AES International has decided to implement the advice and wealth management platform Xplan, developed by Australian technology company IRESS, to help remove time-consuming manual processes across its business.
Robo-advisers will have a significant impact on the financial services industry over the next five years, a global fintech survey by CFA Institute showed.
The US-based partnership of independent wealth management firms, Focus Financial Partners, has expanded its international network to Australia by signing up the Melbourne-headquartered MW Lomax Group.
Wealth managers and financial advisers are losing faith in equities according to a new survey from Royal London Asset Management.
Managing partner of Holborn Assets, Reg Ormond, has died at the age of 50 from a sudden heart attack.
Deutsche Asset Management reported a net revenue decrease of 12% in the first quarter, dropping to €736m (£571.2m, $832.4m) from €840m in 1Q15.
Better-than-expected institutional net flows helped push group assets under management to a record £325bn ($473.6bn, €418.7bn) in the first quarter of 2016, Schroders said on Thursday.
The Securities and Commodities Authority (SCA) in the UAE has amended its regulations to enable licenced advisers to offer clients a full financial planning service, creating a “distinct line” between its remit and that of the Insurance Authority.
The National Australia Bank Group, one of the country’s big four banks, has restructured its high net worth (HNW) business, which will see its private banking arm renamed NAB Private.
A lack of quality investment targets will pose a challenge for Chinese wealth managers this year, a new report by Cerulli Associates said.
The asset and wealth management industry has seen its first significant fall in confidence since the winter of 2011, according to a joint report from the CBI and PwC.
UBS Wealth Management, part of Swiss bank UBS, said income from its Asian operations rose in 2015 while other regions were down.
