02/06/2013
SSgA Upromise 529 Plan Tops $1 Billion In Assets
"This milestone represents a successful start for the SSgA Upromise 529 Plan."
Wealth and Asset Management
02/06/2013
RBC Wealth Management consolidates Albany area operations
The combined firm has 20 employees, two of whom were hired since RBC moved into the new space in December.
02/05/2013
Wealth management Americas lone bright spot for UBS in 4Q
The bank's plan to shed assets and shrink its balance sheet “is going really well.”
02/05/2013
Atlantic Trust Celebrates Another Record Year
Atlantic Trust attributes its long-standing success to strong client retention and a steady inflow of assets from existing and new client relationships.
02/05/2013
Desjardins Group to invest in Qtrade Financial Group
Desjardins Group adds scale in wealth management and Qtrade Financial Group joins the Canadian cooperative environment
02/05/2013
Northern Trust Enhances Delivery of Risk and Performance Data for Institutional and Wealth Clients
Clients can customize comparisons at the plan level or for different investment programs and accounts.
02/05/2013
Gen Y Advisors Unhappy with Independence
Younger Advisors Less Satisfied with Independent Track - RESEARCH
02/05/2013
Euromoney publishes 10th annual Global Private Banking Survey – UBS returns to the top
The private banking industry has had to modernize as never before to keep pace with the global needs of clients, new regulation and rebuild trust.
02/05/2013
J.P. Morgan cuts investment bank bonuses
Executives in asset management will get an average increase of 6% in salary and bonuses
02/05/2013
Barclays Wealth opens Beverly Hills office
Barclays Continues to Expand its Wealth and Investment Management Presence in the U.S. With the Opening of its Beverly Hills Office
02/04/2013
JPMorgan Joins Rental Rush For Wealthy Clients: Mortgages
The firm’s unit that caters to individuals and families with more than $5 million, put client money in a partnership that bought more than 5,000 single family homes to rent.
02/04/2013
Who Says Wealth Doesn't Buy Happiness? The Wealthy Do
The Spectrem study adds to a growing field of research on wealth and happiness.
02/04/2013
UBS overhaul bearing fruit despite hefty quarterly loss
Wealth management businesses’ full-year net new money up CHF 11.3 billion to CHF 46.9 billion
02/03/2013
UK's wealthy investors pile into US real estate
In many cases investors have almost double in US real estate compared to what they have in other alternative investments
02/02/2013
The next American wealth boom has officially begun
It may not feel like it for many Americans. But with the Dow breaching 14,000, shareholders and investors have recovered the more than $8 trillion in wealth lost during the recession and attained levels of paper wealth they haven't seen since the Roa
02/02/2013
Wealth advisers find Sanctuary at S.F. firm
Crosspoint, which has about $240 million in assets under management, was founded by Michael Kress
01/31/2013
Morgan Stanley boosts CEO salary, eyes higher returns
Gorman's total pay for 2012 fell 7 percent to $9.75 million, the bank said in a regulatory filing Thursday, putting him on the lower end of the range for big banks that have reported figures so far.
01/31/2013
Millionaire Confidence Hits 2-Year High
“The Millionaire Outlook rose for the second consecutive month, driven by an increase in confidence in the economy,” Spectrem said.
01/31/2013
BofA Completes Int'l Weath Management (non-US) Transfer to Julius Baer
At the same time and as a first step of the integration, Julius Baer acquired the Geneva-based Merrill Lynch Bank (Suisse) S.A. with around CHF 11 billion assets under management.
01/31/2013
Mack International Nominated for Best Family Office Consulting Firm
Ms. Mack is highly regarded as a thought-leader, renowned speaker and wealth-management industry event chairperson who is frequently invited to present at influential family office forums, conferences and private events all over the world.