Asia"s billionaires develop taste for boutique wealth managers

Wealth management was supposed to be a steady source of income, so this dropoff in revenues is a taste of reality. .....»»

Alessandro Bianchi / Reuters Most people whose personal wealth is more than $500 million are located in North America, Asia and Europe. Fewer than 15% of half-billionaires live in the Middle East, Australasia, Russia & CIS, Latin America, and Africa com.....»»

The performance of big wealth managers may take hit as a trade war between the United States and China hurts business in major growth market Asia, bankers said......»»

Shutterstock The total number of billionaires reached 2,158 last year, up 9% from 2016, according to a new report from UBS and PwC.  The growth was fastest in Asia, with China minting roughly one new billionaire every three days. Asian billiona.....»»

Out of 8,507 wealth managers across the nation, 55 wealth managers from the Birmingham metro made the rankings......»»

These Are Asia's Richest Billionaires As of the start of April, Mukesh Ambani (66) is the richest man in Asia, with a net worth of $116.1 billion, according to Forbes’ Real-Time Billionaires List, Ambani is th.....»»

Hiring among wealth managers for crypto talent is fierce as attention shifts towards digital currency. WASHINGTON - MARCH 26: Mark Bowen loosens .....»»

Hiring among wealth managers for crypto talent is fierce as attention shifts towards digital currency. WASHINGTON - MARCH 26: Mark Bowen loosens .....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

"We're going to come out of the pandemic another degree of more unequal," Chuck Collins, director of the Program on Inequality at IPS, said. Tesla C.....»»

UN Chief Wants To Slap Billionaires With Wealth Tax Over Pandemic Profits The Secretary-General of the United Nations, Antonio Guterres, has called on nations to institute a wealth tax on those who ha.....»»

The world's 2,365 billionaires saw a 54% in.....»»

The liquidations appear to have left Archegos, which managed an estimated $10 billion of personal wealth for Hwang and his family, under extreme pressure following heavy losses......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

The Biden administration has said a wealth tax would be difficult to implement, but progressives keep proposing it as inequality worsens. Sen. Elizabeth Warren has continually advocated for a wealth tax. Graeme Jennings-Pool.....»»

Asia Pacific Telecom (APT) has cooperated with Foxconn Global Network (FHnet) to develop smart robots that operate via a 5G privat.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

A loss of taste is a.....»»

Sen. Elizabeth Warren of Massachusetts said the stock market is not reflective of the real economy, and a wealth tax would combat wealth inequality. Sen. Warren questions the head of the Consumer Financial Protection Bureau in 2014. Chip S.....»»

The increase in wealth of the 10 richest billionaires could pay for everyone worldwide to get the COVID-19 vaccine, per an Oxfam report on inequality. In this June 6, 2019, file photo Amazon CEO Jeff Bezos speaks at the the Amazon re:.....»»