Managers of Wealth Americas

JPMorgan exec pay endorsed by advisory firm

The recommendation reduces the chances that shareholders will rebuke bank officials over pay as happened last week in an advisory vote at the annual meeting of Citigroup Inc.

BPFH reports Q1 results

On a year-over-year basis, GAAP Net Income Attributable to the Company increased from a GAAP net loss of $149 thousand in the first quarter of 2011. Earnings per share increased from a per share loss of $0.01 for the first quarter of 2011.

Invesco may sell $18 billion wealth business: sources

The Atlanta-based asset management company wants to sell Atlantic Trust Private Wealth Management, which has $18 billion in assets under management, because it is not core to its business, three of the sources said.

Firms vary in services for the rich

The market for wealth management in South Florida is vast, as is the number and scope of institutions that serve the high net worth segment.

Financial Reform Will Lead to Emphasis on Credentials: IMCA CEO

IMCA, the Investment Management Consultants Association, provides credentials and education to the wealth management industry and is growing. Last year, IMCA’s Certified Investment Management Analyst certification became the first financial services

UBS Chairman Says Bank’s Reputation Will Play Role in CEO’s Pay

Villiger, whose tasks include developing recommendations for the CEO’s pay with the compensation committee, said the bank won’t assess Ermotti’s performance by profit alone, but will also include targets for boosting capital ratios and c

Jefferies hires internet analysts from UBS

The two analysts are well known in the technology and interactive entertainment sector, having covered companies including Google Inc., Yahoo Inc. and Amazon Inc. at UBS for roughly three years.

Washington Trust posts solid first-quarter results

The loan loss provision charged to earnings in the first quarter of 2012 was $900 thousand, the lowest quarterly provision since the first quarter of 2008.

Ameriprise Posts Mixed Results, Raises Advisor Headcount

The number of Ameriprise Financial advisors rose slightly to 9,744 as of March 31, from 9,730 as of Dec. 31, 2011, and 9,653 as of March 31, 2011. Assets under management in the Advice & Wealth Management Unit were $334 billion in Q1’12 vs. $315

Fairhills Group Rounds Out Management Team

Fairhills Group is a New York-based alternative asset management firm originally founded as the family office of Mr. Edward Bronson, a veteran principal investor and former telecom entrepreneur.

Brown Advisory acquires stake in New York hedge fund

Brown Advisory has purchased a minority stake in a hedge fund manager with New York and London offices.

Qatari wealth fund adds 5% Tiffany stake

Qatar’s sovereign wealth fund has made its first big investment in a US public company by acquiring a 5.2 per cent stake in Tiffany, the jewellery retailer known for its diamond rings and blue, ribboned boxes.

Morgan Stanley Boosts Investment Bank’s Compensation Pool 10%

Morgan Stanley set aside $2.11 billion to pay employees at its investment-banking division in the first quarter, 10 percent more than a year earlier.

Northern Trust gains hedge fund traction

It said that in the past seven months, Northern Trust Hedge Fund Services (NTHFS) had secured 22 client wins on four continents.

Debut Issue of Philanthropy Management: Do Entrepreneurs Make Effective Philanthropists?

For these reasons, Philanthropy Management suggests that wealth consultants and other advisors manage the expectations of entrepreneurs who are making their first serious forays into philanthropy.

US subsidiary of leading French bank launches mortgage service for wealthy clients

In addition to the creation of the private mortgage banking team, the bank continues its investments in its wealth management service model and capabilities, including the opening of additional dedicated wealth management client centers.

Special Report: Tax time pushes some Americans to take a hike

Last year, almost 1,800 people followed Superman's lead, renouncing their U.S. citizenship or handing in their Green Cards.

What Rich People Fear Most

Few Americans know what it is like to have one million dollars a year to their name.

Citigroup shareholders reject CEO pay

The shareholder vote, mandated by the "say on pay" legislation under the Dodd-Frank Act, was taken at the firm's annual meeting in Dallas.

State Street hit by rising cost of employees

STATE Street said yesterday that first-quarter profit fell 11 per cent as compensation and other employee benefits surged at nearly three times the pace of operating revenue.

Wealth and Asset Management