12/08/2015
Almost Half of Barclays Advisors Left Before Stifel Closed on Deal
The firm did not disclose terms, underscoring the difficulty industry insiders have had judging whether the deal was worth it.
Wealth and Asset Management
12/08/2015
Wells Fargo Targeting Wealth Management Clients At Other Firms
Wells Fargo reached an agreement in October with Credit Suisse Group AG to get the inside track on recruiting the Zurich-based company’s private-bank employees.
12/08/2015
Getting Seriously Wealthy By Selling A Family Office
The key is doing a deal that is not a conventional sale of an accounting practice.
12/07/2015
View From the Top: The Durability of Wealth Management
James Gorman was looking to the future as well when he spearheaded Morgan Stanley’s acquisition
12/07/2015
Sovereign wealth funds withdraw $19B from asset managers
Sovereign wealth funds in the Gulf have been pulling money out of asset managers at the fastest rate on record as they rush to boost their economies following the collapse in the oil price.
12/07/2015
Scotiabank has launched its Scotia Wealth Management brand
Scotiabank says it made the move because it finds clients are demanding more comprehensive advice.
12/06/2015
Global Banks’ International Retrenchment Spells Boutique Opportunity
The specialized boutique model is simply a more effective enabler of advisors to provide superior client focus, advice and investment solutions.
12/06/2015
BTG Pactual pushes to sell credit portfolios
Joe Leahy in São Paulo and Martin Arnold and Patrick Jenkins in London
12/04/2015
First Republic Bank Announces Contract Extension
The Board approved an extension of Herbert's contract as full-time Chairman and CEO through Dec. 31, 2017.
12/04/2015
David Silfen, Goldman’s Former Equities Co-Head, Dies at 69
In his new role, Silfen was instrumental in building the firm’s equities derivatives business
12/04/2015
Stifel Completes Acquisition Of Barclays Wealth And Investment Management, Americas
Through the combination of the depth of Barclays’ franchise and the breadth of Stifel’s product offerings, we are creating a premier wealth management platform.
12/03/2015
Why a German billionaire says that pledges like Mark Zuckerberg’s are really bad
Private spending on social welfare in the United States is four times the average in advanced economies
12/03/2015
Super-wealthy could get their own social network, courtesy of Credit Suisse
In October, the Swiss-based bank said that it would close its U.S.-based private equity operations
12/03/2015
Raymond James to Acquire the US Private Client Services Unit of Deutsche Asset and Wealth Management
“Consistent with our growth strategy, this well-respected unit meets our highly selective parameters for cultural and strategic fit, ability to integrate and value,” said Raymond James CEO Paul C. Reilly. “
12/03/2015
Canada's banking bet on the world's 1%: Don Pittis
Whether they realize it or not, Canadian pensioners are taking a stake in the world's rich
12/02/2015
Morgan Stanley is pulling a surprise move -- and Wall Street loves it
Few investors expected the firm to aggressively restructure its FICC division, according to Hawken.
12/02/2015
Northern Trust Enhances Global Brokerage Capabilities
Strengthens global trading and transition management services
12/02/2015
U.S. High Net Worth Individual Wealth Grew by More Than a Trillion Dollars in 2014
Millennials Signal Disruption for U.S. Wealth Industry With Greater Demand for Automated Robo-Advisors
12/01/2015
U.S. Bancorp Turns to Robos to Boost Wealth-Management Assets
U.S. Bancorp’s wealth-management unit has dragged behind its competitors.
12/01/2015
Administration of Trusts And Estates in the Digital Age
The Revised UFADAA provides a compromise solution between fiduciaries and internet service providers