LGT Crestone acquires Commonwealth Bank's high-net-worth advisory business, integrating 40 advisers.

Wealth management firm LGT Crestone has acquired Commonwealth Bank's ultra high net worth advisory business, integrating about 40 experienced advisers. This move signals LGT Crestone's commitment to sustainable growth. Meanwhile, there's a growing concern that investors are content with lower profit margins, potentially indicating longer investment horizons or acceptance of lower returns.

November 11, 2024
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