08/26/2014
Morgan Stanley managers depart amid reorg
A number of Morgan Stanley Wealth Management directors have left the firm amid a reorganization of the managed-accounts unit and streamlining of operations
Wealth and Asset Management
08/26/2014
Citi Private Bank Barred From Selling Alts.
Citigroup’s $285 million mortgage-backed securities settlement has cut it out of the hedge-fund sales business, at least for the time being.
08/26/2014
Kanaly Trust partners with Meritage Capital to create alt investment solutions for HNWs
The partnership is designed to offer high net worth individuals access to better managers.
08/26/2014
Lichtenstein-based private bank pulls Swiss arm out of US programme on tax evasion
A spokeswoman for the bank said it had set aside 3 million Swiss francs ($3.3 million) in provisions for the investigation.
08/25/2014
Dementia: The Growing Retirement Risk
“It came on fairly quickly,” Gutzke, a wealth management advisor in the high-net-worth unit of Minneapolis-based U.S. Bank, says of his once-sharp client.
08/24/2014
Seven things you should know about Raja Sharma
Sharma is managing director for Merrill Lynch Private Banking and Investment Group
08/22/2014
Convergent Wealth Advisors Shines as Luxury Wealth Manager
The Luxury Institute has announced Convergent Wealth Advisors as third out of 39 leading national wealth management companies and private wealth managers in their 2014 LBSI Wealth Management Survey.
08/22/2014
Adviser Bonuses Add Up to Billions at Morgan Stanley, UBS
Morgan Stanley Wealth Management now has a combined $5.2 billion outstanding in forgivable loans to advisers–which works out to $321,402 per adviser in its ranks, InvestmentNews says.
08/22/2014
Independent provider of private client, corporate and fund services opens an office in New York
Second representative office in the USA, adding New York City to its well-established presence in Miam
08/22/2014
ORTEL: Create an American sovereign wealth fund
New York-In America, the cradle of capitalism, we need to have a sovereign wealth fund.
08/21/2014
The World Bank Issues a 10-Year Step-Up Callable Green Bond for Merrill Lynch Wealth Management Clients
Today the World Bank priced a $12.057 million World Bank Step-Up Callable Green Bond sold to Merrill Lynch Wealth Management clients.
08/21/2014
Yet another big bank hitches its wagon to the asset management star
The bank will act aggressively on all fronts
08/21/2014
$450M Advisory Firm Network Joins LPL
LPL Financial LLC, the nations largest independent broker/dealer, an RIA custodian, and a wholly owned subsidiary of LPL Financial Holdings Inc., today announced that Financial Advocacy Network has joined the LPL Financial broker-dealer and RIA custodial
08/21/2014
RBC Weighs Opening Itself to More Risk
Royal Bank of Canada is facing a conundrum about one of its fastest-growing businesses: when to apply the brakes.
08/20/2014
US fine provisions hit Swiss private banks
Swiss private banks performed poorly in 2013 with one-third posting losses.
08/19/2014
Berkshire Hathaway Offers Long-Term Alternative for Family Offices
Many companies split stock – increasing the number of shares while reducing their individual value
08/19/2014
Boston Family Offices Like EM, Euro Regulators Remain Active
European investors, on the other hand, have shown greatest interest in equity long/short and global macro to date in 2014.
08/19/2014
NBAD subsidiary in Americas renamed
The National Bank of Abu Dhabi (NBAD) has renamed its wholly-owned subsidiary in the Americas to NBAD Americas N.V.
08/14/2014
The Coming Decade for Wealth Management
Moving beyond robo-advisors so investors can see the whole picture
08/14/2014
Swiss Banks Return To The United States
A handful of Swiss banking institutes have started to re-engage with the United States off-shore market entirely within the law