Managers of Wealth Americas

BCG report: Asset management recovery begins on bumpy road for traditional players

The increase in new asset flows remained relatively modest

Newton and Merrills withdraw US client investment accounts

Newton and Merrill Lynch’s decision to withdraw accounts for US clients will add to the pile of orphaned clients who have links to the US, creating opportunities for competitors in the market

Bloomberg cancels its new wealth management product

Bloomberg LP is canceling its new wealth management service, BloombergBlack, before it hits the market

Forbes Family Office Reveals National Ambition

The Forbes family is planning to launch a national multifamily office.

Raymond James profit rises 9.8% on revenue growth

Raymond James Financial Inc.'s fiscal third-quarter earnings rose 9.8% as the regional broker reported higher revenue thanks in large part to growth in its asset-management business.

Wealth management boosts Ameriprise profit

Financial services company Ameriprise Financial Inc reported a stronger-than-expected 44 percent rise in second-quarter profit

Fraud and cybercrime biggest non-investment risks to family offices

Sustainability, data loss, fraud and theft are among the top non-investment risks faced by private families and the offices that serve them

Report finds most millionaires do not consider themselves wealthy - UBS

7% of investors believe the economy is strengthening and 60% say their long-term economic outlook is bright.

BofA creates new retirement unit

Bank of America Corp. has combined its retirement planning and wealth management capabilities.

New Economic Study Reveals Global Built Environment Wealth Tops $193 Trillion

EC Harris is today publishing a landmark global study which provides fresh insight into the current and future prosperity of nations across the world based on analysis of investment in infrastructure and the built environment.

The Sullivan Wealth Management Team Leaves Morgan Stanley for BHWM; Firm Expands CA Presence

The move marks the 11th advisor team to join BHWM, and will bring a projected asset transition of approximately $110 million to the firm.

Morgan Stanley Q2 profits up 66%

Morgan Stanley said second-quarter profits rose 66%, as higher revenue from executing client trades and growth in its wealth management unit more than offset the impact of rising interest rates.

SEI Reports Second-Quarter 2013 Financial Results

Diluted earnings per share were $.47 in second-quarter 2013 compared to $.28 in second-quarter 2012.

The Wealth Management Whine

Steven Crosby, senior managing director at PricewaterhouseCoopers, predicts a five-fold, global increase in mergers and acquisitions in the wealth industry

Women forcing wealth management professionals to change their thinking

Wealth management industry facing changing demographics

Northern Trust Corporation Reports Second Quarter Net Income of $191.1 Million, Earnings Per Common Share of $0.78

Northern Trust Corporation reported second quarter net income per common share of $0.78, up from $0.73 in the second quarter of 2012 and $0.67 in the first quarter of 2013.

BofA, Morgan Stanley Hold Lead In Top Wealth Manager Ranking

Bank of America Corp. and Morgan Stanley held on to a slim lead over UBS AG in a 2012 ranking of the world’s largest wealth managers compiled by PAM Insight SA.

Bank of America makes hay from wealth management

Hidden in the numbers released in Bank of America's second-quarter earnings report on Wednesday was a single figure - 27.6 percent - that should delight the wealth management industry.

High Net Worth Individuals Leading the Social Media Charge

Social media usage has increased dramatically over the last three years among the Affluent,

Advisers Closing Investment Ranks

Advisers started moving to broaden their investment options to offer clients an array of pre-packaged strategies run by outside managers.

Wealth and Asset Management