08/22/2012
Client assets totalled CHF 96.2 billion at 30 June 2012, up 5.2% on the end-2011 level of CHF 91.4 billion. The increase is due to net deposits by private clients as well as to the effect of exchange rates and asset values.
08/22/2012
The Private Client Group continues to perform reasonably well.
08/21/2012
These days wealth management contributes less than 8 per cent of CBA's group earnings, less than half its relative contribution before the global financial crisis.
08/21/2012
Comparatively, the middle class, who earned between $50,000-$75,000 annually, gave out average of 7.6 percent of their income to charity that year.
08/21/2012
Bromsgrove-based Redbourne Wealth Management has found a charitable solution to the issue of transferring clients after switching networks.
08/21/2012
Succession Group has undertaken a management reshuffle following the £12.5m acquisition of its first five IFA firms.
08/21/2012
New York-based JPMorgan last month reported a 9 percent decline to $4.96 billion following its trading loss in London.
08/20/2012
Bespoke DFM firms are winning business from private banks as high-net-worth clients feel they are being squeezed out in favour of wealthier clients.
08/20/2012
The business targets startups and established funds with long-short or hedged strategies and those focused on arbitrage.
08/20/2012
Bank of America has been selling non-core business units and cutting thousands of jobs as part of its efforts to reduce costs and bolster capital.
08/20/2012
Charitable contributions rose by 15 percent; Carbon dioxide emissions lessened by 24,500 metric tons
08/20/2012
Leeds-based law firm launches new wealth management business
The law firm has been an ambitious player in the Leeds investment scene, and it has made a number of acquisitions in the past to boost its position.
08/20/2012
They also opted for a high degree of diversification in their portfolio, in which they mostly included short-term products.
08/19/2012
Rise of secret millionaires who never make the rich lists
One of the trivial lessons from the boom is that the so-called rich lists rarely come close to the truth.
08/19/2012
And it's not just billionaires loading up on the yellow metal.
08/19/2012
A wave of consolidation has been widely forecast for Asia’s private banking industry, but whether this is a healthy development for the market remains open to conjecture.
08/19/2012
Its survey of 2,028 people from households with incomes of more than £50,000 found that while 81% would seek financial advice, only one in eight would pay for an ongoing service.
08/19/2012
Their experience with ultra high net worth individuals will be extremely valuable in meeting increasing demand for Rothschild’s services from this client segment in particular
08/16/2012
Openwork, which is 25 per cent owned by Zurich, acquired national IFA 2Plan in July 2011 after announcing the deal in September 2010.
08/16/2012
New Programs provides a risk-free assessment for CPA firms aiming to expand wealth management services