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UBS wealth management unit loses assets and advisers but still turns a 3Q profit
UBS AG's wealth management business in the Americas returned to profitability in the third quarter, despite losing financial advisers and client assets.
What high-net-worth investors <i>really</i> want from advisers
If you think that an impressive track record is going to wow wealthy clients and persuade them to…
Goldman Sachs’ Lloyd Blankfein: Wealth management unit ‘should be bigger’
The Goldman Sachs Group Inc. is eager to expand its wealth management business for wealthy individuals — and to distribute more of its asset management products through third-party brokers and advisers — according to chief executive Lloyd Blankfein.
Wilmington Trust taps Louis Freeh to sit on board
Louis Freeh, director of the FBI under President Clinton, has joined Wilmington Trust Corp.'s board — bringing a clear anti-fraud and compliance-oriented presence to the trust bank and wealth manager.
U.S. Trust loses $450M duo to RBC
RBC Wealth Management has recruited a pair of financial advisers from U.S. Trust Wealth Management, where they ran some $450 million in client assets.
Wilmington Trust adds former FBI head to its board of directors
Louis Freeh, director of the Federal Bureau of Investigation under President Bill Clinton, has joined the board of directors of Wilmington Trust — bringing a clear anti-fraud and compliance-oriented presence to the Delaware trust bank and wealth manager.
Wilmington Trust posts 3Q loss on investment hit
Wilmington Trust Corp. said Friday it posted a third-quarter loss as the regional bank wrote down the value of some investment portfolio holdings.
Mass affluent leave brokers, in favor of indie advisers
After a year in which many investors lost substantial chunks of their wealth, mass affluent individuals are ditching their full-service brokers in favor of independent financial planners at a significant clip, according to a report released last week.
Mass affluent leaving brokers, making indie advisers their top choice, Spectrem finds
After a year in which many investors lost substantial chunks of their wealth, mass affluent individuals are ditching their full-service brokers in favor of independent financial planners at a significant clip, according to a report released today.
SunTrust elevates Hattink to head of private wealth business
SunTrust has tapped Willem Hattink to serve as its new head of private wealth management and institutional investment solutions.
Threshold and Ashbridge agree to merge into $2.2B multifamily office
Threshold Group, a Gig Harbor, Wash., multifamily office, and Ashbridge Investment Management, a Philadelphia-based MFO, have signed a letter of intent to merge.
Multifamily offices weather the storm, eye expansion, study finds
Considering all that went wrong in the markets last year, 2008 turned out to be a relatively good year for multifamily offices, according to a study released today by Family Wealth Alliance LLC.
Washington wealth managers Evermay and Ayrshire merge
Evermay Wealth Management and Ayrshire Associates are merging to form what the principals hope will be a major wealth management player in the Washington market.
Boston Private share price jumps on securities buyback
Shares of Boston Private Financial Holdings Inc. jumped more than 11% Tuesday morning after the company said it repurchased $44.5 million of publicly traded convertible-trust preferred securities at a 44% discount to their issuance price in 2004.
Beacon Pointe targets wirehouse reps
Beacon Pointe Advisors, a wealth management firm with $4 billion in assets that caters to high-net-worth individuals, is looking to bolster its business with wirehouse castoffs.
Rehmann taps ex-Oppenheimer, ex Stanford exec to expand Florida wealth biz
Rehmann LLC, the Saginaw, Mich.-based accounting firm, is targeting Florida as a prime market to expand its wealth management business.
Q&A with Sallie Krawcheck: Why the behemoth brokerages will prevail
Sallie Krawcheck has been president of Bank of America Corp.'s global wealth and investment management unit for less than three months, but, as usual, she is already making news
New Convergent CIO says market opportunities exist between ‘greed and fear’
The uncertain direction of the economy and the markets remains the “key challenge” for investors, according to Ron Albahary, who was named chief investment officer for Convergent Wealth Advisors on Monday.
BNY Mellon on the hunt for wealth management acquisitions
Bank of New York Mellon, fresh off of one of the largest mergers in the banking and wealth management industries, is now back on the prowl for more acquisitions, according to published reports.
Beacon Pointe ramps up recruiting, targets wirehouse refugees
Beacon Pointe Advisors of Newport Beach, Calif., a wealth management firm with $4 billion in assets that caters to high-net-worth individuals, is looking to bolster its business with wirehouse castoffs.
