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Latest Results from /wealth

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2023 predictions: Citi forecasts weakest annual global economic growth in 40 years

A recent Citi Global Wealth Investments (CGWI) report has predicted the weakest annual global economic growth in forty years, outside of the global financial crisis and pandemic shutdowns.

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Moneyfarm buys Profile Pensions

UK digital wealth manager Moneyfarm is buying pension adviser and consolidator Profile Pensions. Financial terms of the deal were not disclosed.

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JPMorgan Private Bank invests in two Swiss fintechs

JPMorgan Private Bank has invested in two Swiss fintech firms that provide software to help advisors build portfolios for wealthy clients.

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Ex-Googler unveils 'family office for the world'

A group of former Googlers has raised $90 million for a startup promising to bring the benefits of family offices to the masses.

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Fund services firms lagging in digital journey

Despite the fact that the vast majority of trust, corporate and fund services see the benefit of adopting digital technology, only a third have actually started on their digitalisation projects.

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BlackRock and Proxymity agree UK proxy voting deal

BlackRock, the world's largest asset manager, has agreed a deal with digital investor communications platform Proxymity, that will enable retail investors in the UK to participate in proxy battles.

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Singapore Fintech Festival 2022: Saxo launches digital wealth advisory solution

During the week of Singapore Fintech Festival 2022, Finextra caught up with Saxo's APAC CEO Adam Reynolds and regional head of Saxo Institutional Ivan Chang at their offices in Singapore to discuss the launch of SaxoPartnerConnect.

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Bitwise launches active crypto fund

The world's largest crypto index fund manager, US-based Bitwise, is expanding from passive to active management in an effort to attract more institutional investors.

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Saudi wealth fund launches $24bn tech fund

A sovereign wealth fund led by Saudi crown prince Mohammed Bin Salman has launched a $24bn investment fund targetting the Middle East tech sector.

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Portugal's fintech sector passes €1bn milestone

Funding for Portuguese fintechs has exceeded the €1bn mark for the first time.

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Wealth management startup Sidekick scoops £3.33 million in pre-seed funding

The UK investment and wealth management landscape is set to see a new challenger in the shape of Sidekick, a fintech startup co-founded by former Pariti founder Matthew Ford, which has raised £3.33 million in pre-seed funding ahead of a launch next year.

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Report highlights tech skills shortage

The financial services sector faces a potential shortage of skilled technologists and data analysts over the next five years, according to as recently published report.