01/23/2013
Reliance Financial Corporation to Acquire Citigroup Trust-Delaware, N.A.
"This acquisition allows us to continue our focus on the institutional marketplace and will strengthen our competitive position as a leading national trustee."
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.
01/23/2013
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.”