12/18/2013
Raymond James financial Reports November Operating statistics
Total securities commissions and fees of $253 million were up 6.5 percent over last year’s November but down 4.8 percent versus the preceding month on fewer trading days.
Wealth and Asset Management
12/18/2013
New York wealth manager opens San Francisco office
Tiedemann Wealth Management, founded in 1999 and led by President Craig Smith, oversees more than $8 bilion in assets for about 130 clients.
12/16/2013
BNY Mellon Introduces Fee Management Service for Asset Managers
The offering, serviced through BNY Mellon's transfer agency group, has been designed to help asset managers understand the services they are receiving for the fees they pay to broker-dealers.
12/16/2013
U.S. Bank Wealth Management Names Head of Product Services
Prior to that, he served as head of Investment Management and Trust Products and Services for Wells Fargo’s Wealth Management Group. He has more than 19 years of experience in the financial services industry, according to U.S. Bank.
12/16/2013
Wealth Manager Study Says Deals Surged as Prices Dropped
Buyers spent more than $8 billion since Dec. 31 as they absorbed businesses that oversee money for affluent individuals and families.
12/13/2013
Where Investors Obtain Wealth Management Services
Brokerage firms often provide wealth management services to affluent investors.
12/12/2013
FOX Publishes Guide to Creating and Running a Family Office
The guide documents the challenges faced by families who wish to manage their wealth collectively for the long-term and provides a look inside today's family office.
12/12/2013
Private Bankers Fear Volcker Rule Impact On HNW Offerings
Private fund offerings to the wealthy are likely to shrink as a result of Volcker Rule guidelines approved Tuesday by the federal financial regulators, acording to some financial industry officials.
12/11/2013
SunTrust to Sell Wealth Management Business for $245 Million
The buyers are a group of RidgeWorth employees and outside investors led by the private-equity firm Lightyear Capital
12/11/2013
SunTrust to Sell Wealth Management Business for $245 Million
The deal could be worth an additional $20 million beyond the $245 million sale price depending on the performance of certain RidgeWorth assets.
12/10/2013
Merrill Lynch Study Debunks Myth of Gender-based Differences in Investing Behavior
Myths about the innate differences between men and women when it comes to investing behavior and performance are debunked in a new research report published today by the Merrill Lynch Wealth Management Institute.
12/10/2013
Pershing Identifies Six Transformations Elite Broker-Dealers Use to Outperform Peers
Commitment to advisory services, sound recruitment strategies and organic growth are among keys to success in post-crisis world
12/10/2013
Turnover hits Deutsche Bank's US mutual fund unit amid outflows
This year, the Frankfurt-based bank has seen turnover of New York-based executives as U.S. capital continues to leave Deutsche Bank's mutual funds, which are branded DWS Investments.
12/10/2013
New President of U.S. Bank HNW Seeks New Business from Existing Customers
U.S. Bank’s high-net-worth wealth management unit is sticking to its strategy despite a sudden change in leadership at the top.
12/10/2013
TruNorth Merges with BGM Wealth Management
Following the merger, clients will enjoy access to an expanded team of professionals working together to meet their needs
12/09/2013
Bank of Montreal Private Banking Firms Honoured by Global Brands Magazine in Multiple Geographies
The Global Brands Awards are given to identify, acknowledge and reward key players that provide exceptional service and performance across different countries and sectors, including finance, education and technology.
12/09/2013
Cary Street Partners Acquires Texas-Based RiverStone Wealth Management
RiverStone Wealth Management oversees more than $400 million in client assets
12/09/2013
UBS Wealth Management Americas Introduces the UBS Equity Award Value Index TM
UBS has invested nearly $200 million to bring clients cutting-edge technology and industry expertise
12/09/2013
U.S. Bancorp Adds Head of Product Services to Wealth Unit
He will spearhead the research and development of banking, wealth planning, investment management and trust products across U.S. Bancorp's wealth management division.
12/09/2013
SAC Reaches Deal to Sell Reinsurance Firm
The billionaire trader Steven A. Cohen is one step closer to converting his onetime $15 billion hedge fund into a family office after a tentative deal to sell a reinsurance firm he formed in 2012.