Managers of Wealth Americas

Washington Trust posts solid first-quarter results

The loan loss provision charged to earnings in the first quarter of 2012 was $900 thousand, the lowest quarterly provision since the first quarter of 2008.

Ameriprise Posts Mixed Results, Raises Advisor Headcount

The number of Ameriprise Financial advisors rose slightly to 9,744 as of March 31, from 9,730 as of Dec. 31, 2011, and 9,653 as of March 31, 2011. Assets under management in the Advice & Wealth Management Unit were $334 billion in Q1’12 vs. $315

Fairhills Group Rounds Out Management Team

Fairhills Group is a New York-based alternative asset management firm originally founded as the family office of Mr. Edward Bronson, a veteran principal investor and former telecom entrepreneur.

Brown Advisory acquires stake in New York hedge fund

Brown Advisory has purchased a minority stake in a hedge fund manager with New York and London offices.

Qatari wealth fund adds 5% Tiffany stake

Qatar’s sovereign wealth fund has made its first big investment in a US public company by acquiring a 5.2 per cent stake in Tiffany, the jewellery retailer known for its diamond rings and blue, ribboned boxes.

Morgan Stanley Boosts Investment Bank’s Compensation Pool 10%

Morgan Stanley set aside $2.11 billion to pay employees at its investment-banking division in the first quarter, 10 percent more than a year earlier.

Northern Trust gains hedge fund traction

It said that in the past seven months, Northern Trust Hedge Fund Services (NTHFS) had secured 22 client wins on four continents.

Debut Issue of Philanthropy Management: Do Entrepreneurs Make Effective Philanthropists?

For these reasons, Philanthropy Management suggests that wealth consultants and other advisors manage the expectations of entrepreneurs who are making their first serious forays into philanthropy.

US subsidiary of leading French bank launches mortgage service for wealthy clients

In addition to the creation of the private mortgage banking team, the bank continues its investments in its wealth management service model and capabilities, including the opening of additional dedicated wealth management client centers.

Special Report: Tax time pushes some Americans to take a hike

Last year, almost 1,800 people followed Superman's lead, renouncing their U.S. citizenship or handing in their Green Cards.

What Rich People Fear Most

Few Americans know what it is like to have one million dollars a year to their name.

Citigroup shareholders reject CEO pay

The shareholder vote, mandated by the "say on pay" legislation under the Dodd-Frank Act, was taken at the firm's annual meeting in Dallas.

State Street hit by rising cost of employees

STATE Street said yesterday that first-quarter profit fell 11 per cent as compensation and other employee benefits surged at nearly three times the pace of operating revenue.

First Midwest Bank Forms Wealth Management Division

First Midwest Bank has announced that it has formed a new Wealth Management Division as part of the bank's strategic organizational realignment.

80pc of wealth firms to invest in operational infrastructure in 2013

Wealth Managers View Creating Efficiencies a Vital Part of Operational Philosophy

US wealth management firm to go private

The proposed transaction is expected to close in the third quarter of 2012.

U.S. Senate Rejects Obama’s Wealth Tax Proposal

The U.S. Senate has blocked President Barack Obama’s proposal to raise tax rate on those who earn more than $1 million a year.

Estate of the art

According to the Mei Moses World All Art index, investment grade art grew in value by 10.2 per cent in 2011, outperforming both the S&P 500 and the FTSE All Share total return indexes.

Wealth Management Veterans Launch Snowden Capital Advisors

Former Merrill Lynch Wealth Management Leaders Launch Hybrid RIA Firm to Provide Client-Focused Advice and Investment Solutions

Despite Efforts, Wirehouses Losing HNW Clients

In recent years, the wirehouses have made a concerted effort to court the HNW market.

Wealth and Asset Management