Latest Business Intelligence
SEI Wins Major Contract With Japanese Financial Services Group
May 25, 2012
SEI, the US-headquartered investment and consultancy firm, has been chosen by Japan’s ORIX Investment Corporation to provide a back- and middle-office outsourcing package for the firm’s hedge-fund business. Under the agreement, SEI will provide OIC with services including fund accounting and administration, trade processing and administration, investment accounting, investor reporting, risk and attribution, and collateral-management.
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Sumitomo Mitsui Trust Bank Signs Tech Provider
May 25, 2012
Sumitomo Mitsui Trust Bank has signed up Equilend, a New York-based provider of global securities finance trading and post trade services. The firm offers automated trading tools which enable clients to scale their businesses on a global basis in all securities finance markets.
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Sterling Capital Opts For Adhesion Wealth Platform
May 23, 2012
Sterling Capital Management, an independent subsidiary of BB&T Corporation, has selected Adhesion Wealth Advisor Solutions' platform to implement its investment solutions. Sterling services available via Adhesion’s platform include: portfolios for institutional and private wealth management clients; multi-manager investment programs for BB&T’s retail client base, and asset allocation and manager selection services for independent advisors, according to a statement from the firm.
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UBS Poised To Merge Wealth Management, Investment Banking Back-Offices
May 23, 2012
UBS, Switzerland’s biggest bank, intends to combine the back offices of its wealth management and investment banking divisions on 1 July, according to Handelszeitung, quoting an internal memo to staff and a spokesperson for the bank. Ulrich Hoffmann, currently head of operations in the wealth management unit, will lead the combined department, which will have 7,000 workers, the publication said.
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Cambridge University Aims To Play In UK Recovery With New Fund
May 21, 2012
Cambridge University has joined forces with Parkwalk Advisors, the London-based investment firm, for the launch of a new fund enabling private individuals to invest in business start-ups. Major universities are big players in the fund management industry, with the Harvard Management Company running the institution’s $32 billion endowment fund.
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Latest Insight Features
Interview: Smartleaf Sets Out To Measure Effects Of Workflow Processes
May 1, 2012
Smartleaf, a provider of overlay portfolio management technology, is turning its attention to documenting the effect of different workflow processes on factors such as tax management and the dispersion of returns amongst client portfolios, the firm’s president, Jerry Michael, tells Family Wealth Report. “Early adopters of UMA and overlay were often motivated by a desire to become ‘open architecture’.
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Silicon Valley Takes On The Wealth Industry - Part Two
April 12, 2012
The second part of this series about new wealth management businesses aiming to create a “high-touch” service for the mass affluent discusses new ways of communicating with clients, and the potential this has on the value chain. The first part can be viewed here.
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Silicon Valley Takes On The Wealth Industry - Part One
April 11, 2012
In this two-part series about new wealth management businesses aiming to create a “high-touch” service for the mass affluent, the effects on the ultra high net worth wealth management industry are considered of the launch-to-market of these largely tech-based offerings. The second part of this feature will be published tomorrow.
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Interview: Getting To Know Clients - The Business Of BITA Risk
March 13, 2012
It is frequently stated that wealth managers need to get the best possible measure of their clients’ appetite for risk, both to deliver the right products, manage expectations and also stay on the right side of “know your customer” rules and tests of product suitability. This publication recently interviewed Daryl Roxburgh, global head of the firm, BITA Risk.
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Guest Article: How To Handle Client Needs As Their Wealth Changes
February 23, 2012
Here is a guest article by Peter McKenna, market development director for the investment management solutions division of DST Global Solutions. Movement along the wealth continuum, the range where an investor’s wealth rises and falls, has intensified in recent times and brings with it a raft of challenges for wealth managers.
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