Managers of Wealth Americas

BNY Mellon Wins aiCIO Industry Innovation Award for Asset Management Servicing

BNY Mellon has announced that it has won an Industry Innovation Award for 'Custody-Asset Management Servicing' from aiCIO magazine.

Montis Financial Launched By Boston Area Wealth Management Veterans

Based in Waltham, Massachusetts, the firm applies an integrated approach to advising on investments, financial planning, and other financial services for intergenerational families.

Wealthy Investors Prefer Boutiques Over Larger Wall Street Firms: Study

Reputation for honesty and first-class service advantage smaller wealth managers

More billionaire families join Buffett and Gates philanthropy effort

Eleven more wealthy families and individuals have joined Bill Gates and Warren Buffett in promising to give away at least half of their wealth.

Gregory Barnhill, Brown Advisory partner and philanthropist, dies

“We have lost a great friend and partner,” Brown Advisory CEO Michael D. Hankin emailed his staff on Saturday.

"Global Wealth Report" - RESEARCH

Today, Allianz unveiled the third edition of its "Global Wealth Report", which puts the asset and debt situation of private households in more than 50 countries under the microscope.

Refusal to Adapt Is Killing Most Asset Managers

The report, titled Capturing Growth in Adverse Times: Global Asset Management 2012, provides the findings of BCG's tenth annual study of the worldwide asset-management industry.

RBC Outlines Strategy for Expanding Wealth Unit

RBC has also made a number of leadership changes recently to reflect those priorities.

BBVA Compass opens Miami office

The bank's Commercial, Domestic Wealth Management and International Wealth Management representatives will provide a range of financial products.

World UHNW Population Loses US$480 Billion

Wealth-X has launched the latest edition of its World Ultra Wealth Report.

Leading Swiss Private bank to reveal more data, staff names in US tax probe

For the first time, Credit Suisse employees will be told before their names are disclosed to U.S. officials, a bank spokesman said, after previous transfers of information by banks drew criticism.

Pandit’s Censured Bonus Unhurt by Smith Barney Writedown

Citigroup Inc.’s $4.7 billion pretax writedown of its Morgan Stanley Smith Barney stake probably won’t reduce a profit-sharing plan’s award for Chief Executive Officer Vikram Pandit that could total $24 million.

Approaches to wealth management vary by fortune

Millionaires are most likely to seek the services of a full-service broker, but those at the very top of the wealth pyramid are looking for different types of advice, according to the latest Millionaire Corner study, $25 Million Plus Investor 2012.

Germany’s oldest privately owned bank to expand in US

Germany’s oldest privately owned bank is seeking to add sales staff to its two-strong New York office, as the head of its UK operations suggested that US investors could return to European equities “very quickly” in the right conditions.

Family offices/foundations allocate average 21% of portfolio to hedge funds - RESEARCH

Infovest21’s family office/foundation survey explores single family office, multiple family office and foundations’ views of hedge funds and funds of funds.

Credit Suisse clients may withdraw $37 billion over tax in next few years

Credit Suisse could see clients in western Europe withdraw up to a net $37 billion in the next few years as Switzerland bows to pressure to stop foreigners using secret offshore accounts to evade taxes.

Wealth manager will stick with its rich digs

The 74-year-old firm renews its office lease with Central Park views, a terrace, a Fifth Avenue address and a triple-digit asking rent.

France’s biggest bank Details Plan to Expand U.S. Wealth Management

France’s biggest bank, embarked on a five-year plan to expand services to affluent U.S. clients as the company looks to businesses beyond its core European market for growth.

The wealthy are 288 times richer than you

That trend is happening for two reasons: Not only are the rich getting richer, but the middle class is also getting poorer.

Brown Advisory Receives "Premier Advisor" Designation

In 2011, fewer than 1% of advisors in the United States received the Premier Advisor designation.

Wealth and Asset Management