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RIA giants rebound
The top 50 largest registered investment advisory firms managed $127.2 billion as of the end of the second quarter — up a sizable 16% from the end of the second quarter in 2009.
Citigroup to triple hedge fund offerings for wealthy clients
Citigroup Inc.'s private bank will triple the number of hedge funds such as Paulson & Co. that its wealthy clients can invest in, under a push to increase money-management revenue.
UBS woos Asia’s ultra rich amid incredible wealth spurt
UBS AG, Switzerland's largest bank, is putting more focus on its richest clients in Asia and bringing its investment bankers closer to asset managers to meet their demands.
Details emerge on one of Warren Buffett’s possible successors
Li Lu, the hedge-fund manager who helped Berkshire Hathaway Inc. find profits in China, may push Warren Buffett's investment company to make more deals outside the U.S. if he takes a role at the company.
Take a hard look at clients’ buyout offers
It's not breaking news that baby boomers are delaying retirement, hoping to hang on to their jobs — and income — for a few more years.
Secrets of the top performing advisory firms: How to use benchmarking
What separates the top firms from their peers? Find out in this exclusive Q&A series with Pershing's Mark Tibergien and InvestmentNews' Kelli Cruz, who dive into the findings from this year's financial performance study.
Citi continues to purge U.S. Trust advisers
Citi Private Bank, the private-banking unit of Citigroup Inc., continues its aggressive recruiting from U.S. Trust and has now lured a total of 10 bankers from the Bank of America unit since the end of April.
U.S. Trust, Atlantic Trust ramp up recruiting
U.S. Trust Corp., the private banking unit of Bank of America Corp., has hired five senior-level wealth management experts as part of the firm's bid to hire more than 200 advisers and bankers this year.
Morningstar to rate Section 529 plans
In a first, the fund tracker will rate college-savings plans based on performance and fees.
Ex-ING adviser Breard gets just under 7 years in prison for fraud
A Kirkland financial planner who looted her clients' investment accounts was sentenced to six years and eight months in prison by a federal judge who praised her for cooperating after she got caught.
Younger investors at risk of being ‘Depression generation’: Krawcheck
Fear of market gyrations taking hold among affluent young investors; is the 'conservatism' embedded?
MSSB team in N.Y. jumps ship to join surging HighTower
HighTower Advisors LLC last Tuesday announced that it had snapped up another team of advisers, this time from Morgan Stanley Smith Barney LLC.
BNY Mellon buys $3B wealth manager
BNY Mellon on Friday said it reached a deal to buy I(3) Advisors of Toronto, an independent company with more than C$3.5 billion ($3.4 billion) in assets under advisement.
BNY Mellon names Hughes to lead Its wealth management unit
Bank of New York Mellon Corp. named Lawrence Hughes head of its wealth-management unit, replacing David Lamere, who resigned.
Database services provide inside line on wealthy
It may be more difficult than ever to satisfy wealthy investors, but finding them has never been easier.
Silver Bridge to buy advisory firm with $400M in assets
Officials for Silver Bridge Advisors LLC said today they to plan to purchase a San Francisco-area investment adviser, adding that their firm has created a separate entity to better market itself to wealthy families and family offices.
Advisers flummoxed by BP stock disaster
For financial advisers, the epicenter of the Deepwater Horizon disaster may not be the Gulf of Mexico but Whiting, Ind.
Dead federal estate tax rises from the ashes
With the federal estate tax law having lapsed — and no sign that Congress is planning to address the issue anytime soon — a growing number of states are taking matters into their own hands.
Former Merrill Lynch wealth business to go public
First Republic Bank, the San Francisco lender purchased by private-equity firms from Bank of America Corp. at midyear, is planning an initial public offering.
