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
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
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
The number of high net-worth individuals in the UK has grown by almost a quarter since the recession in 2008 when numbers declined significantly. The number of HNW individuals rose 23.8 per cent to 448,000 in 2009 after falling by 26 per cent in 2008 to 362,000, according to the latest World Wealth Report published by Merrill Lynch Wealth Management and consultants Capgemini.
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Jul
03
Barclays bank has injected £350 million into its wealth management business as part of its ambition to quadruple the size of its business and double its number of private bankers.
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Jun
22
RBC Wealth Management has hired two high-net-worth financial consultants from UBS Financial Services with more than $500 million in combined assets under management for its Portland, Ore., office.
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Jun
22
Barclays Plc plans to quadruple the amount of money it manages for rich clients in South and Southeast Asia in the next five years by injecting capital and adding staff at its private-banking unit in the region.
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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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