11/17/2014
The list was compiled by the Bloomberg Rankings team based on a survey of more than a thousand firms worldwide, and using a database obtained from the Portland, Oregon-based Family Offices Group.
11/17/2014
State Street to Sell Hedge Fund Business in Management Buyout
State Street Corp. (STT) is selling its hedge fund investing business to the unit’s senior management.
11/14/2014
UBS to Cap Bonus of Forex and Metals Staff on FINMA Orders
The measures were imposed as the regulator detected the company’s misconduct in its forex trading business.
11/14/2014
Jamie Kempner of Loeb Partners says Family Offices Want to Invest Directly
He is a descendent of the legendary Loeb banking family, and the son of New York socialite Nan Kempner, known for her charity work, collection of couture and spending "more than I should, and less than I want."
11/13/2014
One of the largest buyers of registered investment advisers is beefing up its network of advisory firms
The firm has completed 23 RIA and broker lift-out transactions this year
11/13/2014
Wealth Management is Good for Banks
Fitch Ratings has released a statement saying that U.S. banks are moving in the right direction expanding their wealth management divisions and offerings.
11/13/2014
BofA's U.S. Trust hires a dozen advisers in October
U.S. Trust does not disclose assets under management or annual revenue production for the new hires.
11/12/2014
LPL Adds $520M Firm To Hybrid RIA Platfrom
The firm only employs four advisors currently but hopes to attract experienced advisors throughout the Gulf Coast region.
11/12/2014
US Banks' Shift to Wealth Management Generally Positive
Efforts by many US banks to offer more wealth-management capabilities are generally positive for diversifying earnings and increasing revenue per customer, as growth in core bank products remains tepid and net interest margins compressed
11/11/2014
Thomson Reuters Expands Wealth Management Solutions
Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced an agreement with Mediant Communications to provide shareholder communications for Thomson Reuters Wealth Management solutions.
11/10/2014
Lessons From The High End
At the third annual Creating An Excep-tional Family Office conference in Boston at the end of September, I had the privilege of moderating discussions with a number of top industry practitioners and trusted advisors to the ultra-affluent.
11/10/2014
Moneyman tells of servicing NYC’s elite clients
The rich sure are different from you and Mark Mascia.
11/10/2014
The master who teaches the Merrill herd to graze on wheatgrass and chia
The mild aerobics were part of a three-day event orchestrated by Chris Johnson, a wellness guru who has gained influence under John Thiel's leadership of Bank of America's Merrill Lynch wealth management business.
11/10/2014
Whenever we discuss organisational structures and business models with our family office and private wealth management clients, one thing is very clear: regardless of size or complexity, these clients share a common desire to increase the efficiency of op
11/10/2014
As we look to grow our asset management capabilities, 1919 Investment Counsel fits perfectly within this goal
11/10/2014
When it comes to bonuses on Wall Street, a distinct pattern has begun to develop since the financial crisis: Traders are not getting the gravy anymore.
11/07/2014
Canaccord Genuity acquired the private-wealth management division of Eden Financial Ltd. for $20.8 million in 2012 to expand its business in the U.K. A year earlier, the firm purchased British brokerage Collins Stewart Hawkpoint Plc for $393 million.
11/07/2014
Battles between brokers and private bankers for very wealthy clients have always been fierce
Wells Fargo prods elite bankers, brokers to share more clients
11/07/2014
In the Fall 2014 issue of Progressive Asset Management’s newsletter, News & Views, Sallie Krawcheck discusses three important topics
11/06/2014
The firm saw assets under advisement grow 40 percent in the year ended on March 31, to $3.5 billion. In the prior year, its assets had doubled, Bloomberg Markets magazine will report in its December issue.