10/29/2013
Barclays sees adjusted profit before tax fall by 20% to £4.9bn
Investment Bank income was down 7%
Wealth and Asset Management
10/29/2013
Morgan Stanley Said to Take Stake in Japanese wealth-management business
New York-based Morgan Stanley will provide research and investment products when the partnership takes effect in January, the person said. Terms of the agreement weren’t immediately available.
10/28/2013
Lower Client Activity Weighs on UBS Americas Wealth Business
UBS’s third-quarter adjusted¹ profit before tax of CHF 484 million achieved in a challenging environment
10/23/2013
Employees buy Annapolis wealth management firm
Five long-time members of Scarborough Capital Management paid founder Mike Scarborough more than $10 million to buy the 24-year-old firm with $7 million in annual revenue.
10/23/2013
Stock market drives clients to wealth managers
Data from Findawealthmanager.com revealed that while private clients were feeling negative about the rise of house prices compared to wage growth
10/23/2013
When Good Advisors Get Fired
It’s not uncommon for good advisors to get fired, as compliance departments become more vigilant. But there is life after termination.
10/23/2013
Swiss wealth managers seek to reconnect with US clients
Analysis by Aite Group has pointed to a growing desire by Switzerland based wealth managers to reconnect with US clients
10/22/2013
More Investors Satisfied with Their Advisors
Investors across all wealth segments reported higher levels of satisfaction with their advisors
10/22/2013
Raymond James reports record net income, profit for fiscal year
Results this quarter were lifted by a beneficial tax rate
10/22/2013
Herd Of Asian Elephants Let Loose On The Streets Of Los Angeles
The looming extinction of the Asian elephant population seems to be unheard of in the U.S.
10/21/2013
Wealth-X Wins Family Wealth Alliance's "Best of Decade" Award
There were more than 80 nominees in all, and it was an extraordinary privilege for our committee to winnow the list of deserving nominees down to just a handful of Awards recipients.
10/20/2013
A World Without Commissions
In some countries where commissions have been banned, advisors are struggling to be profitable, while others are simply exiting the business
10/18/2013
Wealth management firms look to hard assets for next price boom
As equity markets hit all-time highs again, investors haven’t forgotten the 2008 market meltdown that resulted in a 40 percent loss.
10/17/2013
Morgan Stanley Wealth third-quarter profit soars on fee revenue
Morgan Stanley, which has made a bigger bet on wealth management than any other major U.S. investment or commercial bank
10/17/2013
UBS Wealth Management Americas Relaunches Equity Compensation Business
The new brand reflects the company's significant and on-going commitment to the business
10/16/2013
Swiss Private Bank To Close Over IRS Investigation
The bank is one of 14 under investigation for allegedly helping Americans evade taxes.
10/16/2013
Raymond James Snags $1B Team
Raymond James recently recruited the firm Provenance Wealth Advisors consisting of 10 advisors and 14 registered associates
10/15/2013
How are wealth managers stress-testing for a US default?
This means plotting such a scenario in the current globalised world is nigh on impossible, albeit it is clear the impact would be colossal.
10/15/2013
Northern Trust 3Q profit climbs, fee income jumps
Wealth management firm Northern Trust said Wednesday that its third-quarter net income climbed 16 percent as it made more money from fees and benefited from a gain on an office building sale.
10/15/2013
Client Asset Flows Up at BofA as Advisor Ranks Thin
Bank of America’s global wealth & investment management unit on Wednesday reported record-setting quarter in assets under management and fees earned, even as advisor headcount and productivity dipped.