08/15/2012
The new ownership also enables us to leverage the complementary nature of our activity with other businesses in the group, notably RBC Capital Markets and RBC Wealth Management. We look forward to being able to provide clients with holistic solutions that
08/12/2012
Approximately two thirds of IWM AuM are from clients domiciled in growth markets in Asia (more than half), Latin America and the Middle East.
08/12/2012
Julius Baer's acquisition of the loss-making unit means that about half of all the Swiss bank's clients will be in faster-growing emerging markets - chiefly Asia but also Latin America and the Middle East - up from around one third now.
08/09/2012
Triad Financial ranks No. 15 on The Business Journal's Largest Financial Planning Firms list. It has had 24 employees overall, including four certified financial planners.
08/09/2012
Swiss private bank close to deal to buy Merrill Lynch's Non US wealth units
A full announcement is expected on August 13th.
08/09/2012
Financial advice is a tricky sell in the Valley. The place is full of Ph.D.s with problem-solving skills, an unusually strong aversion to fees, and no clue what to do with their money.
08/09/2012
The dinner meetings will be held three times a year, Wharton and IPI said in a statement. After the New York dinner, the next gathering will take place in March in San Francisco.
08/08/2012
It is unclear why the discussions fell through, although one of the sources said he believed it was because the two companies could not agree on pricing and succession.
08/08/2012
Year-to-date 2012 net interest income totaled $8.7 million, a 21% increase over the prior year.
08/08/2012
Canaccord Wealth Management generated $37.6 million in revenue and, after expense allocations, recorded a net loss of $7.3 million before taxes in Q1/13
08/07/2012
Morgan Stanley has told investors its wealth management business, weighed down by an expensive merger integration and a tough market environment, can deliver mid-teens pre-tax profit margins.
08/06/2012
The assets that FMP supervises grew 30 percent to $2.6 billion as of Dec. 31, just behind Signature, a Norfolk, Virginia-based family office that expanded 36 percent in 2011 to $3.6 billion.
08/06/2012
He joins Monarch with over 28 years of banking and investment experience.
08/06/2012
Wall Street bankers look set to be hit by severe pay cuts this year as the industry's heavyweights come under pressure to axe costs, recruiters have warned.
08/06/2012
CIBC buys private wealth management firm
The business manages some $1.4 billion in assets for high net worth individuals families, endowments and foundations.
08/05/2012
Your humble correspondent’s mind drifts back to December when Magne Orgland, head of asset management at Wegelin & Co, sat in the same room telling the very same story.
08/05/2012
Harris' vaunted bond portfolio was vulnerable because the bank had expected long-term interest rates to subside before they eventually did.
08/02/2012
According to a new industry analysis surveying 96 money managers worldwide that oversee approximately $21 trillion in assets, profit margins since the financial crisis have been managed by controlling compensation and benefits expense.
08/01/2012
Online capabilities crucial to younger generations, Aite Group study finds
08/01/2012
Banco Santander operates an “Edge Act” bank based in Miami that provides private banking services exclusively to wealthy foreigners, primarily Latinos.