06/23/2017
Millennial entrepreneurs seek influence to boost communities
They want to use that influence to improve those communities.
Wealth and Asset Management
06/23/2017
Wall Street banks are helping rebuild European soccer clubs
We are building on a base in Europe, what we call greenfield.
06/23/2017
Fee pressure sees Signia Wealth hike passive exposure
The fund house's balanced fund currently has 20 per cent exposure to tracker funds, which in turn has helped reduce the total expense ratio.
06/23/2017
Blackstone Goes All In on Private Wealth
The alternative manager has been quietly building its private wealth business over the last five years, to the point where 15 to 20 percent of its assets under management now come from retail channels.
06/23/2017
European Wealth sells 48% stake to duo in £9m fundraise
Since its launch in 2011, European Wealth has been in part funded by debt.
06/23/2017
Baer integrates WMPartners and broadens its multi-custody wealth management capabilities
Julius Baer Group Ltd. has announced today the strategic realignment of its fully owned independent wealth manager WMPartners Wealth Management Ltd. Its expertise in serving clients with assets booked with different custodian banks will be insourced into
06/23/2017
CIBC Sees $5 Billion PrivateBank Deal Fueling U.S. Expansion
CIBC on Friday completed its $5 billion acquisition of PrivateBancorp Inc., the holding company of PrivateBank. Larry Richman, who ran the Chicago lender for the past decade, becomes CIBC’s group head of the U.S. region and CEO of PrivateBank.
06/23/2017
China Merchants Bank sees strong wealth unit growth as it expands overseas
Sees private banking assets growing 20 pct annually over 5 years
06/22/2017
Cheshire-based advice firm bought by Alexander Beard
Paul Beard, executive chairman of Alexander Beard Group, said that the acquisition fits its strategy of buying smaller practices in relevant locations.
06/22/2017
Raymond James reports 25 percent increase in AUM
The increase in client assets was largely attributable to market appreciation, aided by continued success in retaining and recruiting financial advisors in the Private Client Group.
06/22/2017
Liechtenstein-based private bank carves clear independent path in Asia
“Overall, the restructuring and additional investments we did in 2016 are bearing fruits and we are on track to go beyond initial targets,” he adds.
06/22/2017
China's $24tn private wealth is twice the size of GDP
Eight times more millionaires in China now than 10 years ago, report shows
06/22/2017
How Citi is staying ahead of the wealth management pack
Digitisation is a key priority for Citi
06/22/2017
HighTower entices advisers away from Wall Street institutions
Chicago wealth manager offers an alternative to traditional practices
06/22/2017
Russia’s Rich a Target for VTB as Foreign Banks Juggle Probes
State-owned bank may profit after scandals at foreign firms
06/21/2017
Australian high-net worth investors and family offices support growing local fintech
The financing has been completed via a special purpose bankruptcy remote structure with Perpetual as the trustee.
06/21/2017
Big UBS Breakaway Joins Dynasty, Lawsuit Follows
The wirehouse has also requested a temporary restraining order against the defendants, in a bid to stop them from soliciting more clients, as reported by FA-IQ sister publication, Fundfire.
06/21/2017
Hampden reaches £200m deposit milestone
The milestone was unveiled by Hampden following moves by the bank to steadily boost its senior management team in recent months.
06/21/2017
Mirabaud to Enter Private Equity
It is the partner-led private bank's first foray into private equity, after setting up a standalone asset management unit five years ago.
06/21/2017
Phil Wood of UBS in the Midlands
UBS is the largest wealth manager in the world.