02/22/2017
China's Wealth-Management Time Bomb
The overhaul involves regulators for the banking, securities and insurance sectors.
Wealth and Asset Management
02/22/2017
Boutique wealth manager launches final salary pension guide
Pension funds rely on bond yields to fund yearly payouts, and when yields are low, as they are now, they have to spend more to get the same annual return.
02/22/2017
India expected to be among top performing wealth markets till 2026
Global wealth is expected to rise by 35 per cent over the next decade.
02/22/2017
BCV Group posts CHF 310m net profit in 2016
The Group will pay out a total of CHF 284m to shareholders.
02/21/2017
SJP swoops on Dorking-based advice firm
Following the deal HJP will become a restricted advice firm.
02/21/2017
Software asset management maturity in the age of SaaS
The process of software asset management needs adapting
02/21/2017
iCapital Network Awarded Best Fund Product for HNW Clients
The Private Asset Management Awards-presented by Private Asset Management magazine-recognize excellence in the wealth management industry.
02/21/2017
Arbuthnot Banking on track
As previously announced in December 2016, the Group completed the purchase of the Duncan Lawrie loan portfolio.
02/21/2017
Credit Suisse Returns to Its Roots in Europe
The trend was pronounced in Europe, the only region where revenue from managing money for the wealthy declined even as client assets grew
02/21/2017
Bowing to the Rules of the Market
It had reached an agreement with Northern Trust to sell the business to the U.S. firm.
02/21/2017
HSBC Slumps Due to Private Banking Writedown
The 2016 profit reflected a $3.2 billion impairment of goodwill in its global private banking business in Europe and the impact of its sale of operations in Brazil
02/21/2017
Monaco Welcomes a New Vistra Office and the Launch of Vistra Private Office
They will have access to a team of experienced Vistra professionals, based in all major jurisdictions
02/21/2017
MSCI to reshape WMA’s alternatives benchmark
The global equity index includes large and mid-cap stocks but is also exposed to a range of factors including value, momentum, quality and smaller company, in order to provide a correlation to alternative assets.
02/21/2017
Close Brothers Group hosts Sir Anthony McCoy book launch
Close Brothers is listed on the London Stock Exchange and employs 2,800 people principally in the UK
02/21/2017
Australia emerges as No 1 destination for world's super rich
Millionaires or High Net Worth Individuals refer to individuals with net assets of USD 1 million or more.
02/21/2017
Financial services firm invests in apprenticeships
They will also benefit from a mentoring scheme to assist them through their apprenticeship programme.
02/20/2017
Swiss Banks Face Withdrawals Due to Tax Clampdown
Those who decline to participate in amnesty programs often have to move their accounts.
02/20/2017
Chinese Banks' Off-Book Wealth Products Exceed $3.8 Trillion
The products are a key reason behind the growth of shadow banking in China, and have been used by some financial institutions as a way to extend funds to risky borrowers and evade capital requirements.
02/20/2017
St James’s Place joins drive for more ethical investment
Wealth manager to raise profile on environmental, social and governance issues
02/20/2017
Northern Trust to Acquire Fund Services Units of UBS
Northern Trust has operated in Luxembourg since 2004, and the transaction will make Northern Trust a top 10 asset servicing provider in terms of assets under administration.