05/05/2014
Platform error forces NAB to pay further compensation
A review of NAB Wealth's Navigator platform has revealed that the bank made a mistake when calculating compensation to 43,000 clients in 2012.
Wealth and Asset Management
05/05/2014
Australia: New reports to stir financial planning perfect storm
Rantall said that financial planning will continue to be in the front pages of the newspapers
05/02/2014
India: Private wealth managers a divided lot on election play
Whether or not to take the plunge into equities ahead of the election results is the dichotomy facing private wealth managers.
05/02/2014
Labuan IBFC targets up to 12,000 firms by year-end
Having breached the 10,000 mark for the number of companies at the end of 2013 to 10,638, Labuan International Business and Financial Centre is hopeful of growing the number further by 9% by the end of this year.
05/02/2014
Certitude selects BNP Paribas
Certitude Global Investments has handed BNP Paribas Securities Services a key mandate.
05/02/2014
US-based wealth management giant closes financial planning division in India
The spokesperson clarified that only the financial planning arm of the company was being shut down
05/01/2014
Wealthy Chinese investors stage protest over trust default
For millennia China’s poor and downtrodden have taken their grievances to the capital to seek redress from their rulers.
05/01/2014
ANZ wealth division profits up 11%
ANZ Smart Choice Super now has over 270,000 customers
05/01/2014
Netrwealth to Launch Managed Account Service by Q3
Netwealth is developing a comprehensive managed account service
05/01/2014
YBR adds 13 branches to its network
The group has given so far 70 accreditations for credit and personal advice, 37 for credit and general advice (simple life insurance and savings), 40 for credit advice only and 30 for personal advice only.
05/01/2014
India: Edelweiss Financial Services buys asset management firm
The asset management space is slated to grow rapidly with increasing economic prosperity
04/30/2014
Labuan IBFC surpasses 2013's target
We would like to maintain this growth this year
04/30/2014
30 artists’ works will compete for Sovereign Asian Art prize sponsored by Bank Julius Baer
The Sovereign Art Foundation have unveiled an exhibition of the 30 shortlisted finalists for the 10th edition of The Sovereign Asian Art Prize, sponsored by the leading Swiss private banking group Bank Julius Baer.
04/29/2014
Standard Chartered lights up Victoria Harbour
Strategic location along the coastline together with the amusing animation on the largest video wall in HK will definitely capture the eyeballs of both locals and tourists
04/23/2014
YBR launches “Ask My Advice” day to give Australians better access to quality financial advice
There are a lot of common myths and misconceptions about financial advice
04/23/2014
Praemium confirms integration strategy
We now have the building blocks in place for growth
04/22/2014
BNP Paribas gears up for India push
French banking major BNP Paribas is keen to push growth of its asset management business in India, which it sees as one of the most promising among the key emerging markets in its portfolio.
04/22/2014
Ashmore signs distribution deal with Indonesia’s Bank Permata
Ashmore Asset Management has entered into a partnership with Bank Permata to distribute one of its mid-cap focussed equity funds in Indonesia.
04/21/2014
Local boutique firms target HNIs; offer competition to Barclays, Kotak
There is a notion that wills are meant for older people
04/21/2014
Local boutique firms target HNIs; offer competition to Barclays, Kotak
India may be going through an economic slump but there's been a surge over the past few years in the number of wealth creators leading to an increase in the ranks of the ultra high net worth and high net worth segments.