Wealth Management industry news covering the financial markets, trends and wealth professionals.
Stay up to date with Wealth Management news and trends through our free Morning Memo e-newsletter. Join today.
Ameriprise seems to be doing just fine without the backing of its former parent company, American Express. The firm had a good second quarter, meeting analyst consensus expectations, enjoying strong asset flows, improving advisor productivity and...
There was an unprecedented 89 deals for fund-management firms in the first half of 2006, according to a July report by Putnam Lovell NBF Securities. If this acquisition pace continues, it will top the previous high set in 2000.
Lawyers often see family members get ugly over assets. Rarely, though, does the nastiness literally explode, sending one of the parties to meet his maker. But that's exactly what happened in the case of Dr. Nicholas Bartha and his ex-wife Cordula...
Financial advisors, beware. If you transfer assets belonging to a number of your clients without their authorization—even if you’ve done so in anticipation of a downturn in the market—your next stop won’t necessarily be an arbitrator’s table. It...
The brokerage industry is an increasingly difficult job market to break into, and an even harder one to stay around in. But for those who succeed, it continues to provide a pretty nice living, according to the SIA’s 2005 Production and...
Financial advisors are missing the mark when it comes to high-net-worth clients nearing retirement—at least those are the findings of The Phoenix Companies’ recently released seventh annual Wealth Survey.
Merrill’s global private client group (GPC) registered a pretax earnings increase of 53 percent, to $701 million, in the second quarter ending June 30, up from $457 million in the same period in 2005.
If you are a rep who works for Citigroup or Morgan Stanley, you might be annoyed to see your company’s name in the papers for running afoul of the new conflicts of interest and research.
