Managers of Wealth Americas

Triad Financial Advisors merges with Independent Wealth Management

Triad Financial ranks No. 15 on The Business Journal's Largest Financial Planning Firms list. It has had 24 employees overall, including four certified financial planners.

Swiss private bank close to deal to buy Merrill Lynch's Non US wealth units

A full announcement is expected on August 13th.

The Wealth Manager for Rich Geeks

Financial advice is a tricky sell in the Valley. The place is full of Ph.D.s with problem-solving skills, an unusually strong aversion to fees, and no clue what to do with their money.

Wharton and IPI Formalize Network to Educate Wealthy Investors

The dinner meetings will be held three times a year, Wharton and IPI said in a statement. After the New York dinner, the next gathering will take place in March in San Francisco.

UBS, State St discussed asset managemt merger

It is unclear why the discussions fell through, although one of the sources said he believed it was because the two companies could not agree on pricing and succession.

The Private Bank of California Reports Second Quarter 2012 Results

Year-to-date 2012 net interest income totaled $8.7 million, a 21% increase over the prior year.

Canaccord Wealth Management reports $7.3 million loss

Canaccord Wealth Management generated $37.6 million in revenue and, after expense allocations, recorded a net loss of $7.3 million before taxes in Q1/13

Morgan Stanley 'could close offices and cut staff'

Morgan Stanley has told investors its wealth management business, weighed down by an expensive merger integration and a tough market environment, can deliver mid-teens pre-tax profit margins.

Richest Family Offices Seeing Fastest Growth as Firms Oust Banks

The assets that FMP supervises grew 30 percent to $2.6 billion as of Dec. 31, just behind Signature, a Norfolk, Virginia-based family office that expanded 36 percent in 2011 to $3.6 billion.

Monarch Bank to launch private banking unit

He joins Monarch with over 28 years of banking and investment experience.

Wall Street bankers face severe pay cuts

Wall Street bankers look set to be hit by severe pay cuts this year as the industry's heavyweights come under pressure to axe costs, recruiters have warned.

CIBC buys private wealth management firm

The business manages some $1.4 billion in assets for high net worth individuals families, endowments and foundations.

Active investor champions unlimited partnerships

Your humble correspondent’s mind drifts back to December when Magne Orgland, head of asset management at Wegelin & Co, sat in the same room telling the very same story.

Charles M. Bliss, former chairman and CEO of Harris Bank, dies at 90

Harris' vaunted bond portfolio was vulnerable because the bank had expected long-term interest rates to subside before they eventually did.

Global Asset Management Profit Margins at Risk - Research

According to a new industry analysis surveying 96 money managers worldwide that oversee approximately $21 trillion in assets, profit margins since the financial crisis have been managed by controlling compensation and benefits expense.

Young Investors’ Assets and Loyalty Up for Grabs by Wealth Managers

Online capabilities crucial to younger generations, Aite Group study finds

Wealthy Foreigners Lured by U.S. Based Private "Edge" Banks

Banco Santander operates an “Edge Act” bank based in Miami that provides private banking services exclusively to wealthy foreigners, primarily Latinos.

Billionaire Hedge Fund Manager Returns $2B To Investors, Blames Merkel

The Times notes that by giving back $2 billion Bacon is losing revenue and potential performance fees if the remaining investments do well.

BMO Financial Group Merges Harris Bank and M&I Bank's Financial Advisor Networks

Newly formed group will include a network of 230 professionals serving clients in 11 states

Hewins Financial Launches Key Access Services

Key Access Services focuses on clients who do not yet require complex financial planning or tax management services, but would like to take advantage of optimized, low-cost, and tax-efficient investment models.

Wealth and Asset Management