05/30/2017
The beauty of trusts for real estate investing clients
The more flexible buckets in which clients’ assets are stored, the more opportunities to plan.
Wealth and Asset Management
05/30/2017
The Simon Family-Office Solution
Why a single-family office in New Jersey merged with a traditional wealth-management firm, not a multifamily office.
05/30/2017
South Street’s Deal for Lebenthal Falls Through
South Street’s offer was expected to help end a challenging period for Lebenthal, which was founded in 2007 as a revival of the municipal bond trading shop
05/30/2017
As Merrill Lynch and Morgan Stanley cut back, what's next for recruiting deals?
If you are a wirehouse adviser who has counted a giant recruiting package as part of your net worth, you need to recalculate
05/27/2017
Raymond James' Saut Thinks Investors Are 'Profoundly Underinvested' In Stocks
Saut went on to suggest that the market's next notable catalyst would be tax reform from the White House.
05/26/2017
Private client firm acquires Merrill Lynch's international trust and wealth structuring business
The CEO expressed his delight at concluding this deal
05/26/2017
Wells Fargo to Boost Broker Sign-On Bonuses as Rivals Cut Back
The firm plans to offer competitive pay as its focuses on attracting more high-net worth clients.
05/25/2017
RBC Wealth Management net income up 12%
Wealth Management net income of $431 million was up $45 million or 12% from a year ago, mainly due to increased earnings resulting from growth in average fee-based client assets which benefited from favourable equity markets, and higher net interest incom
05/25/2017
With $25 million in funding, Prumentum Group is building a “hybrid robo” wealth manager
Over the last 18 months, the team behind Prumentum has been working on a dual-track strategy to provide a mix of technology and human advice
05/25/2017
How to Attract and Retain High Net Worth Clients
Differentiate yourself by customizing your services and focusing on holistic family planning, not just investments.
05/25/2017
Why JP Morgan AM is asset manager of the year
Our biggest award of the year went to JP Morgan Asset Management. It combined a robust ongoing business with definite strides in client engagement and product evolution.
05/24/2017
International advisory firm closes Miami office
This relocation is part of a strategic expansion that will allow us to take on more financial advisers
05/24/2017
Bank of Montreal earnings rise on wealth management strength
U.S. loan and deposit growth had moderated
05/24/2017
UBS Throws Hat Into Luxe Credit Card Rewards Game
The card also allows for the redemption of 25,000 points for an airline ticket
05/24/2017
BNY Mellon Announces Partnership with CFA Institute to Develop Collaborative Research on Social Investing, Diversity and Inclusion
For BNY Mellon, one benefit of the partnership is an increased focus on continuing professional education opportunities aligned with its business strategy.
05/24/2017
Raymond James Financial Reports April 2017 Operating Data
The growth over last year’s April was largely attributable to higher balances of Private Client Group assets in fee-based accounts.
05/23/2017
Merrill’s Recruitment Halt a Boon for RBC and Others
RBC has been more aggressive pursuing experienced advisors with substantial bonuses than other firms, except for the wirehouses, according to Diamond.
05/23/2017
UBS Agrees to Buy Brazil's Largest Multi-Family Office
UBS’s assets under management in Brazil increased 31 percent to about 8 billion reais in the first quarter from the previous three months.
05/22/2017
Raymond James Nabs $275 Million Wells Fargo Team
Wells Fargo Advisors has been shedding brokers in recent months, following last year’s revelations that branch employees in the retail banking arm of the company opened as many as two million fake deposit and credit accounts to keep pace with quotas
05/22/2017
Regional brokerage Wunderlich sold for $67M
In addition to significantly enhancing our wealth management business.