Is Vontobel a hedge fund?
A Swiss boutique is buying Vontobel's hedge fund arm. The move is part of a streamlining of the Swiss bank's asset management activities. Progressive Capital Partners is buying the hedge fund arm of Zurich-based Vontobel, it said in a statement on Friday.
What is the difference between asset management and wealth management?
wealth management comes down to what services you need. Asset management is about choosing and managing investments. Wealth management, on the other hand, looks more broadly at a person's financial life and portfolio. Some financial advisors do both, allowing you to hire just one person for the job.