02/28/2012
Management Buyout For Wells Fargo Hedge Fund
Wells Fargo will keep a minority stake in the $2.2 billion hedge fund, set up two years ago to house a proprietary trading group.
02/28/2012
Deutsche Bank is entering exclusive talks with U.S. money manager Guggenheim Partners to sell the German lender’s asset-management divisions, said two people with knowledge of the matter.
02/27/2012
Expats Lobby For Tax on Residence, Not Worldwide Income
In fact, dual citizens of the U.S. and Canada seem positively outraged. See Oh Canada! Hating FBARs And FATCA.
02/26/2012
The evaluation process assesses 20 categories of practice management, which include areas such as customer service, risk/investment planning philosophy, credentials, team dynamics, fee/cost structure, and average AUM per client among other areas.
02/26/2012
Redrock Wealth launches fixed fee investment advisor service
The Portfolio Architect services range from a “fresh start” risk profiling and asset allocation analysis, to a complete investment portfolio review and fiduciary analytical service. Core services incorporate specific no-load mutual fund and ET
02/26/2012
Asset management firm loses largest customer
She would not comment on the reason for Manulife’s decision. Nor would she reveal the precise financial impact losing the client has on the 30-year-old firm that handles Matrix’s institutional and high-yield client base.
02/24/2012
Crescent Wealth partners with US fund manager
Australian Islamic fund manager Crescent Wealth has partnered with US Islamic fund manager Saturna Capital to manage its soon to be launched international equity fund.
02/24/2012
Chinese Millionaires Are Immigrating To The US In Huge Numbers
Ever since Deng Xiaoping opened Chinese doors to the world decades ago, the US has forged an important, if sometimes politically contentious, business relationship with China.
02/24/2012
Canada’s biggest bank might be getting even bigger
RBC said to be close to Dexia venture buyout
02/23/2012
Luxury Home Values Stable in Fourth Quarter of 2011
First Republic Bank produces the Prestige Home Index each quarter with Fiserv CSW Inc., a leading provider of automated property valuation services and home price metrics to U.S. financial institutions.
02/23/2012
BNP Paribas CIB sells North American reserve based lending business
This transaction comprises $9.5 billion of total loan commitments, including $3.9 billion in funded balances as of December 31, 2011. All of the 36 people currently working in this business in Houston and Calgary will be offered employment at Wells Fargo.
02/23/2012
Morgan Stanley veterans plan advisory boutique
The new boutique – Dean Bradley Osborne or DBO Partners – plans to hire aggressively, not only from Morgan Stanley but from other Wall Street banks
02/23/2012
AXA Advisors Awards top honor to 100-year-old agent
These honors recognize leadership, sales performance and service. He is also a life member of the Million Dollar Round Table, an international association of leading financial professionals recognized as the standard of excellence in the life insurance in
02/23/2012
MPACT Financial Establishes Itself as an Independent Wealth Management Company in Dallas
MPACT helps individuals, families and business owners manage risk in all phases of investing with an exclusive focus on Retirement Strategies, Estate Conservation and Business Succession Strategies.
02/22/2012
HSBC To Overhaul UK Bonuses
HSBC, which will report its full-year results for 2011 next Monday, is to issue tens of millions of pounds in new shares to cover any bonuses of more than £50,000 awarded to UK-based employees, people close to the bank tell me.
02/22/2012
Chastened UBS uses 150th events to polish image
The bank has been back in the headlines for the wrong reasons this month after it posted poor results for the last three months of 2011 and over its involvement in a global inquiry into a conspiracy to manipulate interbank lending rates.
02/22/2012
Dominique Strauss-Kahn questioned as 'pimp' suspect
The 62-year-old ex-Socialist minister was seen as the frontrunner to replace Nicolas Sarkozy as president of France until his arrest last May on rape charges on a New York maid – later dropped.
02/22/2012
Focused on the financial, operational and strategic services that support sustainable giving - the 'how' of modern philanthropy
02/22/2012
Cayman takes aim at Bermuda
Last night, Premier Paula Cox responded to his comments by stating that Bermuda was known as the risk capital of the world and was working to extend its lead while Cayman was trying to close the gap.
02/22/2012
Bank of America Merrill Lynch Wealth Management unit has tweaked its recruiting deal to attract financial advisers from competitors, offering bigger upfront cash payments as well as an extra client-asset incentive to a larger pool of top-tier brokers, acc