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Daily News Analysis
US Wealth Management Recruits Two Advisory Teams, Targets $1 Billion AuM Next Year
24 May 2013
US Wealth Management, a network of wealth managers, has recruited two new independent financial advisory practices to its platform, including Equity Planning and a team of two advisors based in Lehigh Valley, Pennsylvania. The addition brings the firm’s total recruited advisory and brokerage client assets to more than $600 million . USWM, which began the year with approximately $350 million of recruited advisory and brokerage client assets, expects to exceed $1 billion in total recruited advisory and brokerage client assets by this time next year.
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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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Citigroup Sells Consumer Finance Units In Brazil
16 May 2013
Citigroup is selling its consumer finance units to Brazil’s Banco Itaú Unibanco for R$2. 77 billion (around $1 . 37 billion), subject to regulatory approval.
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Boston Private Bank & Trust Completes Sale Of Washington Offices
14 May 2013
Boston Private Bank & Trust has sold its Seattle, Bellevue and Redmond offices to Spokane, WA-based Sterling Financial Corporation. Together, the branches have some $276 million in performing loans and $172 million in deposits . Financial details of the transaction were not disclosed.
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Global Alternatives Firm To Buy New York-Based AREA Property Partners
13 May 2013
Los Angeles, CA-based Ares Management, the global alternative asset manager and SEC-registered investment advisor, is acquiring AREA Property Partners, a New York-based real estate management firm investing across North America, Europe and India. The transaction includes the acquisition of the minority stake in AREA held by National Australia Bank . Terms of the transaction were not disclosed a.
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Features
Silicon Valley Takes On The Wealth Industry - Part One
11 April 2012
Firms originating in Silicon Valley are bringing their technological expertise to bear on wealth management services in a bid to make these more widely available at lower cost: should the industry be wary or encouraged?
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Exclusive: Casady Outlines LPL’s Plans For Fortigent
21 February 2012
LPL Investment Holdings is prepared to pour money into Fortigent - even if it means forgoing profits for several years - in order to eventually accelerate revenues and establish market leadership, LPL chief executive Mark Casady told Family Wealth Report.
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LPL Deal Won’t Change Fortigent Team Or Focus, Putterman Tells Clients
17 February 2012
Fortigent’s top management isn’t going anywhere as a result of its impending acquisition by LPL, the wealth management outsourcing firm’s president and chief executive Andrew Putterman reassured clients gathered yesterday in Savannah, GA.
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Regulatory Heat Forces Tough Decisions For Family Offices In 2012 (Part Three)
2 February 2012
Rosalyn Breedy, of Breedy Henderson Solicitors, continues her survey of the regulatory landscape for family offices and considers whether private investors will be better protected under regimes such as Dodd-Frank and the AIFMD, with a focus on developments in the UK and Cayman Islands.
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New Service Aims To Keep Ultra-Wealthy Clients' Money Where It's Well Managed
20 January 2012
A new type of firm, created by financial services veteran Doug Black, is looking to sort the wheat from the chaff when it comes to ultra high net worth wealth management.
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News and Features
Latest News
RIA To Unveil Succession, Acquisition Program For Advisors
As A Wealth Preserver, The Dollar Beats Gold At The Moment, Says Private Bank
Summary Of Miscreants In The World's Wealth Management Industry
KeyBank Names Vice President For New York
US Wealth Management Recruits Two Advisory Teams, Targets $1 Billion AuM Next Year
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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- Investment Strategy
Zürcher Kantonalbank Expects To Pay Big Fine To US Over Tax Evasion Case
Zürcher Kantonalbank, the biggest Swiss cantonal bank, expects to pay a fine to US authorities as part of a deferred prosecution agreement for its alleged role in helping US citizens evade taxes, media reports said.
Tom Burroughes
24 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
