The high minimum amount to open a private bank account is creating opportunities for small boutique wealth managers, according to Simon Parfitt, director at Hong Kong-based Pyrmont Wealth Management.
Despite many fintech firms proclaiming robo-advice growth, a major survey by GlobalData has revealed that, across the generations, only 1% of consumers are using the technology to invest.
While many in the UK may want to retire abroad, without the right planning or financial advice they may find themselves falling foul of local tax laws, warns Retirement Advantage.
Rothschild & Company has said it remains committed to Asia, despite announcing the closure of its Singapore wealth management office.
A staggering 98% of global investors said they have difficulties engaging with onshore Chinese companies and do not agree with the recent A-share inclusion on the MSCI, according to a survey by the Asian Corporate Governance Association (ACGA).
China’s new asset and wealth management guidelines will likely trigger a fresh wave of consolidation despite some recent revisions, according to Andrew Xia of Noah Holdings, a private Chinese asset management service provider.
Abacus Financial Consultants head of recruitment joins recruitment boutique, Butterfield appoints for Asia push and Nucleus names two non exec directors and remuneration chair.
Hansard Global’s recently announced Bahamas operation will be used to support its “rapidly growing” Latin American client base, according to the specialist long-term savings providers latest results.
Financial institutions across Singapore have been warned to tighten their customer verification processes after the personal details of 1.5 million people were stolen in a cyberattack.
Australians have lost A$26m (€16.4m, £14.6m, $19.2m) to investment scams in the first half of 2018, which equates to A$4.3m every month, according to the Australian Competition and Consumer Commission’s (ACCC) Scamwatch website.
Investment company Vanguard has decided to consolidate its Singapore operational and client activities in Hong Kong.
New financial advisers in Australia could soon be known as “provisional financial advisers” and be required to undergo 12 months of practical, on-the-job training.
