Strategy
Daily News Analysis
JP Morgan Spins Off Private Equity Unit
17 June 2013
JP Morgan's private investment arm, One Equity Partners, will raise its next fund from an external group of limited partners, as it becomes independent from the New York-listed firm. One Equity Partners, which currently manages approximately $4 . 5 billion of investments for JP Morgan in direct private equity transactions, will continue to manage the existing group of portfolio companies for JP Morgan so as to “maximize value for the firm,” it said in a statement.
*****
RBC Mulls Acquisitions To Boost Wealth Management Business
14 June 2013
Royal Bank of Canada could channel up to C$5 billion ($4. 9 billion) into acquisitions to bolster its wealth management business, the firm’s chief financial officer, Janice Fukakusa, reportedly told attendees at a conference in New York this week . According to Bloomberg, Fukakusa said any move valued at between C$500 and C$2 billion would be “pretty manageable.
*****
Pershing Launches Online Practice Management Center For Advisors
7 June 2013
BNY Mellon’s Pershing has created an online practice management center, bringing its range of materials including interactive tools, thought leadership and white papers into one location. Information is grouped into four segments - growth, human capital, operational efficiency and managing risk - and then also assigned to a topic within each segment . “The value of practice management has become more important than ever as advisors take on a greater role in managing their own business,” BNY Mellon said.
*****
Morgan Stanley Hires Advisors From UBS, Wells Fargo In Florida
6 June 2013
Morgan Stanley Wealth Management confirmed that it has recruited advisors in Plantation, FL, and Miami, FL, from Wells Fargo and UBS respectively. In Plantation, Ricardo Kent joins from Wells Fargo and reports to branch manager Giovanni Renteria and complex manager Billy Van Scoyoc . Kent has a T-12 production of about $1 million and oversaw $100 million in assets at his former firm.
*****
Morgan Stanley's Fleming Outlines Big Spending Plans At Reuters Summit
5 June 2013
The days of creating “respectable” profit margins via arduous cost-cutting are over, Greg Fleming, who runs Morgan Stanley’s wealth and asset management business, told attendees at the annual Reuters Global Wealth Management Summit in New York. Fleming said he intends to splash $500 million on technology by the middle of next year, alongside three other business strategies, all of which will encourage growth through spending . “We are driving growth and the top line rather than primarily on the expense side of the equation,” he told Reuters.
*****
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.
*****
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.”
*****
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.
*****
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.
*****
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.
*****
News and Features
Latest News
Janney Makes Senior Hires At New Office In Maryland, Adds Senior VP In Florida
BMO Private Bank Hires Two Managing Directors In Illinois
Resource Real Estate Launches Diversified Income Fund
Argent Financial Group Appoints Business Development Officer
Global Investor Confidence Rose In May; Europe Makes A Comeback - Merrill Survey
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
- Top Story
- Opinion of the Week
- Industry Insight
- View from the Top
- Editor's Choice
- Investment Strategy
Regulation Puts Squeeze On Global Wealth Industry - RBC/Capgemini
The rising level of financial sector regulation means that fewer firms will be able to offer the full suite of wealth management products, according to the RBC/Capgemini World Wealth Report.
Tom Burroughes
19 June 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
