RBC Wealth Management
10 January 2013
Canada’s RBC Wealth Management has strengthened its Omaha, NE, office, appointing five financial advisors and three client associates from Morgan Stanley in a move which adds $758 million in assets under management. Joining the Omaha branch as financial advisors are: Jason Judge, first vice president; Matt Rose, vice president; Ken Ferrarini, senior vice president; Steve Ferrarini, associate vice president; and Scott Leinen, first vice president . Meanwhile, Laura Kolasky, Barbara Essi and Kelly Blankenship start as senior client associates.
11 December 2012
Quality of life, family needs and business interests are the main considerations for millionaires who left their birth country in search of success, findings from a new report show.
4 December 2012
Prospera Financial Services, an independent broker-dealer, brought in two advisors in Westchester, PA, and Plymouth, MA, adding over $56 million in assets under management. Tom Ambrose of Ambrose Wealth Management has over 32 years of experience and was formerly with Ameriprise . Meanwhile, Hilary O’Malley - latterly of Wells Fargo Advisors - joins Plymouth Rock Financial Partners and has been advising clients for over 19 years.
30 November 2012
Net income at Royal Bank of Canada's wealth management business rose from C$156 million (about $157.1 million) in the third quarter to C$207 million at the end of October - up 16 per cent year-on-year and 33 per cent on the prior quarter.
23 November 2012
Wealth management industry figures agree that, whatever shape it does take, the sector will look very different by the end of this decade and that it will hopefully be more transparent, while much of the growth will be in Asia and outside more established markets. And they also caution about the limits of the internet – the days of old fashioned human contact are not done yet . At a Breakfast Briefing event this week in London, organized by ClearView Financial Media – publisher of this and other websites – and supported by the World Gold Council, panellists addressed the theme: 2020 Vision: Developing A Future-Proof Wealth Management Proposition.
16 November 2012
Canada's RBC Wealth Management has appointed Ayesha Yasin as an advisor in Washington, DC, this publication can confirm. A spokesperson told Family Wealth Report that Yasin joined from Morgan Stanley Wealth Management, with $116 million in assets under management and $972,000 in production . In other recent moves, last week Harold Langer of the Langer O’Neill Investment group was hired as a senior vice president and financial advisor at the Tucson, AZ, office.
9 November 2012
RBC Wealth Management has appointed Harold Langer of the Langer O’Neill Investment group as a senior vice president and financial advisor at the Tucson, AZ, office, according to branch director Richard Schaefer. Langer - latterly a senior vice president at Merrill Lynch - has 30 years of industry experience and $180 million in assets under administration, with production of $1 . 2 million.
7 November 2012
RBC Wealth Management International, a division serving high net worth clients in Latin America, the Caribbean and the US, has hired Nicolas Seigal as branch director in Miami, OnWallStreet reports. Seigal was formerly associate director of Merrill Lynch’s Miami complex and has been in the industry 18 years, having also worked in Uruguay with Merrill Lynch and BankBoston . At RBC, he takes on responsibility for 13 advisors in the Miami office and a further eight in New York until a branch manager can be found for that office, the report says.
6 November 2012
Deutsche Bank appointed senior manager Jacques Brand as its chief executive for North America, joining the Frankfurt-listed bank’s group executive committee. He took over from Seth Waugh, who as announced in February this year is stepping down after a decade in the post . Brand joined Germany’s largest bank in 1999 in New York.
29 October 2012
Canada’s RBC Wealth Management has brought in two advisor teams from Merrill Lynch Wealth Management at its Leawood, KS, branch, according to complex director Mark Borcherding. Financial advisors Todd Haynes and Thomas Woodward represent the Haynes & Woodward Investment group, while Scott Holder and Jason Carter form part of the Holder/Carter group . The Haynes & Woodward Investment group, with $130 million in assets under management, has over 20 years of combined experience, and the Holder/Carter group - with $80 million in AuM - has nearly 30 years of industry experience.
News and Features
Comment and Analysis
BNY Mellon Wealth Management is planning to double the size of its global sales force, as well as adding a raft of private bankers.
22 May 2013
Here Diane Harrison, principal and owner of Panegyric Marketing, argues that the debate over fees in the hedge fund industry often focuses on the wrong topics.
20 March 2013
Here, Jimmy Chang, a senior portfolio manager and a managing director of Rockefeller & Co, discusses some issues around investing in the current environment.
4 April 2013
The period between 2008 and 2012 saw an uptick in risk reviewing business at New York’s Rothstein Kass Family Offices Group, says partner Evan Jehle.
9 April 2013
Building functionality into a family’s business affairs involves defining each person’s role but it’s never easy to think differently about family members who were children at the dinner table, but are now adults around the board table.
8 April 2013
Marc Odo, director of research at software and business intelligence firm Informa Investment Solutions, discusses why diversification failed during the credit crisis.
25 March 2013