Growing HNWI interest leads Old Mutual Int’l sales to triple
Old Mutual International (OMI) saw net sales triple in the first half of 2015, while its volume of business from high net worth customers grew across all regions.
High Net Worth
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Gov’t considers scrapping ‘regressive’ HNWI pension relief
UK pensions minister Ros Altmann has confirmed that the Government is considering the abolishment of the remaining “regressive” pension tax relief for high earners after slashing the benefits in last month’s Budget.
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UK Gov’t to tighten salary rules to enforce pension taper
The UK Government plans to tighten rules around salary payments to enforce new rules governing annual tax free pension contribution allowances for high earners.
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RBC to sell Swiss arm as it increases Asian focus
The Royal Bank of Canada will sell its Switzerland-based private banking business to the SYZ Group so it can focus increasingly on Asia and the British Isles.
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Greek crisis causes surge in investors seeking professional advice
The number of investors looking for help from wealth management firms has soared as the situation in Greece sparks greater market volatility.
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S7 Capital Management launches as ‘yield focused’ offshore advice firm
Harpreet Sajjan, who served as an executive director at structured products specialist Mayfields Capital, has launched an independent investment advisory company focused on capturing offshore investment opportunities for high-net-worth individuals.
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Wealth managers in danger of losing the youth
High net worth individuals are generally pretty happy with their wealth managers at the moment.
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Eleven advice meetings a year is the ‘sweet spot’ for HNWIs
High net worth individuals say 11 interactions a year is the “sweet-spot” level of contact with their relationship managers at wealth management firms, according to a survey by NPG Wealth Management, SEI and Scorpio Partnership.
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BNY Mellon abandons Asian platform
American asset manager, BNY Mellon, has decided to shut down its platform for high net worth individuals in Singapore and Hong Kong after just 16 months.
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Wealth manager ‘dating’ service secures £500k
A UK-based online “dating” service that matches affluent individuals with wealth managers has been granted half a million pounds to help build up its business in Asia.
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Use of life assurance products could double
Regulatory change could double the sales of life assurance products among high net worth and ultra-high net worth clients, according to a survey of wealth managers and life assurance professionals.
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Manulife Singapore unveils HNWI products
Manulife Singapore has introduced three products to cater for high-net worth individuals.