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Wealth and Asset Management

01/23/2013

Emerald Bay Hires Sanctuary Wealth Services

Emerald Bay Wealth Management specializes in wealth management for multi-generational families

01/22/2013

MLC launches consulting service for ultra-HNW

Portfolio Solutions will be limited to individual and small institutional investors with more than $3 million in investable assets.

01/22/2013

Focus Financial Partner Firms Complete Strategic Deals

The deals boost client assets by approximately $450 million

01/22/2013

More major reforms on the way for China's asset management industry

A well developed financial infrastructure is a must for any real economic powerhouse in the world.

01/22/2013

HSBC’s Swiss Private Bank Sells Geneva Building for $116 Million

“Geneva is our stronghold in Switzerland.”

01/22/2013

Close Brothers AM set to move into the black

Revenue margin also improved.

01/21/2013

Quilter-Cheviot £12bn merger given green light

Fund manager merger to be completed after regulator agrees deal.

01/21/2013

Ongoing adviser fees averaging at 0.6%: FundsNetwork

Platform sees 10,000 clients set up on fee service since its launch in October.

01/21/2013

Swiss Banks Vie for Declared American Assets Amid Probe

UBS expects to report assets at its Securities and Exchange Commission-registered business rose 20 percent to $4.6 billion last year

01/21/2013

How do you impress someone who can afford almost anything?

Private banking's new play: schmoozing with a dynasty

01/20/2013

MS Wealth Management vaults past margin target

Unit ahead of schedule, records 17% pretax margin in Q4; 'let's not get too wound up'

01/20/2013

SSgA's AUM climbs 13% in 2012; ETFs up 38%

Also Friday, State Street announced it was cutting 630 jobs, or 2% of its workforce, this year “to capture further efficiencies and cost savings.”

01/20/2013

Malaysian sovereign wealth fund reports record gains, acquisition

It was said the increase reflected the success of the firm's investment strategy.

01/20/2013

L&T Finance in talks to buy Morgan Stanley's wealth business

Deal may be finalised in a month

01/17/2013

Chinese Millionaires Say Wealth Leads To Unhappiness

Chinese millionaires don’t sleep that much

01/17/2013

Old Mutual Wealth chief sets out distribution plans

Chief executive describes them as “strategic partnerships”.

01/17/2013

Raymond James’ Pay Grid Gets Long-Awaited Facelift

Introduced a new product-neutral pay grid as the firm looks to stay competitive with industry standards.

01/16/2013

Christopher Weil & Company Launches IMA Partner Professionals to Expand Expertise and Offerings

“We have always been committed to being more than just a typical wealth management firm.”

01/16/2013

Aberdeen Asset Management raises AuM and new business

Assets under management of £193.4 billion at 31 December 2012 were 3% higher than at 30 September 2012.

01/16/2013

Citi Falls Short on Earnings; Blames New Regulations

Fourth Quarter Results Included $1.3 Billion of Legal and Related Expenses

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