UBS roundtable: central banks and Brexits 12/06/2015 UBS's global chief investment officer, Mark Haefele, UHNW chief investment officer Simon Smiles, and the head of UBS' UK Investment Office, Bill O’Neill, all participated in a roundtable discussion that examined the economic, investment and market outlook. They discussed the trends they are watching out for as the market moves into the second half of the year.
A peek below the UK single family office iceberg's waterline 08/06/2015 It sometimes seems than an iceberg is the best analogue for the wealth management sector, and for its upper echelon, i.e. the part that deals with the very rich. Most of this sector is beyond the purview of the financial media, or even professionals that work within the sector.
How tough is it to get a job with a family office? 21/05/2015 Moving from a firm where there may be hundreds if not thousands of employees to a tight-knit family office can be a tough call, not least in adapting to the culture of a focused firm dealing with the myriad interests of a wealthy family.
A tale of two (or three) family/private investment offices 08/05/2015 The news on 6 May that London-based Troy Asset Management has secured the mandate to manage the Electric & General Investment Fund, a UK authorised open-ended investment company with around £100 million of assets would normally be considered as of very peripheral interest to thewealthnet. But both Troy and Electric & General Investment Fund provide insights about the development of family/private investment offices within the UK.
A peek into UBS' global family office 29/04/2015 UBS appears to have broken the mould in its newly published 2014 annual report and accounts by publishing details about its Swiss-based global family office, which focuses on the Swiss bank’s richest clients.
Competition, private/family offices and the upper echelon of the UK wealth management market 22/04/2015 “Most of us would have thought ten years ago that by now the private client world would be dominated by firms like ours, but it’s actually shrunk,” Guy Paterson, a partner at London-based Stanhope Capital told thewealthnet in an interview that coincided with the tenth anniversary of the partnership’s launch (see thewealthnet 20/04/2015) . “Four of our competitors have merged in the last year, which I think must be telling us something.”