08/27/2020
Two Sydney advice firms merge
Two Sydney-based advice firms have merged, with the firms saying it was not a decision either party made lightly.
Wealth and Asset Management
08/26/2020
‘Survival of the fittest’: Three sectors that stand to benefit from Covid-19 trends
Global businesses aimed at taking advantage of this cohort stand to be the big winners out of coronavirus as people return to the shops.
08/25/2020
Sanctum Wealth: Fuzzy Markets
The market senses that economic activity could be losing momentum.
08/25/2020
Fintech vs Private Banks: Takeover Threat for Wealth Management?
Despite the receptiveness, private banks are seemingly little worried about actual threat to market share, even if many clients were to open accounts with fintechs.
08/25/2020
Gold Brings Rewards for Institutional Portfolios
WGC noted the risk of currency depreciation, trade challenges and geopolitical uncertainty, and an ageing population that will put further pressure on public finances in a low-yield environment, as challenges that remain for Singapore.
08/24/2020
Edelweiss witnesses 65% Y-o-Y growth of mobile investors in India
Edelweiss Wealth Management has also seen an increase of 677% in account openings through EMT, in Q1 FY21 as compared to Q1 FY20.
08/24/2020
Global dividends plunge by $108bn during Covid-19 crisis
Study of world’s largest 1,200 companies reveals biggest quarterly drop since records began
08/23/2020
Asia wealth management hits snag with bankers stuck at home
The challenge is the majority of private bankers’ business in Asia is coming from offshore
08/21/2020
Chinese Private Bankers to Learn From Julius Baer
Julius Baer said it will provide its management expertise to the institute's academic research in order to help train and educate wealth managers in China.
08/21/2020
EFGAM prepares another FMP launch
The HK asset management arm of Zurich-based EFG International plans to launch its second fixed maturity product this year.
08/21/2020
Asia Wealth Management Hits Snag With Bankers Stuck at Home
They’ve focused instead on a trading boom among existing clients.
08/21/2020
Asia Wealth Management Hits Snag With Bankers Stuck at Home
But the shrinking pipeline is an increasing worry as Covid-19 flareups in the region keep them largely grounded, say executives and relationship managers.
08/21/2020
Making money, doing good: How family offices marry asset management and philanthropy
Regardless of individual circumstances, cultural transformation is the ultimate goal. Rather than acting as a means to an end, ESG should inform the FO’s approach holistically.
08/21/2020
With bankers grounded by Covid-19 flare-ups, the likes of JPMorgan and UBS see slowdown in Asian wealth management business
More than half of the assets managed by private banks in Hong Kong and Singapore are drawn from outside the two hubs
08/21/2020
Virus grounding of Asia's private bankers erodes wealth management trade
And while regulators are easing rules that typically require in-person meetings and on-site visits, banks are still catching up with digitization and some bankers are reluctant to step away from the traditional checks.
08/20/2020
‘Prove where you got your wealth,’ India tells alleged tax dodger
A landmark ruling against the beneficiary of an undeclared Swiss bank account could be a breakthrough moment for authorities hunting hidden wealth.
08/20/2020
Pandemic, low interest rates push private bank investors to alternative assets
Alternatives can be used as a substitute for core bond portfolios, which currently generate very little, if any income.
08/20/2020
Wealth management in Hong Kong, Singapore hits snag with bankers stuck at home
Already, the likes of UBS Group and JPMorgan Chase & Co have seen the growth of new money in Asia take a hit.
08/20/2020
Morgan Stanley duo establishes advice boutique
The duo is joined by Ryan Loehr, who worked as an associate adviser initially at Morgan Stanley with the two.
08/19/2020
Asset managers in Singapore support work from home option
The coronavirus pandemic has accelerated tech adoption at firms globally, allowing a growing number of firms to overhaul their rules and maintain remote-working arrangements even after lockdowns have been lifted.