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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Dec
07
Armed with a slew of wealth management veterans that chose to jump ship from U.S. Trust after it was acquired by Bank of America Corp., Evercore Wealth Management has nearly doubled its assets under management to $1.4 billion in the past six months, but the New York company’s top executive said that he expects to reach $5 billion in the next five years.
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Nov
15
UBS AG’s (UBS) Chief Executive Oswald Gruebel is likely to take a leaf from Credit Suisse Group’s (CS) playbook when he faces investors Tuesday and details his plans to turn around the Swiss bank, analysts say.
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Nov
15
Morgan Stanley’s brokerage unit is getting more aggressive in trying to lure financial advisers as the wider retail brokerage job market heats up.
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Nov
15
The Goldman Sachs Group Inc. is eager to expand its wealth management business for wealthy individuals — and to distribute more of its asset management products through third-party brokers and advisers — according to chief executive Lloyd Blankfein.
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Oct
25
Some of the top executives in the international private banking industry spoke this week at Reuters Global Wealth Management Summit in Geneva, Boston, Singapore and Tokyo.
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Oct
11
Julius Baer Group Ltd., the new Swiss private bank being created by splitting its namesake parent, said Friday it plans to expand its business through acquisitions.
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Oct
05
Oswald Grübel, CEO of UBS, confirmed the bank’s mid-term intention to divest its US wealth management arm. Grübel told the Financial Times that wealth management in the US was not a core business.
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Oct
05
Credit Suisse chief executive Brady Dougan said he expected to gain market share among wealthy and very wealthy private banking clients as the Swiss bank has performed well in the crisis.
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Oct
05
A shakeup in the German wealth management market, driven by distressed sellers and new tax evasion measures, may have created a one-off chance for Deutsche Bank AG to bulk up in the lucrative field.
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