21 June 2007
Buyer says PL purchase extends its own reach in the financial-service arena. Jefferies has acquired investment bank Putnam Lovell from Montreal, Canada-based National Bank Financial . Jeffries, a prime brokerage and investment bank, says the deal extends its reach as dealmaker in the financial-service space.
19 June 2007
Dreffein passes torch to Livingston at Jackson Life's National Planning biz. Jackson National Life Insurance affiliate National Planning Holdings (NPH) has named James Livingston as its new CEO . He replaces Shawn Dreffein, who has retired.
5 June 2007
That's one way to view its decision to purchase retail broker A. G . Edwards.
11 April 2007
David Meyncke formerly with Jennison Dryden joins as investment consultant. Hartford, Conn . -based Phoenix Investment Partners has made former Jennison Dryden wholesaler David Meyncke a regional investment consultant for its business in Florida.
13 June 2006
Berkshire Capital and MilleniumAssociates strengthen ties to global clients. Investment-banking boutique Berkshire Capital Securities and M&A advisory MilleniumAssociates plan to create a transatlantic mergers & acquisitions advisory franchise focused on international financial-service deals . New York-based Berkshire Capital provides merger, acquisition, fairness, opinion, valuation and strategic advisory services to asset-management and securities firms.
17 April 2006
Traditional distribution theory may not be the right approach for retirees. Upending traditional notions of tax-efficient retirement planning, Prudential Financial says the usual sequence of tapping retirement funds – first accessing taxable accounts, then partially tax-deferred assets, and finally delving into fully tax-deferred accounts – may not be the most effective approach . Robert Fishbein, author of a white paper on tax-wise retirement-income distribution and a v.
31 March 2006
Cut-rate SMA vendor says it’s feeling expansive again. Curian Capital plans to hire nine new wholesalers by the end of June . The Denver-based third-party separately managed account (SMA) platform provider says it’s ramping up to support new opportunities to push its low-minimum, models-based SMA platform into the independent brokerage channel.
18 January 2006
New offerings to increase flexibility for individual retirement programs. Jackson National Life has added to its Perspectives family of variable annuities by adding four new “Target Date” portfolios, subadvised by Standard & Poor’s Investment Advisory Services, and one new “Target” portfolio, subadvised by Mellon Capital Management . Jackson says the new options are meant to give advisors more tools to help ensure that their clients receive stable income streams in their retirement years.
8 November 2005
A new study points to best practices for bank-channel wealth management. Banks are losing high-net-worth wallet share to sales-savvy brokerages and high-touch advisory boutiques . To staunch that asset flow many banks are forming wealth-management units that aim to match their clients’ financial and personal needs and goals with appropriate strategies and actions.
4 October 2005
Dryden, the ghost of Bache International, goes to European insurer. Dutch-Belgian banking and insurance giant Fortis has just finished its $102-million acquisition of Dryden Wealth Management . Fortis says it bought Dryden from Prudential Financial, the U.
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