BofA Merrill Lynch study indicates increased risk appetite and optimistic outlook for Japan 08:03 GMT
Global investors have a restored appetite for risk due to greater optimism over the outlook for profits and the economy, according to the Bank of America Merrill Lynch Fund Manager Survey for November 2014.
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.
Stocks make best investment for US millionaires, say advisers 06/11/2014
Stocks are the best investments for millionaires, according to almost one third (32 percent) of US financial advisors.
Swiss private banking sector to grow client assets and revenues by 2.8 percent per year, says new report 31/10/2014
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.
Close Brothers identify South West's oldest family businesses 31/10/2014
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.