Managers of Wealth Americas

As the rich-poor gap widens, so does debate about what it means

Voters see a system that favors the wealthy, polls show, but most aren't ready to give up on the American dream.

Greenwich wealth managers collect $254m record lottery

Three money managers in one of the country’s richest towns collected the biggest jackpot in the history of the Connecticut lottery after investing $1 dollar in a Powerball ticket.

Wealthy Americans Redefining Luxury

Research firm Ipsos Mendelsohn recently finished a two-month project on the medium-to-upper crust and found that people making at least $100,000 are feeling better about the economy. But the super rich are really feeling better.

The rich: Exactly what does the terminology mean?

In his book Richistan, Wall Street Journal reporter Robert Frank concluded that "people's definition of rich is subjective and is usually twice their current net worth".

MF Global placed in hot seat for firm's collapse

Jon Corzine, who has not spoken publicly since resigning on 4 November, has been asked to appear before the house oversight and investigations sub-committee on 15 December.

SEC-registered investment advisor expands product portfolio

State Street releases new white paper on tax management

Private banks move to win back super-rich clients

Single family office exemption from registration as investment adviser

US-based asset manager may exit fund house

The asset manager protested the appointment of an IAS officer as the firm's chairman

New fund to promote innovation in philanthropy

Said fund would reportedly be within the $10-million range

58 members of Congress among wealthy 1%

Reports state around 11pc of Congress have net worth of roughly $9m

Number of super rich in North America to outnumber APAC until 2032 - study

The new report utilized a new method that shows the distribution of HNWIs by region and country

UBS to close US asset-backed securities unit - report

The closure comes five months after the firm appointed a star banker to run the operations.

Private wealth firm becomes Focus partner

Sapient is the fourth partner to join Focus and the 8th deal (including sub-acquisitions) made by the firm in 2011.

Wells Fargo moves to serve the REIT sector

Pershing introduces new asset management account

The new product replaces Pershing's ProCash Plus®.

How the 1% got richer, while the 99% got poorer

Simply put, the CBO report shows that over the last quarter century (1979 to 2007, to be exact), the top 1% of income earners enjoyed far, far bigger real income gains than the other 99%.

Wealth and Asset Management