Results
Daily News Analysis
Revenues Rise At Envestnet, Operating Expenses Soar From Acquisitions
17 May 2013
Revenues from assets under management/administration at Envestnet rose 29 per cent year-over-year to $36. 3 million for the first quarter of 2013, while total revenues (including licensing and professional services fees) soared 43 per cent to $46 . 6 million.
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Julius Baer's AuM Rise, Boosted By Transfer Of Merrill Lynch IWM Money
15 May 2013
Julius Baer said assets under management rose 16 per cent between the end of last year and the end of April 2013, standing at SFr220 billion ($227. 9 billion), boosted by the SFr24 billion in assets acquired when the Swiss bank purchased the non-US wealth arm of Merrill Lynch International Wealth Management . Total client assets grew by 12 per cent to SFr309 billion, the Zurich-listed bank said in a statement today.
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Pre-Tax Profits, Cost/Income Ratios Improve Across UBS' Wealth Business
30 April 2013
The pre-tax profits at the wealth management arms of UBS both in the Americas and other regions of the world rose in the first three months of 2013 from the previous quarter, while new business inflows in some segments rose to pre-2008 crisis highs, the Zurich-listed banking group announced today. At Wealth Management – the segment not including Wealth Management Americas – pre-tax profit was SFr664 million ($708 . 9 million), up from SFr398 million, a 67 per cent quarterly increase; adjusted pre-tax profit was SFr690 million, up from SFr415 million.
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Summary Of Wealth Management Firms' Results For First Quarter, 2013
29 April 2013
Here is a roundup of Q1, 2013 wealth management results from the largest US banks. The numbers may be revised later.
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Operating Income Skyrockets At Evercore's Investment Management Unit In Q1
24 April 2013
Operating income at Evercore Partners' investment management division ended the first quarter of 2013 at $2. 2 million, having jumped from $171,000 at end-December 2012 . Year-on-year, operating income rose from $1.
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Features
EXCLUSIVE: Citi Private Bank: Reaping Rewards From Client Feedback
13 May 2013
Here, top executives at Citi Private Bank explain how the bank’s “Voice of the Client” initiative has rapidly gained traction among both staff and clients.
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INTERVIEW: Fidelity's Stance On What UHNW Clients Really Want
30 January 2013
As scores of industry players attempt to capitalize on the multi-family office market, one firm which has grown from zero to $13 billion assets under administration in two years recently told Family Wealth Report that it is looking beyond investment services.
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What The Luminous-First Republic Deal Means For The Independent Advice Industry
19 November 2012
The verdict among top industry leaders at last week’s Schwab IMPACT conference in Chicago was unanimous: First Republic Bank’s acquisition of Luminous Capital was considered a very, very big deal for the independent advisory business.
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Why One Multi-Family Office Is Taking A Cautious View To Asset Growth
5 November 2012
Some wealth managers brag about their assets under management and advertise when they hit “milestones” like $1 billion. Not so Palm Equity, a relatively new Florida-based outfit.
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INTERVIEW: Private Banking In US Bright Spot For Credit Suisse
2 November 2012
As part of a series interviewing some of the most senior people at the world’s best-known private banks, here Family Wealth Report contributing editor Charles Paikert sits down with Credit Suisse’s Anthony DeChellis.
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News and Features
Latest News
Lincoln Financial Advisors Hires Managing Director To Lead Pacific Region
Investor Satisfaction Falls As Firms Struggle To Communicate Effectively With Clients - Study
INSIGHT: The Financial Implications Of Turkey's Turmoil
The Changing Face Of Global Wealth: Rise Of The Entrepreneurs - Study
BNY Mellon Wealth Management Boosts Presence In South Florida With Director Hire
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
America Regained Top Spot For HNW Population, Wealth In RBC/Capgemini Survey
The annual RBC Wealth Management/Capgemini World Wealth Report also showed that North America, which in 2011 had lost its top-dog status to Asia-Pacific, is now back as the place with the largest high net worth market.
Tom Burroughes
18 June 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
