05/03/2019
UBS shareholders vote against top management
UBS had the option to settle out of court but instead decided to go to court and came away with the biggest fine in the Swiss bank’s history.
Wealth and Asset Management
05/03/2019
HSBC results show wealth unit up but private banking profits down
Adjusted operating expenses at the division increased 5% year-on-year to $3.45bn.
05/02/2019
Leaders Pledge to Change the Future of Female Finance
The WealthiHer Network, which launched on International Women’s Day this year, was formed to transform the industry’s approach to women.
05/02/2019
Deutsche's Banking With the Rich
The offering includes tailor-made loans, corporate finance and investments, with the expertise provided by the investment bank of Deutsche and its corporate clients' business.
05/02/2019
Making the switch from PortfolioCenter to Black Diamond
The challenge then, for Berman McAleer was to take on this data conversion task. “I personally reviewed over 350,000 lines of data during the year that it took to make the switch,” says Kim Silvestri, Director of Investment Operations.
05/02/2019
GPS, a Brazilian company of the Julius Baer Group, has signed a partnership agreement with FinTech Magnetis in Brazil
GPS, a Brazilian company of the Julius Baer Group, has signed a partnership agreement with the leading local digital financial advisor Magnetis, in which it will acquire a minority stake.
05/02/2019
Latest Developments on French Wealth Tax 2019: Does the debt still “pay off”?…
They still have to pay the tax at the same rates (1.5% maximum) on their French properties or shares in the interposed company (i.e. a French or Monegasque SCI in most cases) holding such properties if their net value is €1.3 m or more.
05/02/2019
RIA distribution: 3 things we can expect in 2019 and beyond
The RIA market is facing the same disruption and challenges being felt across the wealth management industry.
05/02/2019
HNW women say wealth manager diversity top priority
But of the survey topics most relevant to practitioners, the 45% who said they wanted to see themselves better represented by client facing staff was likely to be the most significant.
05/01/2019
UBS Tells Some Managers They Can Hire One for Five Who Go
UBS said earlier this year that it would slow hiring and deepen cost cuts during one of the worst first quarters in recent history, which forced the bank to cut an additional $300 million in costs.
05/01/2019
Schroders develops wealth tool for US bank’s global clients
Combines science of behavioural finance and investment education to improve choices for high net worths
05/01/2019
Mirabaud AM partners with Vevey-based firm to launch SRI fund
The firms will scan the Swiss small-cap universe
05/01/2019
Marriott Is Launching Luxury Villa Rentals in the Caribbean
“What started out as a pilot a year ago is now a global offering, providing our guests with the space and amenities of a home backed by a trusted travel company, and the very best in loyalty benefits.”
05/01/2019
Focus On Private Client & Wealth Management
Supreme Court Finds “Wholly Groundless” Exception Not Grounded in Federal Arbitration Act
05/01/2019
Tenet acquires Preston wealth manager
The strategy behind the buy out model is to offer network member firms a simpler exit process for retirement.
05/01/2019
Sanlam eyes asset managers for growth
Mr Polin said Sanlam is also looking to increase its exposure outside of London in core areas in which it currently lacks a presence, including Manchester, Leeds and Edinburgh.
04/30/2019
Citi Reorganizes Law Firm Banking Business as Legal Industry Leans on Finance
The changes give the law firm group a direct line to the global head of Citi Private Bank.
04/30/2019
Q1 invested assets hit $551b at UBS' Asia-Pacific wealth division
The stronger results come on the back of a market rebound amid a dovish tone set by central banks.
04/30/2019
Wealth Column: Steps you can take now to reduce next year's tax bill
The financial decisions you make throughout the year
04/30/2019
Do Charles Schwab RIAs think their custodian is competition?
Schwab rolled out its new pricing last month.