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.
Wealth and Asset Management
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.
11/29/2011
Brazil creating 19 'millionaires' daily
Another factor accounting for the rising tide of millionaires are high executive and banker salaries, which Morales said often beat those paid in the US.
11/28/2011
AXA to offload Bluefin wealth management arm
It added that its insurance broking business Bluefin Insurance Group was not part of the review.
11/28/2011
HSBC makes wealth management easier
The main aim is to help people discover what their needs are so that they can live with financial peace of mind now and in the future.
11/28/2011
Iceland says no to Chinese billionaire's land bid
Huang Nubo, a 55-year-old former Chinese government official and one of China’s richest entrepreneurs, had hoped to “create a vast nature retreat” in northeast Ireland, according to AP.
11/28/2011
Hedge fund gazillionaire prepares bid for Dodgers
Cohen is said to be working with Steve Greenberg, an investment banker with Allen & Co. who has close ties to Major League Baseball (he was deputy commissioner for a while).
11/28/2011
European banks told to value sovereign writedowns consistently
The debt swap may take place next month, says IIF
11/24/2011
Bermuda-based lender reports healthy Q3 results
Interest income increased to $11.40 million from $4.15 million in 2010. This increase was driven by the reallocation of a portion of the bank’s balance sheet out of cash products and into a diversified portfolio of higher yielding securities.