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Maryland, California governors seek boost in taxes on wealthy
States join federal government in looking to affluent to help trim budget shortfalls
McCann: Despite UBS woes, wealth management unit staging turnaround
Between a horrible investment-banking environment and an embarrassing $2.3 billion loss incurred by a London-based trader, UBS AG had a tough third quarter
Americans welcome back leverage when credit is cheap enough
Americans are back in the borrowing mood, and even the wealthy are getting in on it when the credit is cheap enough, according to advisers.
Most advisers overstating their expertise: Cerulli study
A survey of more than 1,500 financial intermediaries over the past year found "pattern of misrepresentation"
<b> Shop Talk:</b> Instruct clients to keep appraisals up-to-date
Investment advisers should insist that clients get appraisals of valuables updated periodically
Third-quarter weak for wealth division at Wells Fargo
Wells Fargo & Co. last week reported weak fourth-quarter results for its wealth management division, reflecting the impact…
Advisers who are fee-based feel handcuffed
It's anything but a virtuous cycle. The markets are down. Financial advisers who base their fees on assets under management are hurting. The only fix? Raise prices. But how can you in this market?
Experts not queueing up for Suze Orman’s new debit card
Suze Orman's new prepaid debit card will come with fees of at least $36 a year
Wealthy worried kids will fritter away inheritance
Almost a quarter of wealthy individuals in the U.S. don't trust their children or stepchildren to protect the assets they plan on leaving the next generation.
LPL to buy specialized wealth manager Fortigent
LPL Financial LLC is making a big push into the marketplace for rich clients, saying last week that it will acquire Fortigent LLC, a wealth management firm that provides specialized services such as investments, proposal generation and technology for financial advisers and their multimillionaire clients.
Buffett no match for S&P 500 in 2011
Warren Buffett, the billionaire investor who has highlighted his record of beating the market when stocks languish, oversaw a decline last year as the Standard & Poor's 500 Index ended unchanged.
Social Security beneficiaries to receive 3.6% increase
Fifty-five million Social Security beneficiaries can look forward to a 3.6% cost-of-living adjustment in 2012.
LPL to unveil technology push
LPL Financial LLC will soon take the wraps off a major technology initiative intended to appease its 12,799 reps and advisers.
HNW clients might be OK with retainers, after all
Volatile markets haven't been friendly to those who employ asset-based advisory fees, but conventional wisdom says switching would be a hard sell ... or will it?
UBS Wealth Management’s U.K. chief failed to act on risk failures: Regulator
The former chief executive officer of UBS AG's wealth-management unit in the U.K., didn't heed warning signs that risk controls in the division were ineffective before an unauthorized trading loss was discovered.
Ex-UBS wealth chief ‘confused’ over regulator’s attempt to fine him
The former chief executive officer of UBS AG's wealth-management unit in the U.K., said he was “confused” by the British finance regulator's attempt to fine him for failing to prevent unauthorized trading.
Atlanta: Wealth management prospects down, but not out
A bit of Southern hospitality mixed with big-city benefits has helped Atlanta remain an ideal place to build a wealth management business, even though it is still recovering from an economic downturn.
Wealth adviser may determine Jeter’s 3,000th
Derek Jeter's 3,000th career hit may come down to a ruling by Jordan Sprechman, far uptown from his Park Avenue office as a managing director at JPMorgan Chase & Co
Advisers: Clients are better off than in 2008, but Obama must go
Financial advisers say that clients are better off financially than they were three years ago, but they still…
