Managers of Wealth

The Sullivan Wealth Management Team Leaves Morgan Stanley for BHWM; Firm Expands CA Presence

The move marks the 11th advisor team to join BHWM, and will bring a projected asset transition of approximately $110 million to the firm.

Julius Baer CEO Expects Swiss-U.S. Accord to Resolve Tax Dispute

Julius Baer Group Ltd. Chief Executive Officer Boris Collardi expects talks between the U.S. and Switzerland to produce an agreement that will allow Swiss banks to resolve a tax-evasion dispute

ABN Amro gets ready for Privatisation, if the Timing is Right

Nationalised Dutch Bank ABN Amro will be ready to be privatised again by Next Summer

A third of millionaires row about inheritance, says Coutts

The bank, which includes the Queen among its clientele, collated the views of 270 people with "liquid assets" of more than £1m.

HSBC not Willing to let go its Private Banking Business

Reshaped European structure could help the private bank expand in markets of Asia and Latin America

Cost of weeding out criminals and tax cheats hits private banks

Private banks managing the financial affairs of the world's wealthy face spending millions of dollars every year on vetting new clients

Abu Dhabi sell £2.2bn stake in Barclays

Abu Dhabi has sold its entire holding in Barclays worth more than £2bn, it has been revealed.

Seymour Pierce buy helps WH Ireland hang in the black

WH Ireland’s acquisition of Seymour Pierce’s private client business helped the firm posted a tiny profit in its first half.

UBS Leading Southeast Asia Stock Sales on Billionaires

UBS AG Jumped to the Lead among Share-Sale Underwriters in Southeast Asia for the first time in six years,

Bank of Singapore picks M&C Saatchi to reach out to more HNW's

Bank of Singapore, the wholly owned subsidiary of OCBC Bank, has selected M&C Saatchi Singapore as its creative agency.

Arbuthnot Private Bank assets surge 28% in H1

Profit for the period decreased to 1.40 million pounds from 10.43 million pounds prior year.

Morgan Stanley Q2 profits up 66%

Morgan Stanley said second-quarter profits rose 66%, as higher revenue from executing client trades and growth in its wealth management unit more than offset the impact of rising interest rates.

The Wealth Management Whine

Steven Crosby, senior managing director at PricewaterhouseCoopers, predicts a five-fold, global increase in mergers and acquisitions in the wealth industry

Women forcing wealth management professionals to change their thinking

Wealth management industry facing changing demographics

UBP Launches Unconstrained Bond Fund

Geneva-based Asset Management Firm Unveils Fixed Income Strategy Designed to Capitalise on Rising Rates Environment.

BNY Mellon's assets inch up in quarter

Bank of New York Mellon reported $1.43 trillion in combined assets under management

Northern Trust 2Q net income rises 6 percent

Northern Trust Corporation reported second quarter net income per common share of $0.78, up from $0.73 in the second quarter of 2012 and $0.67 in the first quarter of 2013.

HFM Columbus: Private Client Recruitment Market Never Looked Better

HFM Columbus director Marcus Carlton says the private client recruitment market has never looked better

BofA, Morgan Stanley Hold Lead In Top Wealth Manager Ranking

Bank of America Corp. and Morgan Stanley held on to a slim lead over UBS AG in a 2012 ranking of the world’s largest wealth managers compiled by PAM Insight SA.

Bank of America makes hay from wealth management

Hidden in the numbers released in Bank of America's second-quarter earnings report on Wednesday was a single figure - 27.6 percent - that should delight the wealth management industry.

Wealth and Asset Management