06/19/2012
Swiss asset manager Pictet Asset Management (PAM) is expanding its Asian business as part of its bid to strengthen its presence within the region, driven by recent significant acquisitions in Hong Kong, South Korea and Taiwan.
06/19/2012
Global high net worth population increased slightly in 2011, their investable wealth declined.
06/19/2012
The ADIB Wealth Management Solutions Centre is simple and an interactive online portal where visitors can access information and tips on savings and investment.
06/19/2012
Believing YCO would be a safe haven in turbulent times, investors pumped millions of pounds into the luxury boat broker, which has had an impressive range of super rich clients including the billionaires Roman Abramovich and Sir Phillip Green.
06/19/2012
Fine wine is increasing in attractiveness as an asset class for global private wealth investment, according to US-based specialist firm Trellis Wine Investments, which reports an annualised non-correlated return of 11.33% over the past 10 years.
06/19/2012
Most young, wealthy Americans believe it's important to pass money on to their heirs. They may be disappointed to learn that their parents don't feel the same way.
06/19/2012
The firm, which was launched by HNW insurer Aqua and former Hiscox head of motor, Ashley Cole, was set up in March this year.
06/19/2012
RPG, now a fee-based wealth management firm, develops specific plans for clients through an educational approach.
06/19/2012
Manuel G. Ahyong Jr., RCBC head of Wealth Management Group, admitted that the more than 100 percent increase in AUMs in the next four years was a “stretched” target.
06/19/2012
Leading Swiss private banking group in WM acquisitions talks
Given the early stage of these discussions, the outcome is entirely open.
06/19/2012
Those committed to independence include Equilibrium Asset Management and Investment Quorum
06/18/2012
Coutts to offer compensation to customers
Coutts, the taxpayer-backed private bank that counts the Queen among its clients, has begun offering customers compensation likely to run to millions of pounds for bonds missold to them at the height of the financial crisis, I have learned.
06/18/2012
Hentsch, whose family members have been bankers in Geneva for seven generations, estimates that about $3 trillion of private wealth is managed by firms in Switzerland.
06/18/2012
“We are very honoured to win this award for the fourth consecutive year; this segment represents the heartland for Australian Private Banking, and it’s a unique achievement for the Commonwealth Private team.
06/18/2012
But wealth managers argue that only “risk assets”, such as equities, have the potential to preserve the value of their clients’ portfolios in real terms.
06/18/2012
The service, which 7IM plans to launch in the next 18 months, would allow investors to view their portfolios and make transactions.
06/18/2012
The Zurich rivals tend to enjoy contrasting fortunes. For much of the last decade, UBS was a model of relative stability, while Credit Suisse grappled with scandals and the fallout from ill-judged acquisitions.
06/18/2012
At the same time, firms will have to change the way they describe their advice – choosing to declare their range of services as either “restricted” or “independent”.
06/18/2012
Wealth managers defy gloom to splash out on headcount
Wealth managers are on a hiring spree as they seek to take advantage of a steady rise in the number of millionaires across the world despite the economic environment.
06/15/2012
Rimmer, most recently chief executive officer of adviser group Financial Services Partners, will take responsibility for the strategy and business development of EQT's new division.