04/13/2012
CTC will become part of the bank's Harris myCFO unit, its wealth- management arm for ultra-affluent families in the U.S. with at least $25 million to invest. The deal is expected to close during the calendar second quarter of this year.
04/13/2012
Former Merrill Lynch Wealth Management Leaders Launch Hybrid RIA Firm to Provide Client-Focused Advice and Investment Solutions
04/13/2012
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.
04/13/2012
In recent years, the wirehouses have made a concerted effort to court the HNW market.
04/13/2012
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
04/13/2012
According to estimates, this customer base is largely urban, tech-savvy and uses a host of services other than the traditional banking tools.
04/13/2012
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.
04/13/2012
BNY Mellon Wealth Management has named an expert in philanthropy and planned giving sales director of its Charitable Solutions Group.
04/13/2012
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.
04/13/2012
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.
04/12/2012
Mr Osborne said on Tuesday he was left shocked by the scale of legal tax avoidance by multi-millionaires.
04/12/2012
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.
04/12/2012
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.
04/12/2012
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.
04/12/2012
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
04/11/2012
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.
04/11/2012
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.
04/11/2012
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.
04/11/2012
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
04/11/2012
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