04/17/2020
UBS's billionaire clients keen on turnaround opportunities
The transactions and new opportunities range from refinancing existing debt to addressing margin calls, as well as finding investing opportunities.
Wealth and Asset Management
04/17/2020
Acquisitions boost London wealth management firm's income by nearly £10m
Not surprisingly, the rapid spread of COVID-19 and the unprecedented reaction of the global markets, has negatively impacted the value of our clients’ funds and consequently our second quarter total income.
04/17/2020
Pandemic Dents Morgan Stanley Wealth Management’s Numbers
Morgan Stanley Wealth Management saw $18.4 billion of net flows into fee-based accounts, up 24% from the net inflows recorded a year earlier.
04/16/2020
AMP wealth earnings tipped to plunge
AMP’s Australian wealth business recorded $6.3 billion of cash outflows in 2019 full year, slugging the division’s profit which had fallen by 49.9 per cent year-on-year.
04/16/2020
Deutsche Bank Wealth Management launches new strategic asset allocation ETF-based funds
The launch is in response to demand from clients for simple, cost-effective, long-term investment portfolios designed to address the challenges of unstable market cycles.
04/16/2020
How A $1.2 Billion Wealth Management Firm Got Ahead Of The COVID-19 Curve
While Reed’s medical expertise came as an administrator in the field of spinal medicine, his research background lent itself to relationships with epidemiologists who he says have long been warning about the chances of a global pandemic.
04/16/2020
Quantum Private Wealth launches operations in US
The firm further noted that it will offer customised advice depending on each customer’s short-term liquidity requirements and long-term goals.
04/16/2020
Swiss Banks Shrugging Off Payout Warning
They include Banque Cantonale de Geneve and St. Gallen and Zurich's cantonal banks (the latter is listed as systemically relevant alongside UBS and Credit Suisse).
04/16/2020
Managers of Wealth Appreciates Its Advertisers
We’d like to express gratitude to our fantastic sponsors here at Managers of Wealth.
04/16/2020
Schroders boss donates to Covid-19 charities as firm posts AUM loss
Harrison said the firm was “resilient” in the face of “this period of extreme market volatility”.
04/16/2020
Charles Stanley revenues rise as heavier trading offsets tumultuous markets
"Current trading is challenging, and at this exceptional time, it is difficult to predict what the outcome for the 2021 financial year might be"
04/16/2020
How wealth management must respond to COVID-19
The speed at which the impact of COVID-19 and governments' reactions to the virus in the shape of lockdowns have been felt across the world is part of what makes the crisis so unique.
04/16/2020
Covid-19 puts brakes on Tilney and Smith & Williamson deal
The new transaction structure would feature a "material" new equity investment and therefore a significant reduction in the external debt levels of the combined group.
04/15/2020
SEC outlook and governance trends for 2020
After a flat budget for fiscal years 2016 through 2018, funding was increased in 2019 to $1.68 billion.
04/15/2020
WMs on the importance of branding and attracting new clients
Three wealth managers tell us how they are promoting their companies to attract new clients.
04/15/2020
Review of the Week: The Bramble Bush
With the virus outbreak still in full swing, some Western nations are already mulling a relaxation of lockdown.
04/15/2020
Bank of America profits slump 45% as it braces for a surge in bad loans
Bank of America reported first-quarter earnings on Wednesday that beat analysts' revenue expectations but fell short of their earnings per share forecasts.
04/15/2020
Goldman’s profit tumbles 46%, but bank posts strongest bond-trading results in 5 years
“Revenues increased in investment banking, global markets and consumer and wealth management. However, the bank took a bath in asset management.”
04/14/2020
Swiss asset manager GAM doubles 2020 cost cuts amid outflows
GAM remains committed to its existing strategy and will provide a further update at the half-year results due for release on 4 August 2020
04/14/2020
Julius Baer to postpone AGM, propose split dividend
The Board of Directors took the decision despite a robust performance in the first quarter and a continued solid capital and liquidity position.