01/28/2013
National firms driving RIA deals
National firms participated in more than half of mergers and acquisitions
Wealth and Asset Management
01/28/2013
CEOs bailed out in financial crisis still rake it in
Top executives of companies that received taxpayer bailouts during the financial crisis
01/27/2013
Wealth Management Helps Drive Bryn Mawr to Record Earnings
Rising revenue from wealth management services helped drive Bryn Mawr Bank Corp. to record earnings in 2012, the Pennsylvania-based community bank announced Thursday.
01/24/2013
Raymond James to Drop Morgan Keegan Name
"Cultural integration and the satisfaction" of financial advisers at the firm
01/23/2013
Reliance Financial Corporation to Acquire Citigroup Trust-Delaware, N.A.
"This acquisition allows us to continue our focus on the institutional marketplace and will strengthen our competitive position as a leading national trustee."
01/23/2013
Emerald Bay Hires Sanctuary Wealth Services
Emerald Bay Wealth Management specializes in wealth management for multi-generational families.
01/23/2013
Bank of America Reaches Goal of Hiring 1,000 Small Business Bankers
Extends Nearly $8.7 Billion in New Credit to Small Businesses in 2012
01/23/2013
Reliance Financial Corporation to Acquire Citigroup Trust-Delaware, N.A.
This transaction will enable Reliance Trust Company of Delaware to increase its size
01/23/2013
Emerald Bay Hires Sanctuary Wealth Services
Emerald Bay Wealth Management specializes in wealth management for multi-generational families
01/22/2013
UBS Launches Global Family Office in the Americas
The UBS Global Family Office was launched in Europe and the Asia-Pacific region in January 2011 and currently manages more than USD 50 billion in assets.
01/22/2013
Focus Financial Partner Firms Complete Strategic Deals
The deals boost client assets by approximately $450 million
01/22/2013
Former Bank of America CEO Tom Clausen dies
He left the bank in 1981 to become president of the World Bank.
01/21/2013
Swiss Banks Vie for Declared American Assets Amid Probe
UBS expects to report assets at its Securities and Exchange Commission-registered business rose 20 percent to $4.6 billion last year
01/20/2013
MS Wealth Management vaults past margin target
Unit ahead of schedule, records 17% pretax margin in Q4; 'let's not get too wound up'
01/20/2013
SSgA's AUM climbs 13% in 2012; ETFs up 38%
Also Friday, State Street announced it was cutting 630 jobs, or 2% of its workforce, this year “to capture further efficiencies and cost savings.”
01/17/2013
New Family Wealth Toolkit Helps Families Maximize More Than Wealth
The Family Wealth Sustainability Toolkit is more than just a book.
01/17/2013
Raymond James’ Pay Grid Gets Long-Awaited Facelift
"This is the first significant change to our grid during my almost 20 year tenure at Raymond James."
01/16/2013
Christopher Weil & Company Launches IMA Partner Professionals to Expand Expertise and Offerings
“We have always been committed to being more than just a typical wealth management firm.”
01/15/2013
Wealthy investors plan to increase their equity holdings in 2013
In the next 12 months, 71% of Ultra High Net Worth (UHNW) Investors, with more than $5 million in net worth not including their primary residence (NIPR,) plan to invest in equities, up from 52% in 2010. Equities are the top investment pick among the UHNW
01/15/2013
China sovereign wealth fund may cut US debt holdings
“From a long-term perspective, it is not a good investment target.”