Tag: Wealth management
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Powerball Jackpot: West Australian Wins $50 Million
West Australian Wins the $50 Million Powerball Jackpot A West Australian has secured the entire $50 million Powerball prize, a win that will alter the course of their life and potentially reshape the local community’s outlook on lottery luck. The draw, held on Thursday, provided a life-changing result for a single ticket holder who matched…
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DBS Q3 Profit Falls 2% but Beats Market Expectations
DBS Q3 Profit Declines 2% but Surpasses Expectations Singapore-based DBS Group Holdings Ltd. reported a 2% dip in net profit for the third quarter ended September 30, 2025, to S$2.95 billion from S$3.03 billion in the same period a year earlier. Despite the softer bottom line, the results beat market expectations on the back of…
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Wealthsimple Raises $750 Million at a $10 Billion Valuation to Accelerate Growth
Wealthsimple Announces $750 Million Equity Round at $10 Billion Valuation Wealthsimple, Canada’s leading financial innovator, has announced an equity round of up to CAD 750 million at a post-money valuation of CAD 10 billion. The round includes a CAD 550 million primary offering and a secondary offering of up to CAD 200 million. Co-led by…
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Few Heirs Keep Their Parents’ Wealth Advisors, Cerulli Study Finds
Generational wealth transfer curves to trillions, but advisor retention remains limited Over the next 25 years, more than $120 trillion in wealth will pass from one generation to the next. A Cerulli Associates study sheds light on a pivotal question for ultra-wealth clients, their heirs, and the professionals who guide them: will heirs keep the…
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Few heirs keep their parents’ wealth advisors, Cerulli finds
Most heirs retain, not replace, the family wealth advisor As Baby Boomers and their successors prepare for a generational wealth transfer, a Cerulli Associates study sheds light on how inheritors plan to manage, or reshape, the advisory relationships they inherit. Over the next 25 years, more than $120 trillion is expected to flow to heirs,…
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Goldman Sachs Announces Acquisition of Industry Ventures in $7 Billion VC Push
Goldman Sachs Expands into Venture Capital with Industry Ventures Acquisition Goldman Sachs has agreed to acquire Industry Ventures, a San Francisco-based venture capital firm managing about $7 billion in assets under supervision. The deal, valued at $665 million in upfront cash and equity with potential additional consideration of up to $300 million based on future…
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Early Retirement at 40 in Switzerland: A Bold Yet Possible Dream
The Dream: Early Retirement at 40 in Switzerland In Switzerland, the idea of retiring at 40 might seem like a chapter from utopia. The country’s high cost of living and the structure of its pension system typically push retirement planning toward the traditional age. Yet, stories from the ground show that a path to financial…
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UBS Headquarters Move to the US: A Viable Option or a Risky Prestige?
Context: What the UBS headquarters move would mean Rising chatter about UBS potentially relocating its corporate headquarters to the United States has stirred debate across financial markets. The proposal would entail moving the parent company’s seat from Switzerland to the US, with regulatory oversight shifting from the Swiss FINMA to the U.S. Federal Reserve. A…
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The Declining Allure of Singapore for China’s Wealthy
The Shifting Tide of Wealth: Singapore and China In recent years, Singapore has established itself as a vital hub for wealthy mainland Chinese families seeking a safe refuge. However, recent trends indicate a gradual decline in Singapore’s allure among China’s rich, reversing years of inflow that significantly benefitted the city-state’s economy. Background: The Rise of…
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The Decline of Singapore as a Wealth Hub for China’s Rich
Introduction: Singapore’s Wealth Landscape Once regarded as a prime destination for wealthy mainland Chinese families, Singapore is witnessing a significant shift in its appeal as a wealth management hub. After a surge in interest following the political upheavals in Hong Kong in 2019, the country is now experiencing a decrease in its attractiveness for China’s…