Jul
03
Wealth managers and accountants do not always find it easy to bridge the cultural divide between their two very different disciplines.
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Jul
03
Sumitomo Mitsui Financial Group and UK banking giant Barclays said on Thursday they would jointly launch a wealth management business in Japan, targeting individuals with at least 500 million yen ($5.7 million) to invest.
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Jul
03
The wealth of rich Asians has surpassed Europe’s millionaires for the first time as the region’s stock and property prices rebounded from the global recession, a report shows.
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Jul
03
Bank of America / Merrill Lynch and consulting firm Capgemini just released the 2010 edition of their venerable survey. Within the report is a mountain of data detailing where the world’s wealthy reside and where they stash their cash. See the full report here.
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Jul
03
The world’s population of high net worth individuals (HNWIs) grew 17.1% to 10.0 million in 2009, returning to levels last seen in 2007 despite the contraction in world gross domestic product (GDP).
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Jul
03
UMB Financial Corporation has signed a definitive agreement for the acquisition of the assets of Prairie Capital Management LLC, (Prairie) an independent asset management and wealth management firm based in Kansas City, Mo. The transaction is expected to close on July 30, 2010.
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Jul
03
Is market and market-related data a crucial driver of success in the wealth management industry? Well, it could be in a couple of ways. Obviously, if a wealth management firm (wealth management news) could craft a truly unique and high value-added data feed for customers, it would prove a marketable benefit, though I think that route is unlikely.
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Jul
03
Cybercrooks have developed regionally-targeted banking Trojans that are more likely to slip under the radar of anti-virus defences. Detection rates for regional malware vary between zero and 20 per cent, according to a study by transaction security firm Trusteer. This company markets browser security add-ons to banks, which offer them to consumers as a way of reducing the risk of malware on PCs resulting in banking fraud.
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Jul
03
Not since the proposed changes to the taxation of UK resident non-domiciled individuals has such controversy been stoked as is the case with the proposals to change the rate of capital gains tax, says Christopher Shaw, group head of wealth planning at Societe Generale Private Banking Hambros.
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Jul
03
According to the BBC, new EU rules to regulate bank bonuses – announced on Thursday – will hit Mayfair hard: the onerous restrictions on pay, says Robert Peston,
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