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John Mathews - 2 Jeff Bezos - 1 Mathews - 1 Bank of America's Merrill Lynch - 1 Iqbal Khan - 1 ” - 1 Khan - 1 Wells - 1
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Search resuls for: "John Mathews"


3 mentions found


☆ 'The great wealth transfer' is here: Billionaires set to transfer trillions to their kids
  + stars: | 2023-11-30 | by ( Robert Frank | ) www.cnbc.com   time to read: +3 min
It marked the first time in the nine-year history of the report that newly minted billionaires accumulated more wealth from inheritance than starting a business. "The great wealth transfer, which we've all been talking about for the last 10 years, is underway," said John Mathews, head of UBS' Private Wealth Management division. Their total wealth great by 9% -- from $11 trillion to $12 trillion. The great wealth transfer from billionaires and multi-millionaires will likely change the landscape in investing and wealth management, as well as spending and philanthropy. "The wealth management industry needs to focus on those industries that can help accelerate the ability to invest in these areas," Mathews said.
Persons: John Mathews, Jeff Bezos, Mathews Organizations: UBS Billionaire, UBS, Private Wealth Management, Amazon
☆ Focus: UBS goes on hiring spree for wealth managers catering to rich Americans
  + stars: | 2023-07-03 | by ( Tatiana Bautzer | ) www.reuters.com   time to read: +4 min
Of those, 30 came after the Credit Suisse deal was announced in March. With the Credit Suisse deal, UBS became the world's second-largest wealth manager. “The U.S. is the largest wealth market globally, and in recent years there has been unprecedented growth," Iqbal Khan, UBS' president of global wealth management, told Reuters. Reuters GraphicsUBS' ranks of financial advisers in the U.S. have swelled by more than 25% in the last three years. “Over the next 20 years, we'll see the greatest transfer of wealth in history," said Khan, who joined UBS from Credit Suisse in 2019.
Persons: Bank of America's Merrill Lynch, Iqbal Khan, ”, Khan, Wells, John Mathews, We’ve, Johann Scholtz, we'll, Tatiana Bautzer, Paritosh Bansal, Lananh Nguyen Organizations: YORK, UBS, Credit Suisse, Bank of America's, JPMorgan Chase's, First Republic Bank, Citigroup, BG Group, Merrill, Reuters, Reuters Graphics UBS, Wealth, Thomson Locations: Wells Fargo, Europe, Asia, U.S, California, Americas, New York
☆ Wealthy families are migrating to the U.S. South and UBS is following them
  + stars: | 2022-11-03 | by ( Lananh Nguyen | ) www.reuters.com   time to read: +2 min
The new structure for the world's largest wealth manager signals a big push into the southern United States alongside competitors such as Merrill Lynch Wealth Management, which has boosted its presence in Florida. "We’ve seen our clients do well in the last decade in terms of their investment outcomes," said Jason Chandler, head of UBS wealth management in the United States. High net worth families are taking advantage of greater flexibility to live and work in different locations, he said. Ultra-high net worth families are moving from northern to southern states and are settling in multiple locations, and some financial advisers have followed suit by splitting their time across multiple offices, UBS said. The bank's top markets for wealth management include Atlanta, Colorado, Florida and Texas, alongside traditional hubs in the Northeast like New York and Boston.
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