Leon Levy, 77, founder of Oppenheimer Funds and chairman of the fund's New York board has retired. Effective on the first of this month, Clayton K. Yeutter, a trustee of the New York Board for more than two decades, will assume chairmanship. Currently, Yeutter is a counsel to Hogan & Hartson, one of the nation's largest law firms. He was a U.S. Trade Representative in the late 80's and U.S. Secretary of Agriculture in the early 90's. Earlier in his career, he was president and CEO of the Chicago Mercantile Exchange.
-
The question ties into so many of the factors that distinguish large and small firms, various client niches and decisions about whether or not to hire staff.
10h ago -
Along with bringing in new households and assets, the Bank of America wealth management units are turning to loans, alternative assets and other offerings to do more with existing clients.
10h ago -
The largest wirehouse also reported a record quarter for wealth management revenues built on strong asset inflows in the third quarter.
October 15 -
Allowing artificial intelligence to make investment management decisions poses an organizational threat, according to the majority of advisors in Financial Planning's AI Readiness Survey.
October 14 -
Also remarkable: the size of the teams that are leaving and the types of firms benefiting from the defections, a new report from Diamond Consultants finds.
October 14 -
After a steep decline last quarter, Citi's wealth division rebounded in the third quarter with a record level of net new investment assets.
October 14