06/11/2015
Goldman Sachs’s Pioneer Builds Billion-Dollar Indie RIA
Morgan was raised with a blue-collar mind-set.
Wealth and Asset Management
06/11/2015
Morgan Stanley CEO Scraps Buying UBS Brokerage Arm
A combination of the two would create a wealth management behemoth
06/10/2015
SSN Adds $430M New York-Based Firm
Following its acquisition in January, SSN operates as a wholly-owned subsidiary of Ladenburg Thalmann Financial Services
06/10/2015
TD Ameritrade moves upmarket to millionaires
The decision could make TD Ameritrade more competitive with the growing host of large brokerage firms
06/10/2015
Morgan Stanley adds more banking services for wealth clients
The new banking products are just the latest step in Morgan Stanley's effort to make wealth clients more reliant on financial advisers - not just for investments, but for loans and other financial needs.
06/10/2015
High-profile broker Buck faces rash of complaints
Merrill Lynch terminated Buck, 61, on March 4 citing its "loss of confidence" in him after 34 years with the firm.
06/10/2015
UBS Makes Case for Borrowing as an Investment Strategy
The wealth management firm cautions investors must use leverage for balance sheet diversification rather than to amp up returns
06/09/2015
Merrill Lynch pivots to mildly affluent clients
Their ability to automatically rebalance client portfolios so that they meet investors' risk appetites and goals have likely attracted the affluent
06/09/2015
Norwest Equity closes Wealth Enhancement sale
Wealth Enhancement Group has created a differentiated business model that sets itself apart from other wealth management firms within its industry.
06/09/2015
Smolin Lupin Announces Plans to Seek Acquisition Opportunities
Financial and accounting services firm seeks to expand New York market share
06/09/2015
Bremer Advisors, Bankers Unite to Win Over the Mass-Affluent
As banks struggle with rising regulatory costs and thinner profit margins, they're increasingly boosting efforts to generate more business from existing clients and diversify their revenue streams
06/08/2015
Barclays Banker Loses Two Jobs After Leak of Insane Intern Email
Kwan, who was a second-year analyst in Barclays’ Global Power & Utilities group, was let go by the bank on Friday
06/08/2015
Stifel Completes Acquisition of Sterne Agee
Stifel Financial Corp. today announced that it has completed the acquisition of Sterne Agee Group, Inc.
06/08/2015
Troubleshooting Single-Family Offices
As single-family offices become increasingly institutionalized, many are critically evaluating their operations and performance. Their intent is to eliminate impediments to success as they attain better results while mitigating costs.
06/08/2015
ARS Wealth Advisors Among Top 100 Fee-Only Wealth Management Firms in the Nation
With a focus on accessibility and customization, the firm was named No. 32 on CNBC’s annual list
06/08/2015
Barclays' US wealth unit changes hands
As of May 31, 2015, Barclays had approximately 180 financial advisors in the U.S.
06/08/2015
Smart Beta Critics “Supping on Thin Gruel”
The “futurewealthy”—those with an average net worth of $2.7 million today—prefer to work with a relationship manager
06/08/2015
Why Financial Advisors And Insurance Agents Need To Forge Partnerships With Accountants
This is usually the case for all sorts of clients, but its even more fundamental when it comes to high-net-worth clients.
06/08/2015
Lightyear Capital Completes Acquisition Of Majority Equity Stake In Wealth Enhancement Group
Lightyear Capital LLC, a private equity firm specializing in financial services investing, today announced that an affiliated investment fund has completed its previously announced acquisition of a majority equity stake in Wealth Enhancement Group
06/05/2015
5 Ways to Keep HNW Clients
Many advisors shift their focus to keep high-net-worth clients happy but they can shift too far and lose their value in clients' eyes. They often forget that clients are looking for their unique services.