News > Wealth Management

Key role of family offices to help US billionaires dodge taxes
Multinational companies are routinely pilloried for juggling their revenues, lobbying politicians or even shifting their headquarters to cut their tax bills. But in the U.S., corporate maneuvering to dodge payments looks amateurish compared with the lengths parvenu financiers go to protect their vast personal fortunes. It's great news for the wealth management industry as well as lawyers and accountants skilled in identifying
Tough choices for billionaires
There are 1,825 billionaires in the world, according to calculations by Forbes magazine, and their aggregate wealth is $7 trillion. Many of them have made their riches in Silicon Valley or as entrepreneurs in China, others by getting lucky in the traditional way, making money from money in the finance industry. Yet, they are all troubled by a similar problem: how best
Wanted: staff for growing wealth management industry
Thinking of a job in banking and need to know where the opportunities lie? Or maybe it's time for a mid-career shift from the increasingly insecure world of sales and trading. Wealth management could be a good choice: Talent scarcity is pronounced in the wealth management industry, Mignonne Cheng, CEO of BNP Paribas Wealth Management, Asia Pacific tells Asian Private Banker. (paywall)
People Moves: StanChart names global WM boss; Credit Suisse makes two senior appointments
StanChart names Didier von Daeniken global head of PB and WM. Von Daeniken joins Standard Chartered from Barclays, where he ran the British firm’s Asia-Pacific and EMEA private banking division since 2007. In his new role, von Daeniken will handle both private banking and wealth management, divisions previously been ran by separate people. Deal Street Asia Credit Suisse makes two
The difference between investment and private banking
Stiffer capital requirements and more onerous regulatory burdens have taken their toll on traditional investment banking activities. Sales and trading margins are also being undercut by new competitors as well as technologies that make an intermediary’s function redundant. Some banks, notably Credit Suisse and Deutsche Bank a couple of months ago, are if not re-inventing themselves as private bankers then
Video: Dollars vs impact: How millennials measure success
In a speech before the Financial Research Associates, wealth marketer April Rudin describes the key values for "global, mobile" millennials.
Who will dominate the retirement advice business?
In the way Amazon dominates the book-selling business, a financial-service provider will emerge as the leading provider of retirement-income strategies. Here is how to assemble a full business model and my predictions about which companies have the best chance to take over. The retirement advice business is fragmented, inefficient and serves only a small segment of the population. It’s a
Planning to avoid family conflict
  The wealth management industry tends to sing similar tunes. The strength of an individual private bank's voice might vary, but the songs don't. Sometimes they emphasise open architecture, other times digital technology, philanthropy, holistic service, all-round corporate strength or access to trophy assets. An especially loud trope at the moment is "succession planning". In terms of succession planning, many family businesses fail, not
People Moves: Old Mutual Wealth distribution chief exits after 3 months
Old Mutual Wealth distribution chief exits. Mary-Anne McIntyre is leaving Old Mutual Wealth after just three months as chief distribution officer. She will be pursuing other opportunities. Andy Thompson has been appointed CEO of Intrinsic Financial Services, reporting to Richard Freeman, the new chief distribution officer. Financial Times Photo: ©iStock.com/ooyoo    
Classic cars are top performers
Passion investments normally make up a small part of a wealthy person's portfolio. The bulk goes into stocks, bonds and real estate, some into racier alternatives such as private equity but only the leftovers into collectibles for a bit of fun. Experts advise you to have a genuine interest, whether it's in art, stamps, watches or even comic books and old toys,