Managers of Wealth

Close AM loses £2.6m as restructure continues‎

Close AM lost £2.6m in the period compared with a £6m loss in the previous six months.

Sterne Agee Expands Private Client Group

Sterne, Agee & Leach, Inc., one of the oldest and largest privately-owned investment banking firms in the country, has expanded its Private Client Group with the addition of an investment office in Chicago.

Washington Wealth lands Morgan Stanley broker

Washington Wealth Management LLC, a start-up firm that has grown by hiring away advisers from top U.S. brokerages, has added its latest recruit from Morgan Stanley Smith Barney.

Planner, Former San Diego State Quarterback Joins RIA Washington Wealth Management

He is without a doubt the epitome of the first class advisor who has his clients first in his thoughts,” said Washington Wealth’s San Diego Branch Manager Mike Ferrante. “These are the types of planners that we are looking to hire.&rdquo

UBS Wealth Management Americas launches the Wealth Management Research Advisory Board

Representing a major milestone in the evolution of WMR's Chief Investment Strategist function, the move underscores the commitment of UBS Wealth Management Americas to helping its clients reach their goals by delivering the best research from the sma

Deutsche Bank PWM unveils hires for Glasgow push

Deutsche Bank Private Wealth Management (DB PWM) has relocated its Glasgow office and boosted the staff headcount with five recruits.

Swiss private bank celebrates opening of Representative Office in Tel Aviv

With the opening of the new representative office in Tel Aviv, Julius Baer marks another important milestone in the development of its global network, which comprises offices in more than 40 locations in over 20 countries.

Merrill Lynch Wealth Management named as 'Best Private Bank in India'

Merrill Lynch Wealth Management has also been named 'Best Private Bank in India' four times in a row from 2005 – 2008.

Brooks Macdonald to launch York office

The exact location of the office is yet to be finalised, although it is understood that the office will open later this year..

Morgan Stanley Team Goes Hybrid via LPL‎

A team of Morgan Stanley Smith Barney advisers that generated $2 million of revenue last year has started an independent investment advisory firm

Switzerland offshore tax deal criticised by MP

A tax deal with Switzerland aimed at preventing high-earning expats and big businesses using the country's secretive banking system to avoid paying UK rates has been criticised by MPs

New Cities Ranking Reveals Asian Cities Are World’s Strongest Economically

Released today, the report, entitled Hot Spots, ranks the most competitive cities in the world for their demonstrated ability to attract capital, business, talent and tourists.

Close Brothers profits up despite securities headache ‎

The firm reported pre-tax profits of £66.8m in the six months to the end of January, up from £58.3m the year before.

Global battle rages for LatAm wealth market clients

Wealth management in Latin America is experiencing turf wars on an international scale between asset managers, private banks and family offices hoping to win over the rising number of affluent clients.

FSA warns of poor conduct in private banking and wealth management

In its Retail Risk Conduct Outlook, published today, the regulator highlighted private banking and wealth management as an “emerging risk”, warning that poor conduct could lead to “widespread detriment”.

Edelman Financial Group Reports Fourth Quarter Earnings

The Edelman Financial Group is a wealth management company that manages approximately $16.3 billion in client assets.

Wealth advisory fees under scrutiny in Asia

Gaining enough shelf space with such banks has proven a key constraint for a fund manager looking to expand its retail presence across Asia.

Women can save Wall St.

The bank collapsed in 2008, sending the economy spiralling.

Webster Bank aims at millionaire depositors

Individuals, businesses, and nonprofits with net worth of $1 million or more are eligible to enroll in Webster Private Bank, Webster said Thursday. The bank did not say what it will charge them.

Societe Generale launches new services aimed at UHNW's

Societe Generale is launching a new integrated service offering, Private Investment Banking, aimed at ultra high net worth entrepreneurs who have a holding company or a family office.

Wealth and Asset Management