10/28/2019
A Wealth Tax Requires Calculating Wealth Properly
The very fact that people may have to liquidate assets in order to pay taxes that are due is a scary enough prospect.
Wealth and Asset Management
10/28/2019
Ermotti Says UBS ‘Obsessed’ With Costs as He Weighs Next Steps
“It’s not just an investment bank issue, it’s across the board,” Ermotti, 59, said in the interview at UBS’s New York offices. “Nothing is really untouchable.”
10/28/2019
HSBC warns of restructuring pain ahead as outlook darkens
HSBC reported pre-tax profit of $4.8 billion for the third quarter on Monday, compared with the $5.3 billion average of analysts’ forecasts.
10/28/2019
Rachel Wilson: Cyber Cop at Morgan Stanley Wealth Management
And she reveals how a bunch of cyber criminals “in a basement somewhere in Tehran” drew her to Wall Street.
10/28/2019
Julius Baer ups Hong Kong headcount despite ongoing civil disorder
He also added that the majority of its recent appointees were drawn from competitor banks within the Asia-Pacific region
10/25/2019
Raymond James’ Private Client Group Adds 107 FAs
Financial advisor retention remained strong and recruiting momentum rebounded from a slow start to finish the fiscal year with the second best year for recruited production,” Raymond James chairman and CEO Paul Reilly says in a statement.
10/25/2019
Mediobanca CEO defends strategy under fire from Italian billionaire
But Mediobanca CEO Alberto Nagel, who is due to present a new business plan on Nov. 12, told a conference call that his growth strategy was based on organic assumptions.
10/25/2019
People’s finances are an emotional topic
It is so important women know about their finances, they live longer than men, they retire with less super and need to be invested for longer.
10/25/2019
Whisky fund opens up to UK wealth managers
A Sweden-listed whisky fund is to try and raise capital from UK wealth managers and family offices
10/25/2019
Lombard Odier wins first Islamic finance award
The Islamic Business & Finance awards benchmark the top performers in a rapidly growing industry.
10/25/2019
Succession gains £500m AUM with adviser acquisition
Underpinning Succession’s ongoing focus on profitable, nationwide expansion and integration of large-scale businesses
10/24/2019
State Media Cautions Against Bragging About Chinese Wealth
China's GDP per capita is still below $10,000.
10/24/2019
AMP sees record outflows from wealth management products
The outflows were driven by A$600m in pension payments to clients and a further A$200m in in payments as a result of the introduction of the ‘Protecting Your Super Legislation’
10/24/2019
Profile: the new wealth gatekeeper with £100m ambitions
With almost three decades at Coutts between them and senior positions at two major private banks Samik Mukherjee and David McLellan decided to take a chance on going solo
10/24/2019
Schroders to take over as manager of Woodford investment trust
Neil Woodford resigned from eponymous investment vehicle earlier this month
10/24/2019
Rothschild & Co acquires advisory firm
Livingstone provides M&A, debt and special situations advice to entrepreneurs, and private and private equity-backed companies in the mid-market segment.
10/24/2019
Brooks Macdonald sees £28m of ouflows
Modest FUM growth, continued focus on efficiency, on track to meet full year expectations
10/24/2019
Coutts and Adam & Co get record Natwest referrals
Coutts and Adam & Co recorded the ‘best year yet’ for referrals from Natwest Commercial Banking, with 30% of new clients coming from the wider group.
10/24/2019
Swiss Life AM buys sustainable energy boutique
Renewables and efficient use of energy offer especially attractive investment opportunities.
10/24/2019
Morgan Stanley Wins Three Industry Awards
Modern Wealth Platform (WealthDesk), Portfolio Risk Platform and Morgan Stanley Impact Quotient are cited