Harvard is top business school for billionaire alumni 18/11/2014 Harvard University’s business school has the highest number of billionaire alumni, a new report by Wealth-X has found. With 64 billionaire graduates, the University’s MBA program has produced nearly three times that of Stanford University, its closest competitor, which emerged in second place with 23.
Wealth managers increase investments at asset management boutiques - survey 17/11/2014 Boutique investing is becoming increasingly appealing according to a recent survey which found that just under half (41 percent) of wealth managers and multi-managers expect to increase their asset allocation to boutiques over the next 12 to 18 months. In comparison, only 23 percent expect to increase the percentage of their assets in passive funds.
Percentage of UK shares in ‘optimal' asset allocation continues to decline 14/11/2014 Following six months of research, Independence Wealth Management (IWM), a UK asset management company, has said that over the last decade (2004-2014) even a 25 percent allocation to UK shares has resulted in a performance which was lower than it could have been for the risk accepted.
Japan to exit deflationary past says Julius Baer Wealth Report 14/11/2014 Japan’s potential is “understated” and the country is now at a “pivotal juncture’”where both domestic and external influences have primed the economy for an exit from its deflationary past, which will have “profound implications for wealth creation going into the medium and longer term not only in Japan, but also the entire region”, according to Thomas R. Meier, its Asia Pacific region head, following the launch of its inaugural Wealth Report: Japan.
Growth of US banks' wealth-management arms considered positive by Fitch Ratings 13/11/2014 US banks that are developing their wealth-management capabilities in order to diversify earnings and increase revenues have been generally successful, according to global researcher Fitch Ratings. However, it warns that profitability may be marginalised as competition for advisors and wealthier clients in this area continues to heat up.
IFAs increasingly expect a move to restricted status, says survey 10/11/2014 Two in five independent financial advisors (42 percent) believe their business will become restricted in the next five years while one in five (18.9 percent) see it happening within the next 12 months, a research study by Harrison Spence has found.