Zurch headquartered Falcon Private Bank has appointed Martin Keller as its new CEO effective today. Keller's appoitment is part of the bank's turnaround plan and comes ahead of the rebranding that the bank will launch in the fourth quarter of 2017. ...
Winston Churchill refused to listen to wealth advisors’ advice and often acted contrary to what they suggested, according to David Lough, a private banker of long standing who has recently published a book entitled No More Champagne: Churchill and His ...
Millenial millionaires aren't quite the "millionaire next door" of yore: they come with new attitudes and new futures to carve out.
"There are three principal ways to lose money: wine, women and engineers. While the first two are more pleasant, the third is by far the more certain", famously said baron Edmond James de Rothschild.
Wells Fargo's Investment Institute offers a glance on key themes in the Investment Industry for 2016.
What is the single most critical factor wealth managers must change about their service in the next 12 months? Improve operational effiency 30% Improve technological iterations (eg web, app, email, ...
The world’s best private banks, as determined by Global Finance, are finding ways to recast their businesses for the future.
With billionaire president-elect Donald Trump in the White House, we may be about to witness a revival of bling. Trump has promised to lower taxes on the wealthy, giving them more to spend on everything from Apples (iPad) to zircon ...
Paolo Sironi, thought leader for IBM in wealth management, talks about robot financial advisors and how they could make personal finance--from retirement planning to saving for college or a vacation--more engaging.
NEW YORK, October 21, 2016—Global Finance magazine has announced its second annual World's Best Private Banks Awards for 2017. A full report on the selections will appear in the December issue of Global Finance
With great wealth comes a burden of keeping it. Last year, the net worth of 1,400 billionaires worldwide that are being tracked in a study declined for the first time in a decade—to $5.1 trillion. And while 210 people rose ...
Private bankers looking to grow in Asia are investing heavily in innovation to stave off disruption, at the same time firms are also turning to technology to tackle more fundamental issues in the industry.
The wealthy in Asia are ramping up their exposure to infrastructure investments, in a move that illustrates how disappointing returns from traditional asset classes are pushing yield-desperate investors into some of the most illiquid strategies.
While Asia recently pulled ahead of the West as home to wealthy individuals, some private banks are pulling out, leaving the field to nimble local rivals and committed global Goliaths.
Facing reputational risk and poor prospects, private banking operations are bailing on Russia and encouraging its wealthy to park their assets offshore.
Picture investment recommendations tailored or customized to individual needs or personality traits, provided cheaply via a highly intuitive digital interface.
For the first time, Asia’s super-rich have surpassed their North American counterparts in both population and wealth. China and Japan, in particular, stood out as wealth powerhouses despite a volatile year for Asian equity markets. Asia Pacific’s 5.1 million high-net-worth ...
U.S Trust’s 2016 Wealth and Worth survey of high net worth Americans (those with $3 million or more in assets) revealed a decidedly traditional bent among the country’s wealthiest individuals.
The so-called Panama Papers, more than 11 million leaked documents from a Panamanian law firm, are shining a spotlight on the scope and financial impact of the offshoring financial industry and global efforts to move assets to tax havens or less-regulated jurisdictions.
BNY Mellon Wealth Management, based in New York, oversees more than $191 billion in client assets and chief investment officer Leo Grohowski discusses the best options for managing market volatility.