It's time to tax wealth

Taking money away from lower and middle-income populations who spend in small businesses – from corner shops, garden centres to local hotels – reduces domestic consumption, the very thing that can provide growth and jobs.


Succession to become national wealth manager

Succession Advisory Services has unveiled plans to consolidate five of its firms as part of plans to become a national wealth manager in the first quarter of 2012.


UK banks ordered to cut bonuses

Banks have been ordered to slash bonuses and payments to shareholders to get their houses in order as a second credit crunch bears down on the country.


Smart money places bets on wealth managers

Cerulli Associates in August reported RIAs have increased assets by 8 percent per year since 2007, a period when assets in the industry were little changed and those held by the biggest brokerages contracted by 4 percent per year.


Swiss banks face UK exodus

Switzerland's banking industry risks losing out on almost Sfr50bn (£35bn) in assets as new tax accords with Britain and Germany prompt wealthy clients to withdraw money, according to a new study.


Houston private banking sector in step with economic growth

Russ Labrasca joined Citi in September and, after moving the group into a new office at 811 Main St., is looking to add at least three more bankers and investment consultants to the staff of 10 during the first quarter of ...


Three wealth managers win record amount on lottery

Brandon E. Lacoff, co-founder of Belpointe LLC, an $82 million wealth manager in Greenwich, Connecticut, and his colleagues Gregory Skidmore and Tim Davidson rode a black limousine into the lottery headquarters in Rocky Hill today to claim a $254 million


Brazil creating 19 'millionaires' daily

Another factor accounting for the rising tide of millionaires are high executive and banker salaries, which Morales said often beat those paid in the US.


HSBC makes wealth management easier

The main aim is to help people discover what their needs are so that they can live with financial peace of mind now and in the future.


Iceland says no to Chinese billionaire's land bid

Huang Nubo, a 55-year-old former Chinese government official and one of China’s richest entrepreneurs, had hoped to “create a vast nature retreat” in northeast Ireland, according to AP.


Bermuda-based lender reports healthy Q3 results

Interest income increased to $11.40 million from $4.15 million in 2010. This increase was driven by the reallocation of a portion of the bank’s balance sheet out of cash products and into a diversified portfolio of higher yielding securities.