10/11/2012
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.
Wealth and Asset Management
10/11/2012
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.
10/11/2012
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.
10/11/2012
JP Morgan's profit rises 34%
Results topped Wall Street expectations.
10/09/2012
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.
10/09/2012
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
10/09/2012
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
10/07/2012
Shareholder activism changing corporate approach to Executive Remuneration
The consultancy, which advises Remuneration Committees on Executive Pay issues, has identified it as the single biggest executive remuneration trend in 2012.
10/04/2012
Estancia Buys Stake In Wealth Manager
The firm will continue to operate independently and under the leadership of the existing management team.
10/04/2012
Almost a third of Family Office time spent on accounting and reporting
The report titled "Financial Reporting in the Family Office: Elevating the Conversation" was developed by FOX in conjunction with Advent Software
10/04/2012
U.S. broker defections shift $86 billion in assets in 2012
Some veteran advisers say they feel less tied to their firms after they were swallowed up by big banks and other Wall Street nameplates.
10/04/2012
Threshold Group launches new wealth management offering
Designed for Private Families in the $5-50 Million Wealth Bracket
10/04/2012
BNY Mellon Expands Services Relationship with Touchstone
Mandate Includes Mutual Fund Accounting and Administration, Transfer Agency and Blue Sky Services
10/04/2012
Morgan Stanley: 'We have too many overpaid bankers'
The comments from Mr Gorman comes on the eve of third-quarter results from Wall Street which are expected to underline the pressures revenues at banks remain under.
10/04/2012
Benefits of Multidiscipline Practices to Clients and Advisors - RESEARCH
NFP Advisor Services Group has published the results of a study identifying the benefits of multidiscipline practices (MDP) to clients and advisors, and exploring the unique obstacles that these practices must overcome to achieve success.
10/03/2012
TIAA-CREF Trust Company Selects Citi’s award-winning wealth management solution
Citi’s OpenWealth delivers a full suite of wealth management investment services solutions.
10/03/2012
Wall Street banks should quit New York to escape hostility
Wall Street banks should quit New York because the state has "made war" on the financial services industry for the last decade, an analyst has argued.
10/03/2012
Business from Ultra Wealthy Asian Clients Grows at Citi
Increasing wealth in Asia has lifted the fortunes of Citi Private Bank's fledgling North America Asian Clients Group.
10/03/2012
Super Rich More Likely To Live In Blue States: Wealth-X
The states with the most multimillionaires have strong political preferences.
10/03/2012
Fiera acquires SG Private Banking subsidiary
The acquisition, which is expected to be immediately accretive to earnings, solidifies Fiera's position as one of Canada's fastest growing investment managers, with assets under management of $55 billion.