04/17/2019
BofA Wealth Unit Boosts Profits 14%; No Plans to Sell Retirement-Plan Ops
Some 11% of new client relationships for Merrill advisors came from referrals in other parts of the bank in 2018, and that level could rise this year.
Wealth and Asset Management
04/17/2019
Butterfield to Announce First Quarter 2019 Financial Results on April 25, 2019
Butterfield executives will also host a conference call for investors
04/17/2019
Nomura: Refining the Wealth Management Proposition for Asia’s UHNWIs
The firm focuses on ultra-high-net-worth-individuals and the upper end of HNWIs, tailoring advice and solutions.
04/17/2019
GAM Bleeds Assets
Subject to the successful execution of the above, a final distribution will be made to clients as soon as possible
04/17/2019
Quilter assets under management increase despite market challenges
The firm saw net outflows of £200m in the quarter, down from £1.6 inflows in the first quarter of last year.
04/17/2019
BNPP AM aims for new client segment in Malaysia
The firm is in discussions with a local asset manager to white-label its products for retail and wholesale clients.
04/17/2019
UBP partners with US alts firm to launch long/short credit strategy
‘At this point in the cycle, we believe that there are a lot of opportunities for a long/short strategy in credit.
04/16/2019
Lombard Odier wins three leading European awards
The awards are conferred by a panel of judges brought together by WealthBriefing, a premier news, features and information source for the global wealth management sector
04/16/2019
Morgan Stanley pushes in Asia with hiring drive
This typically results in a compensation to revenue generated ratio that is two to three times higher than under a discretionary model, a former private banker told the publication.
04/16/2019
Goldman Expanding Wealth Management to the Masses
“We will pursue partnerships to engage the mass market,” Goldman Chief Executive David Solomon said on a conference call with analysts after the company reported first-quarter results that failed to meet analysts’ revenue expectations.
04/16/2019
Credit Suisse: Iqbal Khan's Gamble
The 43-year-old's name surfaced with the entrance of ex-Credit Suisse banker Romeo Lacher as chairman at Julius Baer, as finews.asia reported.
04/16/2019
SEI Welcomes 7,400 Advisor Clients to the SEI Wealth Platform
Landmark Milestone Underscores Strength and Success of SEI's Global Wealth Management Solution
04/16/2019
Northern Trust Asset Management Seeks Minority-Owned Broker-Dealers as Part of Diversity Commitment
Diversity is foundational not only to how we do business, but to how we invest, said Chief Investment Officer Bob Browne, CFA.
04/16/2019
Wealth Management in the Philippines: Opportunities and Challenges in Abundance
They both summarised Allfunds, its digital platform and its relevance for wealth managers in the Philippines and the wider region.
04/16/2019
Kingswood Holdings loss narrows following cost reductions
Gary Wilder, Kingswood's group chief executive, said: "Since Patrick Goulding and I have taken over day-to-day management control at the board's request earlier this year, we have now implemented the significant changes that were originally
04/16/2019
JPMorgan’s FA Ranks, Wealth Management Revenue Grow Slightly
By the end of this year, the company plans to have around 6,500 advisors globally
04/16/2019
Julius Baer International opens office in Belfast
“The office houses relationship managers and wealth planners who understand the local and global markets and are highly respected within the private client community.”
04/16/2019
Credit Suisse aims to take control of China securities venture
China now allows foreign banks to hold controlling stakes in securities joint ventures as a major part of the country’s pledge to ease ownership curbs, especially in the trillion-dollar financial sector.
04/16/2019
Sanlam UK acquires financial adviser and employee benefits firm
“We look forward to working with our new colleagues at Sanlam to grow the business in the North of England and continuing to provide a goal-driven service for our clients.”
04/16/2019
Equilibrium Asset Management sets £1m charity target
Gaynor Rigby, Managing Partner at Equilibrium Asset Management, said: “Giving back is part of the very fabric of Equilibrium – we do a lot of work through the Equilibrium Foundation and always emphasise the importance of charity work to the te