07/24/2017
Wells Fargo accidentally leaks 1.4 gigabytes of information on high net worth clients
The majority of the affected customers are clients of Wells Fargo Advisors, the branch of the bank that serves high-net-worth investors.
Wealth and Asset Management
07/24/2017
Billionaire-Backed Mason Plans Acquisitions for Wealth Unit
We are building a financial platform to tap into the global asset-allocation business.
07/24/2017
Rothschild banking dynasty enters seventh generation
Who has his eyes firmly fixed on preserving and extending the legacy.
07/24/2017
Which industry is best for women to climb the wealth ladder?
The figures are even more disparate for women in other sectors.
07/24/2017
WH Ireland increases revenue
The Private Wealth Management division has continued to develop its client proposition around advice and fee related business.
07/24/2017
Atlantic Pacific Securities rebrands for wealth focus
The group said it strives to build an integrated and diversified offering, with the rebrand driving synergy across operations.
07/21/2017
Credit Suisse’s Once-Mighty Equities Unit Struggles Under Thiam
The equities business is symptomatic of the bigger problems at the company.
07/21/2017
Alex Fung: «Looking to Hire Selectively»
The former investment banker turned wealth manager sat down with finews.asia and finews.asia-TV in Zurich to discuss his recruiting plans, salary packages for Asia private bankers, and mergers and acquisitions.
07/21/2017
Close Brothers Asset Management boosted by 'strong' inflows
The group will report results for the year to 31 July 2017 on 26 September 2017.
07/21/2017
Rebranding Weighs on Profit
She took charge of a rebranded company that faced the task of digitization and of broadening its reach by opening new high-street branches.
07/20/2017
Indonesia's Bank Mandiri makes private banking push in Singapore
Both countries are signatories to the Automatic Exchange of Financial Account Information (AEOI) led by the Organisation for Economic Cooperation and Development.
07/20/2017
Swiss Bank Advises on Canary Wharf Asia Sale
Its private bank in Asia and its Swiss-based asset management arm closely cooperated in closing the deal.
07/20/2017
Wealth management profits jump 30.5% at U.S. Bank
Profits from the businesses were even more robust, climbing 30.5% to $124 million from $95 million in the same quarter a year ago.
07/20/2017
As Morgan Stanley hits wealth records, analysts ask how long it can last
Its pre-tax profit margin of 25 percent came in at the top of Chief Executive Officer James Gorman's targeted range of 23 percent to 25 percent by the end of this year.
07/20/2017
Deutsche Asset Management expands empire
The firm’s current investment mandates for Australia focus on acquiring substantially stabilised.
07/20/2017
Wealth managers targeted to boost protection sales
While mortgage advisers currently make up a large proportion of protection product distribution, the section of the market occupied by wealth managers is comparatively small, he explained.
07/20/2017
Boutique Bank to Double Headcount
The fact that the team in Singapore has been reinforced highlights the growing importance of the Asian market to VP.
07/20/2017
Wall Street banks have found a great new way to make big money now that trading is down
The key is that it is usually fee-based, which means a recurring source of revenue for the adviser.
07/20/2017
Northern Trust's net income rises slightly in Q2
Current quarter included expense charges of $22.8 million associated with severance and related activities
07/20/2017
Coutts Integration Costs UBP
The Tier 1 ratio, at 26%, remains well above the minimum requirement stipulated under Basel III and by the FINMA.