Hints and tips:
Related Special Reports
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....
...Fraser told investors last month that the wealth management business “isn’t where it needs to be”....
...Puig said three years ago that the fourth generation would eventually participate in the company’s governing bodies, but would not be part of the management “unless they go through several difficult filters...
...The wealth management sector, buoyed by the expansion of family offices, has remained surprisingly vibrant, says Zhiwu Chen, professor of finance at Hong Kong University Business School....
...Three more US regulators have opened investigations into how Morgan Stanley’s wealth management division handles potentially risky clients, according to a person familiar with the matter....
...“Diversification absolutely matters,” agrees Mark Haefele, chief investment officer of UBS Global Wealth Management. “You need to diversify geographically and across asset classes.”...
...The most venerable star in this week’s issue is Lombard Odier, the global wealth and asset management group founded in Geneva in 1796....
...management may put them off....
...Pick downplayed recent reports that Morgan Stanley was being probed by multiple US regulators over how its wealth management division handles potentially risky clients, saying this quarter’s results in wealth...
...Though it has left consumer banking, elsewhere Goldman has tried to build a massive wealth and asset management business that brings in steady fees....
...“Trump is starting to enter the narrative as the US election approaches,” says John Roe, head of multi-asset funds at Legal & General Investment Management....
...Companies need to take the lead and promote wealth management as an inclusive space where women’s voices matter.”...
...Morgan Stanley is planning to cut hundreds of jobs at its wealth management business in the first major action under new chief executive Ted Pick, said a person familiar with the matter....
...“It can be hard to know if someone is using you for your wealth or if your wealth is simply enabling your friends to join you in the activities you love,” she notes....
...“Wealth management should be boring,” says Kearney. “It is about grinding out returns, year after year.”...
...At Goldman, Solomon is also seeking to achieve a similar strategic transformation to Morgan Stanley by expanding in asset and wealth management....
...A 2021 study by researchers from Singapore Management University and Yale found that “when people consider their wealth relative to others, there is a stronger association between money and happiness”....
...Meanwhile, cutting the dividend and the provision makes some sense in terms of responsible financial management....
...The company said the take-private offer was “in line with OCBC’s strategy to solidify its wealth management leadership position to drive growth by capturing rising Asian wealth”....
...You can then end up with pointlessly stupid situations like Viking Global’s CEO Ole Andreas Halvorsen, whose talk at the Norwegian sovereign wealth fund’s annual investment conference has caused a minor...
...The asset management arm of the Emirati sovereign wealth fund is increasing its bets on Latin America’s largest economy, where its holdings span metro lines and medical universities to a majority stake in...
...John MerrillPresident, Tanglewood Total Wealth Management, Houston, Texas, US...
International Edition