05/05/2014
Suisse execs clashed
Disagreement at senior levels
Wealth and Asset Management
05/05/2014
Ares Falls in Debut After First Private-Equity IPO Since ’12
Los Angeles-based Ares touted a model that’s more focused on predictable management fees than its peers, which derive a greater percentage of revenue from investment profits.
05/04/2014
Ameriprise Financial Reports First Quarter 2014 Results
Ameriprise Financial, Inc. reported first quarter 2014 net income of $401 million, or $2.01 per diluted share. In a release on April 28, the Company noted that operating earnings were $407 million, up 20 percent from a year ago, with operating earnings pe
05/03/2014
Melville Straus, Money Manager With Passion for Arts, Dies at 75
He was chairman of the American Ballet Theatre from 1982 to 1990, treasurer-secretary of Independent Curators International and served as a member of the Contemporary Arts Council of the Museum of Modern Art.
05/02/2014
YOUR PRACTICE- Why financial advisers should choose a niche
The higher the net worth of the clients served, the more critical specialization is. BofA's U.S. Trust unit, for example, requires private bankers to "choose a major" to help attract ultra high net worth clients.
05/02/2014
US-based wealth management giant closes financial planning division in India
The spokesperson clarified that only the financial planning arm of the company was being shut down
05/01/2014
UBS Wealth Management Americas Introduces Innovative Educational Portal for Equity Compensation Plan Participants
UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide
05/01/2014
Bryn Mawr Wealth Assets Reach $7.4 Billion
We were pleased to see the continued increase in our quarterly earnings
05/01/2014
DZH Phillips Wealth Management launches
Collaboration with CPA-based financial advisory firm deepens its holistic approach to wealth management
05/01/2014
One of the most significant, but largely unnoticed changes occurring in the wealth management industry right now...
Charles Schwab, is in the early stages of creating an owner-operator model for some of its branches.
04/30/2014
RCS Capital Corporation Completes Acquisition of Cetera Financial Group
$1.15 Billion Transaction Establishes RCS Capital as the Second Largest Independent Financial Advisor Network in America
04/29/2014
RBC wealth focuses on adviser growth, not acquisitions
RBC said it has 19 percent of the market share in Canada's coveted high net worth segment
04/29/2014
Assets Rise But Profits Fall at State Street
The company recently said it would make 400 layoffs this year
04/29/2014
Advisors’ Confidence Remains Flat
Financial advisors’ overall confidence remained relatively flat overall in April, while increased optimism in the current state of the economy was offset by a weakening conviction in the near-term future of the stock market.
04/28/2014
Saving the family fortune: Evercore manager spells it out
We are locking down as much as we can
04/25/2014
Wharton Executive Education’s New Online Educational Series for Financial Advisors
Today’s financial advisor faces myriad challenges.
04/25/2014
Toronto-based bank seeks to boost earnings from wealth management
The bank's retail brokerage, asset management and private wealth management businesses generated $392 million in adjusted earnings last year, or 11 per cent of the bank's total adjusted profits.
04/24/2014
Raymond James Private Client Group Reports Record Revenues
Raymond James has been making a strong recruiting push
04/24/2014
Goldman buys Westpeak in drive for 'smart beta' assets
Goldman bulking up asset management unit, partly by strengthening its quantitative product offerings
04/24/2014
Nashville wealth management startup raises $3 million from investors
Wealth Access, a wealth management platform designed for financial advisers and high-net-worth clients, announced Wednesday that it had raised more than $3 million in a financing round.