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In this edition: how Asian philanthropists are rejecting traditional models when tackling the region’s development needs; the radical rich who can’t wait to give away their wealth; child-lens investing is
...Higher revenues at its wealth management business and investment bank, as well as one-off gains, drove net profits to $1.8bn in the first three months of the year, triple the sum analysts had forecast....
...“Difficulties can arise, especially in the transition between generations — the search for leadership, a lack of understanding, a loss of passion,” he told the Financial Times last year....
...Yet, like Hong Kong, the city-state’s wealth industry is still thriving as rich families increasingly invest more of their money in financial assets as opposed to tangible assets such as property and companies...
...wealth manager was continuing to attract new clients as well as advisers....
...Yet this failed to halt the rise in total wealth among the world’s richest people....
...But the Independent Football Regulator has obvious limits: despite hopes of improved financial resilience or the flourishing of lower league football, it cannot force greater sharing of wealth between the...
...Regulators are looking into the level of thoroughness of the investigations Morgan Stanley conducted around the source of clients’ wealth and their financial activity....
...But he’s no private equity hater (Kjær was the first NBIM head to ask for PE to be added to its mandate) and the presentation raises some interesting points at an interesting juncture of the financial cycle...
...Chief Jane Fraser recently hired Andy Sieg, the former president of Merrill Lynch Wealth Management, to revive the bank’s wealth business....
...Regulators are looking into the level of thoroughness of the investigations Morgan Stanley conducted around the source of clients’ wealth and their financial activity. Read more here...
...“There are significant growth opportunities for wealth managers, particularly as women are still a maturing demographic in relation to financial advice and investing,” says Victoria Ross, a chartered financial...
...Wealthy people are also at risk of being taken advantage of by “supposed friends”, warns Eliana Sydes, head of financial life strategy at Y Tree, a UK-based wealth technology platform....
...“All of that means people need more advice than ever to protect the wealth they’ve created,” he says. Still, the road ahead is fraught....
...This post is mostly a severe case of financial media navel-gazing, with a dash of weird Norwegianess [wow so out of character — ed]....
...“Clearly, most people who have inherited tens or hundreds of millions of dollars don’t give it all away,” says Zach Teutsch, a managing partner at Values Added Financial, one such socially-minded financial...
...Meanwhile, cutting the dividend and the provision makes some sense in terms of responsible financial management....
...A Financial Times poll also shows Biden catching Trump as the Republican spends a large part of his time in a New York court....
...He says increased international tax co-operation, which has led to the end of bank secrecy and the automatic sharing of financial information between countries, would make it hard to avoid such a levy....
...This is an audio transcript of the Money Clinic podcast episode: ‘Isa season — how to build tax-free wealth’ Claer Barrett Hi, it’s Claer here....
...Research from property broker Redfin in February showed that 36 per cent of young Americans had financial help from family when buying their first home....
...Cevian Capital partner Gustav Moss told the Financial Times....
...The Ministry of Finance therefore wishes to gather more information about both financial and non-financial aspects of such investments....
...The two Austrian organisations — the Benko Family Foundation, controlled by his mother, and the Laura Foundation, named after his daughter — had been assumed to look after most of Benko’s personal wealth...
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