Managers of Wealth - Americas http://ambankers.net/ Sat, 23 Mar 2019 02:52:16 GMT part of MediaG8way Group http://ambankers.net/ http://ambankers.net/assets/images/logo.png Managers of Wealth - Americas KohanaPHP Russ Prince: Accounting Firms Benefit With Family Office Practices News Aggregation Team Thursday, March 21, 2019 12:00 am http://ambankers.net/article/41015/russ-prince-accounting-firms-benefit-with-family-office-practices When an accounting firm creates a dedicated business line to address the needs of very wealthy clients, there is substantial evidence that it can increase the firm’s overall profitability Wealth and Asset Management Wells Fargo could be putting more of its focus on wealth management News Aggregation Team Thursday, March 21, 2019 12:00 am http://ambankers.net/article/41016/wells-fargo-could-be-putting-more-of-its-focus-on-wealth-management Speculation is mounting that the bank is dumping some lines of business to focus on just a few areas, including financial advice Wealth and Asset Management Market pressure blurs the line between US asset and wealth managers News Aggregation Team Thursday, March 21, 2019 12:00 am http://ambankers.net/article/41017/market-pressure-blurs-the-line-between-us-asset-and-wealth-managers Should regulators step in? Time will tell and no doubt there will be some bad actors Wealth and Asset Management Blucora to purchase tax-focused wealth manager Mitzi Limlengco Thursday, March 21, 2019 12:00 am http://ambankers.net/article/41031/blucora-to-purchase-tax-focused-wealth-manager The transaction, which is expected to be accretive to Blucora’s earnings per share and free cash flow, brings together two leaders in the tax-focused wealth management space. Wealth and Asset Management Janney to acquire FIG Partners Mitzi Limlengco Wednesday, March 20, 2019 12:00 am http://ambankers.net/article/41012/janney-to-acquire-fig-partners The transaction, expected to close in the second quarter, is Janney’s second investment bank acquisition in less than 12 months, following the addition of HighBank Advisors in May 2018. Wealth and Asset Management Hong Kong voted world's top international financial centre News Aggregation Team Tuesday, March 19, 2019 12:00 am http://ambankers.net/article/40996/hong-kong-voted-worldamp039s-top-international-financial-centre BVI recorded growth in new incorporation volumes, with 11.2% in the first nine months last year. Wealth and Asset Management Andrew Graham launches SEC Registered Investment Advisor and fiduciary firm Jackson Square Capital Mitzi Limlengco Tuesday, March 19, 2019 12:00 am http://ambankers.net/article/40994/andrew-graham-launches-sec-registered-investment-advisor-and-fiduciary-firm-jackson-square-capital Jackson Square Capital advises over $250 million in assets under management. Wealth and Asset Management Morgan Stanley Widens Roles of Finn, Other Wealth Executives News Aggregation Team Friday, March 15, 2019 12:00 am http://ambankers.net/article/40944/morgan-stanley-widens-roles-of-finn-other-wealth-executives The new unit will include Morgan Stanley Wealth’s call-center business for less affluent investors that has been rebranded Virtual Advisor and its “robo” automated investment platform called Morgan Stanley Access Investing. Wealth and Asset Management CrossleyShear Wealth Management's Evan Shear Recognized as an NFL Players Association Registered Financial Advisor News Aggregation Team Friday, March 15, 2019 12:00 am http://ambankers.net/article/40945/crossleyshear-wealth-managementamp039s-evan-shear-recognized-as-an-nfl-players-association-registered-financial-advisor Recognition follows recent launch of the practice's CSsports division Wealth and Asset Management Wealth managers ignore 401(k) plans at their peril News Aggregation Team Friday, March 15, 2019 12:00 am http://ambankers.net/article/40946/wealth-managers-ignore-401k-plans-at-their-peril Wealth managers may scoff at 401(k) clients but they become susceptible to losing current clients as a result Wealth and Asset Management Raymond James’ Alex Brown adds $230M veteran advisor News Aggregation Team Friday, March 22, 2019 12:00 am http://ambankers.net/article/41035/raymond-jamesamprsquo-alex-brown-adds-230m-veteran-advisor “I have always strived to be forthright and place the values of my clients first, and I am pleased to have found a firm that aligns with those values,” Dayton said in a statement. People Moves EP Wealth Advisors Adds Partners Mitzi Limlengco Friday, March 22, 2019 12:00 am http://ambankers.net/article/41037/ep-wealth-advisors-adds-partners “These new partners bring important voices to the helm and further illustrate EP Wealth’s commitment to empowering all employees.” People Moves International Exchange ABE Global Hires Veteran Blockchain Executives Mitzi Limlengco Thursday, March 21, 2019 12:00 am http://ambankers.net/article/41023/international-exchange-abe-global-hires-veteran-blockchain-executives With this new exchange, it will help increase global access to new compliant investments and support entrepreneurs People Moves Fannie Mae Names Two Technology and Financial Services Executives to the Board of Directors Mitzi Limlengco Thursday, March 21, 2019 12:00 am http://ambankers.net/article/41024/fannie-mae-names-two-technology-and-financial-services-executives-to-the-board-of-directors Google Executive Karin J. Kimbrough and Coinbase Global, Inc. Executive Brian P. Brooks Will Complement Experienced and Diversely Skilled Fannie Mae Board People Moves AMP Capital appoints former Apple operations head as senior adviser News Aggregation Team Thursday, March 21, 2019 12:00 am http://ambankers.net/article/41028/amp-capital-appoints-former-apple-operations-head-as-senior-adviser Preising joins AMP Capital’s team of fifteen senior advisers which represent leading industry talent from across infrastructure sectors. People Moves OpenInvest Expands Sales Leadership Team To Support Rapid Growth Mitzi Limlengco Thursday, March 21, 2019 12:00 am http://ambankers.net/article/41030/openinvest-expands-sales-leadership-team-to-support-rapid-growth Appoints VP of Sales and Director of Intermediary Sales & Client Engagement People Moves Raymond James CFO to Retire News Aggregation Team Wednesday, March 20, 2019 12:00 am http://ambankers.net/article/40997/raymond-james-cfo-to-retire Jeff Julien has been with the independent broker-dealer for 32 years and will remain on the board of Raymond James bank. People Moves JPMorgan Advisor Launches Indie Wealth Management Firm News Aggregation Team Wednesday, March 20, 2019 12:00 am http://ambankers.net/article/41010/jpmorgan-advisor-launches-indie-wealth-management-firm Graham brings along client associates Joy Budnik and Michael Cordano from JPMorgan, where Graham had been for 17 years, according to Jackson Capital. People Moves Fleming’s Rockefeller Continues Poaching Execs News Aggregation Team Wednesday, March 20, 2019 12:00 am http://ambankers.net/article/41013/flemingamprsquos-rockefeller-continues-poaching-execs Rockefeller also lured RBC’s head of advisor recruiting to hire and manage private wealth advisors in the Northeast out of its New York office. People Moves Veteran Distressed Investment Team Launches Invictus Global Management Mitzi Limlengco Tuesday, March 19, 2019 12:00 am http://ambankers.net/article/40972/veteran-distressed-investment-team-launches-invictus-global-management Amit Patel and Cindy Chen Delano, Formerly of Whitebox Advisors, to Serve as Co-Chief Investment Officers People Moves Billionaire Michael Steinhardt accused of sexual harassment in NYT report News Aggregation Team Friday, March 22, 2019 12:00 am http://ambankers.net/article/41033/billionaire-michael-steinhardt-accused-of-sexual-harassment-in-nyt-report The former hedge fund founder denies touching anyone inappropriately. Legal, Regulation & Compliance Allston hedge fund manager gets lengthy sentence in Ponzi scheme News Aggregation Team Friday, March 22, 2019 12:00 am http://ambankers.net/article/41034/allston-hedge-fund-manager-gets-lengthy-sentence-in-ponzi-scheme He told investors the fund was “earning substantial returns,” but it was actually “earning substantial losses,” by 2014, according to the statement. Legal, Regulation & Compliance Goldman Sachs to Cut 65 Jobs from its NYC Offices News Aggregation Team Thursday, March 21, 2019 12:00 am http://ambankers.net/article/41014/goldman-sachs-to-cut-65-jobs-from-its-nyc-offices The firm is eliminating 10 staffers in the commodities division, representing about five percent of the unit’s workforce Legal, Regulation & Compliance Walkers Bermuda to Speak at the Bermuda Executive Forum in New York Ana Hall Thursday, March 21, 2019 12:00 am http://ambankers.net/article/41018/walkers-bermuda-to-speak-at-the-bermuda-executive-forum-in-new-york Walkers Bermuda* partner Jonathan Betts will also be in attendance. Legal, Regulation & Compliance SEC to focus on asset management competition News Aggregation Team Thursday, March 21, 2019 12:00 am http://ambankers.net/article/41019/sec-to-focus-on-asset-management-competition She stressed that the first step before considering policy changes is to "have a clear understanding of costs and benefits and pay careful attention to unintended consequences." Legal, Regulation & Compliance Appleby Bermuda partner joins industry experts to speak on captive insurance panel in New York Mitzi Limlengco Wednesday, March 20, 2019 12:00 am http://ambankers.net/article/40999/appleby-bermuda-partner-joins-industry-experts-to-speak-on-captive-insurance-panel-in-new-york Gary will be participating in the panel entitled ‘Captive Insurance: Your Company’s Risk-Management Advantage’. Legal, Regulation & Compliance Manulife wins legal fight with hedge fund Mosten over insurance contracts News Aggregation Team Tuesday, March 19, 2019 12:00 am http://ambankers.net/article/40982/manulife-wins-legal-fight-with-hedge-fund-mosten-over-insurance-contracts Manulife said on Monday that it was "pleased with the ruling." Legal, Regulation & Compliance Malaysia to summon two Goldman Sachs units ahead of 1MDB case News Aggregation Team Tuesday, March 19, 2019 12:00 am http://ambankers.net/article/40983/malaysia-to-summon-two-goldman-sachs-units-ahead-of-1mdb-case On Monday, only the Singapore unit of Goldman Sachs appeared at a pre-trial hearing in a Kuala Lumpur court as a respondent. Legal, Regulation & Compliance UAE the hub of Panama's Middle East strategy, says ambassador News Aggregation Team Tuesday, March 19, 2019 12:00 am http://ambankers.net/article/40984/uae-the-hub-of-panamaamp039s-middle-east-strategy-says-ambassador Dubai's non-oil trade with Panama amounted to $42m in 2018 Legal, Regulation & Compliance Carey Olsen Bermuda's Ashley Fife to speak at Legal Week's Private Client Forum Americas Mitzi Limlengco Monday, March 18, 2019 12:00 am http://ambankers.net/article/40962/carey-olsen-bermudaamp039s-ashley-fife-to-speak-at-legal-weekamp039s-private-client-forum-americas This year's conference features more than 30 speakers from 13 jurisdictions. Legal, Regulation & Compliance Robo-adviser firm expands in Argentina News Aggregation Team Friday, March 22, 2019 12:00 am http://ambankers.net/article/41039/robo-adviser-firm-expands-in-argentina Quiena claims to be the country's first fully-digital advisory company. FinTech Millennials more likely to ditch traditional banking, according to study News Aggregation Team Friday, March 22, 2019 12:00 am http://ambankers.net/article/41041/millennials-more-likely-to-ditch-traditional-banking-according-to-study The survey also said millennials are more likely than baby boomers to change their banks. FinTech Ikigai Asset Management Receives Strategic Investment from Morgan Creek Digital News Aggregation Team Friday, March 22, 2019 12:00 am http://ambankers.net/article/41042/ikigai-asset-management-receives-strategic-investment-from-morgan-creek-digital The firm – an affiliate of Morgan Creek Capital Management, a multi-billion dollar asset manager based in the United States – has publicly received $40mm investments from public pension funds. FinTech JP Morgan Exec: More Partnership Than Competition Between Banks and Crypto News Aggregation Team Thursday, March 21, 2019 12:00 am http://ambankers.net/article/41022/jp-morgan-exec-more-partnership-than-competition-between-banks-and-crypto Karpovich’s comments for collaboration between the two industries comes just a month after his bank announced the development of the JPM Coin FinTech Broadridge Integrates SWIFT Global Payment Innovation Ana Hall Thursday, March 21, 2019 12:00 am http://ambankers.net/article/41025/broadridge-integrates-swift-global-payment-innovation The move follows the successful completion of a SWIFT pilot, which focused on how banks and corporates can use its gpi technology to further streamline cross-border payments. FinTech Grow Financial Credit Union Selects Wolters Kluwer Ana Hall Thursday, March 21, 2019 12:00 am http://ambankers.net/article/41026/grow-financial-credit-union-selects-wolters-kluwer The installed software application manages lending workflows, interfacing with core systems to automate transactions from start to finish and generating compliant documents for loan origination. FinTech Next-Gen Financial Advice: Digital Innovation and Canada's Policymakers News Aggregation Team Thursday, March 21, 2019 12:00 am http://ambankers.net/article/41029/next-gen-financial-advice-digital-innovation-and-canadaamp039s-policymakers The report provides a series of steps for regulators and policymakers that will improve innovation for incumbents and start-ups alike FinTech Cyber InFocus Report Details Ransomware and Malware Trends Mitzi Limlengco Wednesday, March 20, 2019 12:00 am http://ambankers.net/article/41002/cyber-infocus-report-details-ransomware-and-malware-trends Some of the easiest actions SMEs can take center on employee education, endpoint monitoring, detailed VPN logs, and the use of multi-factor authentication. FinTech US tech company scheme edges closer to buyout after £230m deal News Aggregation Team Wednesday, March 20, 2019 12:00 am http://ambankers.net/article/41005/us-tech-company-scheme-edges-closer-to-buyout-after-amppound230m-deal This has enabled us to steadily reduce the plan’s exposure to uncertain asset returns. FinTech Pension-backed Morgan Creek Digital Makes Strategic Investment in Asset Manager Ana Hall Wednesday, March 20, 2019 12:00 am http://ambankers.net/article/41011/pension-backed-morgan-creek-digital-makes-strategic-investment-in-asset-manager We believe they are well-positioned to capture the outstanding returns this asset class will bring in the years to come. FinTech The fund managers that have delivered 1,000% plus returns News Aggregation Team Friday, March 22, 2019 12:00 am http://ambankers.net/article/41040/the-fund-managers-that-have-delivered-1000-plus-returns A total of five fund managers have produced returns of over 1,000% during their 20 or more years in charge. Alternative Investments Hedge fund launches fall to 18-year low News Aggregation Team Friday, March 22, 2019 12:00 am http://ambankers.net/article/41044/hedge-fund-launches-fall-to-18-year-low Handful of largest managers scoop up bulk of cash inflows, squeezing new players Alternative Investments RIA buyers challenge private equity for deal dominance News Aggregation Team Friday, March 22, 2019 12:00 am http://ambankers.net/article/41045/ria-buyers-challenge-private-equity-for-deal-dominance That’s just behind the 22 deals Focus-owned firms completed and nine transactions for private equity-backed Mercer Advisors. Alternative Investments Fiera Capital to Acquires Asset Manager Mitzi Limlengco Friday, March 22, 2019 12:00 am http://ambankers.net/article/41046/fiera-capital-to-acquires-asset-manager Fiera Capital has sufficient cash on hand and available under existing credit arrangements to finance the cash portion of the Transaction consideration. Alternative Investments BlackRock close to buying risk platform eFront for $1.3bn News Aggregation Team Friday, March 22, 2019 12:00 am http://ambankers.net/article/41047/blackrock-close-to-buying-risk-platform-efront-for-13bn The acquisition would be part of the asset manager’s push into alternative investments Alternative Investments Asset managers slash expenses as ‘feemageddon’ bites News Aggregation Team Thursday, March 21, 2019 12:00 am http://ambankers.net/article/41020/asset-managers-slash-expenses-as-amplsquofeemageddonamprsquo-bites Average expense ratio of US equity mutual vehicles has almost halved since 2000 Alternative Investments Global investors eye bigger slice of Chinese bond market News Aggregation Team Wednesday, March 20, 2019 12:00 am http://ambankers.net/article/41003/global-investors-eye-bigger-slice-of-chinese-bond-market International bond investors have begun to notice the country’s recent moves to open up its markets Alternative Investments Cresset acquires Evanston Advisors News Aggregation Team Wednesday, March 20, 2019 12:00 am http://ambankers.net/article/41004/cresset-acquires-evanston-advisors The acquisition bolsters Cresset’s overall scale and capabilities and creates access for Evanston’s clients to a broader range of sophisticated wealth management and family office services, and private investment opportunities. Alternative Investments Tower Arch Capital Closes Fund II at $450M Andro Bautista Wednesday, March 20, 2019 12:00 am http://ambankers.net/article/41009/tower-arch-capital-closes-fund-ii-at-450m We are thrilled to have a supportive base of existing investors Alternative Investments Blackstone joins KKR and BlackRock in Mexico private equity fundraising News Aggregation Team Tuesday, March 19, 2019 12:00 am http://ambankers.net/article/40978/blackstone-joins-kkr-and-blackrock-in-mexico-private-equity-fundraising It was not immediately clear how much in total has been raised to date in Mexico by equity managers, which include Discovery Capital Management, General Atlantic, Partners Group, Lexington Partners and HarbourVest Partners. Alternative Investments Goldman Sachs wants half of new recruits to be women News Aggregation Team Wednesday, March 20, 2019 12:00 am http://ambankers.net/article/40998/goldman-sachs-wants-half-of-new-recruits-to-be-women Managers will be asked to interview two or more "qualified diverse candidates" for all non-entry level associate, vice president and managing director positions, according to the memo. Investment Banking BNY Mellon Debuts Service to Evaluate Environmental, Social and Governance Factors in Investment Performance Ana Hall Wednesday, March 20, 2019 12:00 am http://ambankers.net/article/41001/bny-mellon-debuts-service-to-evaluate-environmental-social-and-governance-factors-in-investment-performance BNY Mellon clients will have the ability to view their total ESG and UNGC scores on equities at the account level versus relevant benchmarks over time. Investment Banking JPMorgan Chase rolls out checking for low-income customers with no overdraft fees News Aggregation Team Wednesday, March 20, 2019 12:00 am http://ambankers.net/article/41006/jpmorgan-chase-rolls-out-checking-for-low-income-customers-with-no-overdraft-fees Chase Liquid customers can keep their current accounts, but new customers will not be able to open a Chase Liquid account moving forward, the bank said in a statement. Investment Banking Deutsche Bank loaned more than $2 billion to Trump over two decades: NYT News Aggregation Team Tuesday, March 19, 2019 12:00 am http://ambankers.net/article/40975/deutsche-bank-loaned-more-than-2-billion-to-trump-over-two-decades-nyt According to the newspaper, in some instances, Trump exaggerated his wealth and promised to reward bankers with a weekend at Mar-a-Lago — his private club in Palm Beach, Florida — in order to get loans. Investment Banking At Goldman Sachs, the future is half female when hiring workers News Aggregation Team Tuesday, March 19, 2019 12:00 am http://ambankers.net/article/40976/at-goldman-sachs-the-future-is-half-female-when-hiring-workers Blacks or African Americans represent 5.4 percent of Goldman's employees, and 2.9 percent rank as top executives or managers. Investment Banking WSFS Bank Organizes Corporate Trust and Institutional Services Under New Name News Aggregation Team Thursday, March 14, 2019 12:00 am http://ambankers.net/article/40938/wsfs-bank-organizes-corporate-trust-and-institutional-services-under-new-name We have developed a strong and successful national and international business in WSFS Institutional Services, and we are excited to align it more closely with the WSFS brand. Investment Banking Goldman Sachs is reportedly opening up a secretive investing group to outsiders News Aggregation Team Wednesday, March 13, 2019 12:00 am http://ambankers.net/article/40921/goldman-sachs-is-reportedly-opening-up-a-secretive-investing-group-to-outsiders The bank is making a push to find new clients in investment banking, start new businesses like corporate cash management and gain share in retail banking activities like personal loans. Investment Banking Moats Widen for JPMorgan and BofA News Aggregation Team Monday, March 11, 2019 12:00 am http://ambankers.net/article/40879/moats-widen-for-jpmorgan-and-bofa We believe the U.S. banking system is much stronger and more stable than it was a decade ago, leaving more room for wide moats among the best-positioned banks. Investment Banking JPMorgan To Combine Middle-Market Tech, Emerging Growth Banking Units News Aggregation Team Monday, March 11, 2019 12:00 am http://ambankers.net/article/40885/jpmorgan-to-combine-middle-market-tech-emerging-growth-banking-units The group will hawk services to the companies, offering to handle treasury, payments, credit, financing, mergers, and acquisitions, noted the report. Investment Banking Goldman Sachs relaxes dress code for all employees News Aggregation Team Wednesday, March 06, 2019 12:00 am http://ambankers.net/article/40823/goldman-sachs-relaxes-dress-code-for-all-employees Goldman Sachs is relaxing its dress code, as the Wall Street giant moves toward a more casual workplace. Investment Banking PURE Insurance Named Best Insurance Underwriter by the Family Wealth Report Mitzi Limlengco Friday, March 22, 2019 12:00 am http://ambankers.net/article/41038/pure-insurance-named-best-insurance-underwriter-by-the-family-wealth-report The prestigious panel of judges were unanimous in agreeing PURE the winner Comment, Analysis & Research Shadow Banking Tops Lending Activity in Private Equity News Aggregation Team Thursday, March 21, 2019 12:00 am http://ambankers.net/article/41021/shadow-banking-tops-lending-activity-in-private-equity Here are the most active lenders for U.S. buyouts and private-equity owned companies, according to PitchBook. Comment, Analysis & Research Lessons From Astronaut Buzz Aldrin’s Family Dispute News Aggregation Team Thursday, March 21, 2019 12:00 am http://ambankers.net/article/41027/lessons-from-astronaut-buzz-aldrinamprsquos-family-dispute The former astronaut filed the suit last year, accusing son Andrew Aldrin and Christina Korp, COO of the Aldrin Family Foundation and the ShareSpace Foundation, of improperly taking control of his trust money, credit cards and bank accounts. Comment, Analysis & Research Wealthy Investors Want Skilled And Savvy Advisors News Aggregation Team Wednesday, March 20, 2019 12:00 am http://ambankers.net/article/41000/wealthy-investors-want-skilled-and-savvy-advisors At the same time, Bob Dannhauser, head of private wealth management, who spearheaded the research and has spent the past year learning the financial habits of this wealthy cohort, was surprised to learn that investors placed such high value on an expert w Comment, Analysis & Research Hired-Gun CIOs to Thrive in Race for $1.7 Trillion From Pensions News Aggregation Team Monday, March 18, 2019 12:00 am http://ambankers.net/article/40965/hired-gun-cios-to-thrive-in-race-for-17-trillion-from-pensions Outsourcing has been embraced by nonprofits, family offices Comment, Analysis & Research Morgan Stanley Sees Just Two Key Growth Areas for Asset Managers News Aggregation Team Friday, March 15, 2019 12:00 am http://ambankers.net/article/40956/morgan-stanley-sees-just-two-key-growth-areas-for-asset-managers BlackRock, Blackstone, Amundi among overweight-rated stocks Comment, Analysis & Research Inside Merrill's New Framework for Wealthy Families News Aggregation Team Thursday, March 14, 2019 12:00 am http://ambankers.net/article/40932/inside-merrillamp039s-new-framework-for-wealthy-families Family governance experts Valerie Galinskaya and Matthew Wesley tell ThinkAdvisor how to help wealthy clients develop spending plans. Comment, Analysis & Research Amazon, Google, Facebook forays into banking seen as a threat by RBC's CEO News Aggregation Team Wednesday, March 13, 2019 12:00 am http://ambankers.net/article/40911/amazon-google-facebook-forays-into-banking-seen-as-a-threat-by-rbcamp039s-ceo Big tech companies getting between banks and their customers and selling insights back to them Comment, Analysis & Research Women comprise just 11% of partners at private equity firms in emerging markets — study News Aggregation Team Wednesday, March 13, 2019 12:00 am http://ambankers.net/article/40916/women-comprise-just-11-of-partners-at-private-equity-firms-in-emerging-markets-ampmdash-study The survey is based on 550 respondents from private equity firms. Comment, Analysis & Research One in three asset management firms could disappear, says Invesco chief News Aggregation Team Wednesday, March 13, 2019 12:00 am http://ambankers.net/article/40922/one-in-three-asset-management-firms-could-disappear-says-invesco-chief Head of Georgia-based firm says pressures on fees and costs are relentless Comment, Analysis & Research Media Blackout as Israel’s Largest Banks Pay Over $1 Billion in Fines for US Tax Evasion Schemes News Aggregation Team Friday, March 22, 2019 12:00 am http://ambankers.net/article/41036/media-blackout-as-israelamprsquos-largest-banks-pay-over-1-billion-in-fines-for-us-tax-evasion-schemes The settlements are the end result of a series of Department of Justice (DOJ) probes that were related to the DOJ’s 2007 investigation targeting UBS AG, Switzerland’s largest bank. Tax US warns of WTO action over 'discriminatory' new digital taxes News Aggregation Team Wednesday, March 13, 2019 12:00 am http://ambankers.net/article/40917/us-warns-of-wto-action-over-amp039discriminatoryamp039-new-digital-taxes That overhaul is expected next year at the earliest, assuming a consensus can be reached among the 127 countries taking part in the talks. Tax How to Pay Taxes on Investment Income News Aggregation Team Tuesday, March 12, 2019 12:00 am http://ambankers.net/article/40893/how-to-pay-taxes-on-investment-income Estimate the investment income taxes you could owe to the IRS. Tax Danger - Foreign Retirement Plans Can Create Annually Taxable U.S. and State Income Andro Bautista Friday, March 08, 2019 12:00 am http://ambankers.net/article/40867/danger-foreign-retirement-plans-can-create-annually-taxable-us-and-state-income The income that accrues within the offshore pension plan on the invested plan assets may be taxable Tax Tax Law Gives Wall Street a Break When Buying Private Jets News Aggregation Team Friday, March 01, 2019 12:00 am http://ambankers.net/article/40779/tax-law-gives-wall-street-a-break-when-buying-private-jets Two parts of 2017 law can help avoid tax on carried interest Tax Tax evasion: US accounts by Swiss remain secret – view News Aggregation Team Thursday, February 28, 2019 12:00 am http://ambankers.net/article/40770/tax-evasion-us-accounts-by-swiss-remain-secret-ampndash-view The report says: “All jurisdictions asked to commit to the Global Forum’s AEOI Standard, have now done so, except the United States.” Tax Europe’s Wealth Tax Failed. Why Do American Democrats Think It Will Work Here? News Aggregation Team Wednesday, February 27, 2019 12:00 am http://ambankers.net/article/40735/europeamprsquos-wealth-tax-failed-why-do-american-democrats-think-it-will-work-here Such taxes used to be common in Europe, a place many Democrat socialists like to point to in order to try and sell their policies. Tax Podcast: Credit Funds: Withholding Tax on European Investments News Aggregation Team Tuesday, February 26, 2019 12:00 am http://ambankers.net/article/40725/podcast-credit-funds-withholding-tax-on-european-investments Withholding tax has long been the most significant local tax issue on European lending transactions. Tax High taxes are driving away the tri-state golden geese News Aggregation Team Thursday, February 14, 2019 12:00 am http://ambankers.net/article/40591/high-taxes-are-driving-away-the-tri-state-golden-geese The cap on the state and local tax deductions at $10,000 raised the highest effective state tax rates to 12.7 percent from 7.7 percent in New York City Tax Why a 70% Top Tax Rate Will Miss Its Mark - Wharton News Aggregation Team Wednesday, February 13, 2019 12:00 am http://ambankers.net/article/40581/why-a-70-top-tax-rate-will-miss-its-mark-wharton Predictably, battle lines quickly were drawn between proponents and opponents of tax increases. Tax Ameriprise’s Bank Is Closer to Reality News Aggregation Team Tuesday, March 19, 2019 12:00 am http://ambankers.net/article/40973/ameripriseamprsquos-bank-is-closer-to-reality Ameriprise has not hidden its banking intentions and has been providing some information about them in recent earnings conference calls, InvestmentNews points out. Retail Banking Ameriprise getting ready to launch its bank News Aggregation Team Friday, March 15, 2019 12:00 am http://ambankers.net/article/40952/ameriprise-getting-ready-to-launch-its-bank Firm's advisers will soon have access to lending products such as mortgages Retail Banking TD Bank Ramps up Commercial Real Estate Lending and Funds Affordable Housing Communities Mitzi Limlengco Tuesday, March 12, 2019 12:00 am http://ambankers.net/article/40894/td-bank-ramps-up-commercial-real-estate-lending-and-funds-affordable-housing-communities The bank extended over $1 billion in 2018 fiscal year to address some of the nation's pressing housing challenges Retail Banking New York-based bank opens flagship San Francisco office News Aggregation Team Thursday, February 28, 2019 12:00 am http://ambankers.net/article/40751/new-york-based-bank-opens-flagship-san-francisco-office The rush into San Francisco comes as no surprise, given the Bay Area’s booming economy and wealth creation. Retail Banking Signature Bank Unveils San Francisco Flagship Financial Center; Marks Company’s Official Entry into the West Coast Mitzi Limlengco Monday, February 25, 2019 12:00 am http://ambankers.net/article/40697/signature-bank-unveils-san-francisco-flagship-financial-center-marks-companyamprsquos-official-entry-into-the-west-coast Leading NYC-based Institution brings Proven Private Client Banking Model to San Francisco Retail Banking Northern Oak acquired by Chicago bank News Aggregation Team Friday, January 25, 2019 12:00 am http://ambankers.net/article/40338/northern-oak-acquired-by-chicago-bank Milwaukee wealth management firm joins First Midwest Bank Retail Banking Bank of America embarks on corporate banking tech modernisation News Aggregation Team Tuesday, January 22, 2019 12:00 am http://ambankers.net/article/40288/bank-of-america-embarks-on-corporate-banking-tech-modernisation Elsewhere in the US, Discover Financial Services, Marcus (a digital lending platform from Goldman Sachs) and Eastern Bank are also on the Finacle user list. Retail Banking Wisconsin banks announce plans to merge News Aggregation Team Tuesday, January 22, 2019 12:00 am http://ambankers.net/article/40296/wisconsin-banks-announce-plans-to-merge The $178 million-asset Greenwoods did not disclose the price it will pay for the $92 million-asset Fox River. Retail Banking Liberty's retiring CEO still on the job News Aggregation Team Friday, January 11, 2019 12:00 am http://ambankers.net/article/40164/libertyamp039s-retiring-ceo-still-on-the-job The bank issued Thursday a formal statement that said Howard "has generously agreed to continue his role at Liberty Bank until a successor has been selected." Retail Banking Cambridge Bancorp and New Hampshire-based bank to merge Thursday, December 06, 2018 12:00 am http://ambankers.net/article/39795/cambridge-bancorp-and-new-hampshire-based-bank-to-merge The transaction is presently valued at approximately $67 million in the aggregate, based upon Cambridge Bancorp’s closing price of $85.61 as of December 4, 2018. Retail Banking CalPrivate Bank Announces Two New Small Business Lending Divisions Friday, August 24, 2018 1:00 am http://ambankers.net/article/38691/calprivate-bank-announces-two-new-small-business-lending-divisions Adding the right people in the right markets has allowed us to accelerate that process. New Products & Services Pritzker Group Plans to Raise a $1.5 Billion Private-Equity Fund News Aggregation Team Wednesday, October 25, 2017 1:00 am http://ambankers.net/article/35118/pritzker-group-plans-to-raise-a-15-billion-private-equity-fund The duo have already invited other wealthy families to co-invest in private-equity deals New Products & Services Hawaii and Islamic Finance Monday, March 02, 2015 12:00 am http://ambankers.net/article/18506/hawaii-and-islamic-finance Alsaboosi mentioned that Emirates airlines recently bought 120 new planes from Boeing New Products & Services FAAIF Brings Islamic Finance to the United States Friday, October 17, 2014 1:00 am http://ambankers.net/article/15685/faaif-brings-islamic-finance-to-the-united-states Paldi explains that in general, educated Americans are excited to learn about new alternative financial structures and investment opportunities. New Products & Services BNY Mellon launches MyOnCore to enhance oversight and transparency for investment manager outsourcing arrangements Thursday, June 19, 2014 1:00 am http://ambankers.net/article/13450/bny-mellon-launches-myoncore-to-enhance-oversight-and-transparency-for-investment-manager-outsourcing-arrangements BNY Mellon, a global leader in investment management and investment services, has launched MyOnCore, an online portal that offers transparency and oversight to investment managers that have outsourced their middle-office operations. New Products & Services Vonnegut: Bitcoin's Place in Wealth Management News Aggregation Team Friday, June 13, 2014 1:00 am http://ambankers.net/article/13325/vonnegut-bitcoinamp039s-place-in-wealth-management Every financial adviser knows this story in one form or another. It is Friday afternoon, 10 minutes to the market close. New Products & Services Falah Capital sparks US Islamic finance? News Aggregation Team Monday, April 21, 2014 1:00 am http://ambankers.net/article/12036/falah-capital-sparks-us-islamic-finance The timing is very attractive and the evolution of Islamic ETFs is starting to swing higher New Products & Services New Insider Service From Institutional Investor's Sovereign Wealth Center Tuesday, March 25, 2014 12:00 am http://ambankers.net/article/11579/new-insider-service-from-institutional-investoramp039s-sovereign-wealth-center Institutional Investor's Sovereign Wealth Center is pleased to announce the launch of the Insider, a new forecasting service designed to give our clients a competitive advantage in working with sovereign wealth funds New Products & Services G4S posts drop in profits on higher costs News Aggregation Team Tuesday, March 12, 2019 12:00 am http://ambankers.net/article/40901/g4s-posts-drop-in-profits-on-higher-costs The security firm is in the middle of a transformation programme. Company Results BMO Q1 profit rises to $1.5 billion despite "challenging revenue environment" News Aggregation Team Wednesday, February 27, 2019 12:00 am http://ambankers.net/article/40750/bmo-q1-profit-rises-to-15-billion-despite-ampquotchallenging-revenue-environmentampquot The Toronto-based lender's North American personal and commercial banking businesses performed "very well" Company Results U.S Master Trust Universe Posts Negative Result Mitzi Limlengco Thursday, February 21, 2019 12:00 am http://ambankers.net/article/40670/us-master-trust-universe-posts-negative-result Real estate outperformed as global market performance negatively impacted equities in Q4 Company Results SQN Capital Management Announces Strong Growth Mitzi Limlengco Wednesday, February 20, 2019 12:00 am http://ambankers.net/article/40656/sqn-capital-management-announces-strong-growth The new program is being offered outside of the UK and with a cost of capital lower than any of the existing SQN programs, which should further expand market opportunities for the group. Company Results SEI adds USD1.1bn in new OCIO assets in Q4 2018 Mitzi Limlengco Monday, February 18, 2019 12:00 am http://ambankers.net/article/40629/sei-adds-usd11bn-in-new-ocio-assets-in-q4-2018 SEI's non-profit OCIO business now consists of 185 clients and over USD25 billion in assets under management. Company Results 3 Japanese Banking Groups Post Lower Profits in April-Dec. News Aggregation Team Tuesday, February 05, 2019 12:00 am http://ambankers.net/article/40479/3-japanese-banking-groups-post-lower-profits-in-april-dec The dismal results reflected poor performances of trading and asset management operations as well as increased loan loss reserves. Company Results Stifel Reports Fourth Quarter and Full-Year 2018 Financial Results News Aggregation Team Friday, February 01, 2019 12:00 am http://ambankers.net/article/40450/stifel-reports-fourth-quarter-and-full-year-2018-financial-results The Company’s reported GAAP net income for the three months ended December 31, 2018 was primarily impacted by merger-related expenses. Company Results Raymond James's Wealth Management AUM Plunges 10% in Latest Quarter News Aggregation Team Thursday, January 24, 2019 12:00 am http://ambankers.net/article/40334/raymond-jamesamp039s-wealth-management-aum-plunges-10-in-latest-quarter Quarterly pre-tax income likewise set a new record, reaching $164 million Company Results Market Volatility Has Impacted Americans’ Financial Satisfaction Mitzi Limlengco Tuesday, January 22, 2019 12:00 am http://ambankers.net/article/40294/market-volatility-has-impacted-americansamprsquo-financial-satisfaction It will provide an empirical measure of how the average American is feeling about their finances in these dynamic times. Company Results Goldman Sachs shares surge after fourth-quarter profit tops expectations News Aggregation Team Thursday, January 17, 2019 12:00 am http://ambankers.net/article/40233/goldman-sachs-shares-surge-after-fourth-quarter-profit-tops-expectations The bank’s shares rose 3.6 percent to $186.40 in premarket trading Company Results