06/07/2019
UBS recruits two dozen brokers. Will it hire more?
In 2016, UBS pulled back on recruiting, citing high costs.
Wealth and Asset Management
06/07/2019
Africa: New Frontier For Private Banking
A rising entrepreneurial class is fueling the growth of African private banking, and competition is heating up.
06/07/2019
$17B gone: The biggest-ever advisory team exit and the bank that lost it
If all that wasn't enough, only seven years have elapsed since the bank paid a groundbreaking $125 million to the advisors to acquire the RIA, Luminous Capital.
06/07/2019
Are you richer than you think? How to calculate your net worth by Penny Lovell
‘Your net worth is usually determined by what remains after your bad habits are subtracted from your good ones.’ – Benjamin Franklin
06/07/2019
Credit Suisse to team up with WM platform provider
Credit Suisse launched the first digital private banking solution in the region in 2015, and partnered with the fintech company Canopy in 2017 to make accessible to its clients an automated account aggregation platform and reporting solution.
06/07/2019
Fidelity Plans New Wealth Management Platform
New open architecture platform will deliver deep integration with eMoney and access to leading investment and technology solutions, plus Fidelity’s robust service and a simplified client experience
06/07/2019
UBS Recruited Fewer Than Two Dozen U.S. Advisors This Year, Executive Says
“That’s obviously not a lot for a major wirehouse firm,” Louis Diamond, a New York-based recruiter with Diamond Consultants said of the new-broker count. “It definitely fits with the narrative about selectively recruiting.”
06/07/2019
How wealth management has evolved
The year 2018 was full of surprises from a regulatory point of view
06/07/2019
Axxsys joins larger asset and wealth consultancy
Axxsys has provided specialised management consultancy and technology implementation services to the investment management industry since 2003.
06/07/2019
“Rich people are mostly born rich”
There are different routes to making a fortune, depending on the age and part of the world you live in.
06/06/2019
HSBC Global AM to launch green bond fund
It is expected that this framework will also encourage transparency and knowledge sharing amongst investor and issuer communities.
06/06/2019
India's wealth managers buck the Asia trend with 18% asset growth
As wealth grows in India, the country is attracting even more investment from abroad.
06/06/2019
Wealth manager drops Woodford after suspension
Mr Woodford stopped money going in or out of his Woodford Equity Income Fund after increasing numbers of investors asked for their money back.
06/06/2019
300 advisers join Schroders Personal Wealth
Financial planning firm will offer ongoing advice
06/06/2019
Julius Baer Gruppe makes 300 mln Sfr bond placement
The new securities have been assigned a Moody’s Baa2 instrument rating
06/06/2019
New York Private Bank & Trust Partners With Autus Asset Management
The partners of AUTUS have built a pre-eminent wealth management firm that provides their clients with the highest levels of personalized advice and service,” said Karl Heckenberg, CEO of Emigrant Partners.
06/06/2019
UK wealth manager eyes £2bn AUM
As double acquisition adds around £250m towards its target
06/06/2019
Canaccord Genuity Reports Fiscal Results
Excluding significant items, fourth quarter earnings per common share of $0.12 (1)
06/06/2019
Investors plough £10m into UK's newest private bank
The fund rasing was disclosed in the company's annual results, which showed operating expenses up 17.5% at £12.1 million last year and total income 63% higher at £6.4 million.
06/06/2019
Dolfin powers up with Falcon acquisition
The London wealth management boutique is makes new headway with the acquisition of Falcon private bank amid raft of impressive hires, reports Arun Kakar