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
Wealth and Asset Management
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.
05/08/2019
What are some of the advantages and disadvantages of offshore banking?
The opportunity to bank offshore or internationally is more accessible than ever.
05/08/2019
Britain’s super-rich are Corbyn-proofing their finances
Efforts to protect wealth should Labour take power are being stepped up
05/07/2019
Stevens First Principles Investment Advisors to Join Focus Partner Firm
They will have access to the additional resources and infrastructure of BFSG to further enhance their clients’ experience and ensure continuity of service by joining a like-minded organization.
05/07/2019
Bradesco to boost offshore biz with Miami acquisition
Bradesco stated it plans to retain BAC Florida’s personnel and clients and expand its operations.
05/07/2019
Adding Value and Enhancing the Offering as Private Wealth in Thailand Surges
Addressing the state of the wealth management industry first, Supornpaibul observes that the market is far more active than ever before, with participants focusing most of their energies on chasing down the onshore money rather than the offshore funds.
05/07/2019
UBS: The American Dream
Since February 2018, the U.S.-based brokers at UBS and the Swiss private bankers are sitting in the same boat, having become part of the new super-division dubbed Global Wealth Management.
05/07/2019
SunTrust opens new Private Wealth Management office
The Boston team is the latest example of SunTrust Private Wealth Management expanding into new markets.