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Friday, November 20, 2009
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Wealth Management
U.S. bank J.P. Morgan Chase & Co. said Thursday it has bought full control of J.P. Morgan Cazenove in a 1 billion pound ($1.67 billion) deal with its joint venture partner, the venerable London financial house Cazenove Group Ltd.
Robert McCann, the new chief executive of UBS Wealth Management Americas, took aim at the culture of the firm this morning, while praising its network of 7,300 financial advisers.
The Goldman Sachs Group Inc. is eager to expand its wealth management services to the very rich — and to distribute more of its asset management products through third-party brokers and financial advisers, according to chief executive Lloyd Blankfein.
They're the spoils of a feast that's over forever: Bernard Madoff's stuff on the auction block.
When it comes to providing financial advice to athletes, Morgan Stanley Smith Barney is relying on a little inside baseball to gain an edge in this ultra-competitive sector of the wealth management market.
A Denver man allegedly defrauded people in a national Ponzi scheme involving more than $12 million that was supposed to go real estate investments, the Colorado securities commissioner said.
OpINion Online
What high-net-worth investors really want from advisers
If you think that an impressive track record is going to wow wealthy clients and persuade them to make you their primary adviser, think again.
Wealthy clients want something else that only a small ...
Just a few weeks after officially joining UBS AG as the head of its U.S. wealth management business, Bob McCann has snared four veterans from his former firm, Merrill Lynch & Co. Inc., and established a new “renewal team” for reviving UBS's financial advisory business here.
The Goldman Sachs Group Inc. is eager to expand its wealth management business for wealthy individuals — and to distribute more of its asset management products through third-party brokers and advisers — according to chief executive Lloyd Blankfein.
Just A few weeks after officially joining UBS AG as the head of its U.S. wealth management business, Bob McCann has snared four veterans from his former firm, Merrill Lynch & Co., to help improve UBS' financial advisory business here.
Citigroup will reportedly make cuts in its personal wealth management group that will involve the elimination of some branch-based financial advisers.
UBS AG's wealth management business in the Americas returned to profitability in the third quarter, despite losing financial advisers and client assets.
Louis Freeh, director of the FBI under President Clinton, has joined Wilmington Trust Corp.'s board — bringing a clear anti-fraud and compliance-oriented presence to the trust bank and wealth manager.
RBC Wealth Management has recruited a pair of financial advisers from U.S. Trust Wealth Management, where they ran some $450 million in client assets.
Ending months of speculation, UBS AG last week officially appointed Robert McCann as head of wealth management in the Americas — and he is wasting no time identifying new opportunities for the firm's 8,000 financial advisers.
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