12/18/2015
Wells Fargo to Nudge Brokers to Get Bigger Clients
Change is bank’s latest push to compete for clients who have millions of dollars in assets
Wealth and Asset Management
12/17/2015
HazelTree and Goldman Sachs Asset Management Announce Strategic Partnership to Help Investment Managers Manage Cash Holdings
Rules-based “sweep” developed in response to banks’ compliance with Basel III guidelines
12/16/2015
The 13-Year Contract Vexing Credit Suisse Brokers
Those who take the offer must remain at Wells Fargo for 13 years to earn the full payout of bonuses tied to the agreements, much longer than the industry’s typical nine-year deal
12/14/2015
China 'to move £500bn sovereign wealth fund to New York'
CIC shifts focus to US investments after Canadian assets hit by energy and mining downturn
12/14/2015
EXCLUSIVE: Kenwood Collection lands largest office tenant yet
As the anchor office tenant in the Tower at Kenwood Collection, Merrill Lynch will have signage on the south side of the building.
12/11/2015
Canada's bright young minds shine at the RBC Next Great Innovator Challenge
A hundred and nine innovative minds from 23 colleges and universities across Canada. Twenty-four innovative ideas proposed in one day. But only one team can be named RBC's Next Great Innovator - or maybe not?
12/10/2015
Bermuda's Scepter Partners looks for acquisitions to spur growth
Scepter is a standing syndicate of ruling families, ultra-high-net-worth industrialists and sovereign wealth funds. Headquartered in Bermuda
12/10/2015
Four Signs a Wealth-Management Partnership Is in Trouble
Financial advisers need to be watchful and proactive, because the unraveling of a team can be ugly
12/09/2015
Using digital marketing to build client trust in wealth management
So how best can wealth and asset management firms work to keep the trust they’ve initially built?
12/08/2015
Almost Half of Barclays Advisors Left Before Stifel Closed on Deal
The firm did not disclose terms, underscoring the difficulty industry insiders have had judging whether the deal was worth it.
12/08/2015
Wells Fargo Targeting Wealth Management Clients At Other Firms
Wells Fargo reached an agreement in October with Credit Suisse Group AG to get the inside track on recruiting the Zurich-based company’s private-bank employees.
12/08/2015
Getting Seriously Wealthy By Selling A Family Office
The key is doing a deal that is not a conventional sale of an accounting practice.
12/07/2015
View From the Top: The Durability of Wealth Management
James Gorman was looking to the future as well when he spearheaded Morgan Stanley’s acquisition
12/07/2015
Sovereign wealth funds withdraw $19B from asset managers
Sovereign wealth funds in the Gulf have been pulling money out of asset managers at the fastest rate on record as they rush to boost their economies following the collapse in the oil price.
12/07/2015
Scotiabank has launched its Scotia Wealth Management brand
Scotiabank says it made the move because it finds clients are demanding more comprehensive advice.
12/06/2015
Global Banks’ International Retrenchment Spells Boutique Opportunity
The specialized boutique model is simply a more effective enabler of advisors to provide superior client focus, advice and investment solutions.
12/06/2015
BTG Pactual pushes to sell credit portfolios
Joe Leahy in São Paulo and Martin Arnold and Patrick Jenkins in London
12/04/2015
First Republic Bank Announces Contract Extension
The Board approved an extension of Herbert's contract as full-time Chairman and CEO through Dec. 31, 2017.
12/04/2015
David Silfen, Goldman’s Former Equities Co-Head, Dies at 69
In his new role, Silfen was instrumental in building the firm’s equities derivatives business
12/04/2015
Stifel Completes Acquisition Of Barclays Wealth And Investment Management, Americas
Through the combination of the depth of Barclays’ franchise and the breadth of Stifel’s product offerings, we are creating a premier wealth management platform.