56, said in an October interview. “We play this card.”