wealth management
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CNBC Unveils 2026 Financial Advisor 100 Ranking as Industry Manages $329 Billion
CNBC released its 2026 Financial Advisor 100 ranking, highlighting top-performing firms managing $329.7 billion amidst shifting economic conditions.
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DBS Trades Near Record Peak on Wealth Fee Surge
DBS shares trade near a 52-week high at USD 77.98 on the Singapore Exchange, driven by record profits and surging wealth management fees.
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Federated Hermes Acquires ESR Stake in Penny Blue’s European Real Estate Debt Fund
Federated Hermes has acquired ESR’s stake in Penny Blue Capital’s European real estate debt fund as the firm returns to management ownership.
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Morgan Stanley Reports Strong Q2 2026 Earnings Driven by IPO Pipeline
Morgan Stanley reported $21.3 billion in Q2 revenue, up 27%, as the firm leverages its pipeline of top unicorns to expand its wealth management business.
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ANZ Bank Pivots to Wealth Management as Leadership Transition Looms
ANZ Group Holdings is shifting focus toward wealth management and insurance to diversify revenue, even as it manages a major leadership transition in its New Zealand division.
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OCBC Launches Local Physical Gold Trading to Meet Growing Wealth Demand
Starting June 10, 2026, OCBC will offer institutional and high-net-worth clients direct access to Singapore-based physical gold trading and custody, shifting operations away from US-based entities.
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OCBC raises war buffers despite record wealth income in Q1
Singapore’s OCBC reported a 5 percent rise in Q1 profit, driven by record wealth management fees, while setting aside S$191 million in allowances due to Middle East tensions.
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New Tax Realities: From Superannuation to Millionaire Levies
As Australia passes Division 296 superannuation reforms and Washington introduces a new millionaire’s tax, high-net-worth individuals and professional organizations are recalibrating their financial strategies.
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AMP Shares Plunge Despite Robust 2025 Financial Performance
AMP Limited’s stock fell by nearly 30% on February 12, 2026, immediately following the announcement of a 21% increase in underlying net profit for the second half of 2025, sparking investor concerns over future growth.
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Ameriprise Makes Strategic Hire, Adds $140 Million in Assets
The competitive landscape of financial advisory services is constantly evolving, driven by technological advancements, shifting demographics, and changing client expectations. In this dynamic environment, strategic talent acquisition has become a key differentiator. Ameriprise Financial’s recent recruitment of seasoned advisor Ben…