Managers of Wealth

Classic cars turn heads, and a profit, for owners

One was Paul Denman, director of private banking at Arbuthnot Latham, who himself holds a racing licence.

Vincent Asset Management Goes to Battle

Ryan Litfin, Managing Partner of VAM and Co-host of the popular investor advocacy show, Financial Fortitude, spoke publicly and in a YouTube video about their mission by pointing out, “Every four minutes someone is diagnosed with a blood cancer

Guaranty Bank and Trust ties up with Private Capital Management

Prior to starting Private Capital Management, Meade was the President of Fidelity Brokerage Services, Inc., a division of Fidelity Investments.

Deutsche Bank to integrate asset, wealth management

Anshu Jain, Co-Chairman of the Management Board and Group Executive Committee, said, "We have an enduring commitment to our universal banking model and will implement a team-based approach to leadership going forward."

Canadian banks' wealth business sags, but prospects solid

Wealth management wasn't a big money-maker for Canadian banks this quarter as slumping financial markets kept investors on the sidelines, the second straight gloomy performance by a segment most banks view as a future cash cow.

Rajat Gupta's wealth in spotlight at trial

In April 2008, a private banker at JPMorgan Chase visited her prized clients, Anita and Rajat Gupta, at their home in Westport, Conn, an elegant waterfront estate that was once owned by the retail executive JC Penney.

Managing the wealth of ultra rich Asians

The explosive growth of wealth populations in emerging markets presents both eye-watering opportunities and challenges for wealth management professionals.

Dubai based Wealth Management opens Malaysia office

Delivering independent financial advice and licensed by the Labuan Financial Services Authority, the Kuala Lumpur office is the fourth office to open in the region, alongside operations in Singapore, Hong Kong and Shanghai.

Xstrata’s $385 Million Glencore Payout Sparks Outcry

Initial surprise at the size of the so-called "golden handcuffs" unveiled on Thursday has quickly evolved into anger, with several minority shareholders claiming that the incentives offered to Davis and a slew of other executives were a direct a

Indian biz leaders talk philanthropy with Bill Gates

A large group of Indian business heads met Microsoft founder Bill Gates on Friday over a private dinner meeting at Taj West End Hotel in Bangalore.

Credit Suisse Money Inflows Hurt by Tax Issues

Switzerland’s tax issues have “short and medium-term negative impact” on new client money, Der Sonntag reported, citing Hans-Ulrich Meister, the head of Credit Suisse Group AG’s private banking business

UBS Shifts Investment Advice, Research in Wealth Units under One Umbrella

The integration is the latest step in UBS Chief Executive Sergio Ermotti's plan to shift the Swiss bank's primary focus to client and advisory businesses and pare down its investment bank following an embarrassing trading scandal last year.

Wealth Managers Need Wake-Up Call - Research

Players Must Take Action on Pricing, Costs, Risk, and Client-Centricity to Raise Their Games in Low-Growth, High-Regulation Climate, Says The Boston Consulting Group's New Report on Global Wealth

Asian Millionaires Counter Lost Riches Elsewhere

Wealth in North America declined 0.9 percent to $38 trillion, while western Europe posted a 0.4 percent drop to $33.5 trillion, the report said.

U.S. wealth growth slowed in 2011, BCG report says

While the U.S. still has the world's biggest population of millionaire households, they shrank in number by 2.5 percent to 5.1 million in 2011 compared with a year earlier.

How we won clients from private banks

When Andy McLaughlin met staff at one major private banking group to complete a client transfer, he was staggered. “It was jaw dropping how primitive its methods were

NYC wealth management firm opens Albany office

The next step will be an office in Saratoga Springs.“We believe that within the next five years we can grow to about 50 advisers in the area,” Prescott said.

Pssst. Want to know a secret?

Investing Secrets of the Ultra-Wealthy

Collins Stewart WM brand to be dropped by 2013

Collins Stewart Wealth Management, headed by CEO Neil Darke, is to be rebranded Canaccord over the next 10 months.

Charity levy ditched in new UK budget reversal

Treasury chief George Osborne announced in his March budget that he would limit the amount philanthropists could claim off their tax bill amid concern people were donating only to minimize tax payments.

Wealth and Asset Management