05/10/2019
Vontobel Wealth Management targets Mexico, Brazil hires
The Latin America head is also working to hire more relationship managers serving Brazil and has already made headway on that front.
Wealth and Asset Management
05/10/2019
Brewin Dolphin Holdings PLC Interim Management Report For the Half Year Ended 31 March 2019
We are investing in our business to support future long-term growth.
05/10/2019
Mediobanca eyes Julius Baer's Kairos in asset management drive
The investment bank is interested in doing mid-sized deals in wealth management and has the financial muscle to fund them.
05/10/2019
Investec to sell wealth arm
This acquisition, which is consistent with our strategy of growth in assets under management, provides us with an exciting opportunity to strengthen substantially our existing presence in the Republic of Ireland
05/10/2019
OCBC posts 11% rise in Q1 profit to S$1.23b
The last of the three local banks to report Q1 results, OCBC said total income for the first quarter rose 15 per cent to S$2.68 million, from S$2.33 billion a year ago.
05/10/2019
Lighthouse investors give £46m Quilter deal thumbs up
The fund manager told Wealth Manager earlier in the week that he was 'disappointed' at the price Quilter was paying and encouraged rival firms to launch counter bids.
05/10/2019
Run + connect + grow: The formula to modernizing your wealth business for growth
Ultimately, a wealth manager’s competitive advantage will come down to cost, differentiated service and delivery of a dynamic customer experience.
05/10/2019
Wall Street’s safe bet on trust banks turns sour
State Street and BNY Mellon are getting squeezed as investor clients seek lower fees
05/09/2019
Penny stock crash: First private bank rep takes stand, reveals losses
The account was opened for trading investments supported by lending provided by Coutts with shares in Blumont Group Ltd and Asiasons Capital Ltd provided as margin security.
05/09/2019
Private Banking: Seven Recommendations to Stop the Rot
The fall in equity prices brought back memories of last fall, when investors sold off their assets.
05/09/2019
CreditEase Wealth Management Wins Two Best Wealth Manager Awards
The participants are required to be Chinese wealth management agencies, private banks or foreign-funded institutions operating in China.
05/09/2019
Raymond James recruits longtime Arvest wealth managers
Ward did not disclose the amount of assets managed by the three advisers while at AWM, and those assets don’t necessarily follow them to Raymond James.
05/09/2019
Two-thirds of clients switching wealth managers
Nearly half of clients (46 per cent) were found to be unhappy with the fees that they pay and do not trust they are being charged fairly, with dissatisfaction particularly high among ultra-high net worth clients (66 per cent).
05/09/2019
World’s Rich Put a Third of Funds Into Cash as Trade War Simmers
High-net-worth portfolios have 32% liquid, bank’s survey shows
05/08/2019
Aligning the Stars: How Indosuez Wealth Management Aims to Offer the Best of Both Worlds
In Indosuez Wealth Management’s view, de Boer notes that the first quarter of 2019 has been a reaction to what was an over-reaction to the downside of the final quarter of 2018.
05/08/2019
Merrill Lifer Managing $250 Million Signs Up with RBC
The bank this year imprinted itself more firmly on its wealth management businesses by re-christening its U.S. Trust private banking unit and relegating the Merrill name to sub-brand status.
05/08/2019
Wealth managers need to provide liquidity or see more AUM tied up in cash, says GlobalData
HNW investors have had little incentive to allocate funds to cash and near-cash investments in recent years, with rates at record lows across most of the developed world.
05/08/2019
Hong Kong’s Wealth Managers Lack Chutzpah to Charge for Advice
Private banking clients in Hong Kong have been accustomed to free advice, despite significant and growing investments made into market research, product selection and a myriad of platforms.
05/08/2019
Swiss WM association looks to broaden its membership
He noted that this year, the group’s main topics of discussion include regulation and technology.
05/08/2019
The Transformation of Client Engagement
You may have heard reports in the industry about a new private wealth management proposition called focus:wealth.