08/22/2018
Wells Fargo pushed wealth advisors to use high-fee products, cross-sell
In mid-July, Yahoo Finance reported on increasing sales pressure in the wealth management sector of Wells’s Private Bank.
Wealth and Asset Management
08/22/2018
Improving financial and physical health
Engaging and encouraging consumers to improve their financial and physical health.
08/22/2018
SS&C GlobeOp Forward Redemption Indicator at 2.73 per cent for August
The August 2018 reading of 2.73 per cent continues the generally favourable trend in asset retention that we’ve seen over the past year and a half, indicating investor confidence in hedge funds remains high.
08/22/2018
HSBC Private Bank targets UK in 240-strong global hire spree
The drive is part of a wider expansion of the unit’s global headcount
08/21/2018
Wealth managers take wait-and-see approach to tariffs
A recession seems at least a year away, but a full-blown trade war could bring one sooner
08/21/2018
Unprecedented market changes can be a ‘fantastic opportunity’
Despite increased competition,the affluent and private banking market in Asia keeps growing.
08/21/2018
Corporate bond, credit risk MFs are debt investors' best bet: Sunil Sharma, Sanctum Wealth Management
How do you interpret the BSE Sensex reaching an all-time high, amid narrow market breadth?
08/21/2018
Ten asset managers doing time in the dog house
The fund groups with the most assets under management in ‘Spot the Dog’ funds
08/21/2018
Baillie Gifford mulls multi-asset trust launch as it takes crown from JPMAM
Now the largest provider of investment trusts
08/21/2018
Old Mutual Wealth calls for IHT nil-rate band rethink in Treasury open letter
She says a more simple solution would be to raise the standard nil-rate band and remove the residence nil-rate band.
08/21/2018
Merrill team managing $235 million goes indie with Raymond James
Mr. O'Mailia worked at Prudential, Smith Barney and Merrill Lynch over his 40-year career.
08/21/2018
World’s Biggest Wealth Fund Struggles Under Weight of Trade War
Like many global investors, however, it’s warning about the impact on the world economy of rising protectionism after U.S. President Donald Trump imposed tariffs on key trading partners.
08/21/2018
SA super-rich looking for a 2nd citizenship in Europe
This is according to Amanda Smit of Henley & Partners, a global citizenship and residence advisory firm. She responded to some questions from Fin24 on the matter.
08/21/2018
Brevan Howard Cuts Office Perks in London Headquarters
Firm continues to rent on first floor of Marylebone space
08/20/2018
EFG’s hire of top banker talent underlines regional ambitions in Asia
EFG International in late June announced the hiring of Richard Straus as the new head of its private bank in Hong Kong.
08/20/2018
Credit Suisse Sees Asia Wealth Race Shifting From Offshore Hubs
Seeking at least $10 billion of assets in each Asia market
08/20/2018
UBS Faces Tough Questions on Wealth Mega-Merger
The move burnishes the standing of Naratil the Swiss bank's U.S. head who returned to New York in 2016.
08/20/2018
What High-End Art Says About Rich Investors Right Now
Results from a well-known auction house reveal a couple of key trends.
08/20/2018
Economic Perspectives by Ruth Lea CBE
Despite higher fuel prices, CPIH inflation was unchanged at 2.3% in July. CPI inflation was a tad higher – at 2.5%.
08/20/2018
On tap rather than on top: the role of experts in the UK today -Stonehage Fleming
In a revised and updated paper, the Group argues that there is an urgent need to restore the balance between experts and skilled generalists