(Yicai) July 16 — Several foreign-backed wealth management joint ventures in China, including BlackRock CCB Wealth Management and BNP Paribas ABC Wealth Management, have defied this year’s market downturn by sharply increasing their assets under management. BlackRock CCB Wealth, the joint venture between US asset manager BlackRock and an affiliate of China Construction Bank, recently
The market goes up. The market goes down. And with volatility, one thing many advisors see consistently is increased interest in fixed-income investments. Curiosity in fixed income was also sparked after interest rates started to move higher three years ago, said Erin Lyons, co-head of credit research firm CreditSights. After the 2008 financial crisis until about
New Delhi [India], March 27: The asset and wealth management world is evolving significantly, impelled by global economic dynamics, altering client expectations, and AI-driven technological advancements. For financial advisors, staying ahead of wealth management trends is pivotal for catering to client demands and experiencing long-term success. As a consultant to wealth managers, OAWA is critical
MUSCAT – The data released by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat) indicate that the total reserve assets of the Gulf Cooperation Council (GCC) countries amounted to US$804.1 billion by the end of the first half of 2024, with a growth rate of 7.5% compared to
In the realm of financial products, beneficiaries play a crucial role in ensuring that the assets and benefits accrued are transferred efficiently to intended recipients. Let’s discuss the significance of beneficiaries and explore the various options available, with a particular focus on bank products. The role of beneficiaries A beneficiary is an individual or entity
A recent Owner.One survey of 13,500 individuals with net worth ranging from $3 million to $99 million highlights that cand Ultra-High-Net-Worth individuals, especially their heirs, encounter difficulties with asset diversification and regulatory compliance. The survey reveals that 47% of family wealth consists of financial assets. Despite diverse asset types, a concerning trend in geographic diversification
Four months after the State Council, China’s cabinet, unveiled a nine-point document aimed at restoring investors’ confidence and attracting long-term funds, the market is back in a downward spiral after a relief rally. There are telltale signs of investors shunning stocks: turnover on the Shanghai and Shenzhen exchanges has plunged to a four-year low, the
In a precedential decision issued on August 13, 2024, the U.S. Court of Appeals for the Federal Circuit held that a first-filed, first-issued, later-expiring claim cannot be invalidated by a later-filed, later-issued, earlier-expiring reference claim having a common priority date.1 Obviousness-Type Double Patenting Obviousness-type double patenting (ODP) is a judicially created doctrine dating back to
The team of five financial advisors say their high-net-worth clients will benefit from Ameriprise’s innovative and fully integrated digital capabilities MINNEAPOLIS, August 13, 2024–(BUSINESS WIRE)–Q5 Wealth Management, a financial advisory team managing $1.5 billion in client assets in Beaumont and Houston, Texas, recently joined the independent channel of Ameriprise Financial, Inc. (NYSE: AMP) from UBS