Archive for April, 2015

Deutsche to Shutter Five Target Date ETFs

April 30th, 2015 at 7:00am by ETF Trends

Deutsche Asset Wealth Management (Deutsche AWM), the exchange traded funds arm of German banking giant Deutsche Bank (NYSE: DB), plans to shutter its five target-date ETFs. Combined, the five target-date funds represent less than 1% of Deutsche AWM’s $16.7 billion in U.S. ETF assets.

The ETFs being close are as follows: The Deutsche X-trackers In-Target Date ETF (NYSEArca: TDX), Deutsche X-trackers 2010 Target Date ETF (NYSEArca: TDD), Deutsche X-trackers 2020 Target Date ETF (NYSEArca: TDH), Deutsche X-trackers 2030 Target Date ETF (NYSEArca: TDN) and the Deutsche X-trackers 2040 Target Date ETF (NYSEArca: TDV).

On May 15, the ETF’s will cease accepting creation orders. Redemption requests will be taken until May 18, the funds’ final day of trading, according to a statement from Deutsche AWM.

In 2014, approximately 80 ETFs closed while issuers brought nearly 205 new products to market. This year, nearly 30 U.S. ETFs have been closed.

On the back of currency hedged ETFs, such as the Deutsche X-trackers MSCI EAFE Hedged Equity ETF (NYSEArca: DBEF) and the Deutsche X-Trackers MSCI Europe Hedged Equity ETF (NYSEArca: DBEU), as well as the Deutsche X-trackers Harvest CSI 300 China A-Shares ETF (NYSEArca: ASHR), Deutsche AWM has become one of the fastest-growing ETF issuers in the U.S.

DBEF is the second-best asset-gathering ETF this year and now has $11.6 billion in assets under management after being home to $800 million in assets in October. [Big Growth for This Currency Hedged ETF]


ETF Trends editorial team contributed to this post.

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Thursday, April 30th, 2015 EN No Comments

Not everyone is a fan of Woodford Patient Capital

Not everyone is a fan of Woodford Patient Capital

There has been plenty of hype around star manager Neil Woodford’s new investment trust. 

This is reflected in the numbers. Woodford Patient Capital Trust (WPCT ) raised £800 million, making it the UK’s biggest trust launch, after Woodford Investment Management hiked the fundraising limit due to a surge in demand.   

Shares in the trust have edged to a healthy premium of around 5% thanks to this enthusiasm. But not everyone has rushed to buy the fund, which will invest in early stage, quoted and unquoted companies including biotechnology stocks.

Citywire columnist Mike Deverell, a partner at financial advisers Equlibrium Asset Management, said he was worried about the size of the trust given the sort of companies in which it will invest.

‘Long term it should do well, but I am wary about the fact that biotech has done really well and you have a lot of people investing in something they would not invest in normally. What that will mean is that investment trusts investing in this sector could be massively volatile,’ he said.

‘Also, £800 million worth of decent opportunities will be very hard to find. They are going to struggle to find enough good companies to invest in. On a positive note, he should be able to get good prices simply because of who he is. Companies know a Woodford investment will look good to other potential investors.’

One of the more vocal sceptics in the run-up to the trust’s launch was fund group Hawksmoor Investment Management, which branded the trust ‘the trendiest show in town’. 

Other opportunities

Managing director Philip Milton likened the hubbub surrounding the Patient Capital launch to the privatisation boom in 1994, which resulted in the £549 million launch of the Mercury European Privatisation trust and £481 million peer Kleinwort European Privatisation. Those had been the UK’s biggest trust launches until Woodford Patient Capital’s debut.

After struggling to deliver, the Kleinwort trust wound up just two years later, while the Mercury trust lasted only five years before changing its mandate, then winding up in 2004.

‘I have a lot of respect for Neil Woodford,’ said Milton. ‘As far as this trust is concerned, it is a salesperson’s dream. We will not be supporting this. We like trusts, but the primary reason is there remain plenty of other opportunities at significant discounts.’

Milton is also sceptical of the trust’s focus. ‘The Woodford trust does not have an especially clear mandate. Is it investing in biotech or big pharma? I am a bit fearful Joe Public will buy this and not understand it.’

Glen Avis, investment manager at Charles Stanley, has invested but is braced for possible short-term disappointment.

‘I look back at Anthony Bolton when he tried his hand with that China Special Situations trust,’ he said. ‘There was an awful lot of hype around that but it ended up falling flat on its face,’ he said.

‘I feel markets are a bit over-egged at the moment, so there is the potential for a pull back. And Woodford is going into an area he is perhaps not as experienced in, though he has delved into it before. If you have long-term aspirations and you invest in it you should probably do quite well.’


Thursday, April 30th, 2015 EN No Comments

Put Target-Date ETFs on the Chopping Block

About eight months ago, BlackRock, Inc. (NYSE:BLK) announced it would be shutting down its line of target-date exchange-traded funds.  Now, Deutsche Bank AG (USA)‘s (NYSE:DB) Asset Wealth Management has declared it is pulling the plug on the last lineup of target-date ETFs available to U.S. investors.

mutual funds picks etf funds 150x150 Put Target Date ETFs on the Chopping BlockI say — good riddance.  

These funds certainly have a well-intentioned approach of selecting a mix of stocks, bonds and cash that automatically adjust to a more conservative asset allocation as you approach retirement.  Younger investors are expected to select a more aggressive mix of stocks with a longer-time horizon.

Conversely, those nearing retirement may appreciate a higher allocation to cash and bonds to reduce volatility and enhance capital preservation.

These funds are still wildly popular options as open-ended mutual funds in 401(k) plans.  Mostly because they advertise that they are doing all the work for you so you don’t have to worry about the messy details of your investment mix.

These funds handle the security selection, asset allocation shifts, rebalancing and other considerations.  There is over $10 billion alone in the T. Rowe Price Retirement 2015 Fund (MUTF:TRRGX). You can’t argue with that level of commitment.

Nevertheless, it appears that ETF investors may be a more discerning group when it comes to controlling their asset-allocation decisions.  Putting your portfolio on autopilot just doesn’t fit the mold of a savvy ETF investor who wants to take a more hands-on approach to understanding what he owns and why he owns it.

My general consideration for this trend is that once you have broken out of the bounds of your 401(k), where there are restrictive investment options, you want to broaden your reach.  This may include lowering your fees, streamlining your portfolio, or selecting individual holdings with the ability to size your allocations in line with your goals or risk tolerance.  The ability to hone in on domestic versus foreign exposure or sectors of the bond market that meet your needs is critical to building a successful retirement strategy.

There is no “one size fits all” approach to saving and investing for retirement.  Just because you “should” be more aggressive or conservative at a certain stage of your life doesn’t mean that you have to be.

I know many millennials who are scared to death to invest in stocks and many retirees who fear bonds with a passion.  That doesn’t mean they are wrong or misinformed, it just means they are taking a different approach, and their outlook may change over time as well.

One of the greatest benefits of ETFs is flexibility.  In my opinion, this is why target-date funds failed in the ETF marketplace.  They were just too restrictive and boring for retail investors or advisors to adopt.

So, what are your options if you are looking for an alternative to target-date funds?

Blackrock has a group of four multi-asset funds that have shown themselves to be worthy competitors.  They essentially hone in on a mix of stocks and bonds based on a risk tolerance spectrum from conservative to aggressive.  The iShares SP Growth Allocation Fund (ETF) (NYSEARCA:AOR) is the most popular, with $486 million in total assets and charges an expense ratio of just 0.24%.  This ETF is designed with a 60% stocks and 40% bonds asset allocation that includes both domestic and foreign exposure.

Ultimately, it may be a better alternative to construct a balanced portfolio between five and 10 ETFs with properties that suit your experience and style.  This may include several different layers of domestic stocks, international exposure, fixed-income sectors and other facets of the global marketplace.

The key to a successful outcome will depend on your ability to diversify across a number of different asset classes to reduce volatility or enhance qualities (such as income) to meet your goals.

Looking for new growth ideas? Download our latest opportunistic growth special report here.

The post Good Riddance To Target Date ETFs appeared first on FMD Capital Management.

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Thursday, April 30th, 2015 EN No Comments

10th Annual Talentueuses Awards Ceremony of the Association of Québec …

The AQWF celebrates the talent of professional women in finance and plans initiatives
to provide for the next generation

MONTRÉAL, April 29, 2015 /CNW Telbec/ – The Association of Québec Women in Finance (AQWF) celebrated last night its 10th Annual Talentueuses Awards Ceremony. The event highlights the achievements of professional women who work in the finance sector. The evening was hosted by Marie-Lin Hamel of the National Bank of Canada, and winner of the 2011 “Relève” Award.  Her co-host was Jean-Philippe Décarie, business columnist at La Presse and former reporter for TVA and for 98.5fm.

Under the theme Les Talentueuses en Avant!, eight women were honoured for having overcome obstacles with intelligence, energy and professionalism, thereby making their mark in the finance sector. The AQWF also took the opportunity to highlight notable achievements in 2014 and unveil its initiatives for 2015. This year, for the first time, the focus will be on providing for the next generation of women in finance.

“We are proud to announce that we have not only achieved, but exceeded our 2014 objectives, said Dana Ades-Landy, Regional Vice-President, Québec and Eastern Ontario, Commercial Banking Scotia Bank and Chairman of the Board of the AQWF. I would also like to mention the success of our mentorship program, where the number of participants has almost doubled, going from 12 to 22 pairs. We are also excited to announce the participation of the AQWF in an initiative called Ensemble vers la parité, a group of associations who have come together to support the Comply or Explain initiative.”

Women and governance: “Comply or Explain”

Since October 2014, with the exception of British Columbia, Alberta and Prince-Edward-Island, the securities regulatory authorities of every Canadian province, as well as the Northwest Territories and Nunavut, have required, in compliance with the amendments made to Regulation 58-101 respecting disclosure of corporate governance practices, non-venture issuers to disclose information pertaining to the following in their management proxy circulars and annual information forms:

  • policies on female representation on the board of directors;
  • the consideration given to female representation by the board of directors or the candidate selection committee in its search for and selection of candidates for administrative positions;
  • the consideration given to female representation by the issuer in the appointment of upper management members;
  • objectives pertaining to female representation on the board of directors and upper management team;
  • the number of women on the board of directors and upper management team.

“In Québec, barely 20% of the members of boards of directors are women, and this has been achieved primarily due to fact that crown corporations are required to comply with an equal opportunity policy” said Ms. Ades-Landy. The objective of “Ensemble vers la parité” consists not only in raising awareness on this regulation among men and women in corporate leadership and the business community, but also to provide a “tool kit” to these companies, their boards and their HR and governance committees to support, promote and facilitate their efforts in promoting the targeted increased presence of women on boards of directors.”

The AQWF plans to continue to assess the progress of this situation over the course of the next 2 years. After such time, the Association will be prepared to draw conclusions depending on the progress achieved and elaborate on what they see as potential next steps.

In 2015, the AQWF will also focus on young women in high school, and in university. Via informational conferences, awareness days, corporate job shadowing opportunities and internships, the Association will offer young women students a serious look at the benefits that finance, as a field of study, can bring to their future. Several ideas are currently being discussed, such as creating a program that would draw on the expertise of various organizations, including “Women in Capital Markets” which has already launched a finance awareness program for women students at the high school and university levels.

Winners of the 10th edition of the Talentueuses Award Ceremony

“Inspiration Andrée Corriveau” Award (presented by the Board of the Directors of the AQWF)    
Monette Malewski
President, M Bacal Group

“Leadership” Award
Nathalie Pilon
President, Thomas Betts Canada, Thomas Betts Ltd.

“Grand Mentor” Award    
Daphné Guerci
Senior Manager, Data Management, Caisse de dépôt et placement du Québec

“Étoile Montante” Award
Katia Marquier
Director – Corporate Control and Budget, Gaz Métro Inc.

“Relève Desjardins” Award
Julie Cardinal and Lou Fang
HEC Montréal

“Relève RBC” Award
Myriame Landry
Université Laval

The Association of Québec Women in Finance would like to thank the following sponsors:

Senior Partners: Desjardins, RBC Royal Bank
President’s Circle: BMO Financial Group, National Bank of Canada, Scotia Bank, Caisse de dépôt et placement du Québec, Desjardins, RBC Royal Bank
Elite: Aon, PricewaterhouseCoopers, l’Ordre des CPA du Québec
Premium: Air Canada, André R. Dorais

The AQWF thanks its media partners
Les Affaires
La Presse, La Presse +
Massy Forget Langlois Public Relations
Premières en affaires

About the Association of Québec Women in Finance
Founded in May 2002, the Association of Québec Women in Finance is comprised of nearly 500 Québec women in finance. It organizes several networking, professional development and international business activities each year and provides its members with preferred access to a major worldwide network of women in finance, including women in the New York market.

Photos available upon request.


SOURCE Association des femmes en finance du Québec (AFFQ)

Image with caption: “From left to right: Dana Ades-Landy, Regional Vice-President, Québec and Eastern Ontario, Commercial Banking Scotia Bank and Chairman of the Board of the AQWF, Françoise Lyon, senior Vice-President, Pembroke Private Wealth Management Ltd., and Monette Malewski, President, M Bacal Group, winner of the “Inspiration – Andrée Corriveau” Award. (CNW Group/Association des femmes en finance du Québec (AFFQ))”. Image available at:

For further information: or to schedule an interview, please contact: Angélique Lecesve, Massy Forget Langlois Public Relations, Office: 514 842-2455, ext. 10, Mobile: 438 995-2111;


Wednesday, April 29th, 2015 EN No Comments

How serious is the UK’s twin deficit problem?

Another month, another negative note from Société Générale chief global strategist Albert Edwards.

This time the UK was the perma-bear’s target, as he compared the economy to a ‘ticking time bomb’ that is set to explode after the general election. The current coalition government will end five years in power with ‘grotesquely wide deficits still in place in both public sector finances and external imbalances’, was his stark warning.

Edwards points out that the UK’s ‘twin deficit’ – at over 10% of GDP – is far worse than other nations’ following the financial crisis. By comparison, Japan’s twin deficit stands at 8%, the US’s at 5% and the eurozone’s at close to zero.

‘The government has quietly abandoned all pretence at fiscal cuts, kicking the can into the next parliament,’ the strategist noted.

Edwards is particularly concerned about the current account deficit, which stood at 5.5% of GDP in 2014. This represented the largest annual deficit as a percentage of GDP at current market prices since annual records began in 1948.

So, should investors take heed of Edwards’ concerns? And if so, does it mean that whichever party or coalition takes over faces an impossible task when it comes to balancing the books?

The current account deficit is of particular concern for Bill O’Neill of UBS Wealth Management because of the potential impact on currency and domestic demand.

‘The key question that should be on the lips of investors is whether the UK is facing another balance of payments crisis,’ he said.

Historically, this has happened when the UK imports more goods than it exports and does not have the means to do so. Overseas investors can ultimately lose patience and withdraw funding, causing the currency to weaken significantly.

Nevertheless, he points out that the potential for a serious problem does not lie with the UK’s trade position at -2% of GDP, but rather the primary income account, which was running a £12.6 billion in deficit in 2014. This was down to a significantly lower net investment income component of the current account due to poor returns on fixed direct investment abroad.

Retaining foreign investor confidence

Although O’Neill believes stronger growth in foreign markets should improve this aspect in the future, he said: ‘While a full-blown crisis is unlikely, investors need to tread carefully. The UK depends on overseas investors to fund the current account deficit and this will continue until the economic cycle reverses.

‘Such investors should remain happy to continue funding the UK’s balance of payments, but if there are any shocks to the economy, this source of funding could evaporate.’

Richard Jeffrey, Cazenove’s chief investment officer, expects fears concerning the twin deficit problem will prove overdone. He highlights the frequent revisions that are made to current account numbers and suggests the deficit figure could be revised down in the future. He also anticipates a pick-up in investment income. Although the trade imbalance is an issue, he points out that sterling has so far lost value due to dollar strength rather than the deficit itself.

The budget deficit has not fallen as fast as many expected, partly because income growth has been low and so therefore, the tax take. But Jeffrey is encouraged by signs of wage growth. Over the next 12-18 months he expects to see revenue growth potentially exceeding expectations.

‘It might be that the budget deficit begins to improve more quickly than the government anticipated. At the moment things still look difficult. There is a fine line for whoever forms the next government,’ he said.

‘We have certainly got to be vigilant on expenditure and the key is to improve the efficiency of spending within government.’


Wednesday, April 29th, 2015 EN No Comments

Calamos Asset Management, Inc (NASDAQ:CLMS) Chairman – CEO – Global Co …

Calamos Asset Management Chairman CEO Global CoCIO John Calamos Paid for $1225 in Stock-Transactions

John Calamos Insider Buy Transaction

The Chairman – CEO – Global Co-CIO of Calamos Asset Management, Inc (NASDAQ:CLMS) 12.65 +0.33 2.68%, John Calamos has made a sudden trade in the firm that is worth $1,225 U.S. Dollars. According to the Security Exchange Commission legal form filed on April 28, 2015, John bought 100 shares calculated with average price per share of $12.3. He also bought 33,693 shares that are worth approx $420,368 USD in the last 30 days. John Calamos right now holds 3.77 million shares which are roughly 17.89% of the Illinois-based company’s total market cap.

Calamos Asset Management Inc Stock Rating, Sentiment and Fundamentals

Three analysts expect Calamos Asset Management Inc to have 24.80 forward PE, $0.51 earnings for every share and 10.00% eps growth.

* Read How Our Stock Ratings System Works

Calamos Asset Management Inc’s share price is still trending up from the last 175 days, during which it has soared 3.01%. We rate the stock a “Buy” both because of the confidence given by John Calamos’s stock acquisition and our equity trend following model.

Price Chart of Calamos Asset Management NASDAQ:CLMS Stock

Calamos Asset Management Chairman CEO Global CoCIO John Calamos Paid for $1225 in Stock-Stock-Price-Chart

Source: RightEdgeSystems, Yahoo Split Dividend Adjusted Data and OctaFinance Interpretations

Hedge Funds Ownership

According to SEC filings for Q4 2014, 119 investment managers have shares in Calamos Asset Management Inc. The tracked institutional players have historically had a high interest in Calamos Asset Management Inc’s stock, and that was also the case in Q4 2014. The institutional ownership was 72.16% of the stock’s outstanding shares. Its up 0.10% from Q3 2014. These institutional and hedge funds increased the total shares they own by 13,431 to 12.93 million this quarter. A total of 11 funds opened new positions in Calamos Asset Management Inc and 37 increased their holdings. There were 9 funds that closed their positions and 45 that reduced them.

HEDGE-FUNDS-LIST-DATABASE-FREE Ancora Advisors Llc had the greatest investment with ownership of 73,200 shares as of Q4 2014 for 0.12% of the fund’s portfolio. Cetera Advisor Networks Llc is another positive player owning 14,600 shares of the company or 0.01% of their stocks portfolio. Moreover Pinnacle Summer Investments Inc. have less than 0.01% of their stock portfolio invested in the company’s market cap for 6 shares. Northwestern Mutual Investment Services Llc revealed it had acquired a stake worth less than 0.01% of the fund’s stock portfolio in Calamos Asset Management Inc. Wcm Investment Management Ca is also very positive about the publicly listed company, possessing 759,787 shares or 0.29% of their stock portfolio.

Calamos Asset Management NASDAQ:CLMS Company Profile

Calamos Asset Management, Inc. is a holding company. The Company is the manager of Calamos Investments LLC, which owns and manages its operating companies. The Company primarily provides investment advisory services to individuals and institutional investors through of investment products that include open-end funds and closed-end funds (the Funds), separate accounts, offshore funds, exchange traded funds and partnerships, as well as provide portfolio design and oversight for separately managed accounts. The subsidiaries through which the Company provides these services include Calamos Financial Services LLC (CFS) is a broker-dealer; Calamos Advisors LLC (CAL); Calamos Wealth Management LLC, and Calamos Investments LLP are all investment advisors. Funds include its open-end and closed-end funds, which are commingled investment vehicles, as well as its offshore funds. Separate accounts are individual portfolios of securities and include institutional accounts and managed accounts.

Today its market cap is: $259.69 million and it has 21.08 million shares outstanding. Calamos Asset Management Inc has 363 employees. Today there are 63.25% shareholders and the institutional ownership stands at 63.25%. Calamos Asset Management Inc was incorporated in Delaware on 2004-07-23. The stock closed at $12.65 yesterday and it had average 2 days volume of 16557 shares. It is down from the 30 days average shares volume of 29982. Calamos Asset Management Inc has a 52w low of $11.17 and a 52 weeks high of $14.40. The current price is below the 200 days simple moving average. Calamos Asset Management Inc last issued its quarterly earnings report on 01/27/2015. The company reported 0.19 EPS for the quarter, above the consensus estimate of 0.14 by 0.05. The company had a revenue of 59.76 million for 12/31/2014 and 62.68 million for 9/30/2014. Therefore, the revenue was -2,919,000 down.

John Calamos is also Chief Executive Officer of Calamos Convertible Opportunities Income Fund, Calamos Convertible High Income Fund, Calamos Strategic Total Return Fund, Calamos Global Total Return Fund, President of Calamos Dynamic Convertible Income Fund.


* Total represents 3 – 089 – 263.7780 shares of Class A Common Stock and 681 – 598 Restricted Stock Units (which will be settled solely in shares of Class A Common Stock).


Wednesday, April 29th, 2015 EN No Comments

Gresham hopes to tap family office advice as it hires former Caz boss

Gresham House is looking to partner up with family offices and professional clients for co-investment opportunities into illiquid and differentiated strategies.

The company is aiming to address the increased demand from family offices as chief executive Tony Dalwood argues that family offices and institutions cannot alway find such co-investment opportunities.

It was announced last June that the 158-year old trust would be turned into an asset management business with SVG Investment Managers founders Tony Dalwood and Michael Phillips taking over management.

They will be joined by former colleague Graham Bird as head of strategic investments. Bird previously held the same position at SVG and was formerly a director at JP Morgan Cazenove.

He launched the SVG Strategic Public Equity products in his previous role and will work on developing it for Gresham House and launch a similar investment platform that will apply private equity techniques in the public market.

Dalwood said: ‘We have started the journey to evolve the company, both organically and through acquisitions, into a specialist asset manager. There is a clear market opportunity to develop specialist and illiquid asset management strategies to address demand for long-term and superior investment returns.

‘We are establishing the building blocks to develop a sustainable long term asset management business and to use the balance sheet with a merchant banking style approach, based on private equity disciplines, to determine capital allocation. We will target shareholder value growth through increasing assets under management and a focus on profitability.’

As part of the overhaul, the board of directors have resigned and a new investment committee including Rupert Robinson, former CEO and CIO of Schroder Private Bank was established. He is joined by Bruce Carnegie Brown, chair of Aon and, and Matthew Peacock, managing partner of Hanover Investors.

The previous management will stay on as consultants. The company is also looking to establish an advisory group made up of industrialists, investors and financiers.

The company’s results showed net assets of £10.6 million from new shareholders in December and the net asset value has decreased to 298.0p in 2014 from 378.5p in 2013.  

In December, it ceased being an authorised investment trust and was listed on the Alternative Investment Market of the London Stock Exchange. It’s trading losses have halved to £600,000 in 2014, from £1.5 million in 2013. It suffered a total loss of £4 million in the year ended 31 December 2014.

Currently the company has property and securities portfolios. As the transition continues, the firm plans to invest in specialist or illiquid assets and generate returns through capital growth. The investments will primarily look for assets with a minimum target rate of return of 15%, an illiquidity discount and cash generation.   

The majority of investments will be in small and medium sized companies and will not invest more than 35% of its gross assets. It will follow a private equity-style value philosophy.  

Gresham House currently has £28 million of net assets and are looking for acquisitions to develop into an asset manager.

The company is now waiting for authorisation from the Financial Conduct Authority for the establishment of Gresham House Asset Management limited.


Tuesday, April 28th, 2015 EN No Comments

France wealth book market forecast and analysis research report to 2014 …

France wealth book market forecast and analysis research report to 2014 published by leading research firm


WhaTech Channel: Consumer Market Research Reports

Published on Tuesday, 28 April 2015 20:25

Submitted by Sherry James WhaTech Premium +

News from:
Radiant Insights – Market Research

Read: 7 times

This report reviews the performance and asset allocations of HNWIs and Ultra HNWIs in France. It also includes an evaluation of the local wealth management market.

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This report is the result of WealthInsight’s extensive research covering the high net worth individual (HNWI) population and wealth management market in France.


Independent market sizing of France’s HNWIs across five wealth bands HNWI volume, wealth and allocation trends from 2009 to 2013 HNWI volume, wealth and allocation forecasts to 2018 HNWI and UHNWI asset allocations across 13 asset classes Geographical breakdown of all foreign assets Alternative breakdown of liquid vs investable assets Number of UHNWIs in major cities Number of wealth managers in each city.

You can get the complete reports on Wealth Book markets at:

City wise ratings of wealth management saturation and potential Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in France Size of the French wealth management industry Largest private banks by AuM Detailed wealth management and family office information Insights into the drivers of HNWI wealth

The WealthInsight Intelligence Center Database is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the database comprises dossiers on over 95,000 HNWIs from around the world.

The Intelligence Center also includes tracking of wealth and liquidity events as they happen and detailed profiles of major private banks, wealth managers and family offices in each market.

With the Database as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover.

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Report includes comprehensive forecasts to 2018.

Also provides detailed information on UHNWIs in each major city.

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Category: Market Research Reports


Tuesday, April 28th, 2015 EN No Comments

Life Insurance — The Often Missed Opportunity For Wealth Management …

For those accounting firms that embrace wealth management, the focus of their efforts, many times, is on asset management. There are a number of reasons for making investment advisory services central to their efforts including:

  • Consistent revenues: Investment management is a retainer business compensated by success. Over time, the accounting firm can accumulate substantial assets under management resulting in reliable and significant revenues.
  • The bull market: With the indices periodically reaching new heights, investing monies is appealing as the appreciation of client’s assets results in more revenues without the need to attract new clients.
  • Client insight: Many accountants know how a client is doing when it comes to investing. This provides them the possibility of capturing assets from underperforming financial advisors.

While there is no question that wealth management accounting practices can do very well delivering investment advisory services, it is not uncommon for these same practices to miss another – and sometimes greater – revenue source… life insurance. What is also very important to note is that by failing to address the life insurance needs of their clients, the accountants are actually doing them a disservice.

According to Joe Tarasco, CEO of Accountants Advisory Group, a consultancy specializing in maximizing the value of CPA firms, “Wealth management practices at accounting firms can best serve their clients by providing the range of services and products. Discretionary money management, retirement plans, and life insurance are the three core categories these practices should be concentrating on.”

Accounting firms often have a structural advantage over all types of competitors when it comes to providing life insurance. For example, in the case of successful business owners – the largest market for wealth management services – accountants are the professionals they most readily turn to for a range of advice. As with investment advisory services, accountants regularly have client insights to see where they can add value. Furthermore, the interrelationship between taxes, advanced planning, and life insurance favors accountants.

One of the bigger obstacles for accountants – especially those in smaller firms – is that the mechanics of providing life insurance can be complicated and outside their areas of expertise. This is especially the case with more complex scenarios. However, there are a number of different solutions to this conundrum including acquiring the expertise and housing in the accounting firm, and doing joint-business with a high-caliber life insurance producer.

The joint-business approach requires accountants to adroitly oversee and drive the process. “While we bring the ability to address any life insurance need, when cooperatively working on client situations with accountants, there is never any question of who’s in charge – they are,” explains Frank Seneco, President of the advanced planning boutique Seneco Associates, a go to life insurance resource for accountants and attorneys and author of Maximizing Personal Wealth: An Advanced Planning Primer for Successful Business Owners.

What is clear is that a solid number of accounting firms in the wealth management arena are missing out on better serving their clients as well as generating more revenues for their firm by not putting in the requisite resources and effort to provide high quality life insurance solutions.


Tuesday, April 28th, 2015 EN No Comments

Latest report on Mexico 2013 wealth book: trends in millionaire wealth

Latest report on Mexico 2013 wealth book: trends in millionaire wealth


WhaTech Channel: Consumer Market Research Reports

Published on Monday, 27 April 2015 20:11

Submitted by Sherry James WhaTech Premium +

News from:
Radiant Insights – Market Research

Read: 2 times

This report is the result of WealthInsight’s extensive research covering the high net worth individual (HNWI) population and wealth management market in Mexico The report focuses on HNWI performance between the end of 2007 (the peak before the global financial crisis) and the end of 2012. This enables us to determine how well the country’s HNWIs have performed through the crisis

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There are 145,000 HNWIs and 2,540 UHNWIs in Mexico in 2012. This report reviews the performance and asset allocations of HNWIs and Ultra HNWIs in Mexico and highlights top-performing cities.

It also includes an evaluation of the local wealth management industry.


Independent market sizing of Mexican HNWIs across five wealth bands HNWI volume, wealth and allocation trends from 2007 to 2012 HNWI volume, wealth and allocation forecasts to 2017 HNWI and UHNWI asset allocations across 13 asset classes Geographical breakdown of all foreign assets Alternative breakdown of liquid vs.

Full Report Now Available For Radiant Insights Customer @

Investable assets Number of UHNWIs in major cities Number of wealth managers in each city City wise ratings of wealth management saturation and potential Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in Mexico Size of the Mexican wealth management industry Largest domestic private banks by AuM Detailed wealth management and family office information Insights into the drivers of HNWI wealth

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Category: Market Research Reports


Monday, April 27th, 2015 EN No Comments