11/11/2013
BofA CEO Eyes Growth From Affluent Customers
Bank of America Corp. Chief Executive Brian Moynihan touted the bank's wealth management business, saying future growth would come in part from affluent customers in that unit.
Wealth and Asset Management
11/10/2013
Top Talent Still Scarce in Wealth Management
When it comes to high-level wealth management talent, it’s still a seller’s market.
11/06/2013
Canaccord Genuity Wealth Management generated $51.2 million in revenue in Q2
Canaccord Genuity Group Inc. reports second quarter fiscal 2014 results Excluding significant items, earned net income of $6.7 million during the quarter
11/06/2013
Gold miner sells fifth of its shares to wealth management firm
"This (deal) has allowed us to plan for 12 to 18 months, but in the long term it brings in a very solid investor with a long-term view," he said.
11/05/2013
Credit Suisse Said to Cut 50 Jobs in New York Fixed Income
Credit Suisse Group plans to eliminate about 50 jobs in its fixed-income department in New York
11/05/2013
RBC announces October sales results for RBC funds and PH&N
Sales results information is based on preliminary data from the Investment Funds Institute of Canada.
11/05/2013
Surevest Wealth Management Launches Platform for Recruitment
Surevest Wealth Management previously Surevest Capital Management—announces the answer for advisors seeking the balance of high value support services with the independence of managing their own practice.
11/05/2013
Swiss Private Bank Opens Philly Wealth Management site
The Swiss global financial services company, said Wednesday that it has opened a new private wealth management office dedicated to serving the firm’s ultra-high net worth clients
11/05/2013
DLJ Investment Partners to Spin Off from Credit Suisse
Credit Suisse today announced that it has reached an agreement to spin off the DLJ Investment Partners business, including the existing investment team led by Igor DaCosta and Charles Harper, to Portfolio Advisors, LLC.
11/04/2013
SAC Capital On Verge Of Family Office Conversion
US hedge fund SAC Capital has reached an agreement to plead guilty to criminal insider trading charges
11/04/2013
Wealthy Families Have "Blind Spot"
Tangible assets, such as fine art, wine, jewelry, antiques, sports memorabilia, classic cars and other valuables, have finally been recognized as an asset class in their own right.
11/04/2013
LPL Tops Breakaway Brokers' Bucket List
Nearly half of potential advisers on the move would choose LPL, up from 43% last year
11/03/2013
HSBC's profits surge 30% driven by Hong Kong and UK
The bank's home markets of the UK and Hong Kong were responsible for more than half of the group's profits.
11/03/2013
Argent Wealth Management and Pillar Financial Advisors to Merge
Both firms have highly credentialed professionals - attorneys, CPAs, CFA® charterholders and CFP® professionals - and take a team approach to helping clients coordinate and manage today’s difficult financial decisions.
11/03/2013
Leading US$1 Billion Texas-Based Wealth Management Team Launches Independent Investment Management Firm
Firm with Extensive Expertise in Portfolio Management serves Institutions, Business Owners and High Net Worth Clients across Texas and the Southwest
11/03/2013
Morgan Stanley veterans launch firm using Raymond James platform
A group of veteran Morgan Stanley managers has broken away from the wirehouse to form a partnership with Raymond James Financial Services Inc. as an equity-ownership wealth advisory firm that will offer succession planning to advisers.
11/02/2013
Rich families hoarding cash: Citi
Wealthy families have about 39 percent of their assets in cash
11/02/2013
Community banks respond to rising demand for wealth management services
Some institutions have ramped up their wealth management divisions in recent months, while others have teamed with existing firms to help clients make sense of their portfolios.
10/31/2013
Aberdeen Asset Management Wins 11 Awards For Fund Marketing And Communications
With our global network of offices and a regional approach to investment management, we believe in the power of an international perspective in an effort to ensure our clients and advisors have continual access to the voice of our investment managers.
10/30/2013
Bonus Increases Expected by the Financial Workforce
With bonus reviews now high on the agenda, eFinancialCareers polled over 4,500 financial professionals across seven markets to understand their bonus expectations.