RBC Wealth Management
4 October 2013
BMO Global Asset Management added Christopher Keenan as senior securities lender/trader and Katherine DellaMaria as portfolio manager to its securities lending and short duration fixed income groups. Both are based in the Canadian firm’s Chicago, IL, office . Raymond James hired Kevin Monaco to lead the establishment and expansion of new branches in San Diego and the surrounding areas.
23 September 2013
RBC Wealth Management has added The DiChiaro-Bourgault Group to its Providence, RI, office, according to Daniel Kennedy, Providence branch director. The DiChiaro-Bourgault Group joins from JP Morgan Securities and has some $192 million in assets under management and $1 . 9 million in total production.
20 September 2013
One of the most prominent US political foes of offshore tax jurisdictions, Senator Carl Levin, has unveiled the Stop Tax Haven Abuse Act, claiming the US loses about $150 billion a year in lost revenue.
9 September 2013
Citi Private Bank is intensifying its focus on the ultra high net worth segment, with more senior hires in California and Texas.
9 September 2013
There was hardly a pause for breath in the traditional vacation month of August as far as job moves in the North American wealth market were concerned.
30 August 2013
Net income at RBC Wealth Management ended the third quarter of 2013 at what the firm said was a record $236 million, up $80 million, or 51 per cent, compared to a year, and up $11 million, or 5 per cent, on the previous quarter. The big year-on-year hike in net income was mainly due to higher average fee-based client assets resulting from net sales and capital appreciation, the Canada- and New York-listed bank, which also has a considerable footprint in Asia, announced yesterday . Higher transaction volumes also contributed to the increase, it said.
29 August 2013
Latin America continues to offer solid opportunities to international firms looking for growth, according to a new report by BoA Merrill Lynch.
28 August 2013
RBC Wealth Management has added Brian Post, senior financial associate, to the Eagle, ID, office, where he joins the King Miller Barrios & Boe Investment Group. Post will be responsible for trading and the management of client portfolios, in addition to being a member of the investment committee . He has ten years of experience in the areas of research, banking, private equity and commercial real estate investing.
19 August 2013
How will China and the US fare in the luxury goods and services stakes in coming years? Trends in the luxury sector are often as useful temperature gauge for the wealth management industry in figuring out customer desires, new sources of wealth, and risks.
14 August 2013
Janney Montgomery Scott, the Philadelphia, PA-headquartered wealth management and investment banking firm, has appointed Peter Price as senior vice president/complex manager of the firm’s Maine and New Hampshire complex. Price, with nearly 30 years of financial services experience, began his career in 1984 as a managing director at Livada Securities . After leaving Livada Securities, he joined Advest and was latterly at RBC Wealth Management.
News and Features
Comment and Analysis
Holding regular, face-to-face family meetings can help families to overcome some of the issues that can cause their wealth to dissipate over generations, says Claudia Sangster of CTC Consulting | Harris myCFO.
5 December 2013
There is “significant value” locked up in the information about things that people own and are acquiring, says Scott Walchek, chief executive at Trōv.
22 November 2013
This is the first of a two-part article looking at tax planning and philanthropy issues. It is written by Susan Dauber, philanthropic advisor with Strategic Philanthropy.
30 September 2013
Ultra high net worth clients are interested in intellectual capital and sophisticated capabilities - they “don’t need to be sold anything,” says John Mathews, head of UBS Private Wealth Management.
7 October 2013
Banyan Partners chief executive, Peter Raimondi, speaks to Family Wealth Report about its spate of recent acquisitions and its strategic direction going forward.
14 October 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