12/10/2013
TruNorth Merges with BGM Wealth Management
Following the merger, clients will enjoy access to an expanded team of professionals working together to meet their needs
Wealth and Asset Management
12/09/2013
Bank of Montreal Private Banking Firms Honoured by Global Brands Magazine in Multiple Geographies
The Global Brands Awards are given to identify, acknowledge and reward key players that provide exceptional service and performance across different countries and sectors, including finance, education and technology.
12/09/2013
Cary Street Partners Acquires Texas-Based RiverStone Wealth Management
RiverStone Wealth Management oversees more than $400 million in client assets
12/09/2013
UBS Wealth Management Americas Introduces the UBS Equity Award Value Index TM
UBS has invested nearly $200 million to bring clients cutting-edge technology and industry expertise
12/09/2013
U.S. Bancorp Adds Head of Product Services to Wealth Unit
He will spearhead the research and development of banking, wealth planning, investment management and trust products across U.S. Bancorp's wealth management division.
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
RBC Global Asset Management announces November sales results for RBC funds
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 Amps Up Lending to Boost Wealth Margins
Morgan Stanley's brokerage business historically focused on helping clients invest in stocks and bonds
12/03/2013
Gibraltar Private Bank & Trust Voted #1 Best Private Bank Second Year in a Row
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 Celebrates Long Term Partnership with Art Basel
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
Investment Plans of Baby Boomers and Gen X Investors
A majority of Boomers and Gen X investors with a net worth over $1 million plan to invest in equities.
12/02/2013
Edward Jones Ranks No. 1 In National Survey Of Financial Advisors
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
Mariner Wealth Advisors Welcomes RR Advisory Group
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
Timbercreek U.S. Multi-Residential Opportunity Fund #1 acquires a 296 unit property in Orlando, Florida
This acquisition represents the 7th property acquired since the completion of the Fund's initial public offering on October 25, 2012
11/27/2013
Study Shows Affluent Floridians Give an Average $6,627 to Charity
The study also found that they will be designating 7 percent of their estates to charitable causes in their wills