Strategy
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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BNY Mellon Combines Bank, Brokerage Custody Into Single Service Offering
17 May 2013
BNY Mellon’s Pershing Advisor Solutions and Wealth Management Advisor Custody Group will offer an integrated bank and brokerage custody service. The firm said it has created a single offering to give wealth managers, investment advisors and family offices a “richer client service experience . ” “Advisors will no longer have to choose between custody service models and will be able to offer clients more choices,” BNY Mellon said.
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New Research Reveals A Two-Speed Industry On Client Feedback
15 May 2013
Systematically soliciting feedback from clients and then using this strategically might seem to be a “no-brainer,” but as yet this seems to be anything but the norm in today’s wealth management industry, according to sister publication WealthBriefing’s latest research report, The New Normal: Codifying Superior Client Experience In Wealth Management. (This report is free to download as part of Family Wealth Report member benefits, as is access to an extensive webcast of senior executives discussing its findings) . Produced in association with Barclays Wealth and Investment Management, this groundbreaking research report is based on a survey of 346 industry professionals all arou.
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Vestra Launches SEC-Regulated US Wealth Business
15 May 2013
Vestra Wealth, the UK-based firm, is launching a US business dedicated to addressing the complex regulatory and tax issues faced by transatlantic investors. Vestra US Wealth Management is regulated by both the UK’s Financial Conduct Authority and the Securities and Exchange Commission . It is led by directors Paul Nixon and Neil Williams, and also has a specialist team which will create portfolios for clients that take into account income and growth requirements, as well as tax and investment constraints.
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Risk Awareness At Investment Firms Changed “Beyond Recognition” After 2008 - Research
8 May 2013
The number of investment institutions prioritizing risk management has more than doubled since before the 2008 financial crisis, but the way in which risk is communicated internally is holding back further progress, according to new research by the Economist Intelligence Unit. The survey, Closing the communication gap: How institutional investors are building risk-aware cultures, was conducted in the first quarter of 2013 and commissioned by State Street Corporation . Respondents included about 300 executives of investment institutions,.
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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
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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
