M and A
Daily News Analysis
Citigroup Sells Consumer Finance Units In Brazil
16 May 2013
Citigroup is selling its consumer finance units to Brazil’s Banco Itaú Unibanco for R$2. 77 billion (around $1 . 37 billion), subject to regulatory approval.
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Boston Private Bank & Trust Completes Sale Of Washington Offices
14 May 2013
Boston Private Bank & Trust has sold its Seattle, Bellevue and Redmond offices to Spokane, WA-based Sterling Financial Corporation. Together, the branches have some $276 million in performing loans and $172 million in deposits . Financial details of the transaction were not disclosed.
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Global Alternatives Firm To Buy New York-Based AREA Property Partners
13 May 2013
Los Angeles, CA-based Ares Management, the global alternative asset manager and SEC-registered investment advisor, is acquiring AREA Property Partners, a New York-based real estate management firm investing across North America, Europe and India. The transaction includes the acquisition of the minority stake in AREA held by National Australia Bank . Terms of the transaction were not disclosed a.
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RIAs Become Strong Buyers Of Other Firms In Q1 - Schwab Data
6 May 2013
The first quarter of this year saw 13 M&A deals take place in the RIA industry, accounting for $5. 8 billion in assets under management, according to new data from Schwab Advisor Services . Over the quarter, RIA firms displayed an appetite for acquiring other RIAs, with these kinds of deals accounting for 54 per cent of all transactions closed in Q1.
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Argent Financial Expands Trust, Wealth Management Offering With Acquisition
2 May 2013
Ruston, LA-based Argent Financial Group has acquired Greenville, SC-based East Broad Trust Company, widening its geographical reach and expanding its trust administration and wealth management services. The newly-combined firm will operate in South Carolina under the brand name Argent Trust . Despite the brand change for the acquired firm, East Broad Trust Company will retain its management team, led by Jordan Earle and Steve Fisher.
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Features
Silicon Valley Takes On The Wealth Industry - Part One
11 April 2012
Firms originating in Silicon Valley are bringing their technological expertise to bear on wealth management services in a bid to make these more widely available at lower cost: should the industry be wary or encouraged?
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Exclusive: Casady Outlines LPL’s Plans For Fortigent
21 February 2012
LPL Investment Holdings is prepared to pour money into Fortigent - even if it means forgoing profits for several years - in order to eventually accelerate revenues and establish market leadership, LPL chief executive Mark Casady told Family Wealth Report.
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LPL Deal Won’t Change Fortigent Team Or Focus, Putterman Tells Clients
17 February 2012
Fortigent’s top management isn’t going anywhere as a result of its impending acquisition by LPL, the wealth management outsourcing firm’s president and chief executive Andrew Putterman reassured clients gathered yesterday in Savannah, GA.
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Regulatory Heat Forces Tough Decisions For Family Offices In 2012 (Part Three)
2 February 2012
Rosalyn Breedy, of Breedy Henderson Solicitors, continues her survey of the regulatory landscape for family offices and considers whether private investors will be better protected under regimes such as Dodd-Frank and the AIFMD, with a focus on developments in the UK and Cayman Islands.
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New Service Aims To Keep Ultra-Wealthy Clients' Money Where It's Well Managed
20 January 2012
A new type of firm, created by financial services veteran Doug Black, is looking to sort the wheat from the chaff when it comes to ultra high net worth wealth management.
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News and Features
Latest News
New CEO Takes Over At National Financial Partners
Advisors Missing Opportunities By Focusing Innovation On Current Clients - Fidelity
HighTower Eyes More Expansion With Financing Round, Hires
Peapack-Gladstone Hires From Wilmington Trust For New Jersey Private Banking Office
UBS Intensifies Its Commitment To Brazil With New CEO Hire From HSBC
Comment and Analysis
EXCLUSIVE: Citi Private Bank: Reaping Rewards From Client Feedback
WE Family Offices Sets Out To Reshape The Landscape Of UHNW Wealth Management
FEATURE: A Look At The Mexican High Net Worth Client Market
EXCLUSIVE: Thomas Carroll On His First Few Months At The Helm Of GenSpring
EXCLUSIVE: Industry Leaders Debate Hot Topics Of Client Centricity, Communications
Expert Commentary
- Top Story
- Opinion of the Week
- Industry Insight
- View from the Top
- Editor's Choice
- Investment Strategy
Wealthy Individuals' Financial Plans At Risk Amid False Sense Of Security - Survey
US Trust has identified a “disconnect” between goals and proactive wealth planning on a number of concerns including health, retirement, succession and life values.
Eliane Chavagnon
21 May 2013
Guest Opinion: An Earnings Report Every Hedge Fund Manager Should Review
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.
Diane Harrison
20 March 2013
Q&A: Rockefeller & Co's Jimmy Chang On The Investment Environment
Here, Jimmy Chang, a senior portfolio manager and a managing director of Rockefeller & Co, discusses some issues around investing in the current environment.
Harriet Davies
4 April 2013
INTERVIEW: Regular Risk Reviews Gain Traction In The Family Office World
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.
Harriet Davies
9 April 2013
FEATURE: Twins And The Business Of Family
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.
Charles Lowenhaupt
8 April 2013
Guest Opinion: Diversification In The Age Of Globalisation
Marc Odo, director of research at software and business intelligence firm Informa Investment Solutions, discusses why diversification failed during the credit crisis.
Marc Odo
25 March 2013
