Managers of Wealth

Close Brothers - Trading Update

All statements in this release relate to continuing operations over the five months to 31 December 2019

HSBC Jade debuts The Enrich List for its high-net worth clients

The Enrich List is a portfolio of 50 unique global experiences with a focus on self-discovery and personal growth

How Switzerland’s oldest private bank is evolving for its growing Middle East client base

Lombard Odier aims to keep up with the times by integrating technology, sustainable investing and Islamic finance

Julius Baer launches digital assets services

The Bank is able to offer access to a select group of cryptocurrencies, chosen for their tradability, safety, and technical reliability.

UBS Misses Key Targets in Challenge to Iqbal Khan Overhaul

The Swiss bank failed to meet several key metrics set during the last revamp of goals just over a year ago

UBS sells B2B fund distribution platform to Clearstream

As part of the transaction, UBS and Clearstream will enter into long-term commercial cooperation arrangements for the provision of services to UBS's Global Wealth Management and Asset Management business divisions

Analysts see private equity as good option for Quilter

It is understood that Warburg Pincus is looking to sell its stake in Reiss, the fashion retailer, freeing up money to invest elsewhere

Warburg Pincus Said to Mull Deal for Wealth Manager Quilter

Any purchase of Quilter would add to a flurry of take-private deals in the U.K., which could accelerate now after Boris Johnson’s election brought more certainty to the planned separation from the European Union.

A year in Donate a Days; why compounding isn’t just relevant to investing...by Penny Lovell

I’m excited to see what fantastic new charitable initiatives will be pursued by Sanlam employees in 2020 and beyond. Come to think of it, I think I might have 9 spare pairs of shoes to donate…

Standard Chartered Private Bank launches ESG Select to strengthen fund selection process

Sustainable investing is becoming a mainstream consideration for many investors and ESG products are increasingly accessible in this nascent space.

Morgan Stanley Plans to Add up to 35 Private Bankers

Expansion at Morgan Stanley contrasts moves made by rival UBS which is seeking to ax about 500 jobs globally with a focus on Europe and Asia.

Sanlam and Thesis: why Love Island has it all wrong…by Penny Lovell

I’ve been thinking about what it is that makes a relationship work.

GAM to start job cut talks in January 2020 and reduce bonuses

This process doesn’t envisage any changes to investment teams.

Wealth firm to seal four deals as it embarks on new chapter

Harwood Wealth Management reveals it has signed ‘heads of terms’ for four acquisitions a few weeks after it announced US private equity giant Carlyle Group was buying the business for £90.7m.

Wealth consolidator's profit jumps 80% on buy spree

AFH Financial moved further beyond the £6bn mark after spending a little more than £30m on eight acquisitions over the year.

Quilter CFO on creating value through deal-making

Mark Satchel reveals in an interview how undertaking numerous acquistion and disposals helped him become the finance chief of the FTSE-250 wealth manager.

Bank of America adds advisors to cater to the ultra-wealthy

The wealth division, which caters to individuals with at least $3 million to invest, added 64% more households in 2019, helping the unit end the year with a record of $288 billion in assets under management.

SJP: IFAs need to ‘educate’ to recruit new advisers

“That’s our challenge: that group of people have to be engaged.”

Why UBS's Wealth Management Operations Remain Key To Its Prosperity

We find that wealth management is the most important segment for the bank – accounting for more than half of the bank’s revenues.

It will get tougher for the rich in US

They had a party going all through the last decade and it’s coming to an end

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Wealth and Asset Management