Managers of Wealth Americas

UBS to Launch Funds Replicating Brokers’ Model Portfolios

The bank’s global wealth management unit generated $1.22 billion, up 41%.

US banks prioritised wealthy clients for SME rescue loans

Customers of Citi’s private bank, where the minimum account size is $25m, didn’t have to use an online portal to apply for a loan.

Billionaire Ray Dalio says coronavirus marks the start of a ‘new future’

Comparing the pandemic with other periods of economic hardship, such as the Great Depression, Dalio said the current downturn — painful as it is — would be “relatively brief” and would allow for a wider global “restructuring.

UBS Advisor Named to Financial Times List of Top 400 Financial Advisors

A graduate of the University of Florida, Stephens was on this list in 2016.

Hiring a Wealth Management Team

The important considerations for any affluent family looking to make the best and most well-informed decision about with whom to entrust their wealth.

Citigroup Cutting Ties With Anthony Scaramucci’s Hedge Fund of Funds

Move follows a loss of more than 20% in March by SkyBridge’s flagship fund

Why brand building is essential in times of precarity

The key to the popularity of these durable advertising campaigns was that they exercised a ‘feel good’ factor and prompted memories of better times.

Broadridge Announces $1.5 Million Commitment for Community Relief to Help Those Affected by COVID-19

Broadridge will directly donate an initial $1 million to support charities and schools globally

Who are the 15 youngest billionaires in America, and which is the richest

Collectively these young people are worth more than US$100 billion – and some of the richest are, surprisingly, not household names

Major Challenges Ahead

Equities should be lower but calling a top in the current recovery is challenging.

ZEDRA Fund services announces $230m LATAM fund win

Ryan Taylor, Director of ZEDRA Fund Services explained, “We have proven and significant experience in the small and mid-tier alternative funds administration sector."

Significant rise in clients in Latin America requesting succession planning, reports ZEDRA

While not linked directly to the Covid-19 outbreak, Zedra believes the publicity surrounding the pandemic has acted as a catalyst, prompting clients to review how their estates will be managed.

Pandemic Dents Morgan Stanley Wealth Management’s Numbers

Morgan Stanley Wealth Management saw $18.4 billion of net flows into fee-based accounts, up 24% from the net inflows recorded a year earlier.

Quantum Private Wealth launches operations in US

The firm further noted that it will offer customised advice depending on each customer’s short-term liquidity requirements and long-term goals.

Managers of Wealth Appreciates its Advertisers

We’d like to express gratitude to our fantastic sponsors here at Managers of Wealth.

Keep moving and motivated with #cando

We’re creating a series of active and wellbeing videos, working with the fantastic TeamedUp and their Olympic and Paralympic athletes

Review of the Week: The Bramble Bush

With the virus outbreak still in full swing, some Western nations are already mulling a relaxation of lockdown.

Bank of America profits slump 45% as it braces for a surge in bad loans

Bank of America reported first-quarter earnings on Wednesday that beat analysts' revenue expectations but fell short of their earnings per share forecasts.

Goldman’s profit tumbles 46%, but bank posts strongest bond-trading results in 5 years

“Revenues increased in investment banking, global markets and consumer and wealth management. However, the bank took a bath in asset management.”

Objectway offers Licence Free Period for WealthTech Suite

The rapid escalation of COVID-19 outbreak has forced us to test our business continuity plans

Wealth and Asset Management