01/10/2020

Chinese FOs gain traction

China’s rapid economic growth has led to the emergence of family offices in the country, but AUM is still lagging the rest of the world, according to a UBS WM report.

01/10/2020

Australian wealth manager identifies 67 rogue advisers

Despite earlier having referenced provisioning for a remediation bill in the order of A$223m, IOOF acknowledged that it had not actually commenced making remediation payments because it was still collecting and assessing the data.

01/06/2020

Wealth management service increasingly popular in S. Korea

The number of South Koreans with financial assets of over 1 billion won (US$854,000) rose 4.4 percent on-year to 323,000 in 2018, and they held 54 percent of their total assets in real estate and 40 percent in financial assets

01/06/2020

YBR exits wealth, sells for $2.5 million

YBR advisers who do transfer will continue to provide services to their existing clients under Interprac's AFSL and will retain their rights to income from their client books.