05/03/2019
HSBC results show wealth unit up but private banking profits down
Adjusted operating expenses at the division increased 5% year-on-year to $3.45bn.
Wealth and Asset Management
05/02/2019
Leaders Pledge to Change the Future of Female Finance
The WealthiHer Network, which launched on International Women’s Day this year, was formed to transform the industry’s approach to women.
05/02/2019
Multi-family office launches Sandaire Real Estate
“The collective knowledge, expertise and experience that both Chris and Robert bring to the firm further strengthens our business and reinforces our position at the forefront of multi-family office providers.
05/02/2019
SMP Group Supports Bike Ride To Eliminate Childhood Hunger
More than 90 participants, some solo and others in teams sharing the mileage
05/02/2019
Latest Developments on French Wealth Tax 2019: Does the debt still “pay off”?…
They still have to pay the tax at the same rates (1.5% maximum) on their French properties or shares in the interposed company (i.e. a French or Monegasque SCI in most cases) holding such properties if their net value is €1.3 m or more.
05/02/2019
Solving the Corporate Actions Paradox – Reducing Risk, Increasing Efficiency whilst Improving Services
The industry response to this risk and complexity has been to establish best practice, but this has introduced the paradox that risk can be reduced, efficiency increased, and services improved, but rarely all together.
05/02/2019
HNW women say wealth manager diversity top priority
But of the survey topics most relevant to practitioners, the 45% who said they wanted to see themselves better represented by client facing staff was likely to be the most significant.
05/01/2019
UBS Tells Some Managers They Can Hire One for Five Who Go
UBS said earlier this year that it would slow hiring and deepen cost cuts during one of the worst first quarters in recent history, which forced the bank to cut an additional $300 million in costs.
05/01/2019
Schroders develops wealth tool for US bank’s global clients
Combines science of behavioural finance and investment education to improve choices for high net worths
05/01/2019
Tenet acquires Preston wealth manager
The strategy behind the buy out model is to offer network member firms a simpler exit process for retirement.
05/01/2019
International News: Focus On Private Client & Wealth Management
Supreme Court Finds “Wholly Groundless” Exception Not Grounded in Federal Arbitration Act
05/01/2019
Empowering women is critical for the world’s economy and people
If banks and financial supervisors increased the share of women in senior positions, the banking sector would be more stable too.
05/01/2019
Hardly Anyone Is Too Poor to Share
A basic level of social protection is affordable nearly everywhere
05/01/2019
Investec launches client network
Investec says it hopes to connect like-minded clients to drive collaboration and new wealth creation opportunities.
05/01/2019
Mirabaud AM partners with Vevey-based firm to launch SRI fund
The firms will scan the Swiss small-cap universe
04/30/2019
Inflows help push St James's Place funds to record £103.5bn
Andrew Croft, St James's Place's chief executive, said: "This performance demonstrates the resilience of our business through the current political and macroeconomic uncertainty.
04/30/2019
UK wealth managers will have to adapt as people live longer
All this means that wealth management has to change to meet the needs of this ageing cohort.
04/30/2019
St James’s Place posts strong sales despite macro uncertainty
Wealth manager says funds rise 8.3 per cent from the end of the year
04/29/2019
EFG Flags Return to Acquisitions
Fresh money was within the bank's target band of 3 to 6 percent, but at the lower end of the target, which was set last year.
04/29/2019
London luxury property prices rise slightly in the last quarter but sales hit a six-year low
These are the findings of the latest CLPPI, which launches today and shows the impact that Brexit and stamp duty hikes have had on the market – with sales volumes dropping to their lowest level since 2013*.