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Daily News Analysis
South Carolina Bank Inks Deals To Upgrade Wealth Management Offering
22 May 2013
South Carolina-based The Palmetto Bank is moving over to Investment Professionals Inc’s brokerage platform, having been with Raymond James previously. The Palmetto Bank is also looking to enhance its trust services and has inked a deal with Thomasville National Bank . IPI said the three firms would work together to provide “seamless interaction between traditional trust and brokerage” for clients of the bank, and boost its assets under management from the current $460 million.
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UK’s Aberdeen Confirms Commitment To US With Acquisition
22 May 2013
Aberdeen Asset Management has completed the deal to buy US-listed Artio Global Investors for a sum of $179. 7 million, based on a price of $2 . 75 per share, following the firm’s announcement in February.
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Executive Departure At Citi Triggers Reshuffle; New CEO Of Private Bank
22 May 2013
Jane Fraser, who has been chief executive of Citigroup’s private bank for the past four years, is to be replaced by Mark Mason as Fraser takes up the post as new head of the US bank’s mortgage business. The current CitiMortgage CEO, Sanjiv Das, plans to leave the bank to “pursue other opportunities,” according to the wording of an internal memo . The move was announced by Citigroup CEO Michael Corbat.
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FINRA Fines LPL Over Email System Failures
22 May 2013
The Financial Industry Regulatory Authority has fined LPL Financial $7. 5 million for email system failures, and ordered the firm to set up a $1 . 5 million fund to compensate customers who were affected by the flaws.
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Fremont Bank Names New Vice President Of Wealth Management
22 May 2013
California-based Fremont Bank has appointed Oscar Harrison as vice president of wealth management services. Harrison, who has 14 years of experience in the financial sector, has held a number of positions at firms including Merrill Lynch, Morgan Stanley and Banc of America Investments . As well as leading the bank's team of wealth management advisors, in his new role, Harrison will be responsible for the development of a full spectrum of products and services that will be available to banking clients.
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Features
EXCLUSIVE: Citi Private Bank: Reaping Rewards From Client Feedback
13 May 2013
Here, top executives at Citi Private Bank explain how the bank’s “Voice of the Client” initiative has rapidly gained traction among both staff and clients.
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WE Family Offices Sets Out To Reshape The Landscape Of UHNW Wealth Management
11 April 2013
WE Family Offices is trying to change the landscape of high-end wealth management with its offering focused on “wealth as an enterprise.”
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FEATURE: A Look At The Mexican High Net Worth Client Market
2 April 2013
Mexico is home to the world’s richest man in the form of telecoms magnate Carlos Slim, but its wealth management market has not received the attention of Brazil’s. That may be changing as the emerging economy garners attention from the industry.
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EXCLUSIVE: Thomas Carroll On His First Few Months At The Helm Of GenSpring
27 March 2013
GenSpring Family Offices is in some ways a poster child for the multi-family office industry: it grew assets under management very quickly for many years but has recently had to tackle problems that come with this increasing scale.
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EXCLUSIVE: Industry Leaders Debate Hot Topics Of Client Centricity, Communications
25 March 2013
Relevancy, transparency and ease of use emerged as goals for wealth management firms to strive for in delivering client-centric communications at a recent event of industry leaders held in New York.
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News and Features
Latest News
South Carolina Bank Inks Deals To Upgrade Wealth Management Offering
UK’s Aberdeen Confirms Commitment To US With Acquisition
Executive Departure At Citi Triggers Reshuffle; New CEO Of Private Bank
FINRA Fines LPL Over Email System Failures
Fremont Bank Names New Vice President Of Wealth Management
Comment and Analysis
EXCLUSIVE: Citi Private Bank: Reaping Rewards From Client Feedback
WE Family Offices Sets Out To Reshape The Landscape Of UHNW Wealth Management
FEATURE: A Look At The Mexican High Net Worth Client Market
EXCLUSIVE: Thomas Carroll On His First Few Months At The Helm Of GenSpring
EXCLUSIVE: Industry Leaders Debate Hot Topics Of Client Centricity, Communications
Expert Commentary
- Top Story
- Opinion of the Week
- Industry Insight
- View from the Top
- Editor's Choice
- Investment Strategy
BNY Mellon Lays Out Big Hiring Plans For Wealth Management
BNY Mellon Wealth Management is planning to double the size of its global sales force, as well as adding a raft of private bankers.
Harriet Davies
22 May 2013
Guest Opinion: An Earnings Report Every Hedge Fund Manager Should Review
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.
Diane Harrison
20 March 2013
Q&A: Rockefeller & Co's Jimmy Chang On The Investment Environment
Here, Jimmy Chang, a senior portfolio manager and a managing director of Rockefeller & Co, discusses some issues around investing in the current environment.
Harriet Davies
4 April 2013
INTERVIEW: Regular Risk Reviews Gain Traction In The Family Office World
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.
Harriet Davies
9 April 2013
FEATURE: Twins And The Business Of Family
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.
Charles Lowenhaupt
8 April 2013
Guest Opinion: Diversification In The Age Of Globalisation
Marc Odo, director of research at software and business intelligence firm Informa Investment Solutions, discusses why diversification failed during the credit crisis.
Marc Odo
25 March 2013
