All articles by BBR Staff
BBR Staff
Stonebridge launches wealth management JV with Moneygate
Mortgage and insurance network Stonebridge Group has launched wealth management joint venture (JV) with Moneygate.
Bravura receives seven year contract extension from investment firm Politis
Bravura Solutions, a supplier of transfer agency and wealth management software applications and professional services, has signed a seven year contract with existing client, Politis Investment Strategies (Politis), for the use of Garradin, Bravura’s private wealth and portfolio administration system.
Bentley Wealth Advisors acquires wealth management division of Delfino and Associates
Bentley Wealth Advisors, a Warwick based wealth management firm, has acquired the wealth management division of Delfino and Associates, an East Greenwich, RI CPA firm effective 1 October 2011.
36% of wealthy people considering leaving UK: Lloyds TSB survey
Against the current economic backdrop, new research raises concerns that many wealthy people are considering leaving the UK. Some 36% of people with more than GBP250,000 of savings and investments would like to move abroad. 14% say they are likely to leave in the next two years.
80% of world’s wealthy still live in the developed world: TNS study
According to a study from research company TNS, although emerging markets are becoming “centers of affluence”, 80% of the world’s wealthy still live in the developed world – painting a timely picture of wealth, post-global recession.
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Crescent Wealth set to launch Australia’s first Islamic wealth fund
Crescent Wealth, Australia’s first licensed Islamic wealth manager, has begun the process of establishing a range of investment products, including superannuation, to give Australians access to the previously untapped US$1.4 trillion Islamic investment market.
UBS expects to report modest Q3 profit, positive net inflow in wealth businesses
Easing concerns about the impact of the US$2.3 billion rogue trading loss uncovered last month, UBS said it expects to report a modest net profit and positive net new money in its wealth management businesses for the third quarter of 2011.
Swiss bankers advising clients to avoid US securities ahead of new law
Some Swiss bankers are advising clients to steer clear of US securities ahead of a new law that would tax people with over US$50,000 invested in stocks or bonds of US companies, according to a report published by Reuters.
Wall Street Fraud Watchdog urges HNWIs to use its due diligence service before they invest
The Wall Street Fraud Watchdog has warned all high net worth individuals (HNWIs) to use extreme caution before getting into any type of limited partnership, any too good to be true real estate deal, any business opportunity, or any Wall Street sponsored cash equivalent money making deal, without first using the groups due diligence service.
Securian Trust appoints SVP of wealth management services unit
Securian Trust Company has appointed Jason Schuller as senior vice president with responsibility for the new wealth management services unit.