Investment
Daily News Analysis
Sell In May? BMO Private Bank Tests The Theory
23 May 2013
There is a statistical basis for the “sell in May then go away” adage, but investors are still better off staying invested year-round, says BMO Private Bank. The bank released a report which divided the year up into six-month chunks (May-October and November-April) and compared stock market performance dating back to 1900 . The report tracked how $1,000 would fare if invested for six months of the year in the Dow Jones Industrial Average, and six months in non-interest-bearing cash, for each period.
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Investment Advisor Sentenced To Prison In California Over $3.3 Million Fraud Scheme
22 May 2013
Joseph Randall Medcalf, who in March of this year pled guilty to three counts of mail fraud and one count of bankruptcy in connection with a scheme that caused his investors to lose a total of some $3. 3 million, has been sentenced to six and a half years in prison, according to US Attorney Benjamin Wagner . Medcalf, 56, has been ordered to pay restitution of over $3.
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CIBC Global Asset Management Names Chief Investment Officer
20 May 2013
Canada-based CIBC Global Asset Management has made two senior appointments, including a chief investment officer, to strengthen its portfolio management team. Suzann Pennington has been appointed managing director and CIO, while Stephen Carlin starts as a vice president and senior portfolio manager for Canadian equities . Pennington will oversee all of CGAM’s portfolio management and research efforts, but will remain as head of equities and continue to manage the Canadian all-cap mandate, the firm said.
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Mutual Fund Asset Flows "Healthy" But Losing Pace - Morningstar
17 May 2013
Inflows for long-term mutual funds stood at a “healthy” $37. 8 billion in April, but continued to moderate from levels seen earlier this year, according to Morningstar data . Inflows for US equity funds slowed to $895 million, their lowest intake this year.
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Webster Private Bank Creates Chief Investment Strategist Role
17 May 2013
Webster Private Bank has hired Yves Cochez as senior vice president and chief investment strategist, based in Stamford, CT. The CIS role is newly-created, the firm confirmed, and comes at a time when other firms have also strengthened their investment strategy teams in response to the difficult markets of recent years . JP Morgan Private Bank announced earlier this week that it has created a chief investment strategist role to work closely with its chief investment officer, and in February United Capital Financial Advisers also added a chief investment strategist.
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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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WE Family Offices Sets Out To Reshape The Landscape Of UHNW Wealth Management
11 April 2013
WE Family Offices is trying to change the landscape of high-end wealth management with its offering focused on “wealth as an enterprise.”
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FEATURE: A Look At The Mexican High Net Worth Client Market
2 April 2013
Mexico is home to the world’s richest man in the form of telecoms magnate Carlos Slim, but its wealth management market has not received the attention of Brazil’s. That may be changing as the emerging economy garners attention from the industry.
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EXCLUSIVE: Thomas Carroll On His First Few Months At The Helm Of GenSpring
27 March 2013
GenSpring Family Offices is in some ways a poster child for the multi-family office industry: it grew assets under management very quickly for many years but has recently had to tackle problems that come with this increasing scale.
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EXCLUSIVE: Industry Leaders Debate Hot Topics Of Client Centricity, Communications
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.
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News and Features
Latest News
Why UHNW Clients In MidEast Prefer Single Family Offices To MFOs - Invesco Study
PNC Wealth Adds To Management Team
Sell In May? BMO Private Bank Tests The Theory
California Luxury Property Values Raise The Roof
Lyxor Makes Senior Hedge Fund Hire From Citi Private Bank
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
UK Fines JP Morgan International Bank's Wealth Arm Over Suitability Failings
The UK's Financial Conduct Authority has fined JP Morgan International Bank a total of Ł3.08 million (around $4.6 million) for systems and controls failings at its wealth management business.
Natasha Taghavi
23 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
