A cut in costs helped trigger a large rise in profit for UBS in the fourth quarter of last year although results were mixed in some ways, with a cost-income ratio at the global wealth business standing at over 80 per cent.
The US banking and investment group reckons that there is plenty of life yet in the US equity market, and others besides, even after more than a decade of a rally in stocks. Valuations are expensive in certain areas, but history teaches that the price of buying earnings is not always a worrying sign.
Accounting systems should answer and give details to support core questions about the value and changes in a client's financial position. Some fall short of that but what sort of tests should apply? This vital area of wealth management is addressed by F2, as part of a continuing series.
Among the highlights of the figures was a record net new household acquisition of 40,804 in 2019, up by 25 per cent compared with 2018.
Regardless of the level of wealth or social profile, all families ought to take the prudent steps necessary to bolster their security in order to protect their most vital assets. Risk management includes taking ...
The latest news about technology products and services relevant for wealth managers around the world. ...
Some of the latest senior moves in and around the North American wealth management sector. ...
The team joining in Florida had previously overseen $194 million in client money. ...
The MFO arm of the private banking group has brought in a senior manager who has, among other roles, worked in the family office of Tommy Hilfiger. ...
Funding college scholarships is a central feature of education philanthropy. The area is full of complexity, however, and it is possible for benefactors to err. This article explores the details and recommends h...
After a momentous year for politics and financial services in jurisdictions such as the US, Britain, Hong Kong and France, we take a chance to reflect on what the wealth management story has been and what is in ...
This is a list of the topics the editors of this news service are tracking over the coming 12 months. It is revised regularly. ...
It is the world's largest wealth management firm and it is also a major player advising clients about philanthropy. Just as economies of scale apply in parts of the financial services space, they bring efficienc...
The author of this article looks at an area which perhaps isn’t helped by its name. “Distressed” does not have to be distressing. There are some mutterings that the credit cycle in the US and other countri...