Single-family offices are shifting from outside funds into direct investments because of declining fund returns and high manager fees.
by
Karen DeMasters
Baird, an employee-owned wealth management firm, is continuing its
expansion by adding seven financial advisors with a total of $970
million in AUM and several new offices to its
lineup.
by Mike Byrnes
When working with rich clients, advisors have to know how to transfer wealth. But they also
need to provide a total solution that encompasses life management
issues.
by Mike Byrnes
Experts at the Elite Wealth Management Conference share insight on understanding and providing better service to very wealthy clients.
by
Kathy Lynch
Citi Private Bank and HighTower are among the firms with new hires.
A
Pablo Picasso painting priced at $8.5 million was among early sales as
billionaires browsed London's biggest Frieze Week.
by
Karen DeMasters
Lovell Minnick Partners LLC, a private equity firm, has agreed to buy
Kanaly Trust, a wealth management firm with approximately $2 billion in
assets under management.
by
Karen DeMasters
Fortigent LLC is beefing up its technology platform for advisors who target high-net-worth clients.
by
Karen DeMasters
Leslie C. Voth, who has served as president of Pitcairn Company, has
been appointed CEO of the multifamily office, succeeding Dirk Jungé, who
will continue as chairman.
Julius Baer Group Ltd. may cut more than 1,000 jobs after its purchase of Bank of America
Corp.'s Merrill Lynch wealth management units outside the U.S.
Hedge funds are
cutting trading costs amid a decline in volumes and muted performance
for the $2.1 trillion industry, a survey found.
by
Ray Fazzi
The former head of SunTrust Banks' sports and entertainment client division has been named CEO of GenSpring Family Offices.
John Paulson, the
billionaire hedge-fund manager coming off record losses in 2011,
further pared declines in his Gold and Advantage funds last month,
according to sources.
by
Kathy Lynch
Citi Private Bank and BNY Mellon have expanded operations and filled new positions.
by
Karen DeMasters
Advisors at family offices spend nearly a third of their time in
accounting and preparing reports for the wealthy families they service,
according to a new study.
Princeton
University, Dartmouth College and Yale University are all searching for
new presidents, fueling speculation that some top Washington officials
may seek haven in the Ivy League.
by
Karen DeMasters
Real estate may be a booming market for ultra-high-net-worth investors in Asia, according to a new study.
Private-equity
firms that are diverse or minority-owned achieved higher gains than the
broader industry, according to a report today by the National
Association of Investment Companies.
Irene Tse, the former Goldman Sachs Group Inc. partner hired by JPMorgan
Chase & Co. to help manage the bank's
balance sheet while it boosted risk, is leaving to start a hedge fund.
Jeffrey Gundlach,
the CEO of DoubleLine Capital LP who had about $10
million in art stolen from his home in Santa Monica, California, two
weeks ago, said all the works were recovered.
