Managers of Wealth Americas

Legg Mason reports AUM for Dec

Legg Mason, Inc. reported preliminary assets under management of $627 billion as of December 31, 2011.

IRS Extends Amnesty for Taxpayers with Unreported Offshore Accounts

Tax attorney Brian Mahany said the amnesty program offers another opportunity for people with unreported foreign income or accounts to avoid jail and high penalties. "The IRS has been relentless in recent months about finding people who failed to rep

First Citizens Asset goes international

FCAM’s GM also said investors should be taking advantage of the current economic woes abroad to invest in companies that will surely increase in value once the global economy improves.

Wall Street Bankers Quitting To Start Their Own Businesses

From 2008 to 2011, national employment in the financial services industry fell by 7.3 percent

IAS signs up another high-profile firm

Through three offices located in Las Vegas, San Diego and Phoenix, Miller/Russell supports over $1 billion in assets under management (AUM).

US wealth advisory group expands in New York

The move marks the firm's second expansion in New York, and signals its emergence as a significant force in the country's largest and wealthiest city. In May 2011, Fieldpoint Private announced its acquisition of Analytic Asset Management, a Manh

FolioDynamix continues innovation in wealth mgmt technology

The new release features enhanced business process management workflows, wealth monitoring and management dashboards, and complete integration to the FDx Connect model exchange hub for seamless access to research and third-party money managers.

Envestnet adds to its liquid alternatives program

Envestnet's Liquid Alternatives Program is designed to help advisors identify high-performing liquid alternative strategies, including exchange-traded funds (ETFs), while providing guidance in utilizing these portfolios.

Raymond James boosts wealth management business with acquisition

The combined businesses of Raymond James and Morgan Keegan will create one of the country’s largest full-service wealth management and investment banking firms not headquartered on Wall Street.

Genworth sells tax and accounting advisor unit

With the sale of GFIS, Genworth will focus on its core turnkey asset management businesses within Genworth Financial Wealth Management.

Ex-Soros trader’s hedge fund said to return outside money

The company plans to give investors more details this week, said the people, who asked not to be identified.

The Neverending MF Global Story: Regulators Block The Truth

Bob English, an independent trader and contributing editor to the blog, Economic Policy Journal, published a post this morning that raises serious questions about the Securities and Exchange Commission’s program of regulation for broker/dealers and,

John Hancock launches new fund

The new fund will be offered both as a stand-alone member of the John Hancock family of retail funds, and will also be a component of the John Hancock Alternative Asset Allocation (JAAAX) fund as well as several of the John Hancock Lifestyle funds.

Brown Advisory launches new equity income fund

Focused on delivering current income and dividend growth through investments in high-quality companies, the Fund invests at least 80% of the value of its net assets in a diversified portfolio of equity securities.

When Billionaire Tax Deals Go Bad

Although Anschutz received about $374 million, he argued they were pending deals not final sales. That meant tax deferral was appropriate, he argued.

Cedar Brook Financial announces major expansion

Founded by Gregg Fortune, CFP(R), CFS, AEP, The Professional Advisor Group is an independent wealth management firm that forms strategic alliances with CPAs, attorneys, and other professionals to provide its clients with comprehensive life services. Their

18th-century penny fetches $1m at auction

The copper coin, minted in the first year the US produced its own coins, sold at the Florida United Numismatists coin show and annual convention.

New year, new hope, old problems - Coutts & Co

As we embark on the year ahead, there are a number of hurdles still to overcome. Most notable is the euro-zone debt crisis which, though off the front page for the time being, remains largely unresolved. However, with economic data in the US and emergin

Butterfield names Executive Chairman designate

He was previously Chief Executive Officer, HSBC North America

Banks brace for backlash as bonus season arrives

But announcements of more than 125,000 job cuts last year mean bankers will find it harder to use their traditional excuse that they need to pay out big bonuses to retain top talent.

Wealth and Asset Management