Asian wealth surges ahead while US cools - Capgemini report 23/06/2016 Wealth in Asia-Pacific grew ‘aggressively’, propelling it past North America to claim the top spot for both High Net Worth Individual (HNWI) wealth and population for the first time according to the Capgemini World Wealth Report 2016.
This year’s report also highlights how wealth management firms are “missing the mark when it comes to digital maturity”, and revealed that over half of firms’ net income could be at risk due to client attrition caused by lacking digital capabilities.
FCA establishes FAMR working group 22/06/2016 The Financial Conduct Authority has established a Financial Advice Working Group in response to recommendations outlined in the Financial Advice Market Review (FAMR) report published in March.
Law firm creates financial regulation consultancy 15/06/2016 Law firm Bates Wells Braithwaite has hired Gillian Roche-Saunders has a partner to lead its new financial regulation consultancy service, BWB Compliance. The new service is an expansion under the firm’s alternative business structure (ABS).