Managers of Wealth

BNY Mellon Names Sales Director to Charitable Gifts Biz

BNY Mellon Wealth Management has named an expert in philanthropy and planned giving sales director of its Charitable Solutions Group.

Ex-Merrill veterans open independent brokerage firm

Two former Merrill Lynch veterans on Thursday announced that they opened an independent, adviser-owned brokerage firm, saying they hope it will attract top talent from the biggest U.S. brokerages and grow to be global in scale.

JP Morgan revenues rise but legal costs trim profits‎

JP Morgan, the first Wall Street bank to report results in this closely watched earnings season, has revealed a surprise increase in revenue to $27.4bn even as legal bills and debt pinched first quarter earnings.

Wealthy abuse charity donations to cut tax, says No 10

Mr Osborne said on Tuesday he was left shocked by the scale of legal tax avoidance by multi-millionaires.

Hong Kong on course as top expat destination

Having recently opened an office in Hong Kong, GWM has announced it plans to extend further across Asia with new operations based in Malaysia, Singapore and mainland China.

UK expats face ruin in Spain and France after being duped by bogus financial advisers

The schemes are often sold by rogue financial advisers who exploit weak consumer laws on the Continent by falsely claiming to be bona fide accountants.

Switzerland’s Banking Secrecy Is ‘History,’ Raymond Baer Says

Switzerland has signed tax accords with the U.K. and Germany that, if ratified by parliaments, will impose a levy on wealth held by Britons and Germans in the past and a new withholding tax on future income.

Big Firm Bonuses - Why 2012 Is Shaping Up To Be A Pretty Awful Year

The big winners year to date are BMO Capital Markets, RBC Capital Markets, Mitsubishi UFJ Financial Group, TD Securities, Wells Fargo and HSBC. And the biggest losers are Barclays, Nomura, Goldman and Bank of America Merrill Lynch.

Wall Street banks TRIPLE their bonuses in bidding war over top brokers

The brokerage arms of banks such as Morgan Stanley, UBS AG, Wells Fargo & Co. and Bank of America are offering high-end U.S. brokers two to three times the commissions and fees they produced in the previous year, up from about one times those earning

Suits you sir: should wealth firms outsource risk-profiling?

Few wealth managers would underestimate the importance of a carrying out a rigorous risk-profiling assessment of their clients, be it through a questionnaire or a qualitative discussion.

Dynasty Partners, Method Holdings Deal Targets CPA Wealth Management Market

In the partnership, Dynasty, based in New York, will provide its platform services to the CPA firm-owned wealth management practices Method Holdings plans to invest in.

Asian Clients Take Novel Approach Of Expecting Private Bankers To Make Money For Them

It’s more or less the model of much investment banking business, from mergers to IPOs, where banks charge pretty customary fees and market themselves not on price but on providing the best objective advice, though of course even there most of what y

Industry Leader in Wealth Management Opens California Office

The Orange County office is headed by four of the region's leading financial advisors: Gerald Larr, Douglas McCrea, Stephen Nielander and Craig Wells, all former Managing Directors at Deutsche Bank's Private Wealth Management office in Costa Mes

What high net worth investors are doing right now

This is how they created their wealth: by building businesses to capitalize on trends they’ve noticed, and by investing when they’ve seen intriguing opportunities develop in the public markets.

CertusBank launches new wealth platform

Our CertusWealth advisors are ready to walk through comprehensive financial solutions that provide both personal advice and the broad expertise needed to keep you moving forward towards achieving your life goals.

Changes At The Top Of Venerable German Private Bank

While they may be a period where no member of the von Metzler family is among the bank’s partners, Leonhard von Metzler, 36, may be accepted as one in the future, FT Deutschland said in an e-mailed summary of an article to be published tomorrow.

In Asia, Fickle Millionaires Vex Banks

The new generation of Asian millionaires are giving some bankers fits

George Osborne: I'm going after the wealthy tax dodgers

A confidential study by HM Revenue and customs found they are using aggressive avoidance schemes to reduce their income tax rate to an average of 10 per cent - less than half the level paid by the average Briton.

Bank of America-Merrill Lynch downsizes wealth unit

Bank of America-Merrill Lynch has asked more than two dozen employees at its wealth management unit to leave as the stock market slowdown worsens and the economy continues to be sluggish.

France tightens grip on super rich

Tax rises for the wealthy are at the heart of the debate and if the left wins, France could become the country with the highest tax on the rich in the EU, and one of the most punishing in the world.

Wealth and Asset Management