01/22/2012
This change reflects two fundamental alterations of basic regulatory philosophy: a determination that advisers to such funds must register with the Securities and Exchange Commission (the “SEC”) unless covered by a specific exemption from regi
01/22/2012
Hedge funds typically promise investors that they will return to their highest levels after a fall before they can resume charging performance fees, which typically amount to about 20 percent of all gains.
01/22/2012
Overall, the report found that the total number of billionaires around the world has increased from 1,100 in 2007 to 1,340 today.
01/22/2012
The survey, which was conducted in 2011, involved 40 single-family offices in the U.S. and Europe whose median asset size was $534 million.
01/22/2012
The survey, which was conducted in 2011, involved 40 single-family offices in the U.S. and Europe whose median asset size was $534 million.
01/20/2012
The crisis of 2008 and the economic recession following it affected the perception investors have about wealth managers and financial services providers, leading to lower levels of trust. Therefore firms have to be more proactive and dynamic with their cu
01/20/2012
The Global Wealth Management Group reported $244 million in pre-tax income for the fourth quarter, down 37% from the $390 million the firm earned in the fourth quarter of 2010. At the same time, its pre-tax income of $1.3 billion for all of 2011 represent
01/20/2012
The New York office will be primarily a local contact point enabling the firm to better facilitate its North American clients and business partners.
01/19/2012
That's according to a survey of 40 single family offices in the U.S. and Europe conducted in 2011 by Cambridge Associates, the global provider of independent investment advice and research to institutional and private investors.
01/19/2012
The Future For Ex-Bank of America Exec Sallie Krawcheck
In a conversation on the state of the financial industry and global leadership today, Krawcheck shared with her usual humor that she’s “had the most dramatic career” of anyone she knows. With her high-profile departures from both Citi an
01/19/2012
This year, 1st Global partner firms were inspired to discover their next act by world-class speakers. Michael E. Gerber, author of multiple E-Myth books, challenged everyone to start working ON their business not simply IN it. Diana Nyad spoke of her dete
01/19/2012
Raymond James Financial now owns 100% of UK subsidiary Raymond James Investment Services (RJIS) following the acquisition of Killik & Co’s 25% stake in the UK private client wealth management business.
01/18/2012
Even so the diversified banking and financial services firm, which operates more than 6,000 retail branches, said net income in those businesses increased significantly.
01/17/2012
New Survey Reveals That Over 90 Percent of Ultra-Wealthy Families View Access to Emergency Medical Care as a Top Priority
01/17/2012
As an extension of Cornerstone's nearly three decades of work with ultra high net worth individuals and families, RISE unites the firm's investment strategy expertise and insights into donor expectations to bring comprehensive services to privat
01/17/2012
Pioneering Survey of 3,300 HNWs Concludes Redefining the Wealth Management Customer Journey Is Now Critical to Success
01/16/2012
Bank of America says it wants to rethink how it advertises to consumers taking note of the huge shifts in the economy — and its own fortunes — since 2005, the last time it reviewed its ad assignments.
01/16/2012
Switzerland has already agreed to allow tax evasion investigations with countries including the United States and Germany, and struck deals with Germany and Britain to enable them to claw taxes back from their nationals.
01/16/2012
“While our preference is generally organic growth, we have used strategic mergers to grow throughout our history when the timing and pricing are right and, most importantly, when there is a strong cultural fit and clear path for integration,”
01/13/2012
RIAs and family office advisors who download it from Apple’s App Store can customize their preferences to view clients’ accounts and orders, access stock quotes and analysis and view and filter alerts before or during client visits on their iP