Managers of Wealth Americas

LPL Nabs $560M Team

LPL Financial announced that it has lured The Botsford Group, a regional advisory firm, to its wealth management platform, the company announced.

Facebook Co-Founder Saverin Gives Up U.S. Citizenship Before IPO

Facebook plans to raise as much as $11.8 billion through the IPO, the biggest in history for an Internet company.

Family Office Exchange Expands Its Audience

New FOX Wealth Center website offers non-members access to proprietary FOX research for the first time

Vestra Wealth to launch DFM aimed at IFAs' US clients

Vestra’s new service will be available to IFAs to outsource to once permission comes through from the US regulator, the US Securities and Exchange Commission.

Sun Life CEO sees fit with ING's Asian assets

ING said in January it plans to sell its Asian insurance and investment businesses.

Broker LPL venturing into little-loved mass market

LPL's new venture is in the early stages of development, but the Boston-based company says it will hire and train a network of self-employed advisers to offer investment advice to mass market consumers, defined by Cerulli Associates as those with les

The Wealthy Are Saving Much More Than They Are Spending

The study of 1,268 affluent and wealthy consumers tracks the attitudes, lifestyles, luxury category spending patterns and financial services participation in this demographic. Among its findings:

Credit Suisse makes senior management changes

Credit Suisse today ( May 11) announced the following changes to its Executive Board, effective May 31, 2012.

Top 21pc of bankers make up 46pc of Merrill's earnings

Nearly 46 per cent of the revenue received by Merrill Lynch's Global Wealth Management unit last year came from just 21 per cent of its top-producing brokers, about 2,500 people, according to copies of the reports reviewed by Reuters.

SunTrust in talks to sell RidgeWorth

RidgeWorth has $48.6 billion (30.11 billion pounds) in assets under management, according to the firm's Web site.

Stifel Global Wealth Management division reports strong first-quarter

Stifel Financial Corp.'s first quarter profit increased 11 percent in the first quarter.

Managers advised to downshift their focus to ‘core millionaires’

The report says that – to capture pre-financial crisis levels – private banks need to expand their focus beyond the ultra-wealthy clients to serve so-called “core millionaires”, who are expected to generate 80 per cent of net new r

Tax Evasion Still Rampant Despite International Crackdown: Study

This is after a slew of international treaties and other aims to prevent the super-rich from stashing their wealth in other countries to avoid paying taxes on it.

Warren Buffett Calls for 90% Billionaire Wealth Tax (Satire)

Buffett and Munger have avoided paying taxes by keeping much of their wealth tied up in unsold Berkshire Hathaway shares that have risen in value and made them wealthy men.

Blockbuster bank deals thing of the past, RBC head says

The days of the blockbuster deal in the banking sector are over.

EverBank unveils wealth company

The institutional-level approach also connects individual investors to a wider variety of sophisticated products and investment opportunities.

Baird To Continue Wealth Management Expansion

Baird’s financial advisor force totals almost 700 following the hiring of more than 250 financial advisors and branch managers since 2009.

Swiss private bank appoints new head for unit advising US clients

He joins from ABN Amro, where he headed up the research unit for the Asia-Pacific region, and its investment advisory activities.

Credit Suisse Continues Americas Buildup, Plans More Office Openings Article Comments

Credit Suisse Group AG's Private Banking Americas unit is on track to boost its relationship manager headcount by roughly 20% over the next three to four years and is weighing new office openings in the U.S. as part of a continuing push to capture mo

Capgemini and RBC Wealth Management to Partner on Leading Annual World Wealth Reports

The annual World Wealth Report and the Asia-Pacific Wealth Report are the global benchmarks for tracking HNWIs and cover HNWI market sizing with a review of global economic drivers, HNWI investing behaviors and asset performance trends. The reports are su

Wealth and Asset Management