China details wealth-management assets

Wealth-management assets in China’s banking sector jumped more than 23% in the first half of this year, but most of these are either invested in low-risk securities or cash


China Universal to close wealth management fund

The performance of the majority of short-term wealth management products have trailed the market because of low liquidity, as these closed-ended funds can only be subscribed to and redeemed on designated days.


Family office concept gains traction in India

As Mumbai-based Waterfield Advisors builds a multi-family office with the backing of tech tycoons the Patni brothers, others are said to be making similar moves in India.


Commbank to maintain Wealth Management strategy

There will be no significant change in strategy on the part of the Wealth Management division of the Commonwealth Bank in the wake of the controversy which has surrounded Commonwealth Financial Planning.


Magellan profits jump 71%

Magellan Financial Group has reported net profit after tax of $82.9 million for the full year to 30 June, an increase of 71% on last year.