Global investment banking leader Goldman Sachs Group Inc. names two co-heads for global private wealth management, to intensify revenue streams. John Mallory and Meena Flynn were put in the spotlight, leading the bank’s initiative to diversify its profits beyond existing...
Over 31,000 people have just joined the ranks of the world’s ultra-wealthy last year following the increase in property prices and rising global stock markets, a report titled The Wealth Report 2020 reveals. According to the article, compiled by property...
For Melinda Gates, capitalism still trumps socialism despite the former's flaws. In an interview with CNBC, the wife of Microsoft founder Bill Gates and co-chair of Bill and Melinda Gates Foundation said she would rather live in a capitalistic society...
Tilney and Smith & Williamson, two of Britain’s biggest private wealth managers, are currently in talks over a potential merger that could lead to an approximately £45bn in assets under management. According to a report from Financial Times, the two...
A Shenzhen-based smartphone maker Transsion sold $80 million worth of shares in the stock market, raising its valuation to nearly $4 billion. The company has been dominating the African market, offering a rush among investors. Only one in 20 online...
China-based TikTok parent company ByteDance is set to move back into the Hong Kong market as its trademark registration documents show that the firm is gearing up to enter the online stock brokerage and wealth management market, reports Reuters. The...
In a survey conducted by wealth management group Netwealth, it is found out that 31% of the 4,000 participants don’t want to share wealth and assets with their partners. Younger women ages 16 to 34 years old said that they...
Captrust Financial Advisors pushes for an expansion of wealth management portfolio with the acquisition of Boston Advisors’ wealth firm. The Private Advisory Group was sold to Captrust, which is worth $1.5 billion of wealth management client assets. The acquisition also...
Bloomberg reveals that Norway’s $1 trillion wealth fund has significantly made a jump with an increase amounting to $84 billion, just within the first quarter of 2019. This amounts to $16,000 per citizen. This significant growth comes after the...
A study by the Union Bank of Switzerland (UBS) and PricewaterhouseCoopers (PwC) revealed that the total wealth owned by the world’s billionaires has spiked from $8 trillion in April to $10.2 trillion in July, reported CNBC. According to the study,...

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