07/17/2013
Morgan Stanley Q2 profits up 66%
Morgan Stanley said second-quarter profits rose 66%, as higher revenue from executing client trades and growth in its wealth management unit more than offset the impact of rising interest rates.
Wealth and Asset Management
07/16/2013
The Wealth Management Whine
Steven Crosby, senior managing director at PricewaterhouseCoopers, predicts a five-fold, global increase in mergers and acquisitions in the wealth industry
07/16/2013
Women forcing wealth management professionals to change their thinking
Wealth management industry facing changing demographics
07/16/2013
UBP Launches Unconstrained Bond Fund
Geneva-based Asset Management Firm Unveils Fixed Income Strategy Designed to Capitalise on Rising Rates Environment.
07/16/2013
BNY Mellon's assets inch up in quarter
Bank of New York Mellon reported $1.43 trillion in combined assets under management
07/16/2013
Northern Trust 2Q net income rises 6 percent
Northern Trust Corporation reported second quarter net income per common share of $0.78, up from $0.73 in the second quarter of 2012 and $0.67 in the first quarter of 2013.
07/16/2013
HFM Columbus: Private Client Recruitment Market Never Looked Better
HFM Columbus director Marcus Carlton says the private client recruitment market has never looked better
07/16/2013
BofA, Morgan Stanley Hold Lead In Top Wealth Manager Ranking
Bank of America Corp. and Morgan Stanley held on to a slim lead over UBS AG in a 2012 ranking of the world’s largest wealth managers compiled by PAM Insight SA.
07/16/2013
Bank of America makes hay from wealth management
Hidden in the numbers released in Bank of America's second-quarter earnings report on Wednesday was a single figure - 27.6 percent - that should delight the wealth management industry.
07/16/2013
Will FCA wealth management arm spark new supervisory era?
However, they also say the level of oversight and industry experience shown by the new division will prove crucial to the regulator’s ability to supervise the sector.
07/15/2013
Goldman Beats Estimates on Investment Banking, Debt Gains
Goldman Sachs Group Inc. said earnings doubled, beating analysts’ estimates on a surge in underwriting revenue and gains from the firm’s own investments.
07/14/2013
Swiss Private Banks Continue to Face Headwinds - Fitch
Well Placed To Withstand Pressure
07/14/2013
Julius Baer boosts Israel activity
Swiss private banking institution incorporates activity of Merrill Lynch's wealth management division into its TA office to strengthen presence in Israeli market
07/14/2013
Rich Latin Americans love Miami
Itaú Private Bank International: Building on Miami’s allure to Latins
07/14/2013
Dubai loses ground to London in battle of banking
London has strong links to the Gulf region due to its historical bonds with the sheikhdoms when they granted Britain as trucial states access
07/14/2013
Bennelong Group appointa new wealth management head
Bennelong has stated it plans to build a national wealth management business targeted to high-net-worth clients
07/14/2013
Nine in 10 high net worth individuals use social media
"Nine in 10 high net worth individuals use social media and 52% would like to engage with an adviser through social media," Ambrose said.
07/14/2013
HSBC Trinkaus to sell private banking in Luxembourg
Approximately 20 employees working for the private banking business of HSBC Trinkaus & Burkhardt (International) SA are expected to transfer to VP Bank as part of the sale.
07/14/2013
Lloyds' grip on private banking loosens as Rathbones and Investec grab UK share
The bank has some $398 billion under management globally, and was followed in the list by Barclays which runs $201.4 billion.
07/14/2013
Wealth managers fire warning shot over ‘super clean’ fund deals
The race to secure the best priced share classes intensified earlier this month when Standard Life became the first platform to secure super clean deals.