6 May 2013
RBC Wealth Management added to its team in Texas and promoted staff at branches in Florida and Washington. In Austin, TX, Glen Hatch joined as branch director . He took up the role on April 22, having formerly been Austin branch manager for Morgan Stanley, where he spent eight years.
5 April 2013
Oppenheimer & Co, a unit of New York-listed Oppenheimer Holdings, has opened an office in Kenedy, TX - a region which is seeing rapid wealth creation due to a new natural resource there. The firm said the development of the Eagle Ford Shale (a sedimentary rock formation) has resulted in an “economic boom,” producing jobs in the community and the creation of new wealth in the region . “As a result of the sudden wealth in Kenedy and the surrounding communities within Karnes County, we believe residents may need an unprecedented level of financial advice ranging from short-term investment recommendations to long-term financial and estate planning solutions,” said Jeffrey Young, a senior director of investments at Oppenheimer & Co’s Houston office.
4 April 2013
Glenmede, the privately-held investment and wealth management firm, has hired John Carson as a business development manager in Philadelphia, PA. Carson will focus on initiating and broadening relationships with high net worth individuals and families, as well as family offices, endowments, foundations and institutional entities nationally . He will report to Chip Wilson, executive director of relationship management.
2 April 2013
Withers Bergman ramped up its offering for clients with complex cross-border tax affairs with a new partner on the team. Patrick Cox joined Withers Bergman’s international corporate tax group from Brown Rudnick, where he was chair of the firm’s tax group . He helps clients develop effective tax strategies for cross-border and domestic business transactions.
14 March 2013
New York-listed wealth manager Oppenheimer & Co has agreed to pay US authorities $2. 8 million after a Securities and Exchange Commission investigation found that the firm had been misleading investors about a private equity fund . The SEC said that Oppenheimer Asset Management and Oppenheimer Alternative Investment Management distributed misleading quarterly reports and marketing materials to investors about its Oppenheimer Global Resource Private Equity Fund.
5 March 2013
OppenheimerFunds has appointed Laton Spahr as portfolio manager of its Value, Select Value and Small- & Mid- Cap Value funds, with effect from March 11. Spahr is responsible for all related strategies and will also serve as co-portfolio manager of the Oppenheimer Equity Fund . Spahr joins from Columbia Management Investment Advisors, where he was a senior portfolio manager for value and income strategies across institutional and retail investment channels.
5 December 2012
New York-based OppenheimerFunds has aquired SteelPath Capital Management and SteelPath Fund Advisors, for an undisclosed sum. SteelPath is an energy infrastructure investments firm focused on the Master Limited Partnership sector . It offers a range of MLP-focused mutual funds as well as private investments and has some $3.
10 August 2012
JHS Capital Advisors, a registered securities broker dealer and registered investment advisor, has moved into a new office in Portland, OR. The new branch houses 20 employees, making it the second largest center for the firm after its headquarters in Tampa, FL . The firm was launched in 2009 and is aiming to create a “seamless network” between the west and east coasts.
3 August 2012
TAG Associates, a New York City-based multi-client family office, appointed Jonathan Bergman as managing director. Bergman serves as portfolio manager to client accounts and conducts investment manager diligence . He will also join the investment committee, reporting to chief executive David Basner.
23 July 2012
Wells Fargo added five advisor teams to its independent retail brokerage arm in June, boosting the business in New York, New Jersey, Florida, California and Connecticut. The teams manage $1 . 3 billion in client assets collectively.
News and Features
Comment and Analysis
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.
24 May 2013
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.
20 March 2013
Here, Jimmy Chang, a senior portfolio manager and a managing director of Rockefeller & Co, discusses some issues around investing in the current environment.
4 April 2013
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.
9 April 2013
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.
8 April 2013
Marc Odo, director of research at software and business intelligence firm Informa Investment Solutions, discusses why diversification failed during the credit crisis.
25 March 2013