Wealth Management Archives

Official data from Saudi Arabia shows that the private sector non-oil growth was stable in May, with the Purchasing Managers’ Index slightly decreasing to 56.4 from 57 in April...

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Start-up of the Week: Meet Illio, the comprehensive investment intelligence platform

IFM CorrespondentJune 12, 2024

by IFM CorrespondentJune 12, 2024

Illio was born to give investors premier analytics to help them manage wealth to the best of their ability...

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Saudi wealth fund increases holdings in Chinese stocks, gains from Alibaba windfall

IFM CorrespondentMay 22, 2024

by IFM CorrespondentMay 22, 2024

According to reports, PIF has boosted its position in Alibaba for the second time in less than a year...

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Dubai’s financial magnetism: Wealth managers flock as millionaires multiply

IFM CorrespondentMay 16, 2024

by IFM CorrespondentMay 16, 2024

Middle Eastern state-owned investors oversee USD 4.7 trillion in capital, with Dubai alone having three times as many millionaires as any other city in the region, according to the DIFC...

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Morgan Stanley’s wealth management division faces regulators’ heat

IFM CorrespondentApril 18, 2024

by IFM CorrespondentApril 18, 2024

Morgan Stanley's wealth management division offers brokerage, custody, investment advising, and financial planning services to high-net-worth individuals and small to medium-sized organisations...

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Norway sovereign wealth fund: No private equity dive despite central bank’s push

IFM CorrespondentApril 17, 2024

by IFM CorrespondentApril 17, 2024

Norway Finance Minister Trygve Slagsvold Vedum has said that the government has concluded that investing in unlisted stocks is not a good idea at this time...