All articles by BBR Staff
BBR Staff
Financial advisors are good, not their firms, says Krawcheck
Former Bank of America Merrill Lynch wealth management chief Sallie Krawcheck in an interview during the annual meeting of SIFMA talked about the risks and challenges faced by the wealth management industry.
Deca-millionaires rising, demographic shift in wealth distribution, says Ledbury
According to the latest Wealth Profile by the consultancy Ledbury Research suggests that there will be over one million “deca-millionaires” (individuals with at least US$10 million) for the first time by the end of the year, up from 850,000 in 2008.
Expect exodus of millionaires from China, says report
Almost half of Chinas millionaires (46%) are considering moving to developed countries, reports a study conducted by Hurun Research Institute and the Bank of China.
G20 nations sign convention against tax evasion
In an effort to eliminate banking secrecy, all G20 governments have agreed to a multilateral convention to tackle tax evasion, bringing total number of the convention’s signatories to 34.
Advent introduces new version of portfolio management solution
Advent Software, a provider of software and services for the global investment management industry, has unveiled Advent Portfolio Exchange (APX) 4 the newest version of its portfolio management software.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
AFH buys three new IFA businesses
Worcestershire-based wealth management firm AFH continues to expand its business with the acquisition of three Midlands-based IFA businesses for a total cash consideration of GBP371,500.
Delaying decisions on asset allocation, investment managers changes could be costly, says BNY Mellon
Institutions that delay investment management changes because of due diligence reviews, contract negotiations and other fund governance-related issues may expose themselves to unrewarded risks and could be better served by implementing an interim investment management solution, according to a white paper from BNY Mellon Beta Management.
CAIS to provide alternative investment platform to Focus Financial Partners
New York-based financial technology company CAIS will provide independent, alternatives investment platform to Focus Financial Partners, a partnership of independent wealth management firms.
First Republic Bank appoints senior managing director in Century City
First Republic Bank, a private bank and wealth management company, has appointed Charles Heaphy as senior managing director in Century City.
AXA Wealth platform sales jumps 87%
The third quarter results have been very positive for AXA Wealth which witnessed a significant rise of 87% in its wrap platform sales, Elevate, taking the total platform assets under administration to GBP3.1 billion.