Page 46 - Wealth Managers News Today

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You might think of wealth managers as stock-pickers who build an investment portfolio and occasionally monitor its performance – which is why many may question whether it’s actually worth paying for.

A growing number of wealth managers in Asia are setting up offices in Dubai, capitalising on warming diplomatic ties between China and the Middle East and betting on a surge in demand from clients for geographical diversification. Dubai, a major financial hub in the Gulf region, is emerging as a preferred wealth hub for many entrepreneurs and rich families in Asia, mainly China, as they look to take advantage of favourable policies and expand their businesses, wealth managers said.

Jefferies has retained its ‘Buy’ rating on Julius Baer, as it has forecast a “partial recovery” for the wealth manager’s share price this year.

Glassman Wealth Services raised its stake in Dimensional U.S. Core Equity 2 ETF (NYSEARCA:DFAC – Free Report) by 12.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,058,956 shares of the company’s stock after buying an additional 115,904 shares during the period. Dimensional U.S. Core Equity 2 ETF accounts for approximately 4.4% […]

Wilson & Boucher Capital Management LLC decreased its holdings in shares of ROBO Global Robotics & Automation ETF (NYSEARCA:ROBO – Free Report) by 6.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,225 shares of the company’s stock after selling 275 shares during the period. Wilson & Boucher Capital Management LLC’s holdings in ROBO […]

Fortis Capital Advisors LLC cut its holdings in shares of Vanguard FTSE Emerging Markets ETF (NYSEARCA:VWO – Free Report) by 66.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,815 shares of the exchange traded fund’s stock after selling […]

TFO Wealth Partners LLC increased its holdings in Booz Allen Hamilton Holding Co. (NYSE:BAH – Free Report) by 69,400.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,865 shares of the business services provider’s stock after purchasing an additional 4,858 shares during […]

TFO Wealth Partners LLC grew its position in shares of Eli Lilly and Company (NYSE:LLY – Free Report) by 51,388.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,634 shares of the company’s stock after acquiring an additional 4,625 shares during the quarter. […]

Clients of top wealth managers have been blocked from accessing their funds following the collapse of a London-based broker.