11/21/2018
Julius Baer to extend cost cuts after profit blow
As a result of the margin decline, the private bank's cost/income ratio rose to 69% for the first 10 months of 2018, exceeding the targeted 64-68% range.
Wealth and Asset Management
11/21/2018
High-net-worth families surge
Meanwhile, the high-net-worth families which have assets over 100 million yuan expanded 9.9 percent year-on-year to 133,000 households, the report showed.
11/21/2018
Sustainable investing drives £723m rise in Liontrust assets
Chief executive John Ions said the company’s UK Special Situations fund was the fourth best selling fund to UK investors in the third quarter of 2018, and was now £3.9bn in size.
11/21/2018
Carrick Wealth launches ‘pioneering’ programme for advisers
Cape Town-based Carrick Wealth yesterday announced the launch of its Departure Enrichment Agreement (DEA), a programme that it believes will benefit the wider financial services sector.
11/21/2018
SMP Partners Expands in Cayman with Acquisition
Solaris will operate as a subsidiary of SMP Partners (Cayman) Limited with its own dedicated team
11/20/2018
Crestone lures heavyweight duo from Commonwealth Private
The hires come after Crestone last month handed down a 16 per cent increase in revenue to $97.9 million and earnings before interest and tax of $9.8 million for the 2018 financial year.
11/20/2018
Julius Baer grows 10M AuM by 2 pct
Assets under management at CHF 395 billion – Net new money growth close to 5% – Drop in client activity in Q3 affecting gross margin and cost/income ratio – Enhancing focus on core markets and reducing complexity
11/20/2018
Why Canada's wealth management sector is ripe for disruption
Martin Pelletier: The banks are now using the disruption in the industry to increase their market share by consolidating the independents
11/20/2018
Signature Family Wealth Advisors Joins Brown Advisory
The combined resources and expertise of Signature and Brown Advisory will enhance the platform for our industry-leading multi-family office service.”
11/20/2018
JTC Completes Minerva acquisition
Over the coming months, the Minerva business will fully rebrand to JTC and Minerva and JTC staff will be brought together in a number of key locations.
11/20/2018
Intrinsic loses large IFA firm
The firm runs a national partnership of 38 advice firms, which it hopes to grow to 45 by the end of the year.
11/20/2018
SJP joins forces with expat support firm in Singapore
St. James’s Place is a leading wealth management firm specialising in delivering face-to-face wealth management advice for individuals, companies and trustees.
11/20/2018
Thesis Asset Management launches IFA consultancy service
Thesis Research and Consultancy Service (TRACS)
11/20/2018
GAM offers special retention bonuses to managers
Earlier this month the group’s CEO Alexander Friedman stepped down and David Jacob was appointed as interim CEO.
11/20/2018
GAM Cuts Jobs in Slim-Down
The number of jobs wasn't disclosed, and appears to be as yet unclear due in part to U.K. labor law.
11/19/2018
Wealth manager Murphy creates business advisory unit
Mr Murphy’s brother in law Damian Pike, who was previously in charge of business development at logistics specialist DHL, has been brought in to run the advisory arm
11/19/2018
Wealth management firm Acumen acquires West Lancs rival
Acumen has completed the takeover of Wyre Investment and Financial Management, taking on two staff, 400 active clients and funds under management of around £40m
11/19/2018
Asset diversification vital for Asia’s HNWIs as global markets vacillate
Through diversification of exposure, clients would be able to reduce overall risk while maintaining meaningful exposure to equity market performance.
11/16/2018
Addepar CEO says investors want better returns, fear volatility
Global markets have been rocked lately by inflation concerns, the simmering trade war between the United States and China, and worries that Britain will leave the EU on March 29 without a trade deal.
11/16/2018
Bank of China to set up wealth management subsidiary
BOC is the first among the big four state-owned banks to make the move, announcing it will invest US$1.44 billion in the plan