06/27/2019
Wealth manager sells majority stake to LGT
LGT is taking a controlling majority stake in Validus Wealth, with the remaining shares to be retained by the company’s existing management team.
Wealth and Asset Management
06/26/2019
Wealth manager: Budgets don’t work—do this instead if you want to build wealth
As long as you establish how much you need to save each month for retirement, your emergency fund and any other big, future purchases, and you actually set that amount aside, you don’t have to budget at all.
06/26/2019
Norway wealth fund allowed to invest again in Walmart, Rio Tinto, others
The fund, one of the world’s largest investors, has an ethical mandate set by parliament and is not allowed to invest in companies that produce nuclear weapons, cluster munitions and tobacco, among other ethical criteria.
06/26/2019
Wealth firm aims to ‘disrupt’ global private banking space
Newly created business eyes $5bn in assets under management by 2022
06/26/2019
Wealth managers battle to keep pace with robo technology
Tech upgrades become almost out of date straightaway
06/26/2019
PSG and NFB scoop top honours in wealth survey
Intellidex and Investors Monthly rate the best private banks and wealth managers
06/26/2019
The ticking cost bomb for asset managers
The savings could be made via automation and shifting functions to lower cost locations, it noted.
06/26/2019
Ticino firm expands to Zurich
Mikro Kapital currently operates in 15 countries, covering Eastern Europe, CIS countries, East Asia and Central America.
06/26/2019
Lugano WM teams up with Baltic firm
It is currently registered for sale in Etonia, Latvia, Lithuania and Sweden.
06/26/2019
Cavendish Asset Management refreshes fund management team
The complementary combination of my stock-picking skills and Nick’s insight into timing trading has brought a lot of success to the AIM and Opportunities funds, which makes this move a natural next step for the fund.
06/26/2019
Reddings Wealth Management Joins Initiative to Empower Women in Finance
Having launched on International Women’s Day this year, the Network is seeking to change the financial sector to better cater to the needs of women.
06/25/2019
Does your firm want a lead—or a customer?
This type of lead scoring is also very focused on short-term sales—that is, finding any advisor for sales to call who seems interested enough to buy now.
06/25/2019
EFG International opens advisory branch in Portugal
EFG is also announcing the appointment of Pedro Rego as the new Head of its Portugal branch, effective May 2019.
06/25/2019
Boston Private’s Ambitious Growth Plans
The bank hopes to have $50 billion in AUM by 2022
06/25/2019
68% of HNW investors want to help create a better future through sustainable investing
Returns take a backseat as investor motivations evolve
06/25/2019
Bellevue Group could sell loss-making bank as revamp stalls
In recent years, there has been a consolidation within Switzerland’s fragmented wealth management landscape, as the steady erosion of the nation’s famous banking secrecy made it less attractive for foreigners to stash cash in Switzerland, cons
06/25/2019
Allfunds and Credit Suisse create a €500bn+ AuA Wealth Technology Platform
Singapore’s sovereign wealth fund GIC and private equity investor Hellman & Friedman acquired Allfunds in 2017 from Intesa Sanpaolo Group, Santander Group, General Atlantic and Warburg Pincus, with an eye towards expanding its reach.
06/25/2019
Julius Baer head of key EM clients launches Mayfair wealth adviser
The new firm, Azura, is targeting billionaire clients in Monaco and London.
06/25/2019
UK-based wealth manager enhances digital experience for HNW clients
Offers a range of investment management and wealth planning services
06/25/2019
Wealth manager secures funding for acquisitions
The wealth management group said it was pursuing acquisitions in the UK and internationally, confirming a "number" of deals were in the advanced stages of negotiation.