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The article discusses the growing importance of wealth management as a lucrative and attractive business within the financial industry. The rise of technology and artificial intelligence (AI) is also reshaping the industry, with larger firms having an advantage in implementing AI tools. Major players like Morgan Stanley & Co. LLC and UBS are seeking even greater scale and expanding their wealth management services to cater to a broader clientele.

The article discusses the growing trend of financial firms expanding into wealth management services, driven by the potential for substantial profits as global wealth continues to grow. Younger customers and Asian markets are contributing significantly to this wealth expansion. While some may view the wealth management fees skeptically, it is noted that wealth managers generally act as fiduciaries, striving to act in their clients' best interests, which can lead to enhanced returns.

The article informs that Citigroup has disposed of its international retail network. It mentions from now on it will focus primarily on commercial banking and wealth management, serving large and medium-sized businesses and millionaires, meanwhile the expansion was premised on rethinking global finance.

In this article author talks about financing and banking of older women. Topics include considered that transfers are forcing wealth managers long used to serving men, to rethink their approach to clients; and examines that American tax data suggest that wealthy older women are as likely to hold stocks, which are riskier than bonds, as the average rich person.

The article focuses on impact of financial crisis of 2007-08 over European banks. Topics discussed include analysis of gradual recapitalisation approaches of several banks in Europe in comparison with the U.S. banks; withdrawal of Germany for insuring bank deposits associated with Eurozone that led to incompletion of the Single Supervisory Mechanism (SSM); and involvement of several banks in problems such as the UBS that consider its association with wealth management.

The article explores the adoption of new marketing strategies by U.S. banks in 2019. Wells Fargo has appointed Charlie Scharf as its chief executive officer (CEO) to introduce reforms in its business approach. Goldman Sachs and Morgan Stanley have decided to offer investment banking and wealth- or asset-management services. The prices of shares of Bank of America, JP Morgan Chase, Citigroup and Wells Fargo during the period from 2016 to 2019 are compared.

The article reports on wealth management services and the private banking industry. The discussion topics include rich peoples' demand for services, how wealth managers try to balance the cost of servicing wealthy clients with producing bank revenue, and the outlook for the private banking markets in Asia and Latin America. Competition in the wealth management sector outside the banking industry is noted.

The article focuses on wealth management, the sector of the financial services industry which provides investment management for rich people. The financial crisis has led to large losses for the clients of these businesses, and many rich people have reduced or withdrawn the money they have invested with them. The Ponzi scheme run by wealth manager Bernard Madoff has increased this trend.

The article offers information on automated wealth managers (AWM) offered by companies that help allocate money between different funds. It mentions the rise in AWM's that are also known as robo-advisers. The article mentions the role of AWM in giving clients advise on saving or the financial costs borne out by students intending to study abroad. Topics include customers such as cash consious investors, exchange traded funds (ETFS) and fees charged by AWMs.

The article discusses the rise of services to manage the wealth of the proletariat in the U.S.

The article discusses the availability of automated wealth managers including Wealthfront, Betterment, and Personal Capital, which provide financial advice through the use of algorithms. Topics discussed include the investment advice provided by the so-called "robo-advisers," the fee structure for such tools, and the differences between robo-advisers and the types of financial advice offered by traditional banks.

The article focuses on startup financial technology (fintech) companies and how they will change finance for the better. It comments on various fintech startups that are disrupting financial services with crowdfunding, peer-to-peer lending, and wealth management. It suggests the fintech companies will improve financial services quality and reduce costs and comments on fintech startup Lending Club's outgoing expenses as a share of its outstanding loan balance and Avant's data-driven lending.

The article focuses on the People's Bank of China's (PBOC) decision to stop all interbank lending, causing a spike in the Shanghai Interbank Offered Rate (SHIBOR) on June 20, 2013. Topics include PBOC governor Zhou Xiaochuan's worries about excessive bank lending, corrupt bank practices involving wealth management products (WMPs), and economic reform within China.

The article reports on the shadow banking industry and the growing popularity of wealth-management products in China in 2013. Topics include how the shadow banking business helps Chinese banks avoid regulations imposed by the International Monetary Fund, attempts to use trust products to attract Chinese consumers to Chinese banks, and why Chinese banker Joe Zhang chose to write a book about the shadow banking industry.

The article focuses on the Swiss banking industry firm UBS. The bank's announcement that it will layoff as many as 10,000 employees in its investment banking operations by 2015 is discussed as part of an overall plan to reduce the bank's trading of fixed-income securities to focus on wealth management services and to improve the rate of return on its stock.

The article discusses wealth--management company BlackRock. Under chief executive Larry Fink, BlackRock has grown to become the world's largest asset manager. During the global financial crisis of 2008-2009, BlackRock's risk-analysis and advisory services were much in demand. The company's size has prompted some institutional investors to reduce their exposure to BlackRock, though, and could also attract additional scrutiny from government regulators.

The article focuses on the financial services industry firm Morgan Stanley. A reorganization of the company under Chief Executive Officer (CEO) James Gorman is discussed in which Morgan Stanley has limited its hedge fund and securities trading operations to focus on wealth management services and stockbroker services which require less use of the firm's capital. A decline in profits for the third quarter of 2010 is considered.

The article reports on the emergence of state-run investment pools called sovereign-wealth funds, that allow countries to invest vast reserves of foreign exchange. Historically, these reserves were invested in longer termed assets like treasury bills, but emerging economies want more risk. In the case of China, these reserves have been invested in foreign banks. Many emerging economies such as those in Abu Dhabi, Russia and Kazakhstan get their reserves from oil profits.

The article looks at private banking for the wealthy in Asia as of June 2004. Asia is the new battleground for the world's private banks. But the attraction of Asia lies less in the absolute sums than in their prospective growth. Rapid economic expansion across the region is creating wealth at an astonishing pace. And more of that money is coming into the orbit of professional managers, as Asia's rich diversify from property and gold into bonds, equities and hedge funds. Unlike western clients, who are often content to invest at home, rich Asians generally demand a global service, partly because the region's financial crisis in 1997-98 taught them to spread their risks. The preponderance of family businesses in Asia creates another set of problems. All this makes private banking in Asia expensive and labour-intensive.

The article focuses on the profitability of financial services firm Morgan Stanley's stockbroking operation in 2015. It states Morgan Stanley purchased the unit from Citigroup during the financial crisis in 2009 and mentions in 2015 its pretax margins exceed 20 percent without much volatility. It comments that stockbroking divisions have been rebranded as wealth-management units and are increasing returns at other U.S. banks and talks about the benefits of the units over index funds.

The article examines private banking in Switzerland. Compliance by that country's banking industry with a Swiss regulation requiring them to declare if they will comply with a U.S. program in which they must disclose tax evasion by U.S. clients in return for fines and an amnesty from criminal prosecution is discussed.

The article focuses on credit trends in China in 2013 which resulted in rating agency Fitch dropping China's local-currency credit rating to A+. It states the wide variety of wealth-management products (WMPs) offered by lightly regulated asset management firms and trust companies altered the composition of credit and comments as of February 2013 bank lending accounted for 55 percent of new financing. It mentions China's banking regulator imposed curbs on WMPs from banks under its jurisdiction.

The article discusses wealth management products (WMP) offered by Chinese banks, and examines concerns by Chinese investors and regulators that they may be Ponzi schemes. Confusion regarding the responsibilities of banks for third-party WMPs is commented on, and efforts of the government to educate consumers on the risks of financial speculation are touched on.

The article focuses on the philanthropy of executives such as Microsoft Corp. founder Bill Gates. A survey published by Capgemini, a consultancy, and Merrill Lynch, an investment bank, identified 85,000 people with more than $30 million of assets in 2005. Most of this wealth has come from success in business. In an article in the "Harvard Business Review" in 1999, Michael Porter and Mark Kramer, two academics, complained that charitable foundations spent too much on administration and did too little to measure how well their money was used.

The article discusses a trend in philanthropy. David Sainsbury, the supermarket tycoon turned politician, is one of Britain's richest men. A broad trend among a new generation of philanthropists is to play an active role in seeing that their money is well spent. In his great 1889 essay on wealth, Andrew Carnegie--a steel magnate who gave away about $7 billion in today's money--argued that the rich had a duty to use most of their money to benefit the community, and should do so actively during their lifetimes. So no wonder a growing number of wealthy donors are declining to leave the fate of their charity to chance. Indeed, many of today's philanthropists--including Bill Gates, who has so far donated over $20 billion to his foundation--are intent on being far more active than previous generations of philanthropists in setting clear goals and devoting a lot of their own time and energy to seeing that their money is well spent during their own lifetimes.