10/26/2014
Top Advisor in Apparent Suicide as Fund Draws Questions
Convergent Wealth Advisors’ David Zier found dead after apparent irregularities are discovered in a fund he ran outside the firm
Wealth and Asset Management
10/24/2014
AssetMark To Broaden Investment Offering Through Acquisition Of Aris Corporation of America
Aris will operate as a division of AssetMark. Advisors will see Aris as an investment choice alongside the other portfolio strategists offered through AssetMark's innovative investment platform.
10/24/2014
Canadian financial institutions have big advantages when it comes to attracting wealthy investors.
Royal Bank of Canada and its peers are devoting more effort to building private banking franchises everywhere from the U.S. to Asia.
10/23/2014
National wealth management firm enters Houston
Bessemer also intends to deepen relationships with Houston-based attorneys and accountants
10/23/2014
A high-stakes game for the wealthy
Private equity firms are about to become a little more open to the public.
10/22/2014
A high-stakes game for the wealthy
Private equity firms are about to become a little more open to the public.
10/21/2014
David Perdue Has Up To $1 Million Managed By Swiss Private Bank Fund
The fund, Vontobel Non-U.S. Equity LLC, is managed by a subsidiary of the Zurich-based private bank Vontobel to invest in companies that operate primarily outside the United States.
10/20/2014
European asset managers gear up for second act in the US
What has proved less clear, however, is how the Europeans can become household names able to compete with well-known domestic American managers.
10/20/2014
RBC Global Asset Management Announces $50 Million Impact Investing Initiative
The investments are intended to supplement the recently proposed U.S. Treasury program to purchase Risk-Share loans and may help address funding gaps created by the fact that these types of loans are not eligible for Ginnie Mae securitization.
10/17/2014
Bank of America's private wealth management arm hires 26 advisers since August
However, the firm traditionally works with clients who invest $1 million or more in assets
10/16/2014
Imagine a world in which suave private bankers have been replaced by algorithms and mobile phone app
Mobile digital private banking on the move is already a reality.
10/16/2014
Swiss Banks Entering U.S. Client Disclosure Program
The U.S. voluntary disclosure program for Swiss banks to avoid prosecution for fostering tax evasion through cross-border accounts held by U.S. clients divides banks into four categories.
10/14/2014
GenCap Portfolio Management Hires Sanctuary Wealth Services
Portfolio Manager Stephen Bradley Forms New Investment Management Firm
10/14/2014
PwC Wins Partner Innovation Award
By leveraging deep operational and industry experience
10/14/2014
"I Knew I Would Get Fired": Sallie Krawcheck
The financial industry, despite its bad reputation, can do a lot of good in the world. But it has defined itself about money and not about meaning at all," she says
10/13/2014
Being a billionaire is no longer just for the boys
Like most lists of wealthy Americans, members of the Walmart family are on top, with Alice and Christy Walton both worth more than $30 million
10/13/2014
BloombergBlack honcho John Michel comes full circle with new gig
The man behind Bloomberg LP's ill-fated foray into wealth management is back.
10/10/2014
Morgan Stanley uses client cash to chase private equity profits
People think of it as a risky business but it's not really
10/07/2014
Wealth Adviser: Avoiding the Headaches of a Rock-Star Firm
The model appeals to young talent, and it obliges senior advisers to think of themselves less as stars and more as mentors.
10/07/2014
Merrill team ordered to return $6.6 million in signing bonuses to Barclays
The arbitrators did not explain their decision, as is typical in FINRA rulings, but denied the brokers' counterclaims asserting fraud, negligent misrepresentation, and breach of contract to justify keeping the loans.