02/03/2025
Norway wealth fund posts record $222 billion profit but warns tech boom won't last
It was the second straight year of record profits, beating the 2.2 trillion Norwegian crowns earned in 2023.
Wealth and Asset Management
02/03/2025
Private markets solution, Yooro, launches in Europe
The securitization solution aims to streamline the private assets investment process.
02/03/2025
Brooks Macdonald completes acquisition of LIFT-Financial Group
As at December 31 2024 this acquisition brings an additional c.£1.6bn assets under advice (AUA) and around 1,350 clients.
02/03/2025
Presentation of the 2024 full-year results for the Julius Baer Group
Management believes that these alternative performance measures, including adjusting the results consistently for items related to M&A activities
01/31/2025
St James’s Place sees £4.3bn of net inflows amid ‘successful year’
Gross inflows stood at £18.4bn, compared with £15.4bn in 2023
01/31/2025
JTC’s Global Expertise Recognised at Citywealth IFC Awards
In addition, the firm was also a runner up in the ‘Trust Company of the Year – Caribbean’ category.
01/31/2025
MilleniumAssociates Enhances Its Global Advisory Board, Naming Neil Fatharly as Its Latest Member Amid Further Expansion Moves
The firm’s specialist Financial Services Practice focuses on transactions for the global financial services industry, particularly in the global wealth, asset management, private banking, fintech, and private equity sectors.
01/31/2025
How Ultra-High Net Worth Individuals Manage Wealth Across Generations
To avoid such outcomes, ultra-high-net-worth families often seek help from family offices or strategic wealth management professionals to protect their holdings.
01/31/2025
Danske Bank to become the first financial institution in the Nordic region to implement Aladdin Wealth™ into its personal customer investment services
Danske Bank's investment customers will soon benefit from one of the wealth industry’s strongest investment and risk management technologies with the adoption of BlackRock’s Aladdin Wealth platform.
01/31/2025
Fuel Ventures invests £4M in Prosper for AI wealth management
The investment round also attracted notable sports figures, including England cricket captains Ben Stokes and Jos Buttler, as well as Olympic and world champions Dame Jess Ennis-Hill & Dame Sarah Storey, among others.
01/31/2025
Hamilton Lane: Infrastructure leads the way for allocation increases in 2025
Nearly half of wealth advisors plan to increase exposure to private infrastructure this year, according to a recent survey by Hamilton Lane.
01/31/2025
UBP profit rises 15% to CHF 257.4mn in 2024
UBP is headquartered in Geneva and specialises in wealth management for private and institutional clients.
01/31/2025
Deutsche Bank reports 2024 profit before tax of € 5.3 billion and € 2.1 billion of proposed capital distributions to shareholders
Revenues grew by 4% year on year to € 30.1 billion, in line with guidance.
01/30/2025
Wealth management firm set to Prosper with new funding
London-based platform Prosper raises £4m in Fuel Ventures-led round and will launch private market investment offering
01/30/2025
SJP ongoing advice review ‘progressing as planned’
The wealth manager later said it needed to set aside £426m in case it had to refund clients for an ongoing service that has not been evidenced.
01/30/2025
St James’s Place: Britain’s biggest wealth manager has stock upgraded
The bump came from £1.5bn of inflows in the last quarter of the year, which was 70 per cent ahead of consensus and St James’s Place’s strongest quarter in almost two years.
01/30/2025
How UBS Deploys Microsoft AI Platform in Global Operations
The bank selected Microsoft Azure after determining that packaged solutions wouldn't meet its requirements for data security and customisation.
01/29/2025
Wealth management platform Prosper raises £4m
The round was led by Fuel Ventures, who invested £2m, with participation from a number of existing shareholders.
01/29/2025
P1 Investment Services unveils all-in-one client advisor portal
The P1 Wealth Pilot was created to tackle the massive problem of siloed data sitting across multiple adviser systems.
01/29/2025
UBS: Wealthy clients are still relocating to the UK
Victoria Hagmann, head of UK wealth management at the Swiss bank, says there are plenty of growth signals despite the gloom around last year’s Budget.