Wealth management

Fidelity is using virtual reality, built on the Google Daydream headset, to transport staff into the homes of fictional customers so that they can see the impact of their responses to queries [...]

Aviva has acquired a majority stake in the robo-adviser, Wealthify, for an undisclosed sum. The robo-advisor, which offers retail investors access to a number of savings and investment plans will [...]

UBS and Campden Wealth study has found that just 10 out of 262 of the world’s richest families suffered a decline in wealth in 2016. Three-quarters of the families increased their wealth, while [...]

McKinsey research has found that European private banks have suffered a 10% decrease in profits in 2016, the first annual fall since 2009. The decline in profits was attributed to a slowdown in [...]

HM Revenue & Customs research has found that around £1.5bn of tax relief was claimed by individuals making gifts to charity in 2016, an increase of more than 50% since 2012 Deutsche Bank has [...]

HSBC’s China fund management venture has been punished for misconduct related to IPO subscriptions, as part of a broad campaign by regulators against financial corruption. Nine funds from HSBC [...]

Credit Suisse has introduced a four-step digital onboarding service for new clients offering a paperless, 15-minute sign-up process. The service is initially aimed at private individuals [...]

Ashmore, the London-based asset manager which specialises in emerging market debt, has posted net inflows of $1.2bn for Q2 2017. Assets under management rose 5% quarter on quarter to $58.7bn [...]

Sachem Head Capital Management, a New York-based activist investor, has secretly amassed a 2.3% holding in Worldpay through contracts-for-difference. The news came as the payments processor was [...]

HSBC has been given the go-ahead from the China Securities Regulatory Commission for its securities joint venture in China. HSBC owns 51% of HSBC Qianhai Securities. Qianhai Financial Holdings [...]