Managers of Wealth Americas

Merrill Lynch Wealth Management's brokerage defections continue

Merrill Lynch Wealth Management's main brokerage force shrank by 75 advisers

Rich Families Cut Back on Buyout Firms for Direct Deals

Single-family offices are investing directly because of declining fund returns and concerns that some outside managers charge high fees and may have conflicts of interest, according to Wharton.

BNY Mellon profit rises 11 percent in third quarter

Net income at the world's largest custody bank was $720 million, or 61 cents a share, compared with $651 million, or 53 cents a share, a year earlier.

JPMorgan's Investment Banking Pay Pool Is...

What does this tell us about 2012 bonuses?

Banks Temper Job Cutting After Surge in 2011 Reductions: Table

Personnel levels are stabilizing as analysts predict financial results will improve for the six largest U.S. lenders.

Trends and Developments in the Private World of Family Offices

Single family offices are keeping vast amounts of capital on the sidelines, both to be ready for future opportunities but also because they are looking for a safe haven.

Citi Profit Slides, but Core Businesses Show Strength

Revenue decreased to $19.4 billion from $20.83 billion a year ago.

Aberdeen Asset opens New York office

The New York office will serve as a business development and marketing center and complements Aberdeen’s North American headquarters in Philadelphia, as well as the company’s on-the-ground business development presence in Chicago, Miami, San F

Leading Swiss Private bank to slash 10,000 jobs

Swiss newspaper Tages-Anzeiger, citing internal documents, reported the bank plans to lay off almost a quarter of its 8,200 staffers in the IT department. It says that is likely to be followed by wider cuts, possibly affecting a fifth of the company'

Focus Adds Vestor to Wealth Management Partnership

Vestor's partnership went into effect on October 1, bringing Focus' total number of partner firms and affiliates to 24. This represents the fifth transaction for Focus this year.

Leading family office appoints new CEO

He was instrumental in implementing the firm's industry-leading open architecture strategy and has spearheaded several operational changes that have contributed to the success of both the firm and its clients.

Old Mutual Asset Management Selling off Five Affiliates

After a lengthy, two-year-long, transatlantic divorce process, Old Mutual Asset Management is selling off five more of its affiliates-- this time to their current senior management teams.

JP Morgan's profit rises 34%

Results topped Wall Street expectations.

Kanaly Trust to Enter Partnership with Lovell Minnick

Kanaly Trust has offered independent investment advice to its clients for over 35 years by combining financial planning, trust and estate services with a best-of-breed approach to outside manager selection.

Global household wealth falls 5.2% - Credit Suisse RESEARCH

The Credit Suisse Research Institute today released its third annual Global Wealth Report 2012, which finds that from mid-2011 to mid-2012 aggregate global household wealth fell by 5.2% in current dollar terms to USD 223 trillion due to the economic uncer

Wealthy Investors Give Lukewarm Ratings to Their Financial Advisors - RESEARCH

Despite a rising stock market which should be buoying investment performance and investor satisfaction, financial advisors are largely treading water with many wealthy investors, and worse, have lost significant ground with a key wealth segment, according

Wealth and Asset Management