Wealth management to undergo big changes in the next 5 years
Wealth management businesses will look markedly different in five years’ time, says WH Ireland’s chief executive Richard Killingbeck.
Wealth Management
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SJP’s Ralph on acquisitions, opportunities and vertical challenges
Fresh from an acquisition spree in the UK, wealth manager St James’s Place is taking its pioneering business model east in its next phase of growth.
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Brewin Dolphin underpinned by strong discretionary flows
UK wealth manager Brewin Dolphin has reported a 3.5% increase in discretionary funds under management to £26.8bn ($35bn, €32bn) during its third quarter.
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Malaysian finance centre grows Asia Pacific footprint
The Labuan International Business and Financial Centre (IBFC) approved 16 new insurance and insurance-related licences in 2015 as it expanded its footprint in Asia Pacific.
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Just 12% of millennials use financial advisers, says fintech app Bud
Millennials are more likely to turn to robo-advice than a financial adviser for help with their personal finances, new research suggests.
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Guaranteed products gain in volatile markets, says Beechwood
Beechwood Bermuda, a provider of capital guaranteed investment plans for the international market, said current market volatility has put it on course for record monthly sales.
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International Wealth Insurer sold to Luxembourg’s Foyer
Luxembourg-based International Wealth Insurer (IWI), has been sold by state-owned Belfius Insurance to Foyer, a major private financial group in the Duchy, creating a new player in the international life insurance sector.
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Investors move into defensive assets amid global economic worries
Rattled by a growing list of worries that could threaten the fragile global economy, including the UK’s shock Brexit vote, investors around the world are amassing cash, favouring bonds over equities and increasing their holdings of gold.
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China’s banks seek Hong Kong wealth management operations
Mid-tier Chinese banks plan to expand wealth management activities in Hong Kong to serve mainland high net worth individuals (HNWIs), industry players said.
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Australia’s JBWere cuts adviser commissions
Australian financial advisers JBWere, a unit of National Australia Bank (NAB), plans to revamp its remuneration structure and cut adviser commission rates in line with changes in the domestic and global regulatory environment.
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Alexander Beard partners with French wealth management firm
KMH Gestion Privée and UK-headquartered international financial services company Alexander Beard Group have set up a joint venture to assist companies looking to set up shop in France and provide French and UK nationals with wealth management and pension transfers services.
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Enhance Group launches investment advice service in London
Jersey-based private wealth services firm Enhance Group has launched a new investment consultancy business, located in London, which will provide institutional-style investment advice to high net worth individuals and families.