08/20/2012
Julius Baer To Reduce Rights Offer To 500 Mln Francs
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.
Wealth and Asset Management
08/20/2012
State Street's 2011 Corporate Responsibility Report Highlights Reduced Environmental Footprint, Increased Philanthropy and Volunteerism
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
UniCredit's Wealth report: Italy's clients invest short-term
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
Billionaires load up on gold
And it's not just billionaires loading up on the yellow metal.
08/19/2012
Pictet dismisses M&A as disruptive
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
Only one in eight will pay for ongoing advice, survey finds
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
Rothschild eyes growth as UBS duo boost its wealth team
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 paid nothing for 2Plan acquisition
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
1st Global launches wealth management feasibility analysis program
New Programs provides a risk-free assessment for CPA firms aiming to expand wealth management services
08/16/2012
Coutts Hires Another Ex-Barclays Employee For New Senior Role
She worked as head of strategic partnerships and international third party distribution at Barclays, leading a team setting up commercial joint ventures with overseas banks.
08/15/2012
How Wealthy Families Can Protect Against Financial Predators
Why don't wealth management firms do more to protect families from financial predators?
08/15/2012
Business as usual for Standard Chartered Singapore
In a statement released on Wednesday, Standard Chartered Bank Singapore's chief executive officer Ray Ferguson said it has been "business as usual" for its operations, though some customers have raised concerns about recent developments sur
08/15/2012
NAB Wealth claims improvements, despite lower FUM
Overall, the NAB statement noted that, on a statutory basis, unaudited net profit attributable to the owners of the company for the June quarter was approximately $1.2bn.
08/15/2012
Wealth boutiques merge ahead of RDR
James Hambro & Partners is merging with another wealth management boutique, ahead of changes due in January as part of the UK's Retail Distribution Review.
08/15/2012
EuroMillions Win - Coutts
With EuroMillions in the spotlight following the announcement of the latest jackpot winners, speculation grows as to what the winning couple will do with their windfall.
08/15/2012
When your client wants to get rich from a Warhol
A decade ago, the questions Annelien Bruins got from clients who wanted help building art collections were about how to find pieces they'd love.
08/15/2012
When a rugby scrum meets a financial scrum
Included in the squad will be Harlequins and England captain Chris Robshaw and fellow internationals Mike Brown, Ugo Monye, George Robson and Nick Easter.
08/15/2012
St.Galler Kantonalbank is doing well in the current year
In a continued challenging economic environment, St.Galler Kantonalbank achieved a good half year result. This was primarily due to the net interest income and lower operating expenses.