134 articles found within the last year.
Displaying results 101 - 120
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A fifth of the US are New Mass Affluent
Despite the global downturn, nearly 20% of the ... The new mass affluent make up 19% of ... The most affluent regions are California, followed by ... Jane Crossan, vice president of the financial services...
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Private equity faces 'saturation'
The global private equity fundraising market is reaching ... London-based buyout research boutique Private Equity Intelligence said ... The increased number of funds being raised has ... According to the figures, the average number of ... Tim Friedman, spokesman for Preqin, said: “With funds...
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Investor advisers give thumbs up to Sarbox
Investment advisers speaking at a corporate governance conference ... Michael Lofing, a managing director in financial analysis ... He said: "The audit on internal controls will ... Francis Hounnongandji, chief executive of Allied Business Controls, ... He said EU legislation like the 8th Company...
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US to seek client names from UBS in tax case
US prosecutors are expected to confront Swiss banking ... The subpoena would follow an indictment, unsealed Tuesday ... UBS and the Justice Department declined to comment ... Liechtenstein, a principality long seen as a popular ... The investigation focuses on whether UBS, Birkenfeld and...
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Colony buys Jackson's 'bad' debt on Neverland Ranch
Los Angeles-based buyout firm Colony Capital has come ... The eleventh hour rescue by Colony Capital comes ... Under the plan, Colony will acquire a $23.5m ... In a statement released yesterday, a spokesman for ... The Neverland Ranch is located on an estate ... However, the estate reportedly fell into disrepair after...
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GLG hopes to retain $2bn of Coffey funds
UK hedge fund manager GLG Partners, which yesterday ... The value of Coffey's funds has fallen from ... Noam Gottesman, chairman and co-chief executive of GLG, ... Coffey's resignation came as a surprise to GLG, ... He said the group has received several proposals ... The main emerging markets fund managed by Coffey...
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Millionaires more pessimistic than the affluent, survey
Millionaires are more pessimistic about investment prospects than ... Spectrem’s millionaire investor index fell one point in ... The decline in the millionaire index brings it ... Spectrem’s affluent investor index, which measures the investment ... "Millionaires have become more pessimistic about their investments...
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Probe may lay open UBS
The secrets of UBS' private bank could be ... US prosecutors are investigating whether the private bank, ... The US probe into UBS' private bank, the ... A UBS spokesman said that access to client ... The inquiry into the dealings of the lucrative ... "Such investigations could hamper UBS' wealth management, too,...
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Top UBS private banker detained by US authorities in tax probe
A senior banker at UBS has been detained ... Martin Liechti, the Zurich-based head of North and ... One senior bank employee was “briefly detained” by ... UBS also confirmed that it was also being ... The bank said it was co-operating with the...
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America’s wealthiest neighbourhoods revealed
Los Angeles County is home to more millionaire ... Millionaire households, those with $1m-plus in net worth, ... There were 261,081 millionaires in Los Angeles, which ... Second on the list was Cook County, Illinois, ... West coast neighbourhoods dominated the list with five...
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Top executive quits JPMorgan to write wealth book
Susan Hirshman has left her practice management post ... She has also formed a consulting firm called ... Hirshman, who left JPMorgan in early April, oversaw ... JPMorgan won't replace Hirshman, a spokeswoman said. It...
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GenSpring Family Offices appoints new executives for US office
GenSpring Family Offices has named SunTrust veteran Michael ... Woocher has held various senior leadership and client ... Recently, he was a senior vice president and ... Alton comes to GenSpring from Neuberger Berman/Lehman Brothers,...
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Thomas WeiselPartners names head for private client unit
Thomas WeiselPartners Group said that Paul Slivon, former ... In addition, Slivon will be assisting Thomas Weisel ... Tom Carbeau, currently head of New York sales,...
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Comment: Ultra-HNW think differently than the mere wealthy on prospects
The ultra-wealthy tend to have the edge on ... The ultra-wealthy tend to have the edge on ... Whether it is because they are better informed ... Of course there are exceptions and the current ... But they are rare, because if the credit ... Given that the very wealthy seem to still...
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Merrill wealth unit names Falcon successor for Retirement Group
Saying the retirement business is a “strategic priority” ... Falcon, who joined Merrill in 2000 as head ... Bodurtha, who is a senior vice-president, joined Merrill...
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GLG founder nets $130m
Pierre Lagrange, co-founder of UK-based hedge fund manager ... The proxy statement, filed this week with the ... Lagrange, whose initial forms the "L" of GLG, ... The statement said the most significant portion of ... The proxy statement said Noam Gottesman, co-founder and...
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Credit Suisse hires team of private bankers from Goldman Sachs
Credit Suisse on Monday declared that a leading ... The team is led by managing directors J. ... The team has worked together since 2001, serving ... Tharnstrom joined Goldman Sachs in 2001. Prior to...
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Convergent Wealth Advisors taps US Trust executive for NY office
Convergent Wealth Advisors has declared that Dan Rice ... Rice joins Convergent from U.S. Trust Company, where ... In his new role, Rice will focus on ... Last year, Rice founded Marshall Fund Capital Management, ... Convergent Wealth Advisors manages nearly $9bn in assets....
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Merrill chief reiterates commitment to integrated banking model
Merrill Lynch chief executive John Thain has ruled ... “The combination of the world's leading wealth management ... He also said Merrill has no intent to...
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BofA wealth unit registers sharp fall in first-quarter profit
Bank of America on Monday said first-quarter profits ... The bank said its separate acquisitions of US ... Overall, BofA’s profit plummeted 77% during the first ... US’ largest banking group by market worth saw...
