Multi-family Offices Riding High; Single-family Offices Recovering But Nervous
Oct 27, 2010
Multi-family offices have enjoyed strong growth over the past couple of years, while single-family offices are seeing some improvement, but are nervous about new regulation, according to two new surveys by the Family Wealth Alliance.
UBS Stops the Bleeding, Adds Retail Client Assets
UBS Stops the Bleeding, Adds Retail Client Assets
Oct 26, 2010
Clients assets at UBS Wealth Management Americas outpaced withdrawals in its latest third-quarter results, as outflows finally stopped, a singular achievement last reported by the brokerage unit in the first quarter of 2009.
Net Assets Rise at LPL, TD Ameritrade
Net Assets Rise at LPL, TD Ameritrade
Oct 26, 2010
More investor money is making its way to the management of independent broker/dealer LPL Financial and the retail brokerage TD Ameritrade, the two companies said in earnings reports released today. Trading revenue (excluding asset-based fees and...
Fidelity Targets RIAs with UHNW Clients
Fidelity Targets RIAs with UHNW Clients
Oct 25, 2010
In an effort to attract more financial advisors who have--or would like to have--ultra-high net worth clients, Fidelity Investments is offering them the same high-end services it offers to family offices.
Investors, Drunk on Bonds, Should Be Soberly Searching for Unloved Categories
Investors, Drunk on Bonds, Should Be Soberly Searching for Unloved Categories
Oct 21, 2010
While bonds may not tank tomorrow, it does seem likely that stock markets will eventually recover at least some of their old gusto. To prepare for the day when the pendulum swings, consider buying fund categories that are suffering outflows.
Creating the TOMA Advantage
Oct 21, 2010
In the world of professional services, where you are dealing with marketing, selling, and servicing intangible financial solutions, it isn’t all that helpful to think in terms of tangible products, be they luxury goods or basic consumer...
Profits Soar at Wells Fargo, Raymond James
Oct 20, 2010
The brokerage business of Wells Fargo of San Francisco, and independent b/d Raymond James Financial Inc. of St. Petersburg, Fla., both reported sharply higher year-over-year profits in the third quarter.
Wealth Management is Morgan Stanley's Most Profitable Division In Q3
Oct 20, 2010
Because of a steep drop in Morgan Stanley's institutional securities business in the third quarter, Global Wealth Management carried the day: it was the firm’s most profitable division for the quarter, earning $281 million. That's up a hair...
Make Room For More Wealth Firms With National Reach
Oct 20, 2010
The already crowded field of wealth management firms who want to go national is getting more crowded, still.
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