Managers of Wealth

Wealth Management Veterans Launch Snowden Capital Advisors

Former Merrill Lynch Wealth Management Leaders Launch Hybrid RIA Firm to Provide Client-Focused Advice and Investment Solutions

Guggenheim UBS MAP Global Art Initiative

The Guggenheim will invite one curator from each of the regions to participate in overlapping two-year residencies in New York, during which they will work in concert with the Guggenheim staff to identify new and recent artworks that reflect a range of ea

Middle Eastern Billionaires and Family Ties

Billionaires in the Middle East have one of the highest rates of family involvement, 62%, in the whole world. Only India has a higher rate of family involvement.

Despite Efforts, Wirehouses Losing HNW Clients

In recent years, the wirehouses have made a concerted effort to court the HNW market.

Cameron suggests UK charity tax changes may be watered down

Cameron said this week he’s ready to be the first British premier to publish his tax returns, according to a person close to him, as he seeks to defuse accusations that he’ll benefit personally from a cut in the top rate of income tax next yea

Citi woos the urban middle class

According to estimates, this customer base is largely urban, tech-savvy and uses a host of services other than the traditional banking tools.

ANZ culls wealth management team

"The changes in our Wealth business are in response to a challenging environment which has emerged in recent years," the spokesperson said.

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

Wealth and Asset Management