Page 4 - Wealth Management

Amazon enters India wealth management with bet on startup Smallcase

Smallcase improves digital access to capital markets by offering weighted portfolios of stocks and exchange traded funds.

Amid HK turbulence, HSBC buys AXA Singapore for $575 mn to grow Asia wealth

The acquisition will give HSBC the eighth largest life insurer in Singapore, as well as a leading group health insurance firm, with assets of $474 million, according to a statement.

HSBC aims to be top Asia wealth manager in 5 yrs, eyes China middle class

The London-based bank has outlined ambitious plans to expand in wealth management, particularly in China.

Banking giant HSBC exiting US retail banking to focus on wealth management

HSBC says it is closing its US retail banking business in order to refocus its efforts on wealth management

Citi may be spoilt for choice for consumer business suitors: Analysts

Process may take more than a year to complete, say analysts; business as usual as of now

Focus Financial Partners launches Beryllus Capital in JV with Hinduja Group

Focus Financial Partners is a leading partnership of independent, fiduciary wealth management firms

Advisors push AT1 bonds to HNIs to take advantage of surge in yields

Yields of perpetual bonds issued by State Bank of India and Bank of Baroda, for instance, have gone up by as much as 80-90 basis points (bps), and top recommendation lists of most managers

Wealth managers frustrated over bitcoin, anxious for piece of the action

Many view bitcoin as a good inflation hedge

Indian wealth-tech segment to be $60 bn opportunity by FY25: Report

Indian wealth-tech market is expected to grow three times by FY25

The school dropout who turned the business of managing wealth on its head

The man behind Zerodha has now made a mark catering out to ultra HNIs with a new outfit that takes forward the group's value proposition of transparency

Swiss pvt bank Julius Baer plans wealth management joint venture in China

The plan comes as China, the world's second-largest country by number of billionaires, has been rapidly opening up its financial sector for bigger foreign participation.

BNP Paribas decides to shut down onshore wealth management business

The entity said the move is driven by strategic reasons, wherein it wants to focus on businesses like corporate and institutional banking, and cannot be linked to the Covid-19 crisis

Investing in global funds will provide diversification, better returns

Dollar assets also make sense if you are planning to settle abroad

JP Morgan's new chairman, Leo Puri, could be the Mr Dependable they need

His former colleagues say that he is a patient listener and participant, even if he does not agree with the views.

Wealth managers advise clients to invest in US-oriented offshore products

International funds delivered 6.8% returns in one year, against large drawdowns in domestic funds

Wealth creation to Thalinomics: All you must know about Economic Survey '20

The overarching theme of the Economic Survey 2019-20 is creation of wealth over time and the implementation of policies that act as enablers in creation of this wealth

Axis Bank launches wealth management offering for the ultra-rich

The new product is targeted at those who can deliver a "relationship value" of over Rs 5 crore, as against the earlier Rs 30 lakh under the five-year-old old product.

India will resume previous pace of growth, says CFA Institute CEO

India's economic issues are cyclical and not structural, and we believe India will resume its previous pace of economic growth in coming years, says Franklin

Wealth managers unearth value in smaller towns to beat the slowdown blues

Markets like Raipur and Mangaluru, where people are more cash-rich, offer opportunities that bigger cities don't

World's largest wealth manager turns bearish on stocks as trade war deepens

The Swiss asset manager cut its stock positioning relative to high-grade bonds to reduce its exposure to trade wars and political uncertainty