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
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
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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Jun
22
The third annual Rising Stars in European Wealth Management Survey, Financial News’s pick of the top 40 wealth managers under the age of 40, shows what a dramatic upheaval the industry underwent in 2009. Only a few on last year’s list continued their ascent. There are 35 new names, reflecting the changes wrought by the recession on an industry that many consider lethargic.
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Jun
22
Outsourcing has become a vital issue for independent financial advisers (IFAs) and an ever-growing source of revenue for discretionary wealth managers.
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Jun
15
The combined wealth of households around the world rose 12 percent last year and nearly surpassed the 2007 high-water mark, yet money managers faced lower revenue and shrinking profit margins, according to an industry study released on Thursday.
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Jun
15
Wealth in Asia-Pacific grew faster than in other regions around the world in 2009, according to a new global study. The region, excluding Japan, added 22 percent, or 3.1 trillion dollars, to its coffers from the end of 2007, a study conducted by US-based business advisory firm Boston Consulting Group (BCG) stated.
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Jun
15
Singapore and Malaysia led a recovery of global wealth to pre-crisis levels as the number of millionaires grew by about 14 percent last year, the Boston Consulting Group said.
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Jun
15
Millionaire households owned more than half of the wealth in the Middle East and Africa region in 2009, according to a new study by the Boston Consulting Group (BCG).
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