Managers of Wealth Americas

How Wealthy Families Can Protect Against Financial Predators

Why don't wealth management firms do more to protect families from financial predators?

When your client wants to get rich from a Warhol

Those headlines may tempt novices to test the art market. And this is where many investors can get into trouble.

RBC banks on Canada’s reputation, toehold to expand ties with sovereign wealth funds

The new ownership also enables us to leverage the complementary nature of our activity with other businesses in the group, notably RBC Capital Markets and RBC Wealth Management. We look forward to being able to provide clients with holistic solutions that

Julius Baer confirms purchase of Merrill Lynch private bank outside US‎

Approximately two thirds of IWM AuM are from clients domiciled in growth markets in Asia (more than half), Latin America and the Middle East.

Julius Baer bulks up in Asia with Merrill deal

Julius Baer's acquisition of the loss-making unit means that about half of all the Swiss bank's clients will be in faster-growing emerging markets - chiefly Asia but also Latin America and the Middle East - up from around one third now.

Triad Financial Advisors merges with Independent Wealth Management

Triad Financial ranks No. 15 on The Business Journal's Largest Financial Planning Firms list. It has had 24 employees overall, including four certified financial planners.

Swiss private bank close to deal to buy Merrill Lynch's Non US wealth units

A full announcement is expected on August 13th.

The Wealth Manager for Rich Geeks

Financial advice is a tricky sell in the Valley. The place is full of Ph.D.s with problem-solving skills, an unusually strong aversion to fees, and no clue what to do with their money.

Wharton and IPI Formalize Network to Educate Wealthy Investors

The dinner meetings will be held three times a year, Wharton and IPI said in a statement. After the New York dinner, the next gathering will take place in March in San Francisco.

UBS, State St discussed asset managemt merger

It is unclear why the discussions fell through, although one of the sources said he believed it was because the two companies could not agree on pricing and succession.

The Private Bank of California Reports Second Quarter 2012 Results

Year-to-date 2012 net interest income totaled $8.7 million, a 21% increase over the prior year.

Canaccord Wealth Management reports $7.3 million loss

Canaccord Wealth Management generated $37.6 million in revenue and, after expense allocations, recorded a net loss of $7.3 million before taxes in Q1/13

Morgan Stanley 'could close offices and cut staff'

Morgan Stanley has told investors its wealth management business, weighed down by an expensive merger integration and a tough market environment, can deliver mid-teens pre-tax profit margins.

Richest Family Offices Seeing Fastest Growth as Firms Oust Banks

The assets that FMP supervises grew 30 percent to $2.6 billion as of Dec. 31, just behind Signature, a Norfolk, Virginia-based family office that expanded 36 percent in 2011 to $3.6 billion.

Monarch Bank to launch private banking unit

He joins Monarch with over 28 years of banking and investment experience.

Wall Street bankers face severe pay cuts

Wall Street bankers look set to be hit by severe pay cuts this year as the industry's heavyweights come under pressure to axe costs, recruiters have warned.

CIBC buys private wealth management firm

The business manages some $1.4 billion in assets for high net worth individuals families, endowments and foundations.

Active investor champions unlimited partnerships

Your humble correspondent’s mind drifts back to December when Magne Orgland, head of asset management at Wegelin & Co, sat in the same room telling the very same story.

Charles M. Bliss, former chairman and CEO of Harris Bank, dies at 90

Harris' vaunted bond portfolio was vulnerable because the bank had expected long-term interest rates to subside before they eventually did.

Global Asset Management Profit Margins at Risk - Research

According to a new industry analysis surveying 96 money managers worldwide that oversee approximately $21 trillion in assets, profit margins since the financial crisis have been managed by controlling compensation and benefits expense.

Wealth and Asset Management