Managers of Wealth Offshore

Wealth managers are going to have to know their clients better

They are also going to have to “know their clients” better than in the past and demonstrate suitability more rigorously than they may be used to.

New Approach to Portfolio Construction Required, say UK Financial Advisers - study

Against the backdrop of volatile markets, seven in ten advisers (71%) say the majority of their clients are conflicted between pursuing return and protecting capital. Advisers, recognising their clients' anxiety and the need for more durable portfoli

Reyl & Cie appoints senior manager for French wealth market ‎

With considerable experience in wealth management and extensive knowledge of US equity markets she will continue to develop Reyl France’s advisory service for investment in unlisted companies.

Revealed: Saudi royals' secret $1bn US empire

A secret $1bn US property empire amassed by members of the Saudi royal family is the subject of a bitter legal dispute that threatens to reveal the extent of the family's American business interests.

Growth in Philippines wealth management industry

The Philippine financial and economic managers seek ways and innovations to provide impetus for growth and open more opportunities in the fledgling wealth management sector.

Regulations in Asia possibly preventing 20-25% growth in wealth management industry

Asia leads the way for growth and drives growth for other countries said Steven Crosby of PwC New York during a recent presentation in the Cayman Islands.

Champagne investors see big bucks in fizz

The British public's thirst for champagne – both to drink and as an investment – has fizzed to record levels, spurred by the Diamond Jubilee and the anticipation of the Olympic Games.

Credit Suisse seeking private banking deals

Credit Suisse has otherwise been relatively quiet on the private banking deal front.

Finma’s Branson Sees Swiss Private Bank Mergers

Switzerland will probably end up with fewer small banks as rules become stricter about accepting new funds and checking clients’ tax compliance, the newspaper cited Branson as saying.

New Sebi rules for pooled investments meant for HNIs

As an HNI you may search for unique investment opportunities through structures, hedge funds or specific private equity (PE) funds. The new regulations mean that you can take that extra risk knowing that there is a framework that guides the manager and a

Sulaiman Al-Rajhi’s life a rags to riches story

Al-Rajhi is a billionaire who chose last year to become a poor man at his own will without having any cash or real estates or stocks that he owned earlier.

Latest UBS move seen as sign Americas unit won't be sold

Although the move itself isn't earth-shattering news, the action represents yet another signal that the bank has no intention of selling its U.S. operation, according to Alois Pirker, research director for consultant Aite Group LLC.

Credit Suisse Completes Acquisition of HSBC's Private Banking Business in Japan

This acquisition enables Credit Suisse to further scale and enhance its wealth management capabilities in Japan and clients will be able to benefit from the expanded coverage provided through additional offices in Osaka and Nagoya.

China's first self-regulating fund association inaugurated

"It is urgent for China to establish a strong wealth management industry and the founding of the fund association is at the right time," said Guo.

Middle East wealth switching to Singapore

Europe has been the place where rich Middle Easterners have traditionally stored wealth, but their focus is shifting east, with Singapore a particular beneficiary, agreed a panel of wealth managers.

Adviser comparison site launches with IFP and Nucleus backing

VouchedFor.co.uk, today launches its new financial adviser comparison site in conjunction with several founding partners – Institute of Financial Planning, FundsNetwork, Nucleus and Voyant – who will support in rapidly establishing VouchedFor

India can be looked at as favorable destination by wealth management firms: report

The rapidly growing base of high net worth individuals (HNWI) in India is expected to provide attractive investment opportunities for wealth management firms, according a new report from BRICDATA.

Worried Swiss bankers get own advice hotline

The Swiss Bank Employees Association SBPV says it has set up a hotline to counsel bankers who fear they could be targeted because of their clients' tax evasion.

Can Credit Suisse solve its chronic cost problem?

Mack inherited an investment bank with the highest cost-income ratio on Wall Street (it actually made a loss of $1bn in 2001), the highest compensation ratio, and a cost base that was effectively 80% fixed through guaranteed bonuses.

"Safe-haven" investments may no longer be valid, say experts

Investors should rethink how they should invest in current volatile markets.

Wealth and Asset Management