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Bank executives expect to boost revenue from their wealth management practices 25% or more in the next five years, with some anticipating a 35% contribution to total bank revenue.
March 5 -
There are a number of good sessions scheduled for the BISA conference this week. Here are a few that piqued our interest.
March 5 -
Bankers say intensifying competition from larger players is prompting more discussion about the need to gain scale most likely through consolidation.
March 5 -
HNW clients face steep income and estate tax in some states, so a legal move to tax-friendlier territory can pay off.
March 4 -
"We're seeing more inquiries like this," says Dynasty president and CEO Shirl Penney. "As the opportunity presents itself, we think more teams will see the advantage of joining to achieve scale, size and get more bang for their buck."
March 4 -
HNW clients face steep income and estate tax in some states, so a legal move to tax-friendlier territory can pay off.
March 4 -
Five years after Citigroup became a symbol of all that was wrong with big banks, the country's third-largest bank appears to be bracing for a new round of scrutiny into its ethics.
March 4 -
Detroit agreed to pay $77.6 million to UBS and Bank of America's Merrill Lynch unit to end interest-rate swaps that have cost taxpayers more than $200 million since 2009, according to a court filing in the city's bankruptcy.
March 4 -
Executives today dont want a higher position so much as a broader position," says Kathy Freeman. "They want to be stretched and challenged, and they want an opportunity to grow."
March 4 -
Redemptions from Bill Gross's Pimco Total Return Fund slowed to a 10-month low in February, the first month after the resignation of CEO Mohamed El-Erian.
March 4 -
AdvisorGroup announced Monday that Rick Fergesen has been named as president and CEO of one of its four independent broker-dealers.
March 4 -
Prenups can help HNW clients and heirs in case of divorce or death, but advisors must avoid offending these spouses-to-be.
March 3 -
Driven by a continued steep decline in refundings, long-term municipal bond issuance remained paltry, with the lowest February volume since 2000.
March 3 -
In 2013, they produced an average of $381,411 in revenue for their financial institutions, up 31% from the previous year.
March 3 -
Wealth management firms are offering big compensation packages this year to push their advisors to sell more and sell up. Here are the best comp plans if you are $1M producer.
March 3 -
Prenups can help HNW clients and heirs in case of divorce or death, but advisors must avoid offending these spouses-to-be.
March 3 -
Longtime fund managers are improving their skills but are still not performing as well as newer members of the asset management industry, according to recent research released by the National Bureau of Economic Research
March 3 -
Managed futures offer a less risky way to give managers commodities exposure.
March 3 -
It's one of the most heated debates of investing that gained traction when Boston University economist Zvi Bodie stated in the mid-1990s that time plays no role in decreasing risks of holding stocks.
March 3 -
It's a New Tech World Order. Life - as we all knew it - is rapidly changing whether you're an advisor, fund manager, or investment firm.
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