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Mutli-family office Highmount Capital is planning to open a Switzerland-based office to highlight its international presence. The MFO currently has offices in New York, Boston and Amsterdam.
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HighTower Advisors, an advisor-owned financial services firm that caters to high-net-worth individuals, is ramping up its recruitment efforts and is plotting to open new offices in the U.S. through 2011, according to Elliot Weissbluth, CEO.
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Greycourt & Co., an investment advisory firm that caters to ultra-high-net-worth families in the $130-135 million assets range, along with select endowments, is expanding its alternatives platform.
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Societe Generale Private Banking has appointed William Birbeck as deputy to the global market manager in an attempt to strengthen its offerings to the firm’s teams of dedicated high-net-worth Latin American clients. Birbeck was brought on due to his experience with this target client segment and will be integral in promoting client solutions for wealthy entrepreneurs in the region, noted a spokesperson.
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Family office executives are making one last-ditch effort to reach out to local lawmakers and business leaders to drum up support for making the fiduciary standard mandatory for all wealth management advisors.
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Dallas-based Tolleson Wealth Management is aiming to bring on 10-12 new clients this year and grow its top line by 15-20% each year, Eric Bennett, chief executive, told PAM.
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Newly launched multi-family office Pathstone Family Office, led by former Harris myCFO executives Steve Braverman and Allan Zaccariah, is targeting families with $25 million or more in investable assets with an all-inclusive model similar to a single-family office.
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Arabella Philanthropic Investment Advisors, a philanthropy services firm, is working with ultra-wealthy families’ foundations that are looking to make a philanthropic impact with fewer resources.
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Jenkintown, Penn.-based multi-family office Pitcairn is exploring new opportunities in New York after completing the assimilation of Shelterwood Financial Service’s five families onto its platform, following its acquisition of the firm in December 2009.
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Multi-family office Constellation Wealth Advisors is staffing up in its existing New York and Menlo Park, Calif., hubs and plotting a Los Angeles office and potential future locations in Europe and Asia.
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New York-based Lenox Advisors is increasingly optimistic about investing in emerging markets, particularly emerging market equities, seeing room for growth as valuations improve.
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What if there were an amazing secret to preserving wealth, but it was often overlooked by families and by their advisors? Families, family offices and wealth managers all focus on investing, but can’t control the results.
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Gerard Aquilina, head of international private banking at Barclays Wealth, is on a quest to invest GBP350 million pounds to double the number of bankers serving its ultra-wealthy clients, focusing on recruiting and internal training programs.
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Doshi Capital, the New York-based single-family office of Drs. Nitin and Leena Doshi, founders of Diagnostic Imaging Group, is targeting other family offices and institutions to invest in its Heritage Capital India Fund, a long/short equity fund investing in the emerging Indian market.
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Boston-based multi-family office Silver Bridge Advisors is targeting multi-generational families and single-family offices who are questioning their sustainability in the current economic climate.
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Steve Braverman, president of the Investment Advisory Services unit for Harris myCFO, has left to launch Pathstone Family Office, a New York-based multi-family office.
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Wealth planners and attorneys at the 44th Annual Heckerling Institute on Estate Planning conference were hammering home the basics of family governance.
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Wells Fargo’s newly-minted Family Wealth unit, with $28 billion in assets under advisement, is working with the private bank to leverage in-house offerings and connect to outside managers, particularly long-only managers.
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Family offices and wealth management firms are analyzing solutions to proposed Securities and Exchange Commission and Congressional regulations that could potentially rattle the traditionally secretive market.
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BNY Mellon Wealth Management, TD Bank Wealth Management and Lydian Bank & Trust are stepping up their staffing in South Florida.
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After steering clients clear of illiquid investments for the last two years, Synovus Family Asset Management has decided to carve out an illiquid investments allocation of 5% or more.
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High-net-worth individuals are looking to switch advisors now that 2009 is behind them, and trust companies and registered investment advisors (RIAs) are staffing up to meet the demand.
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Multi-family office Threshold Group will seek acquisitions in a bid to expand its national footprint as soon as it finalizes its merger with Philadelphia-based Ashbridge Investment Management.
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Industry veteran Jamie McLaughlin made waves leaving Convergent Wealth Advisors to join Geller Family Office this fall.
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Money managers and wealth shops have finally stopped cutting costs and are cautiously starting to hire again.
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Mission-Related Investing (MRI)—investing directly in for-profit companies with social and environmental objectives—is becoming the latest trend among family foundations.
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Multi-family offices are increasingly restructuring fees and adding charges for non-core concierge services.
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Wilmington Trust, Lazard Wealth Management and PNC Wealth Management have been stepping up their focus on the East Coast, particularly in the hard-hit New York Tri-state area.
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Multi-family offices are getting ready for a wave of consolidation and joint ventures next year as single-family offices continue to struggle.
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New York-based Pepper International, which services four families that each have an excess of $100 million in assets, is eyeing socially responsible investments, particularly in clean and green technology.
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BBR Partners, a Manhattan-based multi-family office with $3.7 billion in assets under management and roughly 65 clients, is eyeing strategic investments in convertible arbitrage and hedge fund strategies.
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A trio of wealth executives has formed a consultancy designed to screen third-party providers for single-family offices.
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Multi-family office Shelterwood Financial Services has broken away from the Huber family after the family decided to exit the multi-family office business and instead run its own single-family office.
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Michael Moore, the controversial documentary filmmaker behind such titles as “Bowling for Columbine” and “Fahrenheit 911,” is no fan of capitalism, but that doesn’t mean that he hates the rich.
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Barry Glassman, former senior v.p. of Cassaday & Company, has launched his own shop, McLean, Va.-based Glassman Wealth Services.
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Harris myCFO, the $17 billion multi-family office, has introduced a high/low-volatility approach to customizing portfolios for its wealthy families to help conservative investors manage risk.
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San Francisco-based Presidio Wealth Management, a wholly owned subsidiary of Presidio Financial Partners, has raised close to $3 million in growth capital from existing and new investors and plans to use the money to expand.