Updated Wednesday, July 23, 2014 as of 6:04 AM ET
UBS Tops Ranking of World’s Wealth Managers for Second Year
July 17 (Bloomberg) -- UBS led a ranking of the world’s biggest wealth managers for a second straight year as asset growth more than doubled among the top 209 firms, a study showed.
Assets under management at the Zurich-based lender rose 15% to $1.97 trillion, cementing its No. 1 spot in the ranking by Scorpio Partnership, a London-based consultancy. Bank of America was second with $1.87 trillion, followed by Morgan Stanley, Credit Suisse Group and Royal Bank of Canada, all unchanged from a year earlier.   more »
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