01/17/2020
It will get tougher for the rich in US
They had a party going all through the last decade and it’s coming to an end
Wealth and Asset Management
01/17/2020
KBL epb rebrands as Quintet
The pan-European private banking group as a whole has been renamed “Quintet Private Bank.”
01/17/2020
St. James's Place appoints new brand agency – Landor
The agency has been chosen as part of a holistic, ongoing project to further progress St. James’s Place’s reputation as a recognised and respected financial advice business.
01/17/2020
Caution's The Investment Watchword For UOB Asset Management
It agrees with the International Monetary Fund that has forecast global real gross domestic product to grow by 3.4 per cent in 2020.
01/17/2020
UBS Wealth Bankers Get Dose of Credit Suisse Tonic in Khan Plan
Star hire is dismantling units and cutting hundreds of jobs
01/17/2020
GAM warns profits to tumble as assets shrink
This results in expected total group AuM of approximately CHF 132 billion2 as at 31 December 2019 compared to CHF 132.2 billion1 as at 31 December 2018.
01/17/2020
Peter Hargreaves uses £100m HL stake to create charity business
Peter Hargreaves is planning to set up a £100 million charitable foundation financed through shares in the stockbroker bearing his name.
01/17/2020
Orchard Street acquires London industrial estate for UK wealth manager
The four units – situated on a seven-acre site within Chessington’s industrial estate on Cox Lane – is fully-let to three tenants.
01/16/2020
Where JPMorgan Sees the Best Alternative Bets
And where its quant strategists see a bubble building.
01/16/2020
Goldman Reveals It’s Still A Small Player In Pursuit Of Wealthy
Goldman’s new focus on wealth management and consumer banking is part of his effort to make it less reliant on trading revenue and more responsive to financial trends such as the boom in alternative assets.
01/16/2020
Investors pull half a billion from Brooks Macdonald
The results also showed investors pulled £235m from the company's discretionary fund management service.
01/16/2020
Citi private banking revenue eases in fourth quarter
On the whole, Citi had a total revenue of $18.4bn in the fourth quarter of 2019.
01/16/2020
Qatar-backed private bank plots hiring spree in global push
Quintet’s expansion reflects intensifying competition in private banking
01/16/2020
Oxford University to raise almost $1 billion, due 100 years from now
University set a price target of about 110 basis points above government-bond rate
01/16/2020
Goldman Sachs Posts Robust AUM Growth in New Consumer and Wealth Segment
While net revenue in the unit overall was $5.2 billion for all of 2019, wealth management revenue was $4.34 billion, which was 5% lower than in 2018, which the firm attributes to “significantly lower Incentive fees and slightly lower net revenues in
01/16/2020
Women take centre stage in financial services
The starting point is to build women’s self-belief in their ability to win promotion
01/15/2020
Cerity Partners Announces Merger with $3 Billion AUM Wealth Management Firm, EMM Wealth
Lloyd Abramowitz adds, "We found Cerity Partners to be the perfect partner for EMM Wealth as they share our belief that effective wealth management extends beyond monetary assets to every aspect of life that wealth touches."
01/15/2020
Boomers Start Giving Children’s Inheritance To Charity
The wealth management industry has been eyeing up the $30 trillion expected to be passed from one generation to the next over the following three decades
01/15/2020
BNY Mellon Announces Innovative Suite of Services to Deliver Greater NAV Oversight and Contingency for the Investment Industry
These expanded BNY Mellon capabilities leverage its recent alliance with institutional investment solutions provider Milestone Group (“Milestone”) and their digital investment platform pControl™.
01/15/2020
UBS Wealth Management Starts Cutting Jobs in Asia and Europe
Job cuts are targeted across functions focused on Asia, Europe