High net worth

The firm has 20 teams that cater to ultra-high-net-worth individuals in the Sunshine State, and has plans to double that over the next few years.

Though interest rates remain low, the partnership gives advisors specialized deposit accounts and lending opportunities tailored to wealthy clients.

A hunt for heavily-short stocks has delivered millions of dollars to wealthy executives and investors.

Whitnell & Co. changed hands in a deal with a regional bank that also struck a strategic partnership with the wealth manager.

The private equity-backed RIA agreed to purchase its first firm of the year after being one of the most active acquirers in 2020.

For all the central bank’s plaudits, it’s powerless to stop the wealth gap in America from growing wider.

Some advisors say they’re busier than ever in the last weeks of 2020.

The potential for higher rates in 2021 is real, but exactly what the rate would be, and who would pay those rates, is far from certain.

The firm has sought to broaden the range of clients it targets with its wealth-advisory services.

The advisors know RBC’s Pittsburgh complex director from earlier in their careers, when all three men worked at Smith Barney.

Wealthy clients are the fastest growing segment of the company’s retail division.

Fortunes in the tech and health care sectors jumped by 43% and 50%, respectively.

The company plans to expand services to the high-net-worth by doubling the number of its advisors, its wealth management head says.

“I would not be doing my job as somebody that is totally committed to making our Americas’ business a top competitive business for Julius Baer if I wasn’t seriously looking at a U.S. platform,” said Beatriz Sanchez, the bank’s head of the Americas.

Under the proposals, the top 0.1% of earners would be subject to a 43% tax rate on their income.

“Everyone is looking ahead to the elections and what tax policy could look like in various administrations," says Ben Huneke, head of investment solutions in the firm's wealth management division.

The firm expands on both coasts with Glasband Stempel Wealth Management in Florida and Carol Wilshire in California.

Credit Suisse has discovered fraud at its international wealth management business, two years after it was criticized by a regulator in a similar case that rattled the bank and raised questions about controls.

Gifting embedded loss assets can avoid a step-down in basis and preserve capital losses. Here's how to go about it, under several scenarios.

Tax-rate arbitrage is one approach, but it’s far from the only one, according to contributor Michael Kitces.