07/28/2015
AMP, Commonwealth Bank support ethics drive for advisers
The program encompasses coaching, online training and workshops to help advisers make better decisions for clients.
Wealth and Asset Management
07/28/2015
UBP says integration of Coutts International on schedule
Not including assets from Coutts, UBP posted assets under management of 93.1 billion francs at the end of June.
07/27/2015
Netwealth posts record year of growth & launches first private label managed account
Australia’s largest non-institutional platform, netwealth, has reported their largest year of growth on record increasing Funds Under Management (FUM) by $1.96b for the last Financial year, with current FUM at $7.6b, at the same time as announcing
07/27/2015
BHF Kleinwort Benson says not contacted by bidder Fosun
Wealth management group BHF Kleinwort Benson said on Monday that it had not been contacted by its largest shareholder, Chinese investment group Fosun, which has put in an offer to rest of the Belgium-listed company.
07/27/2015
3 top executives to buy out RBS' wealth management unit
Bank’s plan is to follow up sale of wealth management business with that of its retail and corporate portfolio in India, says a top executive of RBS India
07/26/2015
Wealth of Singapore’s richest drops amid economic slowdown
One of the few gainers was Goh Cheng Liang, who moved up to rank 3 from 7
07/26/2015
Credit Suisse sees small cuts for investment arm in Asia
Asia-Pacific chief Helman Sitohang says that above-average returns justify retaining a strong investment bank presence in the region
07/24/2015
Aberdeen Asset Management investment group reiterates focus on Asia and emerging markets
Aberdeen’s purchase last year of Scottish Widows Investment Partnership from Lloyds for about £660 million has cut some of its reliance on emerging markets, he continued.
07/24/2015
How promoters are taking charge of managing their personal wealth
Indian business families are now taking direct charge of investing and multiplying their wealth through their family offices in what is seen as a quiet revolution in family owned businesses in recent years.
07/24/2015
Australia's NAB to refund 62,000 wealth management clients
The NAB compensation follows an independent review by PricewaterhouseCoopers at the request of the Australian Securities & Investments Commission.
07/24/2015
The restless rich and what to do about them
The report categorizes the rich on the mainland as anyone with net assets of $1 million, not counting their primary residence, and says most of the mainland's rich are heading to the United States, Hong Kong, Singapore or the United Kingdom.
07/24/2015
Chinese investment group bids to buy rest of BHF Kleinwort Benson
It agreed to buy German bank Hauck & Aufhaeuser Privatbankiers earlier in July. It also owns French-based holiday company Club Mediterranee and has a stake in Britain's Thomas Cook.
07/23/2015
Wealth management group IOOF cuts ties with financial planners
Wealth management group IOOF has let go 33 out of 48 financial planners it acquired in 2012 as part of its purchase of the My Adviser and Plan B businesses, according to trade publication Independent Financial Adviser.
07/23/2015
How promoters are taking charge of managing their personal wealth
Promoters sitting on huge cash after selling off their businesses are also directly taking charge of their Family Office to make investments
07/23/2015
Credit Suisse Asia chief eyes expansion as regional profit doubles
Credit Suisse Group's Asia chief on Thursday said the Swiss bank would consider raising headcount or buying a smaller peer to build up its private banking business, in a region where pretax profit doubled in the first half of this year.
07/22/2015
CNN’s ‘On China’ To Feature The Ultra-Wealthy, Their Luxury Cars And Private Jets
CNN's "On China" has always given voice to Chinese individuals who share their insights on various issues surrounding the Asian economic giant.
07/22/2015
Ignition signs up RPAA
Specialist robo advice firm, Ignition Wealth, announced this week it had signed an agreement with the Retirement Planning Association of Australasia.
07/22/2015
Asian high net worths turn to banks
The East and Partners analysis said that Asia's HNWIs were continuing to focus on international equities as an asset class
07/22/2015
New magazine will sell Australia to Asia's millionaires
"MillionaireAsia is not just about print," said Mr Yim
07/22/2015
Tough targets and “suffocating” compliance stresses push Asian bankers to the brink
Private banks have recently struggled to reduce compensation and compliance costs