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Aspiriant to buy Deloitte Investment Advisors, form $7B wealth manager
Wealth management firm Aspiriant LLC said today it has agreed to buy Deloitte Investment Advisors LLC, a unit of accounting firm Deloitte LLP with 450 clients and $2.9 billion in assets under advisement.
Rough exit ahead for wealth managers, study contends
All but 7% of the nation's 20,000 wealth management firms won't extract significant value from their business when their owners retire, because most do not have a sustainable profit model, a new report contends.
RIA biz isn’t a fad, Pershing execs say
When it comes to the rapid growth of registered investment advisory firms, broker-dealers must either “feed the monster…
Millionaires make a comeback: Merrill Lynch
Global millionaires' ranks increased by about 17 percent in 2009, with the Asia-Pacific region posting a 26 percent gain, according to a report by Capgemini SA and Merrill Lynch & Co.
Where are the wealthy?
The global millionaires' club expanded by about 14 percent in 2009, according to the Boston Consulting Group, with the number of millionaire households increasing to 11.2 million. The majority of these wealthy households reside in these five countries.
Millionaires regain their wealth – but not trust in wealth managers
The portfolios of the wealthy have almost recovered from the financial crisis, but that doesn't mean they trust their financial institutions anymore, BCG said today in a report.
Millionaires make a comeback
The global millionaires' club expanded by about 14 percent in 2009 with Singapore leading the way, The Boston Consulting Group said.
The top RIAs
Who are the largest RIAs? And which firms grew the most in the last quarter? This RIA rundown outlines the movers and shakers in the advisory industry.
How RIAs can boost income 500% in four years
It takes about four months and about $50,000 to get a fund to market
Fusion Advisor Network adds Medallion to roster of member firms
The Medallion Group of five independent investment advisory firms has joined the Fusion Advisor Network's partnership with NFP Securities Inc.
Advisers are still stressed out: survey
Providing extra services to clients since the recession seems to be taking its toll on roughly half of advisers.
Barclays snags $750M team from Morgan Stanley
Barclays Wealth has hired Don Milich and Clifford Wang as investment representatives, based in Atlanta, as part of its effort to continue growing its wealth management operations in the U.S.
Starting from scratch to build a business? Never quit marketing
When John Krambeer left the brokerage industry in 2004 to start his own fee-based firm, the first few years were 'pure hell.'
Partners put all their assets in a single basket
R. Griffith McDonald and K. Larry Hastie had kept their separate practices for years even after they had…
Goldman case brings renewed hope in fiduciary-reform fight
The SEC charges of fraud against Goldman Sachs & Co. are giving renewed hope to financial advisers who want the fiduciary standard included in financial-reform legislation pending in Congress.
Let market judge credibility of debt raters
The role and economics of credit-rating firms are among the most important issues to be addressed in any financial-reform legislation.
The Mutual Fund Store brings advice business to the mass affluent
Despite its decidedly mass-market focus, The Mutual Fund Store maintains that client relationships are priority No. 1.
Klingenstein Fields plays a new game in sports, entertainment
Klingenstein Fields & Co. LLC isn't looking to make a radical break from its tradition of sober asset management for wealthy families.
The new top RIAs
Our latest look at the giants and the up-and-comers in the RIA universe. This exclusive InvestmentNews special report also features sortable rankings
Emphasizing the financial ABCs
The most recent market decline has been painful for all investors and no doubt will lead consumers to question the vibrancy of the economic recovery. Ironically, those doubts are likely to result in restrained
