01/03/2013
Oldest private Swiss bank to close after guilty plea
The plea, in U.S. District Court in Manhattan, marks the death knell for one of Switzerland's most storied banks, whose original European clients pre-date the American Revolution.
Wealth and Asset Management
01/02/2013
The rich got richer again, according to billionaire index
Last year was a great one for the world’s billionaires
01/01/2013
Evercore completes acquisition San Francisco-based wealth management firm
Terms of the deal, first announced in early November, were not released.
12/30/2012
Pictet & Rothschild Group to acquire Duff & Phelps
Duff & Phelps has announced that it has entered into a definitive merger agreement under which a consortium comprising controlled affiliates of or funds managed by The Carlyle Group, Stone Point Capital, Pictet & Cie and Edmond de Rothschild Group
12/27/2012
Affluent investor nvestments more cautious - RESEARCH
More Millionaires said in December that they planned to “Not Invest,” which gained 6.3 points to 32.7, a six-month high.
12/26/2012
Raymond James Invests in a $3B Asset Manager
Eagle completed the buyout of minority shareholders in ClariVest
12/26/2012
Wealthy Americans Identify Top National Priorities - RESEARCH
Study Also Finds Planning for Tax Changes Related to Net Worth
12/23/2012
Deduction Uncertainty Fuels Giving by the Wealthy
They think rates will rise next year, but the charitable deduction will be fully available.
12/22/2012
Investing in the recovery in US residential property - Coutts
We are looking for opportunities to participate directly in US residential property for both rental income and capital appreciation.
12/22/2012
How Will Millionaires Invest in 2013?
Millionaires will be tweaking their investment portfolios in the coming year
12/22/2012
Wealth of bank jobs
The hiring focus now is on the back-office compliance staff to rein in the risk takers
12/22/2012
Bank of America CEO blocks pay cut for Merrill brokers
He personally blocked a cost-cutting proposal that would have cut the main component of most brokers’ pay for 2013, Bloomberg reports.
12/20/2012
A Tale of Two Riches: Comparing U.S. and Chinese Wealth, in Charts
Wealthy Chinese are, on average, 16 years younger than their American counterparts.
12/18/2012
Rich Chinese Flee, Bringing Their Wealth With Them
Most countries worry about brain drain. China is worried about millionaire drain
12/18/2012
Manulife Launches New Investment Program for Affluent Investors
We are committed to helping advisors become the advisor of choice to their affluent clients
12/17/2012
Atlantic Trust opens Delaware office
"I'm very pleased to announce the opening of our new office in Delaware," said Jack Markwalter
12/17/2012
Schroders hits US acquisition trail
The transaction is expected to be completed in the first quarter of 2013.
12/16/2012
Target Tomorrow's Star Brokers, Not Yesterday's
According to PriceMetrix Inc., a Toronto-based company that advises U.S. and Canadian brokerage firms, the recruiting criteria that companies typically use could tilt them toward advisers whose best years are behind them.
12/14/2012
Wells Fargo Tweaks 2013 Comp Program for Brokers
The wirehouse broker-dealer adjusts one payout level and adds a bonus focused on client acquisitions
12/12/2012
Liechtenstein private bank buys Clerestory, moves into real estate
Aiming to offer clients greater access to real estate expertise and investments, the new firm comprises the group's first major step into real estate investment, managing $25bn AUM on behalf of over 300 institutional clients.