Displaying 705 results
Worried wealthy turn to advisers
As the financial markets have worsened, rich investors have increasingly been turning to financial advisers for guidance.
Millionaire investor confidence increases
Confidence among millionaire investors improved last month — a sign that they think the economy is improving.
Leading family office names president, COO
Leslie Voth has been named president and COO of Pitcairn Financial Group, which has $3 billion assets under management.
Fido names institutional wealth exec
Joseph A. Giordano is now executive VP of relationship management for Fidelity's institutional wealth services business.
Wealthy and ultra-rich glum and glummer
Confidence among affluent investors kept sinking in June, while millionaires expressed concern about the political climate.
Wealth grows in BRIC countries
Wealth growth around the world last year was led by Brazil, Russia, India and China, according to a report by Merrill Lynch and Capgemini.
Stifel forms asset management unit
Stifel Financial Corp. has formed an asset management subsidiary called Choice Financial Partners Inc.
Good help hard to find in family offices
The scarcity and high cost of qualified professionals is the biggest challenge for family offices, said Thomas Livergood.
SocGen buys big stake in Rockefeller Financial
Rockefeller & Co. has around $30 billion in AUM and is one of the leading wealth management firms in the United States.
Mass affluent market up for grabs
The group is “the most poorly served segment in terms of dedicated products and delivery channels,” according to Celent.
Millionaires more upbeat but still wary
“Despite the improvement, millionaires' optimism remains near its all-time low,” said the president of Spectrem Group.
Wachovia reshuffles Northeast unit
The firm has installed two Bank of New York Mellon veterans in leadership positions.
The very rich getting very worried
Confidence among millionaire investors fell in April, according to a report by Spectrem Group.
Millionaires: Recovery just a year away
Millionaire investors plan to increase their exposure to stocks in the next 12 months, according to a survey by Fidelity.
Low-end millionaires not masters of universe
Millionaires with under $5 million in assets live more humble lives than most would think, according to the Spectrem Group.
The rich get richer … more slowly
The annual growth rate of wealth held by high-net-worth individuals is expected to slow to 9%.
Wealth management, trust services to grow
Banks that earn fees from wealth management and trust services are poised for double-digit growth and better stock market valuations than commercial banks.
Wealthy investors buck up
Confidence among affluent and millionaire investors rebounded slightly in February, following a record slump in January.
Citi to split up and customize wealth unit
Under the reorganization, the New York-based bank will split the wealth management unit into four segments.
LPL recruits another exec from a rival
Christopher Poch will run the private trust group at the firm.
