Sunlight and roses at Lombard Odier and Pictet 29/08/2014 Perfectionists may quibble that the inaugural sets of results posted by Lombard Odier and Pictet, two of the big Geneva-based private banking groups, may still be short of disaggregated and comparative time series-related details. But the consolidated data provided enables analysts and students of the Swiss private sector to answer a number of long standing questions about the absolute and relative size of both organisations as well as profitability and the efficiency with which they run their operations.
2000 and bust? 27/08/2014 The S&P 500 may have closed at 2,000 on 26 August after hitting an intraday high of 2,005. But so far with the exception of the United States, where the S&P 500 has posted returns of more than 8 percent for the year to date, 2014 has turned out to be a rather frustrating year for investors. Most major markets, and especially the UK, appear to have become range bound.
The $10 billion family office you've probably never heard of 26/08/2014 Multi-family offices (MFOs) and their cheerleaders have often aroused the ire of thewealthnet, not least because of the difficulty in distinguishing institutions that insist on using this moniker from more “conventional” peers, such as private client investment managers.
Big fines lie ahead predicts Bovill wealth and private banking principal 21/08/2014 Big fines and reprimands for compliance issues still lie ahead for wealth management. Mark Spiers, principal, head of Wealth Management and Banking at consulting firm Bovill, told thewealthnet he feared it would be three years before the sector closed the gap between UK regulator's expectations and reality.
Another shift in the UK wealth management sector's tectonic plates 20/08/2014 It sometimes seems that change occurs at a glacial pace within the wealth management sector. Take the adoption of digital technology, for example. This has had a transformational effect on other segments of the economy, not least the retail and publishing sectors.
So how rich is Tony Blair (or more reasons to avoid rich lists)? 06/08/2014 The explosion in the number of rich-lists that attempt to quantify the personal wealth of the rich, famous and downright lucky appears to show no sign of abating. Whether they are produced in response to a demand for this type of information from an increasingly voyeuristic general public or have helped create and fuel an increasingly voyeuristic general public remains an open question.