Wealth Management Industry News
A collection of Wealth Management latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Hang Seng rolls out five wealth management strategies
One major move has been the opening of the Hysan Place Wealth Centre in Causeway Bay, Hang Seng's first such facility in a grade A commercial building on Hong Kong Island. The location was chosen carefully. “Hang Seng has been growing with…
Punjab National Bank to enter wealth management, expand credit card business
State-run Punjab National Bank is strategically positioning itself for significant growth by planning an entry into the high-potential wealth management sector by early 2027 and aggressively expanding its credit card business, aiming to challenge…
Carvana Co. $CVNA Shares Purchased by HB Wealth Management LLC
HB Wealth Management LLC grew its position in Carvana Co. (NYSE:CVNA - Free Report) by 373.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,926 shares of the…
Halozyme Therapeutics, Inc. $HALO Shares Purchased by HB Wealth Management LLC
HB Wealth Management LLC increased its position in shares of Halozyme Therapeutics, Inc. (NASDAQ:HALO - Free Report) by 281.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned…
Wealthy investors are pouring billions into this new tax strategy despite risks
Total assets invested in so-called tax-aware long-short strategies — or TALS — have surged to more than $170 billion, according to Tax Alpha Insider. The strategies seek to track equity indexes while generating tax losses that can…
Citi Trends CFO Heather Plutino to Step Down for Personal Reasons
Citi Trends said Friday that Finance Chief Heather Plutino has informed the company of her decision to step down from her role for personal reasons. The off-price value retailer of apparel, accessories and home trends said Plutino will continue to…
Kumiai Chemical Industry 9-Mos Net Y5.73B Vs Net Y9.05B
Kumiai Chemical Industry Co. Ltd. (4996.TO) Japan Nine Months Ended July 31 GROUP 2026 2025 Revenue Y141.41 bln Y134.49 bln Operating Profit Y7.63 bln Y10.41 bln Pretax Profit Y12.21 bln Y11.57 bln Net Profit Y5.73 bln Y9.05 bln Per share Earnings…
Oklo to Sell Up to $1 Billion of Stock in At-The-Market Equity Offering
Oklo agreed to sell up to $1 billion worth of stock in an at-the-market equity offering program. The nuclear technology company disclosed the offering in a Friday regulatory filing, saying it had entered an equity distribution agreement with a…
The End Of 'Follow The Leader' In Global Investing: Why Your Portfolio Needs A New Map
Ivan Illan is the Founder & Chief Investment Officer at AWAIM Global and bestselling author of “Success as a Financial Advisor for Dummies.” For the better part of two decades, individual investors got used to a relatively simple rule…
Why Hong Kong banks see mainland Chinese investors as key to wealth growth
Hong Kong banks expect the contribution of mainland Chinese investors to the city's wealth management business to continue to grow through 2030, presenting opportunities despite Beijing's tightened cross-border tax rules. Mainland China's share of…
China's young investors embrace risk. Why are their portfolios so safe?
Young Chinese investors may be just as willing to take risks as their global peers, but their portfolios remain more conservative against a backdrop of years of relative underperformance in China's stock market, a prolonged property downturn and…
Pentagon Awards Boeing $13.4B Air Force Contract Modification
The U.S. Air Force added $13.4 billion in potential spending to an existing contract with Boeing to add foreign military sales to the scope of work. The modification brings the total contract ceiling to $19.1 billion from $5.7 billion, the Defense…
WealthManagement.com Celebrates 2026 Industry Awards
Wealth Management honored the winners of the 12th annual 2026 Wealth Management Industry Awards during a black-tie awards ceremony at Cipriani 42nd Street in New York City on Thursday. This year's awards set a new record with 1,392 nominations from…
Scholar Rock Gets FDA Approval of Isembyld for Spinal Muscular Atrophy
Scholar Rock said the Food and Drug Administration approved Isembyld, or apitegromab, for the treatment of spinal muscular atrophy. The drug was approved for adults and for children two years of age and older who are currently receiving a survival…
Olin Unit Gets $788M Contract to Supply Bullets to U.S. Military
Olin Corp. unit Olin Winchester was awarded a $788.3M contract to supply bullets to the U.S military, the Defense Department said. Under the terms of the deal, Olin Winchester would supply 5.56mm, 7.62mm and.50 caliber ammunition, with work…
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