07/25/2012
Wealth Management Outsourcing: A Global Market Perspective
All of these have brought technology centre stage in managing financial institutions.
Wealth and Asset Management
07/25/2012
Raymond James reports solid third quarter results
This represents an 8 percent increase over the prior year quarter's diluted earnings per share and is flat with this year's second quarter on a non-GAAP basis.
07/25/2012
Will wealth managers nimbly respond to changing needs of high-net-worth investors?
Wealth management, an industry long accustomed to steady growth and healthy profits, is now facing significant headwinds — and opportunities.
07/25/2012
Wealth Management Buoys Ameriprise’s Q2 Earnings
Pretax operating margins within the wealth management division increased 11.6% compared to 11.3% a year ago due to cost-cutting that “helped to offset the impact from low interest rates.”
07/25/2012
Raymond James 3Q Net Up 63% on Double-Digit Revenue Growth
The investment-banking and wealth-management company had seen its profits decline in recent quarters as market volatility challenged its revenue growth.
07/25/2012
Lazard reports record first-half 2012 operating revenue
Record first-half 2012 operating revenue of $954 million; second-quarter operating revenue of $455 million
07/24/2012
Schwab Charitable Reports Record Assets and Grants in Fiscal Year 2012
National Donor-Advised Fund Plans Expansion of Investment Line Up to Provide Clients with Wider Range of Investment Solutions to Meet Charitable Goals
07/24/2012
Former Lehman President Joseph Gregory Is Selling His Breathtaking Long Island Mansion For $22 Million
The gorgeous home at 26 Lloyd Haven Drive is priced $22 million, according to a listing on Coldwell Banker.
07/23/2012
Wealthy shift to risky investments
Twenty percent of the 1,020 households surveyed said they bought individual domestic equities in the 12 months ended in March, the Boston-based mutual fund firm said.
07/23/2012
58pc of Wealth Management Firms Polled Cite Regulatory Changes as Biggest Challenge
The poll, completed by 100 participants at SEI's annual Connections Conference, revealed that regulatory changes pose the single largest challenge for 58 percent of survey respondents.
07/22/2012
Another Swiss bank to drop US clients amid tax row
Coop, another retail bank, announced it had stopped doing business with its US clients.
07/22/2012
Survey Finds 86 Percent of Millionaires Are Self-Made
This year’s study found that 86 percent of millionaires are self-made and that their path to wealth, financial outlook and goals greatly impact their investment behaviors. In addition, millionaires’ outlook on the future financial environment
07/22/2012
Credit Suisse Plans to Sell Two Private-Equity Businesses
The lender succumbed to pressure today to boost capital by 15.3 billion Swiss francs ($15.6 billion) amid the worsening European sovereign-debt crisis.
07/19/2012
Campden launches membership to HNW families in Asia
The programme is modelled on that offered to families in the US by the Institute for Private Investors, acquired by Campden last year.
07/19/2012
Private banks: BofA ranks No 1
Britain's HSBC is in sixth place on $377bn, a long way behind the top five, which all have about $1trn or more.
07/19/2012
Camarda Wealth Advisory Group Named to Top 50 List of Fastest-growing Companies in Northeast Florida
Latest in a Series of News Media Recognitions for Independent Investment Management Firm; Jeffery Camarda Appears in Wall Street Journal.
07/19/2012
Gorman Probably Still ‘Delighted’ With Wealth Management
Morgan Stanley’s bright spot was its wealth-management machine.
07/18/2012
Former Morgan Stanley banker sets up financial advisory firm in Dubai
Three years on, she has lured a number of her former Morgan Stanley colleagues to join her company, deNovo Corporate Advisors, which is helping small private Middle East companies that are looking for acquisitions, joint ventures or capital-raising opport
07/18/2012
Big bonuses seen leading to current Wall Street scandals
Hodgson told CNBC his research shows the incentive structure on Wall Street, in which bonuses are paid based on short-term profits, was one of the prime factors that caused the financial crisis in 2008 and 2009.
07/18/2012
Northern Trust says net income surges as fees rise
The Chicago-based wealth management firm said Wednesday that the fees it charges for handling trusts and investments climbed to its highest level in four years.