Latest news with #wealthmanagement
Zawya
6 hours ago
- Business
- Zawya
RAKEZ, Pioneer Asset Management cooperate to expand wealth planning support
RAS AL KHAIMAH - Ras Al Khaimah Economic Zone (RAKEZ) entered a strategic partnership with Pioneer Asset Management, a leading and independent wealth advisory firm, to enhance the financial planning support available to its clients. Under this agreement, RAKEZ will refer businesses and individuals seeking expert wealth management and estate planning services to Pioneer, which will deliver personalised advisory solutions in full compliance with the UAE financial regulations. In addition to tailored advice, RAKEZ clients will gain access to secure offshore investment accounts, comprehensive estate and succession planning, and fully insured wealth platforms offering structured portfolios with competitive target returns. The Memorandum of Understanding (MoU) was signed by Mohammed Kutyba, Director of Value Added Services at RAKEZ, and Guneet Pal Singh, Founder and Managing Director of Pioneer Asset Management, at Compass Coworking Centre. With 22 years of experience serving high-net-worth individuals globally, Pioneer Asset Management is headquartered in the UAE and has a strong presence across the Indian subcontinent, the Middle East, and Europe. The firm is known for its client-first philosophy and bespoke approach to wealth creation and preservation. This collaboration marks a strategic step in RAKEZ's ongoing efforts to build a holistic support system for its community of entrepreneurs, investors, and business owners. By aligning with one of the region's most trusted financial advisory firms, RAKEZ is enhancing its suite of services to help clients safeguard their assets, plan wisely, and grow sustainably.
Wall Street Journal
7 hours ago
- Business
- Wall Street Journal
Asset Management vs. Wealth Management
What is asset management? Asset or investment management focuses primarily on maintaining your portfolio, according to Jaime Eckels, a CFP (certified financial planner) and partner at Plante Moran Wealth Management. 'Asset management is really about the portfolio and what's in it,' Eckels says. 'How much of the portfolio is stocks and bonds? Do you add real estate exposure with a real estate investment trust? Portfolio management is also about when to buy and sell.' Additionally, asset management heavily emphasizes returns, although portfolio results tend to be mixed, says Michael Finke, Ph.D., a CFP and professor of wealth management at the American College of Financial Services. 'The traditional consumer looking for an asset manager is looking for someone to help them pick investments,' Finke says. 'While asset management can be part of an overall wealth management strategy, just relying on picking investments doesn't add a lot of value to a client hoping for an overall strategy to build and effectively manage their wealth.' What is wealth management? Rather than focusing solely on portfolio performance, wealth management offers a more holistic approach to building and managing wealth. 'Wealth management recognizes that each household has its unique characteristics and different goals for how to use that wealth,' Finke says. 'It's about helping clients identify their values and putting together a plan that takes into account taxes, education savings, charitable giving, estate planning and other important aspects of their financial life.' Eckels adds that wealth management is about using your assets to paint a more comprehensive financial picture. 'Wealth management is about more than returns,' Eckels says. 'Instead of just looking at maximizing portfolio performance, you're also figuring out how your assets can help you send the kids to school and retire comfortably, while getting help with tax optimization strategies.' Key differences between asset management and wealth management Both Eckels and Finke say that asset management falls under the umbrella of wealth management. 'Asset management has a narrow focus, and it's a piece of the broad wealth management puzzle,' Eckels says. 'A wealth manager can help you with portfolio management as they provide planning services.' Finke says that, overall, the financial professional industry is shifting toward an emphasis on wealth management. 'Managing investments has really become commoditized. You can use a robo advisor to put together an internationally diversified and automatically managed portfolio for less than 10 basis points across the board,' or 0.10 percentage points, Finke notes. 'The real value of wealth management is in the strategy that goes into building a comprehensive financial plan and then helping the client manage the assets so they can reach their goals.' Which service is right for you? To decide whether asset management or wealth management makes sense for you, start by reviewing your objectives. 'If you have a plan and you're comfortable with how you're handling the rest of your finances, and you're looking for someone to manage your portfolio only, an asset manager might make sense,' Eckels says. 'However, if you need more guidance as well as other services, a wealth manager might be a good choice.' Finke adds that a CFP designation is a good credential to look for. However, he also suggests looking for someone with credentials that indicate a knowledge of planning and potentially additional education tailored to wealth management. 'Don't fall into the trap of [focusing too much on] whether you want a financial advisor who can tell you whether Tesla is a good stock,' Finke continues. 'The research shows the real value comes from having an advisor who understands your goals and has the ability, knowledge and experience to help you reach them.' Finally, Eckels recommends understanding what services you're getting and whether they make sense for the price you're paying. When choosing a financial advisor, it's important to set expectations so you get a good value. For example, some asset managers charge based on the number of transactions they complete on your behalf, or they might receive commissions for buying certain funds for your portfolio. That doesn't mean that your portfolio won't see good returns, Eckels says, but it does raise questions about conflicts of interest. 'Understand the services offered and the payment structure. Many wealth managers base their fees on assets under management [AUM], especially if they are helping you manage your portfolio,' Eckels says. 'However, you often get access to planning services, including a team that can help with estate, tax, charitable giving and education planning on top of financial planning and asset management when you choose a wealth manager that uses an AUM model. Some asset managers use an AUM model, but all you get is portfolio management and no other services.' FAQ Can I use both asset and wealth management services simultaneously? Yes, asset management is considered a facet of wealth management. If you have a wealth manager, you likely also have asset management services included. Are asset managers held to fiduciary standards? Not always. Some asset managers are only required to recommend products and services that are suitable for a client, even if they aren't the best possible. A fiduciary financial advisor is required to act in your best interest and must disclose conflicts of interest. How do fee structures differ between asset and wealth managers? Like most financial advisors and professionals, there are different fee structures that both asset and wealth managers can use. Many asset and wealth managers use an AUM model, but there might be other structures. Asset managers in particular might integrate a transaction model or commission model into their pay structure. Some asset managers receive salaries and bonuses based on portfolio performance. What qualifications should I look for in a financial advisor? Consider looking for someone who has extensive experience and education in the specific financial areas you need help with. Find out what characteristics other clients have and look for a financial advisor who helps people in similar situations. How do asset and wealth management services integrate with tax and estate planning? Wealth managers are more likely to consider the tax and estate planning implications of the assets held and the types of accounts used. Asset managers are generally more focused on generating returns than on tax implications or estate planning services.
Zawya
8 hours ago
- Business
- Zawya
RAKEZ expands wealth planning support for clients through collaboration with Pioneer Asset Management
Ras Al Khaimah: Ras Al Khaimah Economic Zone (RAKEZ) entered a strategic partnership with Pioneer Asset Management, a leading and independent wealth advisory firm, to enhance the financial planning support available to its clients. Under this agreement, RAKEZ will refer businesses and individuals seeking expert wealth management and estate planning services to Pioneer, which will deliver personalised advisory solutions in full compliance with UAE financial regulations. In addition to tailored advice, RAKEZ clients will gain access to secure offshore investment accounts, comprehensive estate and succession planning, and fully insured wealth platforms offering structured portfolios with competitive target returns. The partnership was formalised through the signing of a Memorandum of Understanding (MoU) by Mohammed Kutyba, Director of Value Added Services at RAKEZ, and Guneet Pal Singh, Founder and Managing Director of Pioneer Asset Management, at Compass Coworking Centre. With 22 years of experience serving high-net-worth individuals globally, Pioneer Asset Management is headquartered in the UAE and has a strong presence across the Indian subcontinent, the Middle East, and Europe. The firm is known for its client-first philosophy and bespoke approach to wealth creation and preservation. Commenting on the collaboration, Singh said, 'This partnership gives us an opportunity to be part of the growth at RAKEZ and the UAE. Together, we're committed to making a positive impact and creating opportunities for growth and prosperity for our clients. We stand with our commitment of ethical business practices and complete transparency for clients.' Ramy Jallad, Group CEO of RAKEZ, said, 'At RAKEZ, we continuously strive to go beyond the conventional services expected from an economic zone. Our vision is to create a thriving ecosystem where businesses and individuals are supported operationally and empowered to make strategic, future-focused decisions. This collaboration with Pioneer Asset Management strengthens that vision by giving our clients direct access to expert financial planning guidance, an essential element for anyone looking to grow, preserve, and transition their wealth with confidence. It reinforces our role as a long-term partner in their success.' This collaboration marks a strategic step in RAKEZ's ongoing efforts to build a holistic support system for its community of entrepreneurs, investors, and business owners. By aligning with one of the region's most trusted financial advisory firms, RAKEZ is enhancing its suite of services to help clients safeguard their assets, plan wisely, and grow sustainably. About Ras Al Khaimah Economic Zone (RAKEZ): RAKEZ is a powerhouse business and industrial hub established by the Government of Ras Al Khaimah in the United Arab Emirates. It currently hosts over 35,000 companies coming from over 100+ countries and operating in more than 50 industries. RAKEZ offers entrepreneurs, startups, SMEs and manufacturers a wide-range of solutions, including free zone and non-free zone licences, customisable facilities, and first-class services provided in a one-stop shop. Furthermore, RAKEZ has specialised zones that are tailored to specific needs of investors: Al Nakheel and Al Hamra Business Zones for commercial and service companies; Al Ghail, Al Hamra and Al Hulaila Industrial Zones for manufacturers and industrialists; and an Academic Zone for educational providers. A leading economic zone, RAKEZ aims to continue attracting diversified investment opportunities that will contribute to the economic growth of Ras Al Khaimah.
Bloomberg
9 hours ago
- Business
- Bloomberg
World's Rich Ignore Mideast Strife to Bet on Dubai and Abu Dhabi
By , Alexander Sazonov, Chanyaporn Chanjaroen, Nicolas Parasie, and Ben Bartenstein Save At the Dubai offices of Abbey Road Investment Group, the phone calls and emails keep landing from around the world. The inquiries are from potential clients from India and the UK, the US and Africa — even as far afield as Brazil. They're all looking to set up family offices in Dubai and Abu Dhabi, the twin emirates that offer to safeguard the fortunes of the world's wealthy without income or inheritance taxes.
Yahoo
15 hours ago
- Business
- Yahoo
Old investment playbook may no longer apply in turbulent 2H2025: Moomoo Singapore
With the market landscape proving more volatile than expected in the first half of the year, investors were focused on how to adjust their sails at the MooFest 2025 What began as a modest community gathering three years ago has grown into one of Singapore's largest retail investing events. Held on Jul 13, MooFest 2025 drew a record crowd of investors, content creators and market educators, reinforcing its role as a key platform for learning, discussion and strategy-setting among the city-state's retail investor community. Organised by Moomoo Singapore, this year's event marked the third and largest edition of MooFest to date, with more than 4,000 investors and partners in attendance. Themed 'The Future of Wealth, Reimagined', this year's event featured a wide-ranging programme — from deep dives into equities, digital assets, portfolio allocation and artificial intelligence, to discussions on retirement readiness, market resilience, and the evolving investor mindset in a shifting macro landscape. The format — part seminar, part community festival — allowed attendees to exchange views and get first-hand access to tools and insights from both experts and peers. Winds of change: Preparing for 2H 2025 Beyond the scale of participation, the tone at MooFest 2025 reflected a sense of cautious confidence. With the market landscape proving more volatile than expected in the first half of the year, investors were focused on how to adjust their sails — to remain invested, stay diversified, and uncover opportunities in a climate shaped by shifting trade policies, stubborn inflation, and a weakening US dollar. The event came just days after Moomoo released its 2H 2025 Investor Sentiment Survey, which polled nearly 1,500 retail investors. Findings revealed a split market outlook: while only 30% of respondents expressed optimism for the second half of the year, nearly half of high-risk investors indicated plans to increase their equity exposure — suggesting that many view volatility not as risk, but as opportunity. In his keynote market outlook session, Isaac Lim, Chief Market Strategist at Moomoo Singapore, shared that the second half of 2025 will likely remain turbulent. 'We are seeing the breakdown of traditional correlations — US equities falling even as bond yields rise and the dollar weakens. This suggests the old playbook may no longer apply.' Lim highlighted three key themes shaping the next six months: the end of US exceptionalism, deepening geopolitical fragmentation, and a rethinking of traditional portfolio construction. With S&P valuations at a premium, a weakening USD, and ongoing trade tensions fueling de-dollarisation trends, Lim cautioned against relying on legacy strategies. 'The 60/40 split of yesterday won't cut it today.' Still, he urged investors not to overlook selective US opportunities. 'Earnings revisions in the US are turning positive again. Seasonality also supports a slow grind upward in Q3, with July and November historically delivering strong returns.' Rather than exiting entirely, investors should be tactical — combining defensive income strategies like dividend portfolios and precious metals, with selective exposure to AI, defence, and semiconductor sectors. Singapore was also spotlighted as a compelling market for dividend strategies. With its low volatility, strong governance and stable currency, it remains an attractive option for those seeking consistent income amid global uncertainty and market volatility. Empowering through innovation and education Beyond the stage, MooFest offered hands-on workshops, AI demos, and deeper dives into moomoo's evolving capabilities. Attendees trialled the newly launched Moomoo AI — a generative tool trained on financial data and real-time market signals, enabling users to analyse stocks, generate investment ideas, and respond swiftly to market movements. 'Since its launch, over half a million users have turned to Moomoo AI to navigate the markets more confidently,' says Gavin Chia, CEO of Moomoo Singapore. 'It's fast, intuitive, and designed for real-world use.' Survey results reflected this uptake. Over 70% of affluent investors now use AI-assisted tools in their investment process. Even among portfolios under S$200,000 — the core of Singapore's retail investing base — interest in AI tools for alerts, earnings insights, and risk detection is surging. 'This year's MooFest wasn't just about education — it was about empowerment,' adds Chia. 'Investors are taking charge, reallocating across asset classes, trimming when needed, and using tech to stay informed. That's the kind of participation we're proud to support.' Scaling reach, strengthening community MooFest 2025 also celebrated a key milestone: Moomoo Singapore now serves over 1.5 million users, a staggering figure that translates to roughly one in two residents aged 20 to 70. This is up from one million just 15 months ago. According to Moomoo Singapore, this isn't just rapid growth — it's a cultural shift. Moomoo is fast becoming a cornerstone in the investing journeys of everyday Singaporeans.' Platform data bears this out. Nearly 70% of users remained profitable over the past year, despite a challenging macro backdrop. Rather than retreating, investors reallocated. US exposure dipped from 75% to 67%, while Hong Kong allocations rose from 9% to 12%. Singapore exposure remained stable — a sign of local confidence and portfolio anchoring. Diversification, too, is gaining traction. Nearly half of all respondents plan to boost overseas exposure in 2H 2025, with crypto gaining ground among aggressive investors. While still a minority allocation, nearly 15% of high-risk investors say they will raise their digital asset exposure in the months ahead. 'Whether you're exploring digital assets for the first time or refining your strategy, Moomoo equips you with the tools and confidence to take that next step,' Chia says. To better support this evolving base, Moomoo is preparing to launch CDP linkage — allowing investors to integrate SGX-listed holdings into the app — and is opening physical investor boutiques to provide in-person support. 'These spaces blend digital efficiency with human guidance — from onboarding to portfolio planning,' says Chia. Looking ahead If previous MooFests were about building awareness, MooFest 2025 marked a new phase: participation, strategy, and empowerment. Investors are actively recalibrating — not waiting for clarity, but adapting to change with confidence and conviction. 'As Singapore celebrates SG60 this year, we remain committed to building a future where investing is more inclusive, intelligent, and accessible to all,' says Chia. 'MooFest is not just a celebration of what we've built — it's a commitment to where we're headed. At Moomoo, we are not just adapting to the future of wealth; we are actively shaping it.' 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