Latin America's HNWIs are the wealthiest on average, with numbers set to rise - Julius Baer Wealth research 13:59 GMT With $13.5 million per head compared to Europeans’ $3.3 million, Latin American high net worth individuals (HNWI) are on average far wealthier than those in other regions, according to Julius Baer’s inaugural ‘Industry Report Latin America’. It is predicted that Latin America’s prominence in this field will grow, too, with the number of ultra high net worth individuals (UHNWI) expected to increase by 42 percent until 2023.
Close Brothers identify South West's oldest family businesses 08:01 GMT 500 year old RJ Balson & Son has been named the oldest family firm in the South West in a new report launched by Close Brothers Asset Management (CBAM) and Family Business United. The ‘Oldest Family Businesses in the South West’ report has also identified the 31 oldest family businesses in the region, with a collective trading period of 6,143 years, or an average of 198 years each.
Swiss private banking sector to grow client assets and revenues by 2.8 percent per year, says new report 08:01 GMT The Swiss private banking sector is forecast to grow client assets under management by 2.8 percent a year to 2018, according to a report produced by the Swiss Bankers Association (SBA) and the Boston Consulting Group (BCG) called Actively Shaping Transition - Future Prospects For Banking in Switzerland. As a consequence total client assets under management will amount to CHF 3,540 billion with annual revenues projected to come in at around CHF 30.3 billion.
Are US inflation pressures building? 30/10/2014 There are good reasons to be concerned about deflation risks in the global economy. The Eurozone and Japan have significant output gaps (the gap between the potential growth rate of an economy and the actual growth rate) and chronically high unemployment rates, which are suppressing demand. Meanwhile, weak commodity prices, including both oil and food, and the strength of the US dollar (and sterling) are keeping price pressures low. These disinflationary forces are impacting real economic activity and reducing confidence. Inflation globally has remained absent throughout 2014, and that may well persist in the near term. However, looking at the US in isolation, in our view there is evidence of inflationary pressures emerging that suggest over the medium term that the direction of travel for US inflation is higher, not lower, from current levels.
Learning from the Challenger - approaches to critical thinking 29/10/2014 In January 1986, the Space Shuttle Challenger broke apart shortly after launch. Kevin Gardiner, Global Investment Strategist for Rothschild’s wealth management business, reflects on the investigation into this disaster, drawing out four applications to the financial markets and the way Rothschild invests.
Dividend strategies help benefit from Asia's growth, says CIO 28/10/2014 Emerging markets fall in and out of favour with investors on a cyclical basis throughout the year, but many experts believe that Asia in particular will sustain long-term growth. Robert Horrocks, chief investment officer of Matthews Asia and portfolio manager of the Asian Growth and Income and Asia Dividend strategies spoke to thewealthnet about his long-term outlook for the Asian region.
Fund distribution platforms trade body launches survey to award industry's best 28/10/2014 The Fund Platform Group (FPG), a Luxembourg-based association of fund distribution platforms that between them support EUR 1,500 billion in investor assets, has launched a survey of its members and their customers as part of its drive to extend the use of standards and encourage best practice in the industry.