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Surveys show what wealthy expect from their advisers
“The rich are different from you and me,” F. Scott Fitzgerald wrote in a short story
<b>Special report:</b> The top-performing SMAs
Here, you'll find the top ten SMAs across six different categories, with data provided to InvestmentNews exclusively by Prima Capital.
Wells Fargo shakes up wealth management
Wells Fargo & Co. has cut the number of regional managers — and operating regions — in its wealth management division to better integrate the investment advisory business it inherited from Wachovia Corp.
Pay-for-performance change by SEC could cost advisers
An SEC rule proposal that would raise the net-worth thresholds at which advisers would be allowed to charge performance-based fees would likely cut into the bottom lines of smaller hedge funds, private-equity firms and some registered investment advisers
Wells Fargo shakes up wealth management
Wells Fargo dramatically rejiggered its regional management set-up — with five execs losing their positions. According to a bank spokesman, the move is intended to help Wells 'realize the efficiencies of the merger with Wachovia.' One of those efficiencies: Cross-selling to Wachovia clients.
Rising star in wealth management? Wells Fargo crew hitches wagon to U.S. Bancorp
Lender making big push to win ultra-wealthy clients, with ex-Wells execs leading the charge
Avoid turning vacation into a budget-buster
With the summer travel season approaching, more people might want to consider paying for a vacation in advance or taking a trip that is already factored into the household budget, according to the Association of Independent Consumer Credit Counseling Agencies
Inheritance anxiety discussed
Social and psychological issues, such as fear of negative outcomes and a lack of confidence in heirs, are the greatest barriers to creating and sustaining generational wealth, according to participants at a recent round-table discussion
Merrill to begin marketing blitz to plug advisers
Merrill Lynch Wealth Management last week kicked off a multimillion-dollar marketing and advertising campaign appearing everywhere from The…
U.S. Bancorp targets ultrarich with unit to build ‘legacy’
U.S. Bancorp, the fifth-largest U.S. lender by deposits, said that its wealth management group is establishing a program to help ultrahigh-net-worth clients build legacies and control the effects of inherited wealth on their families
SagePoint Financial back on offense with Spectrum Capital purchase
After struggling during the darkest days of the credit crisis, SagePoint Financial Inc., which is owned by American International Group Inc., is back to playing offense, today closing a purchase of the assets of Spectrum Capital Inc.
BofA’s Krawcheck has a short list of insiders to replace Merrill head
Sallie Krawcheck, president of Bank of America Corp.'s wealth management division, has narrowed her search to replace the head of the firm's 15,500-person Merrill Lynch division to deputies including Andrew Sieg and John Thiel, said two people with direct knowledge of the process
United Capital Acquires $170M financial planning firm
United Capital Financial Advisers today announced the acquisition of financial planning firm Vantage Point Advisors. Vantage Point, which manages $170 million in assets, will now operate under the name of United Capital Private Wealth Counseling.
J.P. Morgan nabs former Pimco exec
J.P. Morgan Funds has tapped a Pacific Investment Management Co. LLC executive to oversee sales with key third-party distributors
‘Mattress’ investors missed rebound
If the financial downturn scared people into holding cash or other capital-preserving investments during the past few years, they should be aghast at seeing what they missed out on as the equity markets rebounded
You having a laugh, mate? U.K. proposes $225 a week flat-rate state pension
The U.K. government proposed replacing its current means-tested state pension with a flat-rate payment of about 140 pounds ($225) a week, with the goal of increasing incentives for people to save for their old age.
Gen X/Y: Advisers just don’t understand
Advisers and Generation X and Y investors aren't seeing eye to eye on investment issues
Advisers reaching out to clients in wake of Japan disaster
Investment advisers took to their phones or e-mail to answer client concerns about the possible effect of the crisis in Japan on their investments and on the U.S. recovery in general, according to an InvestmentNews website poll conducted this week.
Are your wealthy clients cheating on you?
Reluctant to entrust their financial assets to any one financial adviser, the nation's top tier of investors is spreading its wealth. In fact, new research shows that well over half of wealthy clients now work with at least five advisers.
United Capital moving up the food chain, buys $1.6B RIA
Purchase of Zirkin-Cutler biggest acquisition to date for roll-up firm
