09/21/2014
RBC Wealth Management closes Miami operation, 155 lose jobs
RBC Wealth Management has closed its international private bank branch in Miami, leading to dozens of layoffs.
09/21/2014
How to Service the Mass Affluent while Remaining Profitable
Financial firms are faced with the challenge of not only targeting top-tier wealth, but also capturing the masses in order to remain profitable.
09/21/2014
Myth Busting Family Businesses - KPMG
When most people think of a “family business”, their mind instantly turns to some version of a little corner shop, most likely run by a husband and wife. If not that, as there are famous examples of very successful family businesses, then most
09/19/2014
The StreamSong professionals have a distinguished track record advising wealthy families and individuals, especially business owners that have engaged in selling their businesses and other clients that have undertaken significant wealth transfers.
09/18/2014
Dick Bove says too much liquidity in the financial system is forcing banks Into wealth management
09/18/2014
Washington Wealth Hits $1B AUM With Latest Grab From RBC
Washington Wealth Management now has $1 billion in assets under management after luring two former RBC Wealth Management advisors with $220 million in AUM to its hybrid platform.
09/15/2014
When their nest is empty but the nest egg looks large, clients often get an urge to make big gifts of money to their children.
09/15/2014
These new portfolios Investing with Impact Balanced and Investing with Impact Equity will provide Morgan Stanley Wealth Management clients the opportunity to effectively align their financial goals with their personal values.
09/12/2014
Technology is getting smarter, faster. Are you? Experts including the authors of The Second Machine Age, Erik Brynjolfsson and Andrew McAfee, examine the impact that “thinking” machines may have on top-management roles.
09/12/2014
Americans living abroad are being cut off by banks and brokerages as financial institutions seek to steer clear of a U.S. crackdown on money laundering and tax evasion.
09/11/2014
Some Swiss banks are banking on American angst to boost their business
Swiss Banks Pitch Neutrality to Lure Wealthy U.S. Clients
09/11/2014
A group of 11 family offices has committed to invest $300 million in clean energy, infrastructure, agriculture and water.
09/10/2014
Nobody said it would be easy to build up a multifamily office, much less one with national aspirations, as the Forbes Family Trust is finding out -- the hard way.
09/10/2014
An extension also must acknowledge that certain essential broker functions could not survive under the same fiduciary standard that governs investment advisors, adds Taft on a conference call with reporters this week.
09/10/2014
A generation or two ago, for example, people focused on trying to pay off their mortgages as quickly as possible.
09/10/2014
Eleven brokers from UBS and Merrill Lynch joined Wells Fargo in California
09/08/2014
Money isn’t the only thing passed down ultra-wealthy inheritors (net worth = US$100 million or more). They like everyone else learn a lot from their elders.
09/08/2014
Cheryl Shuman likes to be called "the Martha Stewart of marijuana."
09/08/2014
The widening gap between America's wealthiest and its middle and lower classes is "unsustainable", but is unlikely to improve any time soon
09/05/2014
No more secrets - Swiss banks learn to shape up, not shut up
The key paradigm shift is that, in the old days, Swiss private banking imported clients