Wealth Management industry news covering the financial markets, trends and wealth professionals.
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In normal times, gridlock is wonderful for real returns. But these aren't normal times. In times of crisis, a Congress that cannot undo its mistakes is not good
Most wealthy families say they won't change their chartible giving behaviors based on tax increases, but some advisors say it's still a good idea to write your check this year rather than next.
Attorneys, compensation experts and recruiters said broker recruiting bonuses would be difficult to regulate, and that if anything, the SEC would most likely require greater disclosure of the practice to clients.
We are in a multi-year bull market for equities, especially emerging market equities, said panelists at Morgan Stanley Smith Barney’s 2011 outlook event Wednesday.
Over half of advisors surveyed by Putnam Investments said they were at least somewhat likely to recommend absolute return funds to their clients, while assets in absolute return funds have grown 10 percent in the past month alone.
The ultra-high-net-worth market is drawing greater interest from financial advisors, who flocked to the Investment Management Consultants Association (IMCA) annual Advanced Wealth Management Conference in San Francisco this week.
The stock market is now in a “historical sweet spot” following the mid-term elections, Charles Schwab’s chief investment strategist told financial advisors at the IMCA Advanced Wealth Management Conference in San Francisco...
UBS hired three financial advisors with $2.1 billion in client assets away from Morgan Stanley Smith Barney. They will work out of UBS' Los Angeles office.
Bah, humbug. The latest study of charitable giving among America’s high-net-worth households shows a marked decline in generosity. The 2010 Bank of America Merrill Lynch report says that households averaged donations in 2009 of $54,000, down 34.9...
Ultra-high net worth clients are “re-thinking their investment approach” and turning away from traditional asset allocation strategies and modern portfolio theory, according to Kristi Kuechler, president of the Institute for Private...
