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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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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In what is shaping up to be a record year for sales of wealth management firms, advisers looking for the best possible deal need to look at their business as if they were a buyer.
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As more investors look to put their money to work next year, their options will include more than the usual suspects. During the financial crisis, many regional investment banks and boutiques, including Lazard Ltd. and Evercore Partners Inc., have launched U.S. wealth-management practices to diversify their revenue.
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High net worth individuals want greater access to information so that they can have more control over their investment decisions, Jasmine Yalds takes a look at how this is affecting wealth management professionals, and the technology that can help.
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UBS AG, Switzerland’s largest bank, will award bonuses to veteran financial advisers in the lender’s Americas wealth-management unit as it tries to retain brokers, according to a financial recruiter.
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When it comes to the wealth of our nation, the figures from the Office for National Statistics suggest that it is precariously balanced and embarrassingly uneven.
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Switzerland’s Sarasin Group has launched a range of Shariah-compliant private banking products and services in Qatar to meet what it said ‘the rising global demand for Islamic financial products’.
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The southern city of Shenzhen is home to the biggest number of securities companies in China. A third of fund management companies and many private equity funds are also located there. With the opening of the GEM board in the city, most are starting to expand business there.
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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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