01/04/2012
Ariel launches first international fund
Based in New York, Bhansali joined Ariel last October as chief investment officer of international equities. She reports to Ariel founder and Chief Executive John Rogers.
Wealth and Asset Management
01/04/2012
A Fresh Look at Risk and How It Matters to Advisors, Clients
Even if policy makers in Europe solve the debt crisis swiftly and their U.S. counterparts come to agreement on how to handle this country's own debt woes, Wall Street expects markets will continue to gyrate unpredictably. After the last few years, ma
01/04/2012
LPL Expands RIA Presence With Fortigent Acquisition
LPL, which has 12,800 financial advisors, has made no secret of its strategy to build up its RIA business
01/03/2012
Big Bank CEOs Walk Away With Big Bucks in 2011
Banks may have been the hardest hit this year in the stock market, but the CEOs who run them are doing just fine.
01/03/2012
Tax Gift To The Rich
The average tax rate for the 400 wealthiest Americans was 29.3 percent in 1993, but dropped to 18.1 percent in 2008, according to the latest IRS statistics.
01/03/2012
Wealth gap evident on Capitol Hill Another pension perk
We don't begrudge anyone money he has worked for, but there is evidence some members of Congress have used their position for personal gain. There have been recent disclosures of use of inside information to trade on Wall Street - a practice that, in
12/30/2011
Morgan Stanley Smith Barney Wealth Management Team in Memphis Joins Williams Financial Group
The Kinney-Coe Group becomes Dominion Partners, LLC-An Independent Wealth Management Company.
12/28/2011
Guggenheim Partners seals Madison Avenue deal
Guggenheim Partners, an investment firm that grew from administering the vast private wealth of the Guggenheim family in the early 1900s to a multifaceted financial firm, has signed a large lease at 330 Madison Avenue for its New York headquarters, source
12/28/2011
Merrill Lynch explains reasons for blacklisting Nigerian clients
The bank which services its clients with a personal wealth profile of at least $250,000 of investible assets, will now service the embattled Nigerian clients through its Global Banking and Markets (GBAM) business, from its London , New York and Johannesbu
12/28/2011
Memo to hedge fund managers: It's a bad time to try to overachieve.
The Securities and Exchange Commission is cracking down on hedge fund fraud, and the first places they're looking are the firms that seem to be doing a little too well.
12/27/2011
Wealthy San Francisco hedge-fund manager behind NBA arena proposal
A wealthy San Francisco hedge-fund manager is the lead investor seeking to build a sports arena south of Safeco Field to lure an NBA basketball team back to Seattle, according to two sources briefed on the effort.
12/27/2011
Charity Begins at Home for American Billionaires
‘Tis the season for giving and family.
12/26/2011
Tiffany Replaces $400M Revolving Credit Line
Tiffany has obtained two new lines of credit to replace its existing $400 million revolving credit facility.
12/26/2011
Merrill’s 2012 Pay To Drive Advisers To Richer Clients
Merrill Lynch’s 2012 pay plan for advisers drives home an important message: focus on richer clients.
12/26/2011
Brevan Howard Paid 128.3 Million Pounds to Partners
Brevan Howard’s bearish view has been proven right this year, leading to a 12.6 percent gain for the Master fund in the 11 months through November.
12/26/2011
Harvard Billionaires
Did you know that the Ivy League university produces the most billionaires?
12/23/2011
Northern Trust names new tax strategist
A 26-year veteran in estate planning, tax law and fiduciary administration, was a partner at Chapman and Cutler LLP where she led the firm's Trusts and Estates Practice Group
12/20/2011
Manning Wealth Management expands team
Well known in Coronado for her passion in working with families, Jane has relationships with multi-generations and families in articulating financial goals as well as helping clients define their legacy planning and charitable intent,” Manning said.
12/19/2011
US wealth firm reaches 25-year milestone
Paragon Wealth Management, originally called The Center for Financial Excellence, celebrated 25 years of business this month.
12/16/2011
Top US firm to acquire Lehman's remaining equity interest
The terms of the transaction will generate approximately $1.5 billion in aggregate proceeds -- almost double what would have been generated by an offer received in 2008.