Charles is a specialist on financial advisory industry topics. He was an editor for Investment News and has also written for Financial Planning, Family Wealth Report, RIABiz, Barron’s, The New York Times and Reuters. Twitter: @paikert
In an effort to retain assets and regain the confidence of high-net-worth clients, wealth managers must find ways to improve their overall business model, according to a new report.
There were far fewer wealthy people at the end of last year, and those millionaires and billionaires that remained saw their assets plunge in value, according to a new study.
Wealthy families are applying an increasingly rigorous level of scrutiny to their selection process when choosing wealth managers and family offices, industry executives say.
A settlement being hammered out between OppenheimerFunds Inc. and five states whose Section 529 college savings plans lost…
Several former Merrill Lynch & Co. Inc. executives met with Bank of America Corp. chief executive Kenneth Lewis in April to discuss buying back some or all of the company, it was reported today in the Financial Times.
The Office of the Illinois State Treasurer may reach a settlement with OppenheimerFunds Inc. by the end of this month to recover $77 million for the state’s Bright Start College Savings Program as a result of losses from the Oppenheimer Core Bond Fund last year.
Two-thirds of affluent parents with children under 18 aren't using Section 529 college savings plans, according to a report by The Phoenix Cos. Inc.
Multifamily offices are expecting robust growth in the next six months, despite the continued financial paralysis of many wealthy clients.
Wealthy families who have sold a business this year and are sitting on cash should wait at least six months before making investment decisions, especially in the current economy, according to family wealth experts.
Dan Rice's decision to leave his job as managing director at Convergent Wealth Advisors last month to work full time as a partner for Marshall Fund Capital Advisors LLC may seem like a conventional enough career move.
