Managers of Wealth Offshore

No Country for Rich Men

Saverin has plenty of company. The number of Americans who formally renounced their U.S. citizenship soared to 1,780 last year from 235 in 2008.

Mitt Romney would be the wealthiest president ever, Forbes calculates

Mr. and Mrs. Romney fall into the latter category, making them close to quarter-billionaires.

Countrywide set to launch IFA consolidator in July

Bellpenny will use a business model based on acquiring existing IFA firms and asset aggregation and will offer restricted advice.

Coutts cuts 20% of front office in RDR restructure

Up to 20% of Coutts’ front line staff are facing redundancy, following the bank’s decision to place a greater emphasis on wealth management in the run-up to the retail distribution review (RDR), Wealth Manager can reveal.

Former Close team launches fund duo for new boutique

The business is a property and tax planning investment manager, that will focus its sales through intermediary channels.

Caple Banks Wealth Management branches out into Gloucester

Bristol-based Caple Banks Wealth Management has opened an office in nearby Gloucester in a bid to grow its professional connections in the city.

Bank Of Montreal Looks To Singapore For Wealth Operations

The number of centa-millionaires - those with at least $100 million to invest - is expected to increase by 67% over the next four years in Singapore, according to The Wealth Report 2012 by Knight Frank and Citi Private Bank.

Hong Kong: The Most Business-Friendly City in the World

You get what you pay for, perhaps. Just this week, the Hong Kong government announced a round of pay raises for the government, increasing its chief executive's annual salary to a smooth $622,000.

Are wealth firms sacrificing client relationships?

Research from consultancy MDRC certainly suggests this, with satisfaction among advisory clients outpacing that of discretionary clients in 2011.

FSA crackdown on Ucis to hit private wealth management hardest

The UK Financial Services Authority's (FSA) draft of new regulations preventing unregulated collective investment schemes (Ucis) being marketed to retail investors will have most impact on the UK private wealth management sector, according to market

Ultra-Wealthy Will Transfer $27 Trillion by 2050

Most next-generation respondents (79%) consider “being a good steward” of their families’ wealth very important, and the survey found many wished for more involvement.

The United Arab Emirates -- a Fertile Frontier for Financial Women

In Dubai alone, there is Huda Ali Redha Al-Lawati, a principal at Abraaj Capital, the region's largest private equity firm, and Hoda Abou-Jamra, a founding partner of a $40 million health care fund.

Singapore 'should nurture wealth creators, not just wealth managers'

Speaking to a group of around 250 engineering students, academics and industry representatives at NUS Engineering Auditorium, Mr Ngiam was asked during the one-hour dialogue why Singapore could not possess both wealth creators and wealth managers.

HSBC says it's already cut $2 billion in costs

The integration of its four pillar businesses has delivered US$500 million of additional revenue, the bank said, adding a further US$1.5 billion in revenue is expected in the short- to medium-term.

Investec wealth assets up £8bn after Evolution acquisition‎

Profits dip in wealth and investment division as restructuring and unit sales costs take toll.

UK private bank head exits in jobs cull

His role will be filled by Eric Pfister, head of market UK/international, until a replacement can be found.

Private Client Financial Industry Award Reception Doubles Attendance

As part of Private Client Practitioner’s Top 25 series, the Top 25 Law Firms aims to identify, recognise, introduce and promote the Top 25 Private Client Law Firms, in the UK and UK offshore

Northern Trust secures UK charity mandate

This latest mandate underpins Northern Trust's focus on the charities, foundations and endowments sectors and adds to previously announced mandates

Hong Kong fair showcases booming Asian art market

Now in its fifth edition, the four-day-long Art HK has booked 266 galleries from 38 countries, its 50-50 balance of Western and Asian making it unique in the art fair circuit.

Shanghai has 370,000 dollar millionaires - Research

The Hurun Research Institute and independent financial advisor Gao Fu Club jointly released the Shanghai Wealth Report 2012, an authoritative report identifying and analyzing the private sector in Shanghai.

Wealth and Asset Management