The economic crisis has damaged revenues, business plans and most importantly, the trust of wealth management clients. According to an extensive survey conducted by PriceWaterhouseCoopers and released at the end of July, advisors who succeed in...
UBS has stepped up its courtship of former Merrill executive Bob McCann, discussions that began in June, according to a story in the Financial Times. If he is hired, he would replace Marten Hoekstra, head of UBS’s wealth management business...
Much beloved by Merrill financial advisors, Dan Sontag is stepping down as head of Merrill Lynch Global Wealth Management. The news of his departure comes just a day after it was announced that Sallie Krawcheck, the former head of wealth...
There is a growing chorus of analysts and money managers who say that China is bubble that is bound to pop. Morgan Stanley analyst Andy Xie wrote in a research report released Monday that a Chinese asset bubble will most definitely burst in the...
Sallie Krawcheck, one of the most powerful women on Wall Street, has ended her year-long absence from the wealth management industry with an auspicious return. According to Bank of America, the one-time CEO of Citi’s wealth management unit...
Time magazine in January wrote a story detailing Bush's biggest economic blunders. Of course, as popular magazines often do, Time names "tax cuts for the rich" as the third-biggest blunder. Never mind that almost all agree that Bush's tax cuts...
