Daily News Analysis
8 November 2012
Industry veteran Mark Elston and his three-strong team are joining Reno, NV-based Legacy Wealth Planning, a group of independent financial advisors that are affiliated with broker-dealer LPL Financial. Elston has been in the securities industry since 1980 . According to a statement, he and his new team plan to maintain over $185 million in client assets as they move to an independent business model, via which they will manage the assets of about 1,100 clients throughout the Reno-Sparks area.
29 May 2012
Kozak Financial Advisors has reformed as BrightPath Wealth Planning, a fee-only wealth manager based in Ventura and Santa Barbara counties, CA. Pete Kozak founded Kozak Financial Advisors in 2004 and he has now teamed up with Jean-Luc Bourdon for the new venture . The duo previously developed a CPA-associated wealth management firm together.
13 April 2012
Former Merrill Lynch Wealth Management executives have teamed up to launch a new registered investment advisor firm. Snowden Capital Advisors is described as an independent and advisor-owned company that will be targeting individuals, families and corporates in the US and abroad . The firm said in a statement that it expects to hire several advisor t.
12 April 2012
Sentinel Trust Company, the Texas-based multi-family office, has hired Lissa Gangjee as a senior vice president and senior relationship officer. Gangjee joins from Threshold Group, where she headed the company’s office in Portland, OR, as managing director and senior relationship manager in the wealth planning unit . Before that, she spent a decade at US Trust Company in New York in various r.
2 February 2012
Gender has a “far reaching” impact on investment decisions and financial planning, a new white paper from Barclays Wealth shows. Crucially, females are far less risk tolerant than men, with just 31 per cent of women prepared to take more risks for higher investment gains, compared to 49 per cent of men, according to the research . The survey encompassed 2,000 high net worth women with over $1.
25 March 2013
Relevancy, transparency and ease of use emerged as goals for wealth management firms to strive for in delivering client-centric communications at a recent event of industry leaders held in New York.
18 September 2012
The specters of rising taxes and continued political and economic uncertainty have become front-and-center issues for wealth managers as the US presidential election swings into high gear.
19 July 2012
Florida is proving an attractive place for wealth managers to launch offices and hire staff so far this year.
29 May 2012
As part of a series analyzing the Californian wealth management industry, here Family Wealth Report shares insights from firms on their Californian operations.
2 April 2012
Here is the second part of a feature on Evercore, the wealth management firm that has risen quickly from its origins in the midst of the financial turmoil to become a respected and increasingly influential player.
News and Features
Comment and Analysis
As markets have been volatile, patchier liquidity will mean that capacity constraints on some hedge fund strategies have to be closely monitored to protect performance, FQS Capital, the hedge funds arm of a family office business, says.
17 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