Private Asset Management | The pipeline to the affluent
September 02, 2010

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  • BNY Acquires Canadian Wealth Firm   09/02/2010  

    BNY Mellon has completed its purchase of I(3) Advisors of Toronto.

  • Ladenburg Thalmann Acquires Premier Trust   09/02/2010  

    Ladenburg Thalmann Financial Services has completed its previously announced acquisition of Premier Trust, a provider of wealth management services, including trust administration, estate and financial planning, custody and investment services.

  • Harris Private Bank Targets Local Clients   09/02/2010  

    Harris Private Banking held the grand opening Wednesday afternoon for the new office at 130 Simcoe St. The office officially opened its doors in May, said managing director Eileen Grady.

  • Private Banks To Benefit From Data Techniques   09/01/2010  

    Wealth managers should apply online dating or betting techniques to capture a share of the estimated $10 trillion that rich individuals have yet to invest, according to Scorpio Partnership.

  • Convergent Advisors Receive Top Ranking   09/01/2010  

    Convergent Wealth Advisors had four of the firm's advisors included on Barron's 2010 ranking of the nation's Top 100 Independent Financial Advisors.

  • Bank of Hawaii To Reopen WM Office   09/01/2010  

    Bank of Hawaii is re-opening its private client services office at its Waialae-Kahala location.

  • Lorence & Vander Zwart WM Featured In Forbes   08/31/2010  

    Jim Lorence and Ryan Vander Zwart, registered representatives with NEXT Financial Group, Inc., member FINRA/SIPC, and partners at the financial planning firm of Lorence & Vander Zwart, have been featured in the August issue of Forbes.

  • UBS Names Alternatives Head   08/31/2010  

    UBS Wealth Management Americas, a unit of UBS AG, recently hired Jerry Pascucci, a former Morgan Stanley Smith Barney executive, as head of alternative investments.

  • Lorence & Vander Zwart WM Featured In Forbes   08/31/2010  

    Jim Lorence and Ryan Vander Zwart, registered representatives with NEXT Financial Group, Inc., member FINRA/SIPC, and partners at the financial planning firm of Lorence & Vander Zwart, have been featured in the August issue of Forbes.

  • California United Promotes Execs   08/31/2010  

    California United Bank has promoted Shelley Gibson to senior vice president, private banking and Kevin McElroy to senior vice president, Commercial Real Estate and Construction Lending.

  • UBS Names Alternatives Head   08/31/2010  

    UBS Wealth Management Americas, a unit of UBS AG, recently hired Jerry Pascucci, a former Morgan Stanley Smith Barney executive, as head of alternative investments.

  • California United Promotes Execs   08/31/2010  

    California United Bank has promoted Shelley Gibson to senior vice president, private banking and Kevin McElroy to senior vice president, Commercial Real Estate and Construction Lending.

  • City National Bank Staffs Up   08/31/2010  

    City National Bank has hired six banking and investment management veterans for its Private Client Services Group in San Francisco.

  • Sanders Financial Named Top Wealth Manager   08/31/2010  

    For the sixth year, Atlanta’s Sanders Financial Management has been nationally recognized and named to the list of the nation’s “Top Wealth Managers.”

  • Stevens WM Receives Top Honors   08/31/2010  

    Stevens Wealth Management, a Chicago-based financial advisory firm, recently appeared in Financial Advisor magazine's 2010 list of largest and fastest growing registered investment advisor (RIA) firms.

  • Baird Private Wealth Chief Steps Down   08/27/2010  

    Denise Wypiszenski, chief operating officer at Robert W. Baird’s private wealth-management group, has stepped down after less than a year.

  • RBC WM Plans Expansion   08/27/2010  

    The local office of RBC Wealth Management has moved to 80 Linden Oaks from Bausch & Lomb Place, and plans to add 12 employers in the next two years.

  • IOFF Plots WM Growth   08/27/2010  

    IOOF Holdings has stepped up efforts to convince the competition regulator that it is best placed to become a significant rival to the banks in the wealth management market.

  • Blair Launches Investment Advisory Firm   08/26/2010  

    Former Prime Minister Tony Blair has formed his own investment advisory business offering services to high net worth clients and global funds.

  • Neuberger Names San Fran Wealth Chief   08/26/2010  

    Neuberger Berman has put ex-National Basketball Association player John Lambert in charge of its U.S. West Coast high-net-worth business.

  • WM Industry Develops New Strats For Clients   08/26/2010  

    The wealth management industry has witnessed dramatic changes in the last two years due to the economic crisis.

  • BNY Grows In San Francisco   08/25/2010  

    BNY Mellon Wealth Management has hired the first two of 10 private-client professionals it plans to bring to its San Francisco office by year end.

  • TMB Targets Rich Clients   08/25/2010  

    TMB Bank is improving its services to attract high net worth customers, says chief retail banking officer Michal Szczurek.

  • Baird Taps Morgan Stanley Advisors   08/25/2010  

    Baird Private Wealth Management said on Tuesday it hired eight advisers and a branch manager from Morgan Stanley Smith Barney to establish new offices in Charleston, South Carolina, and Fort Worth, Texas.

  • Morgan Stanley Snags Wells Fargo Advisors   08/24/2010  

    Morgan Stanley appointed Ben Dembin and Francis Schiavetti as advisors in Boca Raton, Florida.

  • GAM Grows Profits   08/24/2010  

    Swiss-listed wealth management firm GAM has seen profits rise 36% in the first six months of the year and announced plans to buy back 10% of its shares over the next two years.

  • Credit Suisse Taps Wealth Consulting Team   08/24/2010  

    Credit Suisse has hired a team of four senior wealth management advisers to sit alongside its relationship managers.

  • UBS Brings Back Trainees   08/23/2010  

    UBS Wealth Management Americas is bringing in a new class of financial adviser trainees, reviving and revamping a program that has been on hold for about two years.

  • Prestwood Hires Top Advisors   08/23/2010  

    Prestwood Group has recruited top financial planners, including Becky Taylor, Marlene Shalton, and Adrian Johnston.

  • SEI Poised For Growth   08/23/2010  

    SEI Investments is poised to regain some of the market share it has lost to archrival Genworth Wealth Management.

  • Citi Appoints Hodes To Wealth Role   08/20/2010  

    Citigroup has appointed its Malaysian retail bank head Paul Hodes Asia-Pacific head of wealth management products for its regional consumer bank.

  • McColgan Joins Primerica   08/20/2010  

    Ellyn McColgan, the former head of wealth management at Morgan Stanley, has joined the board of financial services firm Primerica.

  • Cornerstone WM Hosts Retirement Seminar   08/20/2010  

    Cornerstone Wealth Management Group is sponsoring a Social Security and Retirement seminar for local residents.

  • Boston Private Implements Capital Stream Solution   08/19/2010  

    Boston Private Bank & Trust Company has successfully implemented the CapitalStream(TM) "Straight Through Processing" solution.

  • UBS Hires In Hong Kong   08/19/2010  

    Two senior Hong Kong-based executives recently left UBS Wealth Management, while one has joined the firm.

  • WM Group Hosts Food Drive   08/19/2010  

    President and CEO of Padilla & Associates Wealth Management Group and an Investment Advisor Representative with NEXT Financial Group, said that his firm and its clients will be hosting a food drive benefiting the local food bank.

  • Senior Execs Depart Barclays   08/18/2010  

    A pair of senior private bankers at Barclays Wealth who were last year named as Financial News' Rising Stars in Wealth Management have left the bank along with two other colleagues.

  • Mack To Speak At Canadian WM Event   08/18/2010  

    Linda Mack, founder and president of Mack International, will be a featured presenter at the fifth semi-annual Canadian Private Family Office Invitational.

  • U.S. Trust Grows In Northeast   08/18/2010  

    U.S. Trust has appointed three executives to its northeast division.

  • Wealth Managers Eye Sports Stars   08/17/2010  

    The huge influx of money into professional sport has created a niche but growing market for private banks and wealth managers.

  • Wilmington Trust Names Board Members   08/17/2010  

    Wilmington Trust has named Jay Wilson and Stephen McKnight as members of the subsidiary's Board of Directors.

  • Fogel Neale Hires MSSB Advisor   08/17/2010  

    Fogel Neale Partners, a wealth management firm with offices in New York, has hired Denise Otten as senior vice president of wealth management for the New Jersey region.

  • Wealth Firm Offers Life Skills Clinic   08/16/2010  

    Hockett & Olsen Automotive and Integrated Wealth Management are presenting a life skills clinic for young adults on Aug. 21.

  • Wealth Managers In Hiring Mode   08/16/2010  

    Citigroup, Deutsche Bank, Merrill Lynch and HSBC are among those planning to expand their private banking teams this year.

  • StanChart Eyes Emerging Affluent Asian Wealth   08/16/2010  

    Standard Chartered plans to hire 800 bankers in the next 12-18 months.

  • India’s Rich Look To Wealth Management   08/13/2010  

    India has around 130,000 people with investable assets of more than $1 million, according to a recent report by Capgemini and Merrill LynchWealth Management.

  • UBS Taps JP Morgan Vet In Europe   08/13/2010  

    UBS named JP Morgan veteran Jakob Stott to head its European wealth management unit.

  • BBVA Compass Names Exec For Wealth Unit   08/13/2010  

    BBVA Compass has named Dustin Lamb vice president of Healthcare Financial Solutions for the bank’s wealth management group.

  • Citi Hires Law Firm Specialists   08/12/2010  

    Citi Private Bank has hired three investment counselors for its Law Firm Group in New York and San Francisco.

  • City National Adds Three Wealth Specialists   08/12/2010  

    Los Angeles-based City National Bank has added three private-client specialists in Orange County, Calif.

  • Banks Segment Private Banking Services   08/12/2010  

    More banks are coming up with new services to target the rising number of affluent Asian consumers in countries like China and India.

  • India’s RBI Proposes Private Banking Rules   08/11/2010  

    India's central bank proposed higher capital requirements and capping the foreign holding below 50% in new private-sector banks as it considers issuing fresh banking licenses.

  • Wells Fargo Hires Private Bankers   08/11/2010  

    Wells Fargo Private Bank recently hired Bonnie Humphrey, a senior wealth-planning strategist, from HSBC and Christopher Ross, a wealth adviser, from Neuberger Berman.

  • Ayala Land Sponsors Wealth Seminar   08/11/2010  

    Ayala Land sponsored a seminar on finding the key to financial success Saturday at the Sheraton Cerritos Hotel.

  • Bank of Singapore Snags DBS Execs   08/10/2010  

    Bank of Singapore, the private banking arm of Oversea-Chinese Banking Corp, has hired three bankers from DBS that will manage rich clients from Indonesia.

  • Merrill Lynch EMEA Hires Two   08/10/2010  

    Merrill Lynch Wealth Management has named Tamer Rashad as head of Middle East Wealth Management and Amir Sadr as head of the Institutional Client Group and the Family Office Group.

  • Ruggie WM Lands On ‘Tops Advisor’ Lists   08/10/2010  

    Wealth Manager magazine announced that Ruggie Wealth Management, headed by president Thomas Ruggie, made its 10th annual Top Wealth Managers List.

  • HNW Advisors Form Wealth Management Firm   08/09/2010  

    Financial advisers Steve Jones and Seth Gunderson have formed Tenacity Investment Group.

  • Lydian Private Bank Loses $6 Million   08/09/2010  

    Lydian Private Bank reported a $6.2 million loss in the second quarter after restating its first quarter results to show a loss.

  • Collins Stewart Builds Out Sports Advisory Firm   08/09/2010  

    Collins Stewart Wealth Management has appointed an experienced high-net- worth business introducer with connections within the sports, media and entertainment industries.



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