Managers of Wealth Americas

Private banks chase Asia’s ultra rich

Bay Area banks are rolling out the red carpet for Asian money coming to the United States.

HongKong to Host Road Show Events to Showcase China's Global Financial Centre

The keynote speaker for the New York conference will be Professor K C Chan, Secretary for Financial Services and the Treasury of the Hong Kong Government.

Have We Turned the Confidence Corner? Millionaires Think So

The SMICI, which measures monthly the confidence level of financial decision-makers in households that have $500,000 or more in investable assets, rose 6 points in February to a positive 4, which Spectrem said was its highest level since May 2011.

RBC raises dividend as profit tops estimates‎

Royal Bank of Canada's quarterly earnings fell 6 percent as a drop in capital markets profit overshadowed strong retail lending, but the company also announced a surprise dividend increase.

The Most Philanthropic Companies On Wall Street

Although major banking corporation Goldman Sachs has come under increasing fire for slashing its philanthropic donations significantly in 2011, it should be remembered that the firm has stood as one of the leading lights in charitable giving over recent y

Wells Fargo To Expand Wealth Management, Insurance Operations Report

He said that of the assets being purchased from European banks, they consist almost entirely of U.S. loans, the FT reported.

Aspiriant bags top industry accolade

Aspiriant was recognized as the top private wealth management firm, among those with more than $5 billion in assets under management, for unparalleled service to high-net worth clients and an innovative holistic approach to wealth management.

BNY Mellon earned top rankings

BNY Mellon Scores Firsts for Research, Hedge Funds and Asian Support in Global Investor Magazine's 2012 Foreign Exchange Service Provider Rankings

Management Buyout For Wells Fargo Hedge Fund

Wells Fargo will keep a minority stake in the $2.2 billion hedge fund, set up two years ago to house a proprietary trading group.

Deutsche In Talks With Major US Family Office Firm Over Bank's Asset Business

Deutsche Bank is entering exclusive talks with U.S. money manager Guggenheim Partners to sell the German lender’s asset-management divisions, said two people with knowledge of the matter.

Expats Lobby For Tax on Residence, Not Worldwide Income

In fact, dual citizens of the U.S. and Canada seem positively outraged. See Oh Canada! Hating FBARs And FATCA.

White Oaks Wealth Designated as Premier Advisor

The evaluation process assesses 20 categories of practice management, which include areas such as customer service, risk/investment planning philosophy, credentials, team dynamics, fee/cost structure, and average AUM per client among other areas.

Redrock Wealth launches fixed fee investment advisor service

The Portfolio Architect services range from a “fresh start” risk profiling and asset allocation analysis, to a complete investment portfolio review and fiduciary analytical service. Core services incorporate specific no-load mutual fund and ET

Asset management firm loses largest customer

She would not comment on the reason for Manulife’s decision. Nor would she reveal the precise financial impact losing the client has on the 30-year-old firm that handles Matrix’s institutional and high-yield client base.

Crescent Wealth partners with US fund manager

Australian Islamic fund manager Crescent Wealth has partnered with US Islamic fund manager Saturna Capital to manage its soon to be launched international equity fund.

Chinese Millionaires Are Immigrating To The US In Huge Numbers

Ever since Deng Xiaoping opened Chinese doors to the world decades ago, the US has forged an important, if sometimes politically contentious, business relationship with China.

Canada’s biggest bank might be getting even bigger

RBC said to be close to Dexia venture buyout

Luxury Home Values Stable in Fourth Quarter of 2011

First Republic Bank produces the Prestige Home Index each quarter with Fiserv CSW Inc., a leading provider of automated property valuation services and home price metrics to U.S. financial institutions.

BNP Paribas CIB sells North American reserve based lending business

This transaction comprises $9.5 billion of total loan commitments, including $3.9 billion in funded balances as of December 31, 2011. All of the 36 people currently working in this business in Houston and Calgary will be offered employment at Wells Fargo.

Morgan Stanley veterans plan advisory boutique

The new boutique – Dean Bradley Osborne or DBO Partners – plans to hire aggressively, not only from Morgan Stanley but from other Wall Street banks

Wealth and Asset Management