Wealth and Asset Management

01/10/2020

Chinese FOs gain traction

China’s rapid economic growth has led to the emergence of family offices in the country, but AUM is still lagging the rest of the world, according to a UBS WM report.

01/10/2020

Australian wealth manager identifies 67 rogue advisers

Despite earlier having referenced provisioning for a remediation bill in the order of A$223m, IOOF acknowledged that it had not actually commenced making remediation payments because it was still collecting and assessing the data.

01/06/2020

Wealth management service increasingly popular in S. Korea

The number of South Koreans with financial assets of over 1 billion won (US$854,000) rose 4.4 percent on-year to 323,000 in 2018, and they held 54 percent of their total assets in real estate and 40 percent in financial assets

01/06/2020

YBR exits wealth, sells for $2.5 million

YBR advisers who do transfer will continue to provide services to their existing clients under Interprac's AFSL and will retain their rights to income from their client books.

12/27/2019

Yellow Brick Road takes wealth off-ramp with Sequoia tie-up

Executive chairman Mr Bouris - who founded Wizard Home Loans and has hosted shows including Australia's Celebrity Apprentice and The Mentor - said the wealth sector exit was ultimately driven by a lack of scale and increasing regulation in the wake o

12/24/2019

UBS Reorganization Claims First Casualty

The reorganization has come as a bit of a shock, says one employee of the bank in Asia who did not envisage the changes to the existing structure or Raju’s consequential departure when he spent time with Khan in early November this year.

12/20/2019

Valuecap exits asset management business

“Both companies are proposing to terminate their respective wholesale funds, while i-VCAP is exploring various options in relation to the management of the ETFs, including the possibility of transferring the ETFs to another licensed fund management