12/06/2011
Bank for celebrities opens Atlanta office
Private banks provide dedicated banking, financial planning and investment services for affluent families and corporations.
Wealth and Asset Management
12/06/2011
Women and men define financial success similarly, achieve it differently
Sandy Cimoroni and Lee Bennett, Senior Vice President, TD Waterhouse Financial Planning, provide their insight on gender differences and views on achieving financial success.
12/05/2011
Atlanta: Wealth management prospects down, but not out
The wealth of Atlanta comes from myriad sources, including homegrown giants such as The Coca-Cola Co., Cox Communications Inc., Newell Rubbermaid Inc., Delta Air Lines Inc. and Home Depot USA Inc., as well as from a burgeoning entrepreneurial community gr
12/05/2011
Industry experts to share expertise at KL conference on Islamic wealth mgmt
The conference will explore key principles and avenues of Islamic wealth management, including Islamic wealth creation, accumulation, protection, distribution and purification in the wealth management cycle, the company said in a statement.
12/05/2011
Wealthy investors abandoning hedge funds
In the six months to November, the rich shrank the hedge fund allocation of their total investments in alternatives from 58% to 35%. One in five plans to decrease their hedge fund allocation further in the next six months.
12/05/2011
Thirteen Ways to Tax the Rich
In order for it to have impact, it must be further clarified, or else it will be misinterpreted by politicians pushing ideas which they will falsely claim would tax the rich - such as Republican presidential candidate Herman Cain's phony 9-9-9 plan,
12/05/2011
Top private banks thriving in the tumult
Private banks, a distinct group within the wealth-management field, cater to the highest tiers of wealth, usually preferring customers with $20 million or more to invest.
12/05/2011
Even the wealthy make bad money management decisions
These are smart people who believe in the division of labour and concentrating on doing whatever it is they do best to make the money in the first place.
12/02/2011
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.
12/02/2011
Bay Area firm to place its private client business under a new RIA
The Bay Area firm says it's making the move to avoid compliance clashes with ERISA; others say Schwab's riding the coattails of the RIA movement
12/02/2011
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.
12/02/2011
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.
12/01/2011
Triad Advisors partners with wealth firm
The company's management team has more than 70 years of combined experience.
12/01/2011
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.
11/30/2011
EU crisis deflates London bankers' bonuses
Banks are struggling to cut fixed costs after raising base salaries of investment bankers by as much as 100 percent to cushion cutbacks after regulators
11/30/2011
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.
11/30/2011
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 ...
11/29/2011
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
11/29/2011
HNWIs seeking bankers' advise from charity
Some wealth management firms are also offering guidance to their clients on setting up trusts that would invest in social causes.
11/29/2011
RDR could force wealth management shakeout
A key aspect of RDR will be the eradication of commissions paid by product providers to wealth advisers, a widespread practice.