Managers of Wealth Americas

Raymond James Launches Portfolio Management Tool for Advisors

Raymond James Financial launched Portfolio Management Center, a portfolio management and research tool for its employee and independent-channel advisors.

Advisers Must Understand Millennials To Attract Them

Members of the so-called millennial generation like to live for today

RIAs must be prepared for aggressive SEC enforcement

The SEC recently has focused on custody, as well as the adequacy of a firm's compliance program, policies and procedures

Lourd Capital Management Rebrands as LourdMurray

New Name Reflects the Addition of Palmer Murray, Formerly of Morgan Stanley, to the Firm as President and Co-Managing Partner

How to Get High Net Worth Clients: Communication is Key

Exactly one-fourth of High Net Worth investors do not use financial advisors for investment advice.

Odds are your family business will not pass to the next generation

Remarkably, only 15 percent of family businesses pass to the next generation, and even fewer survive to the third (according to a global study conducted by U. S. Trust, Bank of America Private Wealth Management, Prince and Associates and Camden Research)

Credit Suisse's private banking and wealth management division profit rises 4 pc

Mirroring a strong performance by Wall Street rivals, Credit Suisse more than doubled pre-tax profits at its investment banking division from a year ago

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.

Wealth and Asset Management