08/23/2018
SW Mitchell profits doubled ahead of losing SJP mandate
Boutique manager replaced on sub-advised funds totalling more than £750m
Wealth and Asset Management
08/23/2018
Mercer Advisors Expands Mergers & Acquisitions Team with 3 Veteran Hires
These individual leaders all have multiple decades of experience as financial advisors or working directly with RIA firms to support business growth.
08/23/2018
Credit Suisse Wealth Unit Froze $5 Billion on Russia Sanctions
The international wealth management unit manages 370 billion francs in private banking assets.
08/23/2018
HSBC Private Banking on Asian recruitment drive
As many Asian territories continue to drive global economic growth, this wealth creation is expanding the number of high net worth individuals in need of private banking services
08/23/2018
UBS Launches Social Impact Funds for Private Clients
The equity fund carries a management fee of 75 basis points, while the fixed income fund carries a 15 basis point fee.
08/23/2018
Private Banking: When a Client Asks for Crypto
They are eager to learn about creative investment solutions with guaranteed returns, for instance in real estate or private equity.
08/23/2018
JPMorgan to lay off 100 in asset management division
The spokeswoman declined to comment on which roles or individuals would be involved.
08/23/2018
BCV Profit Rises
On the liabilities side, customer deposits grew 2%, or CHF 519m, to CHF 31.0bn
08/23/2018
LLB With Record New Money
The growth of general and administrative as well as personnel expenses reflects the investments we have made in our StepUp2020 strategy.
08/23/2018
Layoffs confirmed following Vontobel acquisition of Raiffeisen PB
These negotiations will have focused on older staff being laid off.
08/23/2018
Raiffeisen reports rise in AUM
These results were recorded just after Finma concluded its investigation into Raiffeisen Switzerland
08/23/2018
Royal Bank of Canada reports record third quarter 2018 results
This quarter’s strong performance also reflects relatively stable credit quality with provision for credit losses (PCL) on impaired loans ratio of 17 basis points (bps) and PCL ratio on loans of 23 bps.
08/23/2018
What Advisors Need to Know About Business Owners and Millennials
In an interview with ThinkAdvisor, David Murphy of Boston Private debunks a misconception about millennials.
08/23/2018
Six UBS Advisors Named to Forbes List of Top Next-Generation Wealth Advisors
Recognition of exceptional careers in Financial Services
08/23/2018
Credit Suisse Private Banking: The roadmap to recurring revenues
SJ Hwang is Head of Credit Suisse Private Banking’s Products and Solutions Group for Asia Pacific.
08/23/2018
Gresham House celebrates positive results
Total realisations of £24.2m in the 3-year period, cumulatively generating £9.0m realised profits at 28.5% IRR and 1.60x money, significantly exceeding target returns
08/22/2018
9 golden rules for wealth management to generate best returns
Wealth management is a long term process that grows with time
08/22/2018
VP Bank H1 net income drops 7%
The bank’s cost/income ratio in the first half of 2018 stood at 70.3%, versus 64.6% last year.
08/22/2018
UBS to launch sustainable multi-manager funds
The Luxembourg-domiciled Ucits funds will use the wealth management arm’s chief investment office strategies and will invest in fund managers that are implemented in the mandates.
08/22/2018
Wealth management must join the Digital Revolution
By 2030 the generational transfer of wealth is estimated to be worth 4 trillion USD.