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...
Financial advisors should prepare for both an improved economy and higher taxes, according to the keynote speakers at the IMCA (Investment Management Consultants Association) Advanced Wealth Management Conference in San Francisco this morning.
If you believe in the “politicians-are-idiots” theory, you’ll love gridlock. After all, the economy and stocks tend to do better under divided government.
Affluent investors still remain conservative in their approach to investing this year, despite the fact that they feel financially better off than a year ago. According to the latest Merrill Lynch Affluent Insights Quarterly, 39 percent of...
M&T Bank Corp. emerged as a major player in the wealth management business this week following the Buffalo-based bank’s agreement to buy Wilmington Trust Corporation for $351 million in stock.
With few assets and plenty of debt, investors in their 20s are not on many wealth management firms' or advisors' radars. Yet they haven't written them off entirely.
The heirs of wealthy clients fire their parents' financial advisors 70 percent of the time. Prepare heirs and not just estates.
