Wealth Management
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Morgan Stanley generated $74bn in Q2 wealth management assets, driven by SpaceX and other IPO underwriting
Morgan Stanley generated $74 billion in second-quarter wealth management assets. This significant haul was primarily driven by the bank's underwriting activities for initial public offerings (IPOs), i
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Wealth Management Clients Increasingly Use AI Chatbots for Financial Advice, Challenging Traditional Advisors
Wealth management clients, including high-net-worth individuals, are increasingly turning to AI chatbots like Claude and ChatGPT for portfolio recommendations and tax advice, according to industry lea
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OKX to list GRVT/USDT for spot trading
OKX announced it will list GRVT/USDT for spot trading. Deposits for GRVT will open at 03:00 UTC on July 30, 2026, with spot trading commencing at 13:00 UTC on the same day. Grvt is described as a self
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HSBC to Establish Global AI Excellence Centre in Singapore
HSBC announced it will open a global AI excellence centre in Singapore in the second half of 2026. The centre will focus on enhancing customer wealth journeys, treasury activities, and digital payment
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Fidelity Expands Its Institutional-Grade SMA Product Line, Adding 8 New Custom and Model Strategy Services for Wealth Management Firms
Svmuu News: Asset management firm Fidelity Investments announced the expansion of its Separately Managed Account (SMA) product line, adding six customized strategies and two model strategies for Regis
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Musk's Wealth Management Faces a "Trillion-Dollar" Challenge: A 1% Mismatch Could Result in a $10 Billion Loss
Svmuu News: SpaceX began trading last Friday with an opening price of $150 per share. The stock rose as high as $171 during the session, propelling Elon Musk to become the world’s first “trillionaire”
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Thailand's Kasikornbank taps AI to expand wealth management customer base
Thailand's second-largest bank, Kasikornbank, is leveraging artificial intelligence to expand its wealth management customer base. CEO Kattiya Indaravijaya stated that technology can help analyze cust
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UBS's third-quarter pre-tax profit rose 27% year-on-year to $3.59 billion, with net profit at $2.7 billion, largely meeting market expectations. The Swiss banking and asset management giant saw strong net inflows in its global wealth management business.
UBS's third-quarter pre-tax profit rose 27% year-on-year to $3.59 billion, with net profit at $2.7 billion, largely meeting market expectations. The Swiss banking and asset management giant saw strong
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Standard Chartered's Q3 net profit rose 46% to $1.5 billion, beating forecasts, driven by strong growth in cross-border trade loans and wealth management.
Standard Chartered's Q3 net profit rose 46% to $1.5 billion, beating forecasts, driven by strong growth in cross-border trade loans and wealth management.
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in collaboration with Charles Schwab, has released the "2026 China Affluent Investor Wealth Health Index."
The Shanghai Advanced Institute of Finance (SAIF) at Shanghai Jiao Tong University, in collaboration with Charles Schwab, has released the "2026 China Affluent Investor Wealth Health Index." This inde
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The two parties will jointly develop services covering dining, art, culture, and wellness
Hana Bank announced Monday it has signed a memorandum of understanding (MOU) with Banyan Tree Club & Spa Seoul to expand its wealth management services beyond finance, targeting ultra-high-net-worth (
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These families are looking to allocate assets to the U.S. market after years of strong market gains
Goldman Sachs is accelerating its hiring of wealth management advisors in Asia to meet the growing and diversified needs of affluent families in the region. These families are looking to allocate asse
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HSBC to Open New Wealth Management Center in Abu Dhabi in December, Says Middle East Conflict Has Not Affected Business Demand
HSBC will open a new wealth management center in Abu Dhabi in December, stating that the Middle East conflict has not affected business demand. Mohamed Al Marzooqi, CEO of HSBC UAE, said this is HSBC'
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Bloomberg Markets: HSBC, Standard Chartered Expected to Be Supported by High Interest Rates and Asia Wealth Management Fees, But Tightening China Capital Flow Rules and Cost Pressures May Impact Outlook
Bloomberg Markets: HSBC, Standard Chartered Expected to Be Supported by High Interest Rates and Asia Wealth Management Fees, But Tightening China Capital Flow Rules and Cost Pressures May Impact Outlo
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Wealthy Chinese are moving offshore funds to U.S. banks in response to Beijing's tightening scrutiny on overseas wealth for tax purposes.
Wealthy Chinese clients are increasingly seeking to open bank accounts in the United States, according to private bankers and lawyers. This surge in demand follows the Chinese government's retroactive
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UBS Acquires 4.8% Stake in Leading India Wealth Manager 360 One
UBS Group AG has acquired a 4.8% equity stake in 360 One WAM Ltd. by converting warrants, more than a year after the Swiss bank sold its wealth business to the Indian money manager.
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Fund managers are hosting "music festival"-style events aimed at attracting wealth advisors to channel family wealth into private credit markets.
Fund managers are hosting "music festival"-style events aimed at attracting wealth advisors to channel family wealth into private credit markets.
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Centerbridge Partners and Mubadala are in talks to acquire Canaccord Genuity Group's UK wealth management business.
Centerbridge Partners and Mubadala are in talks to acquire Canaccord Genuity Group's UK wealth management business.
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Chinese tax authorities have issued a final notice, requiring wealthy citizens to declare offshore trust income before the October 22 grace period.
Chinese tax authorities have issued a final notice, requiring wealthy citizens to declare offshore trust income before the October 22 grace period.
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Foreign banks such as Deutsche Bank, HSBC, and Standard Chartered are reducing their branch networks in China due to low returns, shifting their focus to wealth management and digitalization.
Foreign banks such as Deutsche Bank, HSBC, and Standard Chartered are reducing their branch networks in China due to low returns, shifting their focus to wealth management and digitalization.
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Jarvis Investment Management Limited enters special administration on October 14, 2026
The company, which is FCA authorised and regulated to provide wealth management services, had previously agreed to a voluntary requirement with the FCA on September 16, 2022, restricting its activitie
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Former HSBC Executive Launches AI Wealth Management Platform a2b2.ai
A former HSBC executive has launched an AI-powered wealth management startup called Equora, whose platform a2b2.ai aims to help "mass affluent" investors actively manage portfolios, monitor risks, and
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Chinese brokerages are actively transforming their wealth management businesses, emulating China Merchants Bank's shift towards a "customer-centric" approach.
China's brokerage wealth management sector is undergoing active transformation, broadly emulating China Merchants Bank's shift from a traditional "product selling" model to a "customer-centric" buyer-
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U.S. Treasury Rules Now Allow Wealthy-Controlled Charities to Place Individual Stocks into Children's Accounts, Tying Kids' Wealth to Specific Companies
U.S. Treasury Rules Now Allow Wealthy-Controlled Charities to Place Individual Stocks into Children's Accounts, Tying Kids' Wealth to Specific Companies
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MAS Chairman Gan Kim Yong: Multiple measures to be introduced to promote the wealth management industry, including tax exemptions and talent acquisition.
Singapore's Deputy Prime Minister and Chairman of the Monetary Authority of Singapore (MAS), Gan Kim Yong, announced at the Wealth Management Institute's Global-Asia Family Office Summit that Singapor
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Hong Kong wealth management assets grew 24% last year, but AI adoption limited headcount growth to 2%, Capco reports
Consulting firm Capco reported that private wealth assets in Hong Kong rose 24% last year, while employment in the industry only increased by 2% due to the adoption of technology, including AI, to enh
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Bank SMBC Indonesia to leverage digital bank Jenius for wealth management growth
The subsidiary of Japan's Sumitomo Mitsui Financial Group (SMFG) plans to expand its wealth management business, an increasingly important part of its growth strategy in Southeast Asia's largest econo
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Hong Kong is strengthening its position as Asia’s hub for family wealth transition and cross-border capital allocation, financial regulators and industrial executives said on Monday.
Hong Kong is strengthening its position as Asia’s hub for family wealth transition and cross-border capital allocation, financial regulators and industrial executives said on Monday.
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HSBC Private Bank launches Access platform in Singapore, offering institutional-style investments to UHNW clients
The platform, already available in Hong Kong, provides qualifying ultra-high net worth individuals and family offices with opportunities in high-growth innovation businesses, including venture capital
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What is AKTIO Coin? An Analysis of the Akt.io Platform Token and Its Market Status
AKTIO coin is a cryptocurrency issued by the Akt.io platform, aiming to integrate digital payments and wealth management through an all-in-one application, offering investment, payment, and yield functions. The project had planned to transform traditional finance with services like the AI-driven WealthBot and Euro Vault. However, as of August 29, 2026, the AKTIO token exhibits extremely low market liquidity, with abnormal 24-hour trading volume and circulating supply data, indicating nearly stagnant trading activity. Investors should be wary of related risks.
Wealth Management
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