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Top 25 global wealth management firms – who wins

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LONDON – Assets Under Management (AUM) at the top 25 global wealth management operators grew 17.0% on average this year, finds Scorpio Partnership’s 2018 Global Private Banking Benchmark. This means the top 25 operators now collectively manage USD16.2 trillion. Just as a rising tide raises all boats, wealth managers were able to capitalize on favorable market conditions in 2017 as a core driver of growth. The FTSE All-World Index advanced nearly 22% during the year and global economic growth was estimated to have reached 3%, an uptick from 2.4% in 2016. However, there were also positive indicators that firms achieved greater success in drawing additional assets from new and existing clients in 2017. On average, the contribution of Net New …

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Financial crisis: Lessons learned by advisors

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This is a terrific lookback article written in 2013 that should really give us some food for pause – thought and rethinking of the way Financial Advisors do business ….. so given that we know that “this time it’s different” is never actually true – surely advisors should look at changing their business models before the next inevitable downturn or sell-off. “By 2020, non-fiduciary advisors — i.e., brokers — will be well on their way to complete extinction,” says Larry Miles, principal at AdvicePeriod in Los Angeles. “Consumers will have finally rejected advisors who are not legally obligated to do what is in their clients’ best interests.” …. mmmm … interesting Original article by Ilana Polyak, Special to CNBC.com – click here to …

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Four Things all Emerging Managers Should Consider Before Making that First Trade By Dennis Schall

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By Dennis Schall, CPA, Partner, Alternative Investments Group at Marcum LLP So the story goes: you have been working for a big Wall Street firm for years and you’re tired of making millions of dollars for other people and want to make it for yourself. Your co-worker sitting next to you feels the same. One night, over some cocktails at the local watering hole, the two of you decide“ Hey, enough is enough; let’s start our own hedge fund!” The next day you both quit your jobs and call your former college roommate who is now a real estate attorney and ask him to write your fund documents. He goes to the internet and downloads fund documents. You and your partner …

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Why Emerging Funds Struggle to Put on Weight by Meredith Jones

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Meredith Jones October 27, 2017 A veritable cornucopia of research points to the benefits of investing with funds a bit off the beaten path. But investors are like dieters — knowing what’s good for them doesn’t make them do the right thing. When I was 18 months old, my mom worried about my seemingly lagging childhood development when I had yet to utter a single word. It turns out I just needed the proper motivation: carbs. My infamous first words shortly thereafter were “May I have a cookie, please?” My diet was, is, and always has been terrible. From my early addiction to cookies, Lucky Charms, and tater tots to my adult fixation on steak-frites, wings, and brownies, my two …

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Hedge fund branding drives asset flows

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Since the market correction of 2008, a vast majority of hedge fund net asset flows have gone to a small minority of hedge funds with the strongest brands. A recent report from Hedge Fund Research shows that approximately 69 per cent of hedge fund assets are controlled by firms with over USD5 billion in assets under management and 91 per cent are controlled by firms with over USD1 billion in assets. This is a significant increase from the 2009 percentages of 61 per cent and 86 per cent respectively. Don Steinbrugge (pictured) of Agecroft Partners writes that each year many hedge fund investors are inundated with thousands of emails and phone calls from managers requesting a meeting. To filter through …