Some wealth owners set up charitable foundations to keep their families together after mom and dad die. But too often these entities exacerbate or even create divisions within the family. Also, family members can have conflicting visions of the...
UBS announced today that the firm plans to write-down another $19 billion in housing-related credit securities held on its books by the end of the first quarter, bringing the firm's total sub-prime losses to $37 billion thus far. As a result, the...
RegentAtlantic Capital was ahead of the game. In 1996, the fee-only RIA in Chatham, N.J., went paperless a move that put it a decade ahead of its peers. RegentAtlantic manages $1.8 billion in assets for about 900 clients, and when the firm moved...
Talk about embarrassing: The credit debacle has shown just how dumb and greedy the (supposedly) smart money really is. Bear Stearns, natch, is the poster boy: The 85-year-old investment bank lost about 90 percent of its value in 2008, because, it...
For almost 25 years investors have experienced general appreciation in the value of their investments. However, the last few months may have left many of them wondering if that's about to change. What's more, those with considerable wealth also...
Editor-in-Chief David Geracioti spoke with Krawcheck about a recently announced reorganization in the wealth-management division. Registered Rep.: For a Smith Barney advisor, you guys have had a pretty good year in 2007. Smith Barney revenue...
In March, Citigroup announced plans to reorganize its private bank and Global Wealth Management division into four separate units according to client wealth (institutional, ultra high-net-worth, high-net-worth and emerging affluent). The...
When Eliot Spitzer fingered ex-NYSE director Ken Langone for Dick Grasso's pay package, Langone told CNBC's Charlie Gasparino, One way or another, Spitzer is going to pay for what he's done to me and the havoc he's caused in the New York business...
THIS MONTH'S CONTEST BRAINTEASER: TRAPPED IN A BLENDER Google currently favors this puzzle in its interviews. There is no right or wrong answer. The interviewer is looking for agility of mind and playful creativity, as well as some rigor in...
A few weeks ago I had one of those blinding glimpses of the obvious. It dawned on me that despite the grinding intensity with which some advisors focus on attracting, serving and developing loyal relationships with affluent clients, a very...
