Last year was a blockbuster for merger-and-acquisition activity in the asset-management sector buyers spent nearly $44 billion to purchase 191 firms managing more than $2.6 trillion, according to a recent research...
In the war for brokerage desktop real estate, the ubiquitous Bloomberg machine has a new competitor: Salesforce.com. The firm, which rolled out a new wealth-management service in February, with its usual customer...
The broker protocol just got a lot more inclusive. The exclusive pact between several wirehouse and broker/dealer firms stipulates that the firms will refrain from taking legal action when their brokers switch to...
Names: David Passman, Aaron Saperstein, Joel Talish Firm: Westchester Wealth Management Group (Wachovia) Location: Old Greenwich, Conn. AUM: $400 million in house ($100 million outside) Clients: 300 households...
Name: Camilla Neri Firm: Retirement Capital Strategies (LPL affiliate) Location: San Jose, Calif. AUM: $200-plus million (out of a total $400 million for the group) Clients: 200 fee, 200 commission Industry experience...
UBS has bought a grand piano to grace the atrium of its Finsbury Avenue offices in London. The purchase is in response to employee demand for piano lessons. In addition to the atrium piano, which will also be used for...
A Feb. 27 research report from Wall Street Strategies had mostly positive things to say about Morgan Stanley like record revenues and net income in 2006. But the report took issue with CEO John Mack's liberal use of...
Another study looking at why women are so scarce on Wall Street has found some interesting (and surprising) results. Entitled Gender and Job Performance: Evidence from Wall Street, the study, by a trio of professors...
Name: Mitch Stein,David Beyer Firm: The Beyer Group, UBS Location: New York, NY AUM: $570 Million Client households: 300 Industry experience: 50-plus years combined Regardless of their wealth, many of David Beyer and...
It used to be that ETFs were linked to some broad market, cap-weighted index simple as that. These days, ETFs come in all kinds of flavors, leveraged and inverse, commodity and currency as well as other ETFs ones that...
