Daily News Analysis
12 April 2013
Rutherford Asset Planning, the independent fee-only wealth management firm, has opened its doors in Tampa, FL. Keith Amburgey, who has been at the firm since 2009, has relocated from New York to head up the new office . He joined the firm after working for 16 years within Morgan Stanley’s institutional securities division.
21 February 2013
Mindful Asset Programs has launched a financial assessment tool called “motivated asset pattern,” designed to help financial planners determine their clients’ psychological profiles. The assessment tool is based on psychological and neuroscience principles and will help financial planners discover what motivates their clients about finances, the firm said . Specifically, it aims to give planners insights into clients’ motivations on factors such as prestige, spontaneity, peace, simplicity, virtue, security, control and growth.
13 February 2013
National Planning Holdings has partnered with FP Transitions to deliver practice management and succession planning support to its independent advisors. FP Transitions’ equity management system will be integrated into the support platforms of the broker-dealers in the NPH network: INVEST Financial, National Planning Corporation, Investment Centers of America and SII Investments . The system provides planning tools for advisors who are ready to retire, as well as those whose retirement is further on the horizon.
18 January 2013
The Cayman Islands is to open up companies and hedge funds domiciled in the jurisdiction, increasing transparency and disclosure. The move drew praise from Carne, the fund governance specialist, saying such proposals represented a “significant step forward” by the British overseas jurisdiction . CIMA, the jurisdiction’s monetary authority, has sent proposals to Cayman-based hedge funds, the Financial Times reported.
19 December 2012
Successful business owners are missing out on getting the full value from their companies by failing to prepare holistically when they sell, according to a report from Rothstein Kass. Many successful business owners are disappointed by the process when it comes to selling the entities they have built up, the report found . In fact over half the ex-business owners surveyed weren’t satisfied, despite the fact that the majority (around 70 per cent) were either satisfied or highly satisfied with the price they received.
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.
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.
14 March 2013
Tech vendors still have everything to play for when it comes to revolutionizing advisor-client interactions, new research from MyPrivateBanking has revealed.
8 February 2013
This publication recently spoke to a number of wealth management executive search firms about their views about trends in the industry and issues to watch this year.
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.
News and Features
Comment and Analysis
Over the past decade UBS has organized a number of programs internationally for its most sophisticated and wealthy clients to encourage what it describes as the “cross-pollination” of ideas on a range of wealth management issues.
20 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