09/02/2013
Financial services to make 100,000 millionaires by 2017
At the end of 2012 there were 302,000 millionaires (HNWIs) in Australia, collectively holding US$900 billion, or 15.5% of the total individual wealth in the country.
Wealth and Asset Management
09/01/2013
Towry in talks to buy Bluefin
Bluefin owner AXA had put the business up for sale, alongside employee benefits arm Bluefin Corporate Consulting, in 2011.
09/01/2013
OCBC unit to boost discretionary services
Bank of Singapore wants to boost assets under management to US$80 billion as more wealthy Asians let private banks decide on investments
09/01/2013
Religare buys Macquarie stake in wealth management JV
The 50:50 JV between the two investment banks was formed on 2007 to tap the fast-growing high networth individuals (HNI) client case
09/01/2013
First State Global Emerging Markets Leaders Fund removal from Wealth 150
The First State Global Emerging Markets Leaders Fund has been removed from the Wealth 150 list of our favourite funds for new investment.
09/01/2013
Hargreaves Lansdown Founders Set for £56m Dividend
Analysts are predicting pre-tax profits of £190 million for the year, representing a jump of 25%, and a final dividend of 23.1p.
08/28/2013
Liechtenstein bank reports US tax deal hits profits
The bank maintained in July that the agreement would have no impact on its income statement
08/25/2013
Boutique bank Lesmoir-Gordon, Boyle & Co is riding high
But Lesmoir-Gordon, Boyle & Co, a boutique bank set up by Schroders’ veterans Richard Lesmoir-Gordon, Andrew Boyle and Nick Smith, is aiming to change that.
08/22/2013
Amid the decline, India's wealth club keeps growing
The membership numbers for its wealth club just keep on rising
08/22/2013
Bank Leumi clarify exec pay policy
Bonuses will only be distributed at Leumi if the bank's return on equity reaches 7.5%
08/22/2013
ABN AMRO Q2 slips, warns of higher loan impairments in 2013
Dutch state-owned bank ABN AMRO reported second-quarter net profit of 402 million euros ($536.5 million)
08/21/2013
Bellpenny acquires IFA firm
IFA acquirer and wealth manager Bellpenny has completed its acquisition of Glasgow based IFA firm KM Financial Advisers.
08/21/2013
UBS Global Asset Management reorganizes hedge fund units
UBS Global Asset Management has announced that its leading Alternative and Quantitative Investments hedge fund platform will be reorganised into two separate business areas with immediate effect
08/20/2013
Swiss private bank to wind up Oman operation
Although the reason for downing shutters is not known, informed sources indicate that it could be due to a global restructuring plan
08/20/2013
Looking for Opportunities in Private Banking
We are pleased to announce the launch of our job section of the site
08/20/2013
Raymond James Assets Under Administration Increase in July
Raymond James Financial Inc.'s assets under administration grew 12% in July to reach a new record of $418 billion
08/19/2013
ANZ to invest into promotion of Wealth division
“ANZ Wealth is the overall division name we use globally, while OnePath is an external customer brand that is utilised to distribute offerings through financial advisers,” the bank’s spokesperson said.
08/19/2013
Old Mutual’s new wealth unit to offer ‘integrated, holistic’ service
Old Mutual South Africa’s wealth management business, which combines seven of its business units into one division, started operating in August.
08/19/2013
All shares in ABN Amro likely to be sold off
BN Amro bank is likely to be sold off in its entirety when the government privatises it, rather than divested in tranches
08/18/2013
Boutique wealth manager launches first retail fund
A boutique wealth manager offering a bespoke private client service is to launch its first retail fund as it seeks to diversify its business.