Boutiques

Updated Thursday, May 23, 2013 as of 12:47 PM ET

Boutiques

The Rise of the Boutiques

Boutique and hybrid firms are primed for growth in coming years as wirehouse advisors seek a greater degree of independence, according to a study from Cerulli Associates.

The Boston-based consulting firm predicted that the largest employee broker-dealers and wirehouses would remain dominant, but that a channel of smaller, niche firms would emerge as a strong competitor and lure in top talent in the coming years. more »

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Credit Suisse Attracts Super-Wealthy Clients to Boost Profitability

Credit Suisse Group AG said it’s increasing the proportion of assets under management from super- rich clients, helping to boost profit margins at Switzerland’s second-largest wealth business. more »

J.P. Morgan Securities Expands Advisor Force

J.P. Morgan Securities announced Wednesday it has added eight advisors to its offices in Boston, New York City, and Florham Park, N.J. more »

Piper Jaffray to Acquire Seattle-Northwest Securities

Piper Jaffray announced Wednesday that it will acquire Seattle-Northwest Securities, pending shareholder approval at Seattle-Northwest. The deal is expect to close in the second half of 2013. more »

U.S. Bank Names Regional Managing Director for UHNW Business in San Francisco

Martim de Arantes Oliveira will be responsible for driving the growth of Ascent’s new office, which will open this summer. more »

Fund Firms Brace for Alt Influx

Asset managers have taken notice of the the proliferation of alternative mutual funds in the retail and institutional channels and have changed their game plan accordingly. more »

Where the CFPs Are Now

Are planners better off working in states with fewer competitors? Not everyone agrees on the answer. more »

What Advisors Get Wrong in Retirement Planning

As baby boomers’ demands change, the industry needs to take a more holistic approach, according to the president of the Ameriprise Personal Advisors Group. more »

Barclays Wealth Management Americas Head to Exit

Mitch Cox, head of wealth management in the Americas at Barclays, has left his position to pursue other interests, a spokesperson for the firm confirmed. more »

J.P. Morgan Securities Opens 20th Office

The boutique wealth management firm extended its reach on the West coast with a new Seattle office. more »

Stifel Nicolaus Comes to Knight's Rescue

Stifel CEO Ron Kruszewski explains why Knight Capital's survival was important following last week's costly software malfunction. more »

Fink Says BlackRock Needs to Improve Equity ETF Market Share

BlackRock Inc.’s Laurence D. Fink, who heads the world’s largest asset manager, said his firm needs to capture a larger share of the deposits that are going into U.S. equity exchange-traded funds. more »

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