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Wealth Management
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Schroders' wealth unit head stated they are considering acquisitions to support their transformational growth strategy.
Schroders' wealth management arm is considering acquisitions to support its "transformational growth strategy," according to its head, Oliver Gregson, in his first interview. This move aims to shift t
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Wrise Prestige to open AI lab in Guangzhou next month, investing HK$30 million in AI development
Wealth management provider Wrise Prestige, headquartered in Singapore, is accelerating its expansion into mainland China. The firm plans to open an AI laboratory in Guangzhou next month to house its t
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Binance launches ETF wealth management services, offering users one-stop traditional financial asset allocation.
Binance launches ETF wealth management services, offering users one-stop traditional financial asset allocation.
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Beijing's new offshore trust tax rules, effective July 24, imposing a 20% tax on realized gains, are now impacting wealthy Chinese in NYC as enforcement deadline nears
Beijing's new offshore trust tax rules, effective July 24, imposing a 20% tax on realized gains, are now impacting wealthy Chinese in NYC as enforcement deadline nears. The rules apply to mainland tax
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Goldman Sachs, Bank of America, and other Wall Street banks are vying for the wealth management business of AI company Anthropic's employees, as its IPO is expected to exceed $86.2 billion, potentially generating hundreds of millions in employee wealth.
Goldman Sachs, Bank of America, and other Wall Street banks are vying for the wealth management business of AI company Anthropic's employees, as its IPO is expected to exceed $86.2 billion, potentiall
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Bitcoin Suisse plans to shift up to half of its Swiss back-office jobs abroad to lower-cost international hubs, citing global expansion
The Swiss crypto financial services firm intends to move these functions as it expands its global wealth and asset management business, according to Finews.
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Hong Kong banks expect mainland Chinese investors to drive wealth management boom, with AUM share projected to reach 68% from 59% within five years
Hong Kong banks expect mainland Chinese investors to drive wealth management boom, with AUM share projected to reach 68% from 59% within five years
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Hang Seng Bank Launches Five Wealth Management Strategies to Address Changes in Hong Kong's Wealth Landscape
Hang Seng Bank has launched five wealth management strategies aimed at addressing changes in Hong Kong's wealth landscape, shifting from single-product investments to integrated planning. These strate
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Rogo, a Wall Street-favored AI startup, secures approximately $30 million in strategic investment to deploy AI agents in wealth management.
Rogo Technologies has secured a new strategic investment round of approximately $30 million. The company, whose AI agents are currently utilized by major investment banks such as JPMorgan Chase and Ba
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UBS to cease fund sales on China wealth platform by end of September amid stiff competition
UBS Fund Distribution (Shenzhen), known as UBSFS, will cease its fund sales business, including fund subscription and fund switching, by the end of September. The Swiss bank stated it remains committe
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St. James's Place Appoints Justin Onuekwusi as Chief Executive Officer of Investment Business
St. James's Place, the UK wealth management firm, has officially appointed Justin Onuekwusi as Chief Executive Officer, Investments, a role he had been filling on an interim basis since January. Onuek
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Hong Kong University launches wealth management academy to boost city’s role as hub for 'new money'
Hong Kong’s first university-led Wealth Management Academy, established by The University of Hong Kong Business School, was launched on Tuesday. It aims to bring together policymakers, financial insti
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MAS: Major Banks Have Not Observed Significant Impact of China's Offshore Trust Tax on Singapore's Wealth Management Industry
The Monetary Authority of Singapore (MAS), in response to a parliamentary query, stated that major banks have not observed a significant impact from China's offshore trust tax rules on Singapore's wea
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Standard Chartered Plans to "Double Down" on Greater China Wealth Opportunities, Despite Beijing's Enhanced Tax Enforcement on Cross-Border Investments
Judy Hsu Chung-wei, Standard Chartered's CEO of Wealth and Retail Banking, said last week that the bank plans to increase investment and hiring in wealth centers in Hong Kong, mainland China, and Taiw
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JPMorgan Chase executive Kwang Kam-shing states Hong Kong's long-term wealth hub status is safe from mainland investment curbs
Kwang Kam-shing, Hong Kong CEO and chairwoman of North Asia at JPMorgan Chase, believes that while Beijing's recent curbs on cross-border investment and a tax shift targeting overseas insurance gains
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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.
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Vanguard acquires wealth management platform Altruist for roughly $4 billion
The world's second-biggest investment firm is making a bigger push into financial advice by acquiring Altruist, a fintech platform founded in 2018. Altruist provides custodial and administrative servi
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Constellation Wealth Capital (CWC) Acquires Minority Stake in Confluence Financial Partners, a Wealth Manager Overseeing $7.6 Billion AUM
The alternative asset management firm CWC has agreed to take a minority holding in Confluence Financial Partners, an independent wealth management business. Confluence oversees approximately $7.6 bill
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Hang Seng Bank opens its second wealth management centre in Hong Kong, doubling down on its network of wealth centres to cater to high-net-worth clients, despite Beijing tightening scrutiny on cross-border investments by mainland investors.
Hang Seng Bank opens its second wealth management centre in Hong Kong, doubling down on its network of wealth centres to cater to high-net-worth clients, despite Beijing tightening scrutiny on cross-b
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Kestra Financial Hires Former BlackRock Executive Kelly Apple as Head of Wealth Management
Kestra Financial, an Austin, Texas-based broker/dealer and registered investment advisor, has appointed Kelly Apple to lead its investment, planning, and advisory operations. Apple joins Kestra from B
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Goldman Sachs remains upbeat on offshore wealth management despite China's tighter scrutiny, forecasts Standard Chartered wealth fee income to grow 30% by 2026
Goldman Sachs remains upbeat on offshore wealth management despite China's tighter scrutiny, forecasts Standard Chartered wealth fee income to grow 30% by 2026. The Wall Street investment bank also pr
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Pimco’s Stracke Says Wealth Managers Are Shying Away From Private Credit
Pimco's Stracke says wealth managers are shying away from private credit and stepping up their search for alternatives, as wealth managers continue to be affected by several major direct lending funds
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Wealth management firms cut fees to woo rich AI company employees
Wealth management firms are lowering service fees to attract employees at tech companies like Anthropic and OpenAI who are rich in equity. This move reflects the rise of these employees, who are shift
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Caleb & Brown expands to UK, focusing on high-net-worth clients to tap into crypto demand
Caleb & Brown expands to UK, focusing on high-net-worth clients to tap into crypto demand
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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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What is FLOW? An Analysis of the Flow Blockchain Ecosystem and Its Current Status
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Google and Microsoft's Q3 capital expenditure falls short of estimates, raising concerns about AI build-out costs and delays
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LS Cable subsidiary Gaon Cable secures W120b ($90m) US AI data center cable deal
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Event prediction platform Kalshi completes $1 billion funding round, reaching a valuation of $40 billion, with non-sports revenue run rate exceeding $1 billion.
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Iranian President Pezeshkian stated that Iran is ready to expand cooperation with Turkey to serve common interests and enhance regional security.
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New ECB staff estimates show bond yield rise cutting 2027-28 growth by a cumulative 100 BPS and inflation by 90 BPS vs Sept baseline.
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Report: Hedge Funds Exit Bitcoin ETF Arbitrage Trades, Sovereign Wealth Funds and Retail Investors Step In
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Unlimit founder backs Phase blockchain with $45M as mainnet launches
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Global Business Forum Urges Business Leaders to Embrace AI and Rethink Strategies
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onXRP Team to Launch New Trading Method on XRP Ledger Next Week
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