07/18/2018
Genstar Capital Acquires Majority Stake In Cetera Financial Group
The deal will be a full recapitalization of the broker/dealer, which will retain its current operational structure.
Wealth and Asset Management
07/18/2018
Investors should breathe easy — for now
Other investors, like Mohamed El-Erian, have also said that the United States may be better off because of the tariffs.
07/18/2018
Pictet WM: Asia’s industry leaders the better bet
Gaud zeroed in on China’s domestic healthcare industry as an example.
07/18/2018
Bill Gates and a group of investors are backing a $30 million 'venture philanthropy' fund to tackle Alzheimer's
Alzheimer's is a brain disease that affects memory, motor functions, and eventually, a person's ability to function properly in daily life.
07/18/2018
Hermes sets high target for Asia growth
In view of the ambitious growth target, she said acquisitions are one option, but declined to give any details.
07/17/2018
‘Honesty is best policy’ in dealing with HNW clients
He says that this business model is slowly disappearing all over the developed world, and not only in the wealth management business.
07/17/2018
Time's Up for the Wealth Management Industry
A recent survey made me feel deeply ashamed to be a part of the industry with the highest recorded prevalence of sexual harassment.
07/17/2018
Why would you want to put your money in Switzerland?
The basic background here is that the world is moving towards greater clarity over whose money is where.
07/17/2018
Arbuthnot Banking's first-half profit rises, to set up secured lending business
In line with our diversification strategy we have also reached an agreement with an incoming management team to establish a new lending division that will be named Arbuthnot Specialist Lending,” Chairman Henry Angest said.
07/17/2018
Wealth management is the new buzzword in financial services sector
The amount of wealth creation is increasing in India, leading to a greater need for people to manage it
07/17/2018
What wealth managers can do to get Brexit-ready
Most boardrooms and executive management teams acknowledge that it’s the biggest challenge in what could be the largest ever upheaval of the UK’s financial markets.
07/16/2018
Wells Fargo CFO says reputation issues a challenge for wealth unit
He said reputation issues had not hurt profit in the unit, however.
07/16/2018
Establishing a Business Presence in the United States
The way ECI and FDAP is taxed and collected differs too.
07/16/2018
A first for a Singapore private bank
Currently serves its European clients from its Singapore headquarters and through its parent company OCBC Bank’s London office.
07/16/2018
Indosuez beefs up Asia client relations team with 6 bankers
The additions to the team in Hong Kong and Singapore come a year after Indosuez acquired the private banking business of Credit Industriel et Commercial in the two markets.
07/16/2018
Investment management group halves gold exposure in its fund range
The gold trade, which we initiated at the end of 2015, has served portfolios well, especially as we moved through a period where markets have been driven more by liquidity than fundamentals.
07/16/2018
Standard Life Aberdeen backs £17.5m Saranac fundraise
There two new groups joining the shareholder list, the Noé Family and US based structured credit firm Zais Group.
07/16/2018
WH Ireland joins Research Tree’s growing platform
"...we see Research Tree as a great way to help us in maximising the distribution of our research offering"
07/16/2018
Wells Fargo wealth unit profit slumps 37% in Q2
The division’s revenue for the quarter ended 30 June 2018 was $3.95bn, down 6% from $4.22bn in the corresponding quarter of 2017.
07/13/2018
Netwealth sees 'once in a lifetime shift' in wealth management
Matt Heine, who along with his father Michael Heine heads up the Melbourne-based company