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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President Hugo Chavez’s socialist government on Friday shut private bank Banorte on grounds it was unable to to meet short-term obligations, threatening to undermine confidence in Venezuela’s financial system.
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The head of Royal Bank of Canada said on Tuesday the bank is mulling acquisitions to build its business, particularly in global wealth management, but does not see a blockbuster U.S. retail banking deal any time soon.
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Bank of America Merrill Lynch, fresh from supplanting UBS as the world’s largest wealth manager, has promoted David Jervis to lead its wealth management unit for Europe, the Middle East and Africa.
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Swiss boutique private bank Banque Heritage has opened its first Asian office in Singapore, targeting wealthy families from around the region.
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UBS AG’s (UBS) head of financial communications Philip Higson will move to the firm’s private bank effective Jan. 1, according to a memo sent Friday to equity analysts.
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Dexia SA is reviewing its wealth management unit for a possible sale, people with knowledge of the matter said, the latest financial institution weighing the disposal of private-banking assets after a state rescue.
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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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