12/09/2013
SAC Reaches Deal to Sell Reinsurance Firm
The billionaire trader Steven A. Cohen is one step closer to converting his onetime $15 billion hedge fund into a family office after a tentative deal to sell a reinsurance firm he formed in 2012.
12/07/2013
Wealthy Investors Boost Their Borrowing
With interest rates so low, some take on debt and invest the money
12/04/2013
Sales of equity solutions have rebounded and strong flows continued into balanced solutions, while the demand for income-generating solutions remained strong.
12/03/2013
RIAs Grew 8%, Other Advisory Channels Declined by More Than 1% between 2004 and 2012
"The RIA channel has been one of the most buzz-worthy trends in the financial advisory and asset management industry in recent years," states Bing Waldert, director at Cerulli. "RIAs are the sole growth story in a shrinking industry."
12/03/2013
Morgan Stanley's brokerage business historically focused on helping clients invest in stocks and bonds
12/03/2013
Gibraltar Private Bank & Trust, an integrated private banking and wealth management company, has been named Best Private Bank for the second year in a row by Daily Business Review's "Best of 2013."
12/03/2013
UBS announced today that the firm will assume the new role of Global Lead Partner of Art Basel
12/02/2013
Do Affluent Investors Get "Wealth Management"?
While two-thirds of Affluent investors overall say they are familiar with the term, there emerges a gap in understanding across net worth and gender
12/02/2013
A majority of Boomers and Gen X investors with a net worth over $1 million plan to invest in equities.
12/02/2013
REP. magazine randomly selects financial advisors nationwide and asks them to rank their firms in various categories.
12/02/2013
UBS Targets Wealthy with Higher Adviser Pay, More Planning
The traditional grid that defines payments based on annual production will change to reflect broader ranges of in commissions and fees, although the overall pay in the grid won't change.
12/01/2013
New partnership will provide clients with access to enhanced wealth management services, technology and resources
12/01/2013
RBC Global Asset Management implements fee reduction on two funds
RBC Global Asset Management Inc. announced fee reductions for the Access Capital Community Investment Fund and the RBC SMID Cap Growth Fund
11/27/2013
This acquisition represents the 7th property acquired since the completion of the Fund's initial public offering on October 25, 2012
11/27/2013
The study also found that they will be designating 7 percent of their estates to charitable causes in their wills
11/26/2013
This unique publication will provide daily analysis on the fluctuations of the assets of the ultra wealthy by tracking initial public offerings, mergers and acquisitions, inheritance and succession, divorce and marriage, property sales and other large liq
11/26/2013
The group has achieved strong results in managing its funds, which include equity, income and dividend funds.
11/25/2013
Antwerp Diamond Bank plans to close its office in New York
The European Union regulator in Brussels appointed a trustee to supervise the divestment along with KBC and the closure was declared to clients last week.
11/24/2013
Thirteen advisors recognized as Women of Distinction by the Raymond James Network for Women Advisors
11/24/2013
This is the third advisor team HighTower has transitioned in as many weeks.