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Eric Haskel, senior partner and head of real estate at Greycourt & Co., an investment advisory firm that caters to ultra-high-net-worth families, has left the firm to join Perella Weinberg Partners.
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Earlier this year, the Securities and Exchange Commission (SEC) significantly revised the Investment Advisers Act of 1940, addressing the custody of client funds and securities by investment advisers registered with the SEC under the Advisers Act (RIAs).
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Palo Alto, California-based kaChing, a platform that allows money managers and affluent individuals to tap into high-quality investment managers and have transparent transactions, is now targeting wealth managers and high-net-worth individuals with the platform, according to Andy Rachleff, president and CEO.
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BNY Mellon Wealth Management has brought on Michael Yavner as vice president and senior director for its office in Miami.
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New York-based wealth management firm Fogel Neale Partners is planning to open a New Jersey office.
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Lenox, Massachussets-based wealth management firm, The Keator Group, is stressing the importance of an updated financial plan for its high-net-worth clients.
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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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If you’re affluent, charitably inclined, and would like to provide for the educational and medical needs of your children and future generations, consider using a health and education exclusion trust (HEET).
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Due to the new healthcare legislation, high-net-worth individuals are looking for more detailed specialization when it comes to healthcare, particularly when it comes to travel risks and disease prevention, noted Bruce Spector, chairman and founder, and Miles Varn, chief medical officer, at PinnacleCare.
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Former UBS Wealth Management executive Timothy O’Hare has joined Lazard Wealth Management as senior vice president and director of tax and financial planning.
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Economic Armageddon arrived with a crash and employment volatility has plagued the financial services industry ever since. The only real certainty has been uncertainty, but change appears to be on the horizon.
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Barclays Wealth is staffing up in its alternative investment origination and distribution teams.
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With federal debt increasing and tax cuts being allowed to expire at year-end, wealthy clients should look to speak with their advisors and tax specialists to carve out the best approach for them going forward, according to a recent Merrill Lynch Webcast series coined Preparing for Higher Taxes.
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Atlantic Trust is expanding throughout the U.S., particularly in Houston, Austin and New York.
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Curtis Arledge, the former CIO of BlackRock’s fundamental fixed income portfolios, is set to join BNY Mellon as vice chairman and CEO of BNY Mellon Asset Management at some point in the fourth quarter, according to a spokeswoman.
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Former Wells Fargo Advisors’ managing director of investments, Jeffrey Sica, has launched Morristown, New Jersey-based RIA SICA Wealth Management.
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It’s not what you earn, it’s what you keep that matters. High income earners are subject to our nation’s highest tax rates.
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Reuben Jeffery, the newly-appointed CEO of Rockefeller Financial, told PAM that he will continue to build out the firm’s brand and broaden its market reach, presence and visibility.
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Tiger 21, a peer-to-peer network for high-net-worth investors, is expanding its international reach and opening groups in Vancouver, Calgary, Toronto and Montreal.
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RBC Wealth Management has brought on Kevin Williams as senior vice president and branch director of its Richmond, Virginia, office.
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Barclays Wealth has opened its national U.S. trust company, as it continues to build out its services to U.S. clients.
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As part of U.S. Trust’s strategic push to bring on top talent, the firm has snagged Stephen Doty as Northeast division investment executive.
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Wayne Salley, an insurance advisor working in the high-net-worth (HNW) space, has launched New Jersey-based WS Risk Management Consulting in an attempt to offer a risk advisory service to wealthy clients and families. Prior to launching the firm, Salley was a private risk manager for PLI Brokerage.
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Mitch Helton, the regional financial planner and wealth advisor at SunTrust, has jumped ship to BB&T Wealth Management in Sarasota, Florida, to take on a similar role, according to a source familiar with the situation.
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It’s a common story these days: high-net-worth (HNW) families in need of household help and frustrated by high agency fees are turning to the Internet to do it themselves.
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The College for Financial Planning (CFFP) has launched a designation called Accredited Portfolio Management Advisor, created for financial advisors looking to enhance their knowledge in the areas of investment management theory, security valuation and overall portfolio design and management.
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When was the last time you called your insurance agent?
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Rogerscasey, an investment solutions firm that caters to high-net-worth individuals, foundations and endowments, has hired Adam Tosh, former Kentucky Retirement Systems CIO.
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Barclays Wealth recently added former Morgan Stanley executives Robert Sperber and James Haefele as part of an ongoing expansion strategy.
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Cetera Financial Group has launched AdvisoryOnline 2.0, a platform that allows advisors to compile client data in ready-made reports and custom searches and data dashboards that can be exported.
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Wells Fargo Private Bank has tapped former wealth strategist Gardner Sherrill to join its Sarasota, Fla., office as a wealth advisor and v.p. Sherrill, who comes from Northern Trust after six years with the firm, will be responsible for working with high-net-worth clients.
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Charles Schwab has written a white paper to help registered investment advisors prepare for the new cost basis requirements that will begin taking effect on Jan. 1.
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JPMorgan has tapped Dina Friedman as v.p. for its wealth advisory and fiduciary services group in New York.
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Massey Quick, a New Jersey-based wealth management and investment consulting firm, has added two analysts to its team, Stewart Massey, founding partner and cio, told PAM.
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Following Threshold Group’s acquisition of Ashbridge Investment Management, Bill Knott, the former chief relationship officer for Ashbridge, is leaving the firm to focus on finding another position in the industry, according to Ed Lazar, president. The
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Citi Private Bank has been expanding nationally with significant hires in regions such as San Francisco, Orange County and New York, among others.
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Rockefeller Financial is focused on business development and growing its presence particularly on the West Coast.
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If you were able to see what’s going on in our industry, from a higher altitude it would become obvious that the wealthy and their advisors appear to be on course for a head-on collision.
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RBC Wealth Management, which recently brought on the high-producing team of Charles Putney and William McCrae from UBS for its Portland, Ore., office, is preparing to bring on two additional executives shortly, Richard Sorenson, complex director, told PAM
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Charles Schwab has launched an online training program, Schwab Advisor University, to train registered investment advisors to improve performance and productivity.
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JHS Capital Advisors is expanding its wealth management unit. To that end, it has tapped Cheryl Smith from GunnAllen Financial as a wealth management advisors focused on looking at high-net-worth clients’ total financial picture, noted Eileen Canady, director of strategic development.
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Bessemer Trust has tapped Joshua Rosenberg as a principal of the Atlanta office.
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Atlantic Trust Private Wealth Management is expanding its investment team and has brought on Adam Karpf as a portfolio manager and Clayton Santimore as a senior investment analyst.
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Wealthy clients are requesting more hand-holding and in-depth research for investments since the market downturn, according to Neuberger Berman executives.
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McNally Capital, a provider of advice and management services to family offices, endowments and foundations, is hosting its fifth quarterly invitation-only Family Office Private Equity Forum on June 15 in Chicago.
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Following John McGuinness’ recent move from Bank of America to Citi Private Bank in New York, two additional BofA executives have also joined Citi’s New York operations.
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Hargreave Hale, a U.K. investment firm, has launched Hargreave Hale Sports Financial to focus on wealth management for professional athletes.
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Linda Ludwig, the former investment representative with Barclays Wealth, has joined Neuberger Berman as a portfolio manager for the Bolton Group within the firm’s private asset management division.
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Gary Shunk, founder of Family Wealth Dynamics, a consulting firm that helps both families and advisors deal with the effects of wealth, is seeing an increasing need for improving trust among families, family offices, wealth advisors, lawyers or estate planners.
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Citi Private Bank tapped John McGuinness, former managing director for Bank of America in its Family Wealth Advisors unit.
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PriceMetrix has created a commission schedule to balance out compensation on equity trades for high-end broker-dealers and wealth advisors.
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Ted Cecala, Wilmington Trust’s ceo and board chairman, is retiring after 31 years of service.
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Steve Houston, the newly-minted head of wealth management, Americas for Barclays Wealth, will be leading the charge in the firm’s expansion efforts in the U.S., Mitch Cox, head of Barclays Wealth, Americas and global research and investments, told PAM.
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Richard Weiss, Los Angeles-based City National Bank’s cio for the wealth management unit, has left the firm after 11 years to take a post with American Century Funds in Manhattan Beach, Calif.
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Philip Wagner, a former executive with Plymouth Meeting, Pa.-based Legacy Advisors, has left to take a senior position with Davidson Trust Company.
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BNY Mellon Wealth Management has hired a head of international business, a newly-created role.
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Private banking and wealth management have long been considered the revenue and profit strongholds of banking because of their relatively high profit margins and low revenue volatilities.
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U.S. Trust, Bank of America Private Wealth Management recently hired Grant Boyd from Wells Fargo, where he was senior v.p. and private banking manager for the Southeast region.
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WealthTrust’s Founder and CEO Rusty Benton is stepping down in his role to launch an independent consulting firm that will specialize in merger and acquisition activities, business strategy and internal ownership issues.