LPL's new venture is in the early stages of development, but the Boston-based company says it will hire and train a network of self-employed advisers to offer investment advice to mass market consumers, defined by Cerulli Associates as those with les
The study of 1,268 affluent and wealthy consumers tracks the attitudes, lifestyles, luxury category spending patterns and financial services participation in this demographic. Among its findings:
Credit Suisse today ( May 11) announced the following changes to its Executive Board, effective May 31, 2012.
Nearly 46 per cent of the revenue received by Merrill Lynch's Global Wealth Management unit last year came from just 21 per cent of its top-producing brokers, about 2,500 people, according to copies of the reports reviewed by Reuters.
The report says that – to capture pre-financial crisis levels – private banks need to expand their focus beyond the ultra-wealthy clients to serve so-called “core millionaires”, who are expected to generate 80 per cent of net new r
He joins from ABN Amro, where he headed up the research unit for the Asia-Pacific region, and its investment advisory activities.
The annual World Wealth Report and the Asia-Pacific Wealth Report are the global benchmarks for tracking HNWIs and cover HNWI market sizing with a review of global economic drivers, HNWI investing behaviors and asset performance trends. The reports are su
Joining Mr. Horan at CPC were four experienced fixed income investment professionals. Chilton Trust, together with CPC, currently manages approximately $5 billion in assets.
First Republic’s Post Office Square location will provide lending, deposit and wealth management services to individuals, businesses, foundations and nonprofits.
He will serve as the senior trust officer and brings a valuable legacy of counsel in sales, services and management at all levels of trust, private banking and wealth management.