Wealth and Asset Management

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Wealth and Asset Management

Fifth Third Bank opens private bank office in Birmingham

Fifth Third Bank has opened its new Private Bank office in Birmingham, marking a significant milestone in the Bank’s strategic expansion across Alabama.    This addition builds on Fifth Third’s existing Birmingham location, which opened in year 2024 to provide commercial banking and treasury management solutions.    The launch of Private Bank services reinforces Fifth […]
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Wealth and Asset Management

Credinvest Bank increases profit

Like many other financial institutions, Credinvest Bank is feeling the effects of the unfavorable interest rate environment. However, the private bank is able to more than compensate for the decline in interest income from its commission business.   Credinvest Bank, headquartered in Lugano and also with a branch in Zurich, increased its net profit in […]
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Wealth and Asset Management

What’s holding you back from investing?

As Barclays launches its Investment Readiness Index, which is designed to benchmark the UK’s investment culture ahead of a national Invest for the Future campaign, Sasha Wiggins, Chair of the Invest for the Future campaign and CEO of Barclays Private Bank & Wealth Management explains why. £610bn sits in excess cash across the UK, reinforcing […]
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Wealth and Asset Management

Citi Announces Completion of 22.6% of Sale of Equity Stake in Banamex

Citi has announced the completion of the previously announced sale of 22.6% of the 24% equity stake in Grupo Financiero Banamex, S.A. de C.V. (“Banamex”) to several prominent institutional investors and family offices.    The investors in these transactions, which were announced in February, have received required Mexican antitrust regulator’s approvals and have met all […]
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Wealth and Asset Management

Canaccord Wealth introduces crypto exposure for HNW clients

Canaccord Wealth has made exposure to cryptocurrencies part of its tailored discretionary investment proposition for high-net-worth clients.   The new capability enables eligible clients to access exposure to crypto exchange traded notes (cETNs) within a discretionary portfolio.   In line with FCA guidance, the cETNs only provide access to the returns generated by bitcoin and […]
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Wealth and Asset Management

Inheritance boom drives demand for all-in-one wealth advice solutions

A new wave of intergenerational wealth is reshaping how affluent investors approach financial advice, with larger and more complicated inheritances prompting stronger demand for centralized planning services.   Research released by Escalent shows that the average expected inheritance is set to nearly double, rising from $500,000 over the past five years to close to $1 […]
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Wealth and Asset Management

Standard Chartered First Quarter 2026 Results

Selected information on Q1’26 financial performance with comparisons to Q1’25 unless otherwise stated Operating income of USD5.9bn up 9 per cent; a record quarter Net interest income¹ (NII) up 1 per cent to USD2.9bn Non-interest income¹ up 16 per cent to USD3.0bn largely driven by Wealth Solutions and Global Banking Record quarter in Wealth Solutions […]
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Wealth and Asset Management

The silent wonder bank of Basel

When the bank was founded 213 years ago, horse-drawn carriages still thundered through the Aeschenvorstadt district. The 2025 annual report offers a glimpse into an institution that explicitly seeks to avoid public attention.   With 25.7 billion Swiss francs in assets under management, total assets of 2.5 billion Swiss francs, and an annual profit of […]
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Wealth and Asset Management

US wealth manager targets Canadian ultra-rich with $10 billion Canada expansion

Corient plans to enter Canada in June with about $10bn in client assets, targeting ultra-high-net-worth families through a non-bank, multi-family office model.    The firm intends to launch under its own brand, subject to regulatory approvals, drawing on assets from previously acquired firms Northwood Family Office and Coriel Capital, as well as select CI Private […]
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