Updated Monday, July 28, 2014 as of 10:25 AM ET
Suit Up! Merrill Lynch Boot Camp Preps Clients
In a wood-paneled classroom at the Wharton School, about 30 wealthy people waited patiently, making small talk with a neighboring person and drinking bottled water. Notepads and slideshow printouts lay before them.
As class began, they turned to their teacher, Stacy Allred, as she lectured on best practices of stewarding family wealth. The group was attending a financial education boot camp run by Merrill Lynch’s elite Private Banking & Investment Group, which caters to clients with $10 million or more in assets. She noted that many families see their wealth quickly dissipate after three generations. The culprit? Communication breakdowns between family members and inadequately prepared heirs.   more »
More in High-Net-Worth
The executive appears to fill a position vacated by a former JP Morgan private banker who left after three months on the job. more »
Midwest assistant regional director Matt Ransom has been promoted to vice president of new financial advisor training and development for its HNW education and practice management team. more »
Assets under management at UBS rose to $1.97 trillion, cementing its No. 1 spot in the ranking by Scorpio Partnership, a London-based consultancy. more »
The deal creates a new powerhouse wealth management firm, consolidating approximately $9 billion in assets from both Banyan and Boston Private Bank & Trust. more »
Richard Gill's departure from Focus follows the exit last month of Michael Paley, who co-led the firm's mergers and acquisitions team. more »
Both parents and their adult children report they are more comfortable talking to a financial advisor than to one another about planning and wealth transfer issues. Use these 7 tips to boost your firm's offering. more »
David Campanella will lead a team of wealth management professionals serving high-net-worth clients in Cleveland and Columbus. more »
Goldman Sachs has started a European lending business for its wealth-management clients and is seeking a $5 billion loan book within three years. more »
Advisors are using an array of sophisticated techniques to build engagement with existing HNW clients and garner interest from new ones. Here are 14 ways to win and retain ultra-wealthy clients. more »
High-net-worth clients increasingly find themselves having to support adult family members while Millennials consider how they can align their investments with their values. more »
'Demands for digital capabilities know no boundaries when it comes to age, wealth, or geography,' says Capgemini's Jean Lassignardie more »
Lebenthal & Co. said it will exit the municipal public finance underwriting and institutional sales business and shift those resources to its wealth management division. more »
A family office founded by Rothstein Kass executives gets backing from rapidly expanding Focus Financial Partners. more »
Lists
2014 Summer Reading List for Advisors

Current Issue

The July Issue is now online!


TWITTER
FACEBOOK
LINKEDIN

Industry Events

August 10, 2014 |

September 9, 2014 |

September 17, 2014 |

September 20, 2014 |

September 28, 2014 |

Already a subscriber? Log in here