Wells Fargo sells asset management arm for $2.1bn
Wells Fargo has agreed the sale of Wells Fargo Asset Management (WFAM) for $2.1bn to GTCR and Reverence Capital Partners. WFAM is the asset management arm of the wider Wells...
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Robo-advice for sophisticated investors: We are not quite there yet
Demand from investors for automated or robo investment services has been on the rise globally. But to fully infiltrate the…
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Bordier & Cie jumps onto the crypto bandwagon
Swiss private bank Bordier & Cie is the latest to join the crypto game, through a collaboration with Sygnum. Under the agreement, the private bank…
Standard Chartered private banking loss deepens in Q4
The private banking arm of British banking group Standard Chartered has widened its loss in Q4 2020. The group too suffered market jitters, reporting a…
SJP records 10.5% increase in funds under management in 2020
St James’ Place (SJP) wealth management has released its annual results for year ended 31 December 2020, revealing a 10.5%…
Hampden & Co board gains non-executive director
Hampden & Co has appointed Caroline Taylor as a non-executive director and chair of its remuneration committee. Taylor has more…
JPMorgan pulls the plug on Mexico private banking business
JPMorgan Chase is reportedly withdrawing from its private banking operations in Mexico and has entered into an agreement to refer…
AK Jensen Group to buy alternative investment fund manager FMG Malta
AK Jensen Group has agreed to snap up FMG Malta, an alternative investment fund manager (AIFM) for traditional and crypto…
Expert Commentary & Analysis
View MoreCOVID-19: A multi-channel experience is paramount for retention
The wealth management industry is undergoing a noteworthy digital transformation, but it is a two-sided coin. As the COVID-19 pandemic accelerates the importance of utilising technology for traditional players, it…
COVID-19: Despite the virus, Italy’s retail wealth is remarkably stable
The economy in Italy has been shrinking for several years, having a negative impact on the country’s savings and investment market, now Covid-19 is affecting retail wealth. However, Italian investors’…
Cybersecurity poses increased concern amid COVID-19 outbreak
Cybersecurity will become more of an issue to financial services institutions thanks to the increased usage of digital channels, as COVID-19 necessitates continued lockdowns and social distancing mandates. Implementing additional…
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Optimism over global economic recovery hits a low as May ends: Poll analysis
The global economic growth in 2020 has been eclipsed since the Covid-19 pandemic outbreak causing fears of looming unemployment and recession in a number of…
AI that delivers ROI
IN ASSOCIATION WITH SMARTSTREAM Whether it is familiar through movies, books, conferences or real-world applications, we are all acquainted with the concept of artificial intelligence…
Julius Baer rolls out digital assets service
Swiss private banking group Julius Baer, in association with crypto-bank SEBA, has launched its digital assets service. The pair collaborated…
Northern Trust delves deeper into blockchain with BondEvalue tie-up
American asset manager Northern Trust has struck a partnership to offer asset servicing and digital solutions to the blockchain-powered bond trading…
Forward thinking robo-advisors go back to basics
Increased competition within the online wealth management, or robo-advice, industry is ongoing. The cutthroat climate has now led another robo-advisor…
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Wells Fargo offshore exit offers substantial potential AuM
Wells Fargo announced early in January that it was exiting the offshore wealth management market to focus on US resident clients. While the US retail banking giant has only a…