Wealth Management
China’s banks seek Hong Kong wealth management operations
Mid-tier Chinese banks plan to expand wealth management activities in Hong Kong to serve mainland high net worth individuals (HNWIs), industry players said.
Australia’s JBWere cuts adviser commissions
Australian financial advisers JBWere, a unit of National Australia Bank (NAB), plans to revamp its remuneration structure and cut adviser commission rates in line with changes in the domestic and global regulatory environment.
Alexander Beard partners with French wealth management firm
KMH Gestion Privée and UK-headquartered international financial services company Alexander Beard Group have set up a joint venture to assist companies looking to set up shop in France and provide French and UK nationals with wealth management and pension transfers services.
Best Practice | 16 Jun 16
Enhance Group launches investment advice service in London
Jersey-based private wealth services firm Enhance Group has launched a new investment consultancy business, located in London, which will provide institutional-style investment advice to high net worth individuals and families.
HK rules seen as bottleneck to rise of robo-advisers
Hong Kong regulations require human involvement rather than an automated process in order to provide wealth management services, said iFast Financial (HK) chief operating officer Kelvin Yip.