Ares Management Launches Secondaries Team in Asia Pacific
Danielle Lau Joins as Managing Director to Invest in Real Estate Secondary Market Opportunities
Wealth and Asset Management
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Bank of America wealth arm registers 3% dip in Q3 profit
Total client balances decreased 12% to $3.2tn due to lower market valuations and net client flows.
Quilter plc reports resilient gross and net flows for third quarter 2022 in a volatile market environment
The third quarter is typically a seasonally slow quarter, with this exacerbated by increasing market volatility and cost-of-living pressures, reducing gross flows.
Change of leadership at the top of Schroders in Germany
The handover, which has been in preparation for some time, will be completed in the next few months.
The Society for Lifetime Planning Joins Kestra Financial
With the addition of the $600 million firm, Kestra is on track for its "best year ever."
Goldman Sachs merges asset and wealth arms into $2.4tn unit
The latest changes come after the asset management arm’s revenues dropped 71% in the year to date.
GAM Holding AG Releases Interim Statement for the Three-Month Period to 30 September 2022
Challenging market conditions continue to impact GAM’s assets under management
UBS: Investors Unrepared for History's Biggest Wealth Transfer
With so many wealth managers available, it would seem to be a foregone conclusion that more investors would have at least some basic plan in place.
AUM Growth Outlook Slips for Hong Kong Wealth Managers
There is less optimism about the future of wealth management in Hong Kong this year, according to a report jointly authored by the Private Wealth Management Association and KPMG China.
UK fund managers Schroders and Jupiter's assets fall on volatile markets
Schroders said the fall in its AUM was partly driven by a decline in its Solutions segment and a 5% decline in its Mutual funds unit.
Third quarter new business inflows and funds under management update 2022
This has underpinned gross inflows of £4.05 billion, only modestly lower versus a record comparative period in 2021.
Fidelity International launches two funds for Howard Wright clients
Advisers at Howard Wright can blend the funds for their clients