08/22/2012
Raymond James assets under management up in July
The Private Client Group continues to perform reasonably well.
Wealth and Asset Management
08/21/2012
The Hill’s 50 Wealthiest lawmakers
Senate Minority Leader Mitch McConnell, at No. 37, is the only GOP leader to make the top 50
08/21/2012
Rich Less Likely To Donate To Charity Than Middle Class
Comparatively, the middle class, who earned between $50,000-$75,000 annually, gave out average of 7.6 percent of their income to charity that year.
08/21/2012
Record Profit Nets Jiang $308,000 Versus Dimon’s $23 Million Pay
New York-based JPMorgan last month reported a 9 percent decline to $4.96 billion following its trading loss in London.
08/20/2012
UBS Seeing Moat Of Secrecy Run Dry Vows Results To Lure Wealthy
“There used to be this moat that created a great business model for Swiss banks -- it’s gone,” said Friedman, who was hired into the newly-created CIO position by former UBS Chief Executive Officer Oswald Gruebel in March 2011.
08/20/2012
State Street's 2011 Corporate Responsibility Report Highlights Reduced Environmental Footprint, Increased Philanthropy and Volunteerism
Charitable contributions rose by 15 percent; Carbon dioxide emissions lessened by 24,500 metric tons
08/20/2012
Wall Street Leaderless In Rules Fight As Dimon Diminished
Bankers across the Atlantic, including former Barclays Plc CEO Robert Diamond and Peter Sands of Standard Chartered Plc, have been muted by allegations that their firms rigged interest rates or were involved in money laundering.
08/19/2012
Bank of America Shows Progress in Six Key Areas
The report has many highlights in all areas.
08/19/2012
Poacher Turned Gamekeeper
He is the former chief operating officer of UBS Private Wealth Management who was sidelined during a management shuffle.
08/16/2012
1st Global launches wealth management feasibility analysis program
New Programs provides a risk-free assessment for CPA firms aiming to expand wealth management services
08/15/2012
How Wealthy Families Can Protect Against Financial Predators
Why don't wealth management firms do more to protect families from financial predators?
08/15/2012
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.
08/15/2012
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
08/12/2012
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.
08/12/2012
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.
08/09/2012
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.
08/09/2012
Swiss private bank close to deal to buy Merrill Lynch's Non US wealth units
A full announcement is expected on August 13th.
08/09/2012
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.
08/09/2012
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.
08/08/2012
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.