06/28/2019
Merrill upgrades reporting for its wealthiest clients
The bank hopes to reach ultrahigh-net-worth clients who have complex investing needs, says Don Plaus, head of Merrill Private Wealth Management.
Wealth and Asset Management
06/28/2019
Raymond James adds $420M wirehouse advisors
The new recruits joined the firm’s independent broker-dealer.
06/27/2019
HSBC raises over US$250m for its first private equity 'Vision' fund, with almost half from Asia
Vision 20109 is the first of a new programme of annual Vision funds, and HSBC said it has proven popular with clients looking for diversified private equity solutions
06/27/2019
UBS GWM brings pair of private market funds to Italy
The Fund aims at reaching an initial target of $250m.
06/27/2019
Forsters’ Private Wealth team shortlisted in three categories for the STEP Private Client Awards 2019/20
This year saw a record breaking number of entries with over 300 submissions from across 12 countries and only those judged to be the most outstanding in each category have been shortlisted.
06/27/2019
Revenues For Credit Suisse's Wealth Management Business Could Cross $10 Billion In Five Years
In 2015, Credit Suisse began work on a 3-year restructuring plan to focus on wealth management, and the plan has yielded strong results for the Swiss banking giant over recent years.
06/27/2019
Middle East bucks poor growth figures for global personal wealth
The Middle East however was the only region worldwide not to have witnessed slowed growth against the 2013 to 2017 figure.
06/27/2019
More Than $15 Trillion in Global Wealth to be Transferred by 2030
New Wealth-X Report reveals trends and insights into generational wealth shift.
06/27/2019
Clients ‘extremely happy’ with wealth managers – survey
PSG and NFB take top honours in Intellidex awards
06/27/2019
Wealth manager sells majority stake to LGT
LGT is taking a controlling majority stake in Validus Wealth, with the remaining shares to be retained by the company’s existing management team.
06/26/2019
Wealth manager: Budgets don’t work—do this instead if you want to build wealth
As long as you establish how much you need to save each month for retirement, your emergency fund and any other big, future purchases, and you actually set that amount aside, you don’t have to budget at all.
06/26/2019
Norway wealth fund allowed to invest again in Walmart, Rio Tinto, others
The fund, one of the world’s largest investors, has an ethical mandate set by parliament and is not allowed to invest in companies that produce nuclear weapons, cluster munitions and tobacco, among other ethical criteria.
06/26/2019
Wealth firm aims to ‘disrupt’ global private banking space
Newly created business eyes $5bn in assets under management by 2022
06/26/2019
Wealth managers battle to keep pace with robo technology
Tech upgrades become almost out of date straightaway
06/26/2019
PSG and NFB scoop top honours in wealth survey
Intellidex and Investors Monthly rate the best private banks and wealth managers
06/26/2019
The ticking cost bomb for asset managers
The savings could be made via automation and shifting functions to lower cost locations, it noted.
06/26/2019
Ticino firm expands to Zurich
Mikro Kapital currently operates in 15 countries, covering Eastern Europe, CIS countries, East Asia and Central America.
06/26/2019
Lugano WM teams up with Baltic firm
It is currently registered for sale in Etonia, Latvia, Lithuania and Sweden.
06/26/2019
Cavendish Asset Management refreshes fund management team
The complementary combination of my stock-picking skills and Nick’s insight into timing trading has brought a lot of success to the AIM and Opportunities funds, which makes this move a natural next step for the fund.
06/26/2019
Reddings Wealth Management Joins Initiative to Empower Women in Finance
Having launched on International Women’s Day this year, the Network is seeking to change the financial sector to better cater to the needs of women.