Managers of Wealth https://managersofwealth.com/ Thu, 21 Nov 2024 06:23:53 GMT part of MediaG8way Group https://managersofwealth.com/ https://managersofwealth.com/assets/images/logo.png Managers of Wealth KohanaPHP Nordea completes the acquisition of Danske Bank’s personal customer and private banking business in Norway News Team Wednesday, November 20, 2024 12:00 am https://managersofwealth.com/article/115316/nordea-completes-the-acquisition-of-danske-bankamprsquos-personal-customer-and-private-banking-business-in-norway The acquisition is an ideal strategic fit for Nordea and will strengthen Nordea’s market position in Norway among household customers. Wealth and Asset Management Gonet to merge with private bank News Aggregation Team Wednesday, November 20, 2024 12:00 am https://managersofwealth.com/article/115317/gonet-to-merge-with-private-bank The deal to take over One Swiss Bank will take the assets under management of the Arab Bank Switzerland Group to nearly CHF 20bn. Wealth and Asset Management EFG International reports 10-months 2024 business update News Team Wednesday, November 20, 2024 12:00 am https://managersofwealth.com/article/115327/efg-international-reports-10-months-2024-business-update Revenue margin was 96 basis points for the first ten months of 2024, compared to 97 basis points for 1H24 and 99 basis points for FY23 Wealth and Asset Management Robinhood Dives Into Wealth Management With Acquisition of TradePMR News Aggregation Team Wednesday, November 20, 2024 12:00 am https://managersofwealth.com/article/115320/robinhood-dives-into-wealth-management-with-acquisition-of-tradepmr The deal gives Robinhood a toehold in one of the fastest-growing segments of the multi-trillion dollar wealth management industry—and advances Robinhood’s goal of diversifying its business. Wealth and Asset Management Quilter Investors Monthly Income range introduces new asset classes to portfolio News Team Wednesday, November 20, 2024 12:00 am https://managersofwealth.com/article/115329/quilter-investors-monthly-income-range-introduces-new-asset-classes-to-portfolio The emerging market debt exposure will stand at 1.25% in the Monthly Income portfolio and 0.75% in the Monthly Income & Growth portfolio. Wealth and Asset Management Liontrust Implements Data Solution in Collaboration with BlackRock Aladdin and BNY to Enhance Investment Management, Client Service and Scalability News Team Wednesday, November 20, 2024 12:00 am https://managersofwealth.com/article/115330/liontrust-implements-data-solution-in-collaboration-with-blackrock-aladdin-and-bny-to-enhance-investment-management-client-service-and-scalability The new technology solution improves investment and risk tools, enables productivity gains and enhances the information supplied to Liontrust’s investment teams and clients. Wealth and Asset Management Ninety One acquires Sanlam Investment Management News Aggregation Team Wednesday, November 20, 2024 12:00 am https://managersofwealth.com/article/115331/ninety-one-acquires-sanlam-investment-management It will take over management of its £17bn in assets under management Wealth and Asset Management Wealth managers optimistic for 2025 despite potential risks News Aggregation Team Wednesday, November 20, 2024 12:00 am https://managersofwealth.com/article/115332/wealth-managers-optimistic-for-2025-despite-potential-risks Europe and Germany, however, may not be in for a good time. Wealth and Asset Management UBS Partners With ART SG For Third Year News Aggregation Team Wednesday, November 20, 2024 12:00 am https://managersofwealth.com/article/115335/ubs-partners-with-art-sg-for-third-year UBS will become the founding and lead partner of ART SG, an international art fair for Singapore and Southeast Asia, for the third consecutive year in 2025 Wealth and Asset Management Sergio Ermotti Honored as Banker of the Year News Aggregation Team Wednesday, November 20, 2024 12:00 am https://managersofwealth.com/article/115336/sergio-ermotti-honored-as-banker-of-the-year His integration achievements were praised as one of his outstanding qualities. Wealth and Asset Management Lighthouse Canton Expands Institutional Investor Coverage News Aggregation Team Wednesday, November 20, 2024 12:00 am https://managersofwealth.com/article/115323/lighthouse-canton-expands-institutional-investor-coverage Lighthouse Canton has announced a significant addition to its global leadership team. Executive Moves Indosuez WM Asia CEO Shokur to exit News Aggregation Team Wednesday, November 20, 2024 12:00 am https://managersofwealth.com/article/115324/indosuez-wm-asia-ceo-shokur-to-exit Omar Shokur is to step down in January, while the bank finds a replacement. Executive Moves Pictet WM loses China market head News Aggregation Team Wednesday, November 20, 2024 12:00 am https://managersofwealth.com/article/115325/pictet-wm-loses-china-market-head Following her departure, Hong Kong branch CEO Alex Ng will lead the China team in Hong Kong, while finding an internal or external replacement. Executive Moves OCBC Hong Kong Appoints Consumer and Wealth Head News Aggregation Team Wednesday, November 20, 2024 12:00 am https://managersofwealth.com/article/115326/ocbc-hong-kong-appoints-consumer-and-wealth-head She was most recently alternate chief executive of Citibank (Hong Kong) and head of Hong Kong Citigold and cards & unsecured lending sales. Executive Moves Neuberger Berman Expands Fixed Income Capabilities with Appointment of Paul Grainger News Team Wednesday, November 20, 2024 12:00 am https://managersofwealth.com/article/115333/neuberger-berman-expands-fixed-income-capabilities-with-appointment-of-paul-grainger With more than 25 years’ experience, Mr. Grainger joins from Schroders, where he most recently served as Head of Global Fixed Income and Currency. Executive Moves Infiba Appoints three Partners for the new Representative Office in Lugano News Aggregation Team Wednesday, November 20, 2024 12:00 am https://managersofwealth.com/article/115339/infiba-appoints-three-partners-for-the-new-representative-office-in-lugano The three new partners for southern Switzerland are Michel Sacha Meier, Thomas Jufer as well as Ronnie Haruki Nussio and took up their positions at the beginning of this month. Executive Moves Schroders strengthens Media Relations Team with appointments of Charlotte Banks and Jessye Brandon News Team Wednesday, November 20, 2024 12:00 am https://managersofwealth.com/article/115340/schroders-strengthens-media-relations-team-with-appointments-of-charlotte-banks-and-jessye-brandon Charlotte is an award-winning media communications specialist who brings excellent UK media contacts, a strong news sense and first-class media campaign experience. Executive Moves Fourcore Becomes Sponsor of Global Blockchain Acquisition Corp. and Appoints Wealth Management CEO News Aggregation Team Tuesday, November 19, 2024 12:00 am https://managersofwealth.com/article/115294/fourcore-becomes-sponsor-of-global-blockchain-acquisition-corp-and-appoints-wealth-management-ceo Through this transaction, Fourcore becomes the sponsor of the publicly listed investment vehicle. Executive Moves Abrdn appoints new investment CEO News Aggregation Team Tuesday, November 19, 2024 12:00 am https://managersofwealth.com/article/115300/abrdn-appoints-new-investment-ceo Xavier Meyer is to replace Rene Buehlmann as head of business following £3.5bn in outflows in the last quarter. Executive Moves SJP COO Rayner to step down in leadership overhaul News Aggregation Team Tuesday, November 19, 2024 12:00 am https://managersofwealth.com/article/115301/sjp-coo-rayner-to-step-down-in-leadership-overhaul Iain Rayner is the fourth executive team member to leave SJP since Mark FitzPatrick was appointed CEO last year. Executive Moves Labuan IBFC wins Leading International Financial Centre (Asia Pacific) 2024 award News Team Wednesday, November 20, 2024 12:00 am https://managersofwealth.com/article/115345/labuan-ibfc-wins-leading-international-financial-centre-asia-pacific-2024-award Labuan IBFC also made significant strides in expanding its international presence and facilitating greater collaboration across key markets. Legal,Regulation,Tax & Compliance Finma opens proceedings against Moonshot private equity platform affiliates News Aggregation Team Wednesday, November 20, 2024 12:00 am https://managersofwealth.com/article/115342/finma-opens-proceedings-against-moonshot-private-equity-platform-affiliates The regulator suspects the persons involved of collectively carrying out activities which are illegal without necessary licences. Legal,Regulation,Tax & Compliance Evelyn Partners team welcomes High Court ruling on London Capital & Finance News Team Friday, November 15, 2024 12:00 am https://managersofwealth.com/article/115254/evelyn-partners-team-welcomes-high-court-ruling-on-london-capital-ampamp-finance Between 2013 and December 2018 LCF raised a total of over £237 million from about 11,600 bondholders. Legal,Regulation,Tax & Compliance Federal Council approves FINMA's strategic objectives and meets with its senior management News Team Wednesday, November 13, 2024 12:00 am https://managersofwealth.com/article/115188/federal-council-approves-finmaamp039s-strategic-objectives-and-meets-with-its-senior-management The approval of the strategic objectives and the annual meeting are two important steering tools for the Federal Council with regard to FINMA. Legal,Regulation,Tax & Compliance Trump selects Elon Musk to lead government efficiency department News Aggregation Team Wednesday, November 13, 2024 12:00 am https://managersofwealth.com/article/115189/trump-selects-elon-musk-to-lead-government-efficiency-department Musk and ex-presidential candidate Vivek Ramaswamy to head up Department of Government Efficiency (Doge) Legal,Regulation,Tax & Compliance TISE opens London office News Team Tuesday, November 12, 2024 12:00 am https://managersofwealth.com/article/115154/tise-opens-london-office Opening this office further supports TISE’s business development activities across public and private markets Legal,Regulation,Tax & Compliance Karin Keller-Sutter Wants to Keep an Eye on US Banking Regulation News Aggregation Team Monday, November 11, 2024 12:00 am https://managersofwealth.com/article/115118/karin-keller-sutter-wants-to-keep-an-eye-on-us-banking-regulation This is also being closely monitored in Switzerland and the UK. Legal,Regulation,Tax & Compliance Court confirms CS cartel fine News Aggregation Team Wednesday, November 06, 2024 12:00 am https://managersofwealth.com/article/115044/court-confirms-cs-cartel-fine The fine was waived because of its cooperation. Legal,Regulation,Tax & Compliance CS espionage legacy keeps UBS lawyers busy News Aggregation Team Wednesday, November 06, 2024 12:00 am https://managersofwealth.com/article/115050/cs-espionage-legacy-keeps-ubs-lawyers-busy This sentence alone makes it clear what a confusing legal legacy the UBS lawyers have to deal with. Legal,Regulation,Tax & Compliance FINMA warns of new wave of phishing emails News Team Tuesday, November 05, 2024 12:00 am https://managersofwealth.com/article/115023/finma-warns-of-new-wave-of-phishing-emails The senders of the emails claim to be FINMA employees. FINMA does not send such emails and does not contact private individuals as a matter of principle. Legal,Regulation,Tax & Compliance London fintech 1fs Wealth and Apex Group announce strategic partnership News Team Tuesday, November 19, 2024 12:00 am https://managersofwealth.com/article/115291/london-fintech-1fs-wealth-and-apex-group-announce-strategic-partnership The company’s growing global client base includes wealth owners and family offices, who particularly value the platform’s ability to support succession planning. FinTech SBI Digital Markets, UBS Asset Management, and Chainlink Complete Pilot For Automated Fund Administration and Transfer Agency Using Smart Contracts News Team Tuesday, November 19, 2024 12:00 am https://managersofwealth.com/article/115292/sbi-digital-markets-ubs-asset-management-and-chainlink-complete-pilot-for-automated-fund-administration-and-transfer-agency-using-smart-contracts Building on the initial announcement by SBI Digital Markets, this first-of-its-kind initiative under the Monetary Authority of Singapore's (MAS) Project Guardian1 shows how fund managers can efficiently scale their funds across any chain and any dist FinTech Leading Financial Services Firms Choose Broadridge for Corporate Actions and Income Processing News Team Tuesday, November 19, 2024 12:00 am https://managersofwealth.com/article/115295/leading-financial-services-firms-choose-broadridge-for-corporate-actions-and-income-processing Seamless integration across global markets and lines-of-business, enhanced operational efficiency through AI-driven automation, and advanced risk management capabilities. FinTech SEI Expands SMA and UMA Solutions with Suite of Equity and Fixed Income Strategies News Team Tuesday, November 19, 2024 12:00 am https://managersofwealth.com/article/115311/sei-expands-sma-and-uma-solutions-with-suite-of-equity-and-fixed-income-strategies New SEI-Managed and Third-Party Investment Options Further Bolster Flexibility for Advisors FinTech Key takeaways from the Private Funds CFO Network’s Europe Forum News Team Tuesday, November 19, 2024 12:00 am https://managersofwealth.com/article/115313/key-takeaways-from-the-private-funds-cfo-networkamprsquos-europe-forum From the cautious adoption of AI to the ongoing fundraising struggles, here are some of the key insights and takeaways that emerged from the event. FinTech Brown Advisory Selects SEI to Launch First ETF News Aggregation Team Tuesday, November 19, 2024 12:00 am https://managersofwealth.com/article/115315/brown-advisory-selects-sei-to-launch-first-etf SEI’s Turnkey Operational Platform and Comprehensive Suite of Services Provide Scale and Stability FinTech WealthTech: Transforming Wealth Management with Advanced Technology News Aggregation Team Monday, November 18, 2024 12:00 am https://managersofwealth.com/article/115272/wealthtech-transforming-wealth-management-with-advanced-technology This digital transformation is reshaping traditional practices, making wealth management more accessible, efficient, and customer-centric. FinTech TISE named as FT reinvention champion for banking and finance News Team Monday, November 18, 2024 12:00 am https://managersofwealth.com/article/115285/tise-named-as-ft-reinvention-champion-for-banking-and-finance The champions were nominated by FT readers and journalists and finalised by a panel of judges. FinTech Advyzon Announces Auria, New Product Offering for Family Offices and UHNW Clients News Team Monday, November 18, 2024 12:00 am https://managersofwealth.com/article/115286/advyzon-announces-auria-new-product-offering-for-family-offices-and-uhnw-clients Integrated solution from Advyzon Institutional redefines family wealth management FinTech Introducing the US WealthTech Landscape Report 2024 News Team Friday, November 15, 2024 12:00 am https://managersofwealth.com/article/115245/introducing-the-us-wealthtech-landscape-report-2024 A new WealthTech Landscape Report from The Wealth Mosaic, focused on the wealth management sector in the United States. FinTech Why You No Longer Need To Be A Billionaire To Have Your Own Family Office News Aggregation Team Monday, November 18, 2024 12:00 am https://managersofwealth.com/article/115281/why-you-no-longer-need-to-be-a-billionaire-to-have-your-own-family-office These white-glove services are spreading fast as a way to manage and pass on wealth. Family Office The top 10 family offices for startup investments News Aggregation Team Monday, November 18, 2024 12:00 am https://managersofwealth.com/article/115282/the-top-10-family-offices-for-startup-investments CNBC partnered with Fintrx to analyze single family offices that made the largest number of investments in private startups in 2024. Family Office Hong Kong eyes Europe’s wealthy with London, Paris, Milan on family office agenda News Aggregation Team Monday, November 18, 2024 12:00 am https://managersofwealth.com/article/115283/hong-kong-eyes-europeamprsquos-wealthy-with-london-paris-milan-on-family-office-agenda Top InvestHK official sets off on week-long trip to Europe to meet family office representatives and speak at finance forum Family Office BlackRock goes after family offices from both ends News Aggregation Team Monday, November 18, 2024 12:00 am https://managersofwealth.com/article/115284/blackrock-goes-after-family-offices-from-both-ends The $11.5tn asset manager aspires to be a one-stop shop for family offices through its ETFs and private market offerings. Family Office Boston Multi Family Office to acquire Aqua Group News Aggregation Team Friday, November 15, 2024 12:00 am https://managersofwealth.com/article/115247/boston-multi-family-office-to-acquire-aqua-group Both businesses share a similar culture and values around integrity, accountability and trust with the same unwavering commitment to providing outstanding levels of service. Family Office Mercer Advisors Expands Multi-Family Office Capabilities With the Addition of Waypoint Capital Advisors News Team Wednesday, November 13, 2024 12:00 am https://managersofwealth.com/article/115180/mercer-advisors-expands-multi-family-office-capabilities-with-the-addition-of-waypoint-capital-advisors Waypoint’s UHNW practice grows Mercer Advisors footprint in Minneapolis Family Office Goldman Sachs Family Office Launches Expanded Family Office Platform News Team Wednesday, November 13, 2024 12:00 am https://managersofwealth.com/article/115181/goldman-sachs-family-office-launches-expanded-family-office-platform The enhanced family office platform integrates capabilities across the firm to provide à la carte services or an advisor-led holistic solution. Family Office What is private capital and why is it so attractive for family offices? News Team Wednesday, November 13, 2024 12:00 am https://managersofwealth.com/article/115198/what-is-private-capital-and-why-is-it-so-attractive-for-family-offices This article explores the sources of private capital, how it is being deployed, and ways to navigate these trends. Family Office Study reveals pay of Swiss single-family office CEOs News Aggregation Team Wednesday, November 13, 2024 12:00 am https://managersofwealth.com/article/115199/study-reveals-pay-of-swiss-single-family-office-ceos While CEOs saw an 8% increase in total compensation, CIOs and CFOs experienced a significant decrease. Family Office Callan Family Office offer tax overlay management plan for UHNW clients News Aggregation Team Monday, November 11, 2024 12:00 am https://managersofwealth.com/article/115119/callan-family-office-offer-tax-overlay-management-plan-for-uhnw-clients The Callan Family Office is establishing a tax overlay strategy for ultra-high-net-worth clients. Family Office Altiant Global Luxury and Asset Management (GLAM) Monitor News Team Wednesday, November 20, 2024 12:00 am https://managersofwealth.com/article/115318/altiant-global-luxury-and-asset-management-glam-monitor GLAM has now passed five years of data collection, during which time we have conducted almost 12,000 interviews to construct a comprehensive and evolving view of luxury sentiment and behaviour. Luxury Luxury Boom: What’s driving the upper class toward high-end housing? News Aggregation Team Wednesday, November 20, 2024 12:00 am https://managersofwealth.com/article/115328/luxury-boom-whatamprsquos-driving-the-upper-class-toward-high-end-housing The shift towards ultra-luxury housing is multidimensional, driven by global wealth trends, advancements in property technology, strategic location desirability and economic resilience. Luxury Luxury Unfiltered: Hermès and Patek Philippe prove trust is the true luxury News Aggregation Team Wednesday, November 20, 2024 12:00 am https://managersofwealth.com/article/115334/luxury-unfiltered-hermampegraves-and-patek-philippe-prove-trust-is-the-true-luxury They show us that trust is built through timelessness, clear storytelling and an unwavering commitment to values. Luxury UBS Survey: Wealthy Chinese Buy the Most Art News Aggregation Team Monday, November 18, 2024 12:00 am https://managersofwealth.com/article/115259/ubs-survey-wealthy-chinese-buy-the-most-art Industry insiders suggest that China’s affluent collectors are poised to further boost their investments, cementing the nation’s status as a major player in the global art market. Luxury Price Upon Request: Meet the Real Estate Agent for the Super-Rich News Aggregation Team Friday, November 15, 2024 12:00 am https://managersofwealth.com/article/115233/price-upon-request-meet-the-real-estate-agent-for-the-super-rich One person who stands out in this world is David Hauptmann, the founder of Nobilis Estate. Luxury Global luxury spending to reach $1.6t in 2024 News Aggregation Team Thursday, November 14, 2024 12:00 am https://managersofwealth.com/article/115209/global-luxury-spending-to-reach-16t-in-2024 Growth expected is just between -1% and 1%. Luxury Inside Prince Harry and Meghan Markle’s new US$4.7 million luxury holiday home in Portugal News Aggregation Team Thursday, November 14, 2024 12:00 am https://managersofwealth.com/article/115210/inside-prince-harry-and-meghan-markleamprsquos-new-us47-million-luxury-holiday-home-in-portugal The royal couple are said to have snapped up one of CostaTerra Golf and Ocean Club’s 300 soon-to-be-built residences. Luxury IWC’s Perpetual Legacy: Celebrating Kurt Klaus and the Evolution of a Watchmaking Icon News Aggregation Team Tuesday, November 12, 2024 12:00 am https://managersofwealth.com/article/115152/iwcamprsquos-perpetual-legacy-celebrating-kurt-klaus-and-the-evolution-of-a-watchmaking-icon Marking Kurt Klaus’ profound impact on IWC, this story celebrates the timeless legacy of the brand’s perpetual calendar through its latest Portugieser models. Luxury Luxury Watches: Swiss Brand Accelerates on Netflix News Aggregation Team Tuesday, November 05, 2024 12:00 am https://managersofwealth.com/article/115012/luxury-watches-swiss-brand-accelerates-on-netflix Soon, a Netflix series will revisit the life of the three-time world champion. Luxury 7 things you need to know about the new 911 GT3 models News Aggregation Team Friday, November 01, 2024 12:00 am https://managersofwealth.com/article/114950/7-things-you-need-to-know-about-the-new-911-gt3-models Discover what’s new about the 911 GT3 – the sportscar that’s been 25 years in the making Luxury Bernard Arnault's son to take up new job leading LVMH's struggling drinks division News Aggregation Team Tuesday, November 19, 2024 12:00 am https://managersofwealth.com/article/115309/bernard-arnaultamp039s-son-to-take-up-new-job-leading-lvmhamp039s-struggling-drinks-division All five children currently hold top managerial positions at LVMH, with the oldest, Delphine, 49, now the CEO of fashion brand Christian Dior (FR:CDI). Extremely Wealthy UK’s Richest Man Says ‘Spiteful’ Tax Hikes Will Kill Off Growth News Aggregation Team Monday, November 04, 2024 12:00 am https://managersofwealth.com/article/114983/ukamprsquos-richest-man-says-amplsquospitefulamprsquo-tax-hikes-will-kill-off-growth The remarks are the most high profile attack from a British business leader since Reeves’ budget after firms were forced to shoulder the bulk of her £40 billion of tax rises. Extremely Wealthy Warren Buffett Made His Fortune 'Sort Of By Accident,' According To His Daughter. Loving What He Did Led To Unexpected Wealth News Aggregation Team Monday, November 04, 2024 12:00 am https://managersofwealth.com/article/114996/warren-buffett-made-his-fortune-amp039sort-of-by-accidentamp039-according-to-his-daughter-loving-what-he-did-led-to-unexpected-wealth In 2017, Susie Buffett shared insight with People into her father’s life, describing him as a man whose love for investing drove his success, not the pursuit of wealth itself. Extremely Wealthy French luxury titans see wealth decline News Aggregation Team Tuesday, October 29, 2024 12:00 am https://managersofwealth.com/article/114867/french-luxury-titans-see-wealth-decline Their combined wealth has contracted by 53 billion euros this year, reflecting broader headwinds in the premium goods sector. Extremely Wealthy Elon Musk's Philanthropy Under Fire For Controversial Donations News Aggregation Team Tuesday, October 29, 2024 12:00 am https://managersofwealth.com/article/114869/elon-muskamp039s-philanthropy-under-fire-for-controversial-donations Critics question Musk's commitment to charitable giving as he funds political campaigns and profits increase Extremely Wealthy Jensen Huang surpasses Mark Zuckerberg as top billionaire in wealth gain News Aggregation Team Thursday, October 24, 2024 1:00 am https://managersofwealth.com/article/114780/jensen-huang-surpasses-mark-zuckerberg-as-top-billionaire-in-wealth-gain But in terms of net worth, Zuckerberg ranked 3rd globally at $206 billion, while Huang came in 11th at $125 billion. Extremely Wealthy Mark Zuckerberg has ditched quiet luxury and is now proudly flaunting his $201 billion fortune. News Aggregation Team Friday, October 18, 2024 1:00 am https://managersofwealth.com/article/114697/mark-zuckerberg-has-ditched-quiet-luxury-and-is-now-proudly-flaunting-his-201-billion-fortune In a rare display of openness, he and his wife Priscilla Chan, shared glimpses of a lavish celebration Extremely Wealthy Thailand’s Richest Man Expands Wealth as Merger Wins Over Investors News Aggregation Team Friday, October 11, 2024 1:00 am https://managersofwealth.com/article/114568/thailandamprsquos-richest-man-expands-wealth-as-merger-wins-over-investors Merger of power, telecom firms can fit ‘tiger with new wings’ Extremely Wealthy Bernard Arnault loses $13 billion in a single day as China’s uncertain recovery undermines billionaire’s wealth News Aggregation Team Thursday, October 10, 2024 1:00 am https://managersofwealth.com/article/114529/bernard-arnault-loses-13-billion-in-a-single-day-as-chinaamprsquos-uncertain-recovery-undermines-billionaireamprsquos-wealth The LVMH CEO had a mildly painful year as he fell to fifth place among the world’s wealthiest people. Extremely Wealthy Elon Musk's Portfolio Defies the 'Rules' of Building Wealth News Aggregation Team Tuesday, October 08, 2024 1:00 am https://managersofwealth.com/article/114485/elon-muskamp039s-portfolio-defies-the-amp039rulesamp039-of-building-wealth Comparison to Other Billionaires: Unlike diversified billionaires like Warren Buffett, Musk’s wealth is concentrated in one company. Extremely Wealthy Scotia Global Asset Management announces November 2024 cash distributions for Scotia ETFs News Team Wednesday, November 20, 2024 12:00 am https://managersofwealth.com/article/115319/scotia-global-asset-management-announces-november-2024-cash-distributions-for-scotia-etfs Mutual funds and ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Comment & Analysis Key Takeaways From Our First Diversity in Asset Management Report News Aggregation Team Wednesday, November 20, 2024 12:00 am https://managersofwealth.com/article/115322/key-takeaways-from-our-first-diversity-in-asset-management-report Our study found that women as well as Hispanic and Black individuals are underrepresented on investment teams. Comment & Analysis CaixaBank sets business growth and transformation as the pillars of its new Strategic Plan News Team Tuesday, November 19, 2024 12:00 am https://managersofwealth.com/article/115296/caixabank-sets-business-growth-and-transformation-as-the-pillars-of-its-new-strategic-plan The Group will be venturing into a new phase after successfully wrapping up its 2022–2024 Strategic Plan. Comment & Analysis Julius Baer: Succession Planning is the Leading Family Topic News Aggregation Team Monday, November 18, 2024 12:00 am https://managersofwealth.com/article/115258/julius-baer-succession-planning-is-the-leading-family-topic Intergenerational wealth transfer and succession planning has moved up from second place [in 2023] to emerge as this year’s top family-related topic across every single region Comment & Analysis New hires love Jefferies’ cash bonuses. Just don’t try to leave News Aggregation Team Monday, November 18, 2024 12:00 am https://managersofwealth.com/article/115263/new-hires-love-jefferiesamprsquo-cash-bonuses-just-donamprsquot-try-to-leave The bank that traces its roots back to the 1960s also makes demands of dealmakers that are highly unusual in Australia such as a so-called break-up fee for wavering recruits, and clawbacks of those upfront and annual bonuses for those who leave. Comment & Analysis London is officially one of the world’s richest cities in 2024 News Aggregation Team Monday, November 18, 2024 12:00 am https://managersofwealth.com/article/115276/london-is-officially-one-of-the-worldamprsquos-richest-cities-in-2024 The capital has a stonking 227,000 millionaires, according to Henley and Partners’ latest World’s Wealthiest Cities Report Comment & Analysis Double award win at Citywealth Future Leaders Awards 2024: two of Ogier's Private Wealth rising stars recognised among industry leaders News Team Friday, November 15, 2024 12:00 am https://managersofwealth.com/article/115229/double-award-win-at-citywealth-future-leaders-awards-2024-two-of-ogieramp039s-private-wealth-rising-stars-recognised-among-industry-leaders Gregory won the bronze award for the Lawyer of the Year IFC – Associate category. Comment & Analysis Private banks show increased interest in circular economy News Aggregation Team Friday, November 15, 2024 12:00 am https://managersofwealth.com/article/115230/private-banks-show-increased-interest-in-circular-economy This cycle, where materials never become waste, and nature is regenerated, is fast becoming a megatrend Comment & Analysis What to invest in now, according to the UK’s best wealth managers News Aggregation Team Friday, November 15, 2024 12:00 am https://managersofwealth.com/article/115234/what-to-invest-in-now-according-to-the-ukamprsquos-best-wealth-managers Post Budget 2024, we ask the experts to share their top investing tips Comment & Analysis Private markets firms embrace social media to attract new-generation of investors News Aggregation Team Friday, November 15, 2024 12:00 am https://managersofwealth.com/article/115236/private-markets-firms-embrace-social-media-to-attract-new-generation-of-investors The report valuated the digital strategies of 130 leading firms across private equity, private credit and real assets to reveal the vital role social media Comment & Analysis Patek Philippe squares up to younger buyers with new Cubitus collection News Aggregation Team Tuesday, October 22, 2024 1:00 am https://managersofwealth.com/article/114748/patek-philippe-squares-up-to-younger-buyers-with-new-cubitus-collection President Thierry Stern imagines the new line, which takes its cues from the classic Nautilus bracelet watch, on the wrists of the Gen Z super-rich Extremely Expensive Why This Prototype Rolex ‘Rainbow’ Daytona Could Sell For Millions News Aggregation Team Friday, October 18, 2024 1:00 am https://managersofwealth.com/article/114699/why-this-prototype-rolex-amplsquorainbowamprsquo-daytona-could-sell-for-millions This makes it the Rainbow the most expensive modern regular-production factory Daytona on the market. Extremely Expensive The 15 most expensive cars sold at Monterey Car Week News Aggregation Team Wednesday, August 21, 2024 1:00 am https://managersofwealth.com/article/113571/the-15-most-expensive-cars-sold-at-monterey-car-week From barely-driven Bugattis to race-winning Ferraris to achingly beautiful Alfa Romeos Extremely Expensive Why the F-22 Raptor Is the World’s Most Expensive Fighter Jet News Aggregation Team Tuesday, August 13, 2024 1:00 am https://managersofwealth.com/article/113402/why-the-f-22-raptor-is-the-worldamprsquos-most-expensive-fighter-jet This price is largely due to its pioneering design, which introduced many advanced technologies, including stealth capabilities, sophisticated avionics, and thrust-vectoring nozzles. Extremely Expensive Mukesh Ambani’s wealth rose enough, in a day, to pay for most of a $600 million wedding News Aggregation Team Friday, July 26, 2024 1:00 am https://managersofwealth.com/article/113080/mukesh-ambaniamprsquos-wealth-rose-enough-in-a-day-to-pay-for-most-of-a-600-million-wedding What made Ambani stand out was that he was the only one of the top 20 billionaires to see their wealth rise in what was a brutal day for the mega-elite after the S&P 500 stock index tumbled. Extremely Expensive Prima Asset Management buys Prime Hotel in London News Aggregation Team Monday, June 17, 2024 1:00 am https://managersofwealth.com/article/112279/prima-asset-management-buys-prime-hotel-in-london Prima Asset Management, a Singapore-based real estate asset management company, has acquired the freehold Prime Hotel located in the Paddington area in London. Financial details of the transaction remain undisclosed. The acquisition is part of the compa Extremely Expensive Pink Diamond Scores $13M at Christie’s New York News Aggregation Team Friday, June 14, 2024 1:00 am https://managersofwealth.com/article/112255/pink-diamond-scores-13m-at-christieamprsquos-new-york The auction saw strong participation, with half of the bids coming from the Americas while a quarter came from Europe, and 26% from Asia Pacific and the Middle East combined. Extremely Expensive The Most Expensive Dresses Ever Sold at Auction News Aggregation Team Friday, April 26, 2024 1:00 am https://managersofwealth.com/article/111372/the-most-expensive-dresses-ever-sold-at-auction The dress, from the spring 1967 collection, was made of chain-linked aluminum squares and rectangular plates. Its sale price was a world record for a Paco Rabanne piece. Extremely Expensive Jeff Bezos just leapfrogged Elon Musk as the world’s richest person with a fortune of $200 billion News Aggregation Team Tuesday, March 05, 2024 12:00 am https://managersofwealth.com/article/110365/jeff-bezos-just-leapfrogged-elon-musk-as-the-worldamprsquos-richest-person-with-a-fortune-of-200-billion Musk now has a net worth of $197.7 billion; Bezos’ fortune is $200.3 billion. Extremely Expensive Beatles Painting Made Between Tokyo Performances Sells for $1.7 M. at Christie’s News Aggregation Team Tuesday, February 06, 2024 12:00 am https://managersofwealth.com/article/109847/beatles-painting-made-between-tokyo-performances-sells-for-17-m-at-christieamprsquos Japanese authorities decided that was the safest place to keep the band between their five concert performances at Budokan Hall. Extremely Expensive Nearly half of low-income families don’t take advantage of social funds for children News Team Wednesday, November 20, 2024 12:00 am https://managersofwealth.com/article/115321/nearly-half-of-low-income-families-donamprsquot-take-advantage-of-social-funds-for-children By not applying for such support, they’re missing an opportunity for their children to do things such as sports, take dancing lessons, celebrate their birthday or buy a bicycle. Research BNP Paribas Wealth Management Competitor Profile Report 2024 - Company Strategy, Financial Performance and Product Innovation News Team Tuesday, November 19, 2024 12:00 am https://managersofwealth.com/article/115287/bnp-paribas-wealth-management-competitor-profile-report-2024-company-strategy-financial-performance-and-product-innovation Customer targeting and service propositions are covered, as are product innovation and marketing activities. Research Pre-owned Luxury Watches Market Report 2024 News Team Wednesday, November 06, 2024 12:00 am https://managersofwealth.com/article/115033/pre-owned-luxury-watches-market-report-2024 The Global Pre-owned Luxury Watches Market was valued at USD 23.87 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 9.3% through 2029 Research How the Wealthy Protect and Grow Their Money: Key Strategies News Team Tuesday, October 22, 2024 1:00 am https://managersofwealth.com/article/114729/how-the-wealthy-protect-and-grow-their-money-key-strategies A significant portion of their wealth is usually held in stocks, bonds, and mutual funds, which offer both long-term growth potential and dividend income. Research Surveying the Future of AI in Wealth Management – Perspectives from the Wealth Management Community News Aggregation Team Monday, October 21, 2024 1:00 am https://managersofwealth.com/article/114703/surveying-the-future-of-ai-in-wealth-management-ampndash-perspectives-from-the-wealth-management-community AI is seen as a game-changer across wealth management, with respondents highlighting its current and future roles. Research World’s largest investment managers see assets hit $128 trillion in return to growth News Team Monday, October 21, 2024 1:00 am https://managersofwealth.com/article/114710/worldamprsquos-largest-investment-managers-see-assets-hit-128-trillion-in-return-to-growth The research also reveals the continued evolution of active vs. passive assets under management among the largest investment managers. Research Luxury Handbags Market to Grow by USD 24.73 Billion from 2024-2028, Driven by Design Innovation and Premiumization, AI-Powered Report by Technavio News Team Tuesday, October 15, 2024 1:00 am https://managersofwealth.com/article/114601/luxury-handbags-market-to-grow-by-usd-2473-billion-from-2024-2028-driven-by-design-innovation-and-premiumization-ai-powered-report-by-technavio Design and material innovation leading to product premiumization is driving market growth, with a trend towards personalization and customization of luxury handbags. Research Wealth Management Advisory Market Size and Industry Growth News Team Monday, October 14, 2024 1:00 am https://managersofwealth.com/article/114576/wealth-management-advisory-market-size-and-industry-growth This report aims to provide a detailed exploration of the Wealth Management Advisory market, offering insights into its growth trajectory, key drivers, challenges, and strategic opportunities. Research Nearly one in three UK business owners have fast-tracked exit strategies over past 12 months as possible CGT Budget raid looms News Team Friday, October 11, 2024 1:00 am https://managersofwealth.com/article/114570/nearly-one-in-three-uk-business-owners-have-fast-tracked-exit-strategies-over-past-12-months-as-possible-cgt-budget-raid-looms This is an uplift on the 23% who said 18 months ago** that they had brought forward business exits over the previous year. Research Equity Edge: Why wealth managers got serious about direct equities News Aggregation Team Thursday, October 10, 2024 1:00 am https://managersofwealth.com/article/114536/equity-edge-why-wealth-managers-got-serious-about-direct-equities How direct equities have gone from backwater to business critical for leading wealth managers. Research How The Ultra-Rich Will Travel In 2025 News Aggregation Team Friday, September 13, 2024 1:00 am https://managersofwealth.com/article/114027/how-the-ultra-rich-will-travel-in-2025 Experts reveal that wealthy individuals are becoming more selective in their future travel plans. They aim to maximize the impact of their investment, prioritizing value over opulence. Executive Travel How HNWIs are elevating luxury travel experiences to extravagant new heights in 2024 News Aggregation Team Thursday, August 15, 2024 1:00 am https://managersofwealth.com/article/113473/how-hnwis-are-elevating-luxury-travel-experiences-to-extravagant-new-heights-in-2024 From ultra-exclusive travel companions to private island buyouts, the affluent are sparing no expense in their pursuit of unparalleled journeys. Executive Travel 7 Essential Destinations for Luxury Travel in 2024 News Aggregation Team Friday, July 05, 2024 1:00 am https://managersofwealth.com/article/112681/7-essential-destinations-for-luxury-travel-in-2024 Travelers should focus on strategic timing, currency exchange rates, and local promotions to maximize their budget while enjoying unparalleled indulgence. Executive Travel Tropical Living: 9 Warm Destinations to Escape the Winter News Team Monday, January 16, 2023 12:00 am https://managersofwealth.com/article/102458/tropical-living-9-warm-destinations-to-escape-the-winter These tropical, sandy, and sunny luxury locales offer a retreat from northern snow and ice Executive Travel Destination Aspen: Colorado’s Ski and Mountain Star News Team Monday, January 09, 2023 12:00 am https://managersofwealth.com/article/102316/destination-aspen-coloradoamprsquos-ski-and-mountain-star Aspen has it all—clean air, culture, designer shops and fine dining, and of course the world’s best skiing and outdoor pursuits. Read on to learn why Aspen is the “Beverly Hills of the mountains,” and take a glimpse of what’s Executive Travel Travellers opting for luxury penguin cruises News Aggregation Team Monday, December 19, 2022 12:00 am https://managersofwealth.com/article/102029/travellers-opting-for-luxury-penguin-cruises Cruising allows nature lovers to access remote areas and enjoy them in luxury accommodation from a small cruise ship which has minimal impact on the delicate environment. Executive Travel On Top of the World: Welcome to Sunny Isles Beach, Miami News Team Monday, October 31, 2022 12:00 am https://managersofwealth.com/article/101011/on-top-of-the-world-welcome-to-sunny-isles-beach-miami Set to redefine the Miami skyline, the two towers of The St. Regis Residences, Sunny Isles Beach, are an exquisite paradise Executive Travel The World’s Most Powerful Passports have the Least Travel Freedom News Team Wednesday, July 20, 2022 1:00 am https://managersofwealth.com/article/98919/the-worldamprsquos-most-powerful-passports-have-the-least-travel-freedom This figure is far behind the global trend where markets in Europe and North America have recovered to around 60% of pre-crisis travel mobility levels. Executive Travel Debunking Top 4 Myths On Private Jet Travel News Aggregation Team Tuesday, May 31, 2022 1:00 am https://managersofwealth.com/article/97937/debunking-top-4-myths-on-private-jet-travel A luxurious vacation in the far-flung lands is now within reach with private jets becoming more accessible for everyone. Executive Travel ‘The haves and have-yachts’: on the trail of London’s super-rich News Aggregation Team Monday, May 23, 2022 1:00 am https://managersofwealth.com/article/97784/amplsquothe-haves-and-have-yachtsamprsquo-on-the-trail-of-londonamprsquos-super-rich We join sociologist Caroline Knowles on a walk across the economic and class divide of the capital to discover how extreme wealth has reshaped our streets Executive Travel ESG will remain a key long-term wealth manager priority despite Trump re-election News Aggregation Team Thursday, November 14, 2024 12:00 am https://managersofwealth.com/article/115226/esg-will-remain-a-key-long-term-wealth-manager-priority-despite-trump-re-election Private wealth managers will continue to build up their ESG investing capabilities. Planet SOS COP29’s call to action: transforming finance and business models to support biodiversity News Team Tuesday, November 12, 2024 12:00 am https://managersofwealth.com/article/115150/cop29amprsquos-call-to-action-transforming-finance-and-business-models-to-support-biodiversity The commitment to protect 30% of the world’s land and oceans by 2030 remains a driving goal, yet the Cali conference underscored both the achievements and hurdles in meeting these targets. Planet SOS Winners of ABN AMRO Sustainable 50 2024 announced News Team Friday, November 08, 2024 12:00 am https://managersofwealth.com/article/115083/winners-of-abn-amro-sustainable-50-2024-announced The annual awards, organised by ABN AMRO in collaboration with Duurzaam Gebouwd, spotlight prominent leaders who are committed to a sustainable future in the construction and real estate sector. Planet SOS Macquarie Asset Management and Hydro Rein announce commencement of commercial operations for 456MW onshore wind power complex in Brazil News Team Friday, November 08, 2024 12:00 am https://managersofwealth.com/article/115085/macquarie-asset-management-and-hydro-rein-announce-commencement-of-commercial-operations-for-456mw-onshore-wind-power-complex-in-brazil To support this commitment, the projects have established a nursery to produce seedlings of native plants species. Planet SOS From geopolitics to AI – entrepreneurs and family businesses rethink a changing world at LO Generations 2024 News Team Tuesday, November 05, 2024 12:00 am https://managersofwealth.com/article/115008/from-geopolitics-to-ai-ampndash-entrepreneurs-and-family-businesses-rethink-a-changing-world-at-lo-generations-2024 Yet even in this ancient world, modernity is intervening, bringing both threats and new opportunities. Planet SOS Raising the bar again: ABN AMRO takes next step in climate strategy News Team Thursday, October 31, 2024 12:00 am https://managersofwealth.com/article/114930/raising-the-bar-again-abn-amro-takes-next-step-in-climate-strategy ABN AMRO continues to make progress towards the goals set out in its climate strategy. Planet SOS Aviva Investors launches Carbon Removal Fund News Team Tuesday, October 29, 2024 12:00 am https://managersofwealth.com/article/114887/aviva-investors-launches-carbon-removal-fund It has been seeded with an initial commitment from Aviva’s Investment, Wealth and Retirement business. Planet SOS Tracking timber: scientific and digital innovations promise wood supply chain transparency News Team Friday, October 25, 2024 1:00 am https://managersofwealth.com/article/114813/tracking-timber-scientific-and-digital-innovations-promise-wood-supply-chain-transparency Crucially, while the commodities must have been grown or harvested in line with local laws, evidence of this alone will not be sufficient. Planet SOS COP16 on biodiversity: a crucial milestone in Cali to encourage investments in nature-based solutions News Team Friday, October 18, 2024 1:00 am https://managersofwealth.com/article/114676/cop16-on-biodiversity-a-crucial-milestone-in-cali-to-encourage-investments-in-nature-based-solutions The Global Biodiversity Framework adopted at COP 15 was a call to arms to step up the protection and restoration of ecosystems. Planet SOS World Forum 2024: Feeding the Future – food solutions for climate and biodiversity News Team Friday, October 18, 2024 1:00 am https://managersofwealth.com/article/114689/world-forum-2024-feeding-the-future-ampndash-food-solutions-for-climate-and-biodiversity In effect, consumers could be storing carbon with every sip. However, he warned, to implement this shift, we must first reimagine today’s highly fragmented and socially unequal coffee value chain. Planet SOS Alex Picot Trust Steps Up for Jersey Stroke Support News Team Thursday, November 07, 2024 12:00 am https://managersofwealth.com/article/115082/alex-picot-trust-steps-up-for-jersey-stroke-support Collectively recording 12,516,584 steps, everyone was encouraged to achieve 10,000 steps day. Health & Wellness The convergence of health, wealth and longevity services News Team Friday, October 11, 2024 1:00 am https://managersofwealth.com/article/114567/the-convergence-of-health-wealth-and-longevity-services The convergence of health, wealth and longevity services Health & Wellness The AI-health revolution – future-proofing our golden years News Aggregation Team Monday, September 30, 2024 1:00 am https://managersofwealth.com/article/114325/the-ai-health-revolution-ampndash-future-proofing-our-golden-years The evolution of this tradition symbolises a global phenomenon – individuals, and entire societies, are getting older. Health & Wellness People prioritising future health ahead of future wealth News Aggregation Team Monday, September 09, 2024 1:00 am https://managersofwealth.com/article/113899/people-prioritising-future-health-ahead-of-future-wealth Additionally, 30% are investing weekly in premium dietary supplements like protein shakes and 16% consume a specialist diet. Health & Wellness Summer wellness programme at UBP Hong Kong News Team Wednesday, August 28, 2024 1:00 am https://managersofwealth.com/article/113682/summer-wellness-programme-at-ubp-hong-kong By seamlessly blending educational, physical, and community-focused elements, the action showcases UBP’s commitment to promoting health, well-being, and a positive impact Health & Wellness SJP: We need to talk more about money to improve mental health News Aggregation Team Thursday, May 02, 2024 1:00 am https://managersofwealth.com/article/111474/sjp-we-need-to-talk-more-about-money-to-improve-mental-health But opening up about money can improve people’s mental health, whether they’re sharing their own financial worries or talking to others about theirs. Health & Wellness Mental health ranks as highest employee concern for asset managers News Aggregation Team Friday, January 26, 2024 12:00 am https://managersofwealth.com/article/109659/mental-health-ranks-as-highest-employee-concern-for-asset-managers Work-life balance a key priority Health & Wellness Best wishes for your health and happiness in 2024 and beyond News Team Wednesday, December 27, 2023 12:00 am https://managersofwealth.com/article/109122/best-wishes-for-your-health-and-happiness-in-2024-and-beyond The Sustainability Revolution is well underway and is reshaping risk and return dynamics across sectors. Clean energy has now fully eclipsed fossil fuels. Health & Wellness What you can do to boost your employees’ financial health News Team Thursday, July 06, 2023 1:00 am https://managersofwealth.com/article/105833/what-you-can-do-to-boost-your-employeesamprsquo-financial-health 2022 started off strong for employees: the job market was hot, and employees were wooed with perks and bonuses. Health & Wellness Wealth and health managers will become intertwined in future, professor says News Aggregation Team Wednesday, June 07, 2023 1:00 am https://managersofwealth.com/article/105282/wealth-and-health-managers-will-become-intertwined-in-future-professor-says He observed there is an increasing recognition that both health and wealth are the keys to happiness. Health & Wellness