04/24/2012

Firms vary in services for the rich

The market for wealth management in South Florida is vast, as is the number and scope of institutions that serve the high net worth segment.

04/24/2012

Financial Reform Will Lead to Emphasis on Credentials: IMCA CEO

IMCA, the Investment Management Consultants Association, provides credentials and education to the wealth management industry and is growing. Last year, IMCA’s Certified Investment Management Analyst certification became the first financial services

04/24/2012

Jefferies hires internet analysts from UBS

The two analysts are well known in the technology and interactive entertainment sector, having covered companies including Google Inc., Yahoo Inc. and Amazon Inc. at UBS for roughly three years.

04/24/2012

Ameriprise Posts Mixed Results, Raises Advisor Headcount

The number of Ameriprise Financial advisors rose slightly to 9,744 as of March 31, from 9,730 as of Dec. 31, 2011, and 9,653 as of March 31, 2011. Assets under management in the Advice & Wealth Management Unit were $334 billion in Q1’12 vs. $315

04/20/2012

Fairhills Group Rounds Out Management Team

Fairhills Group is a New York-based alternative asset management firm originally founded as the family office of Mr. Edward Bronson, a veteran principal investor and former telecom entrepreneur.

04/20/2012

Qatari wealth fund adds 5% Tiffany stake

Qatar’s sovereign wealth fund has made its first big investment in a US public company by acquiring a 5.2 per cent stake in Tiffany, the jewellery retailer known for its diamond rings and blue, ribboned boxes.

04/18/2012

Citigroup shareholders reject CEO pay

The shareholder vote, mandated by the "say on pay" legislation under the Dodd-Frank Act, was taken at the firm's annual meeting in Dallas.

04/18/2012

State Street hit by rising cost of employees

STATE Street said yesterday that first-quarter profit fell 11 per cent as compensation and other employee benefits surged at nearly three times the pace of operating revenue.