Wealth management

Viteos, known predominantly as a fund administrator and operations support provider for hedge funds, has expanded its operations, accounting and reporting services to family office RIA firms.

Bennett Gross was previously director of wealth management for Pacific Wealth Advisors.

For bank reps looking to advance their careers, there’s no better news than a promotion or a job offer that’s too good to refuse. Here’s a sampling of bank reps who were either promoted or moved to new organizations to assume roles of greater responsibility from January 25 to February 9 of this year.

Former Morgan Stanley senior executive, advisor joins Beverly Hills Wealth Management as new senior vice president.

Raymond James is being more diligent about highlighting its RIA business as an attractive place for the industry’s best advisors.

Twenty-five-year financial planning veteran Bruce Laning will oversee individual and corporate retirement accounts at Baker Tilly Investment Advisors.

Independent wealth management firm Gresham Partners hopes that Bonaguidi’s experience and contacts within the company will enhance their wealth planning strategies.

Patrick Goshtigian takes the helm as the firm continues an expansion that began in 2005, via core operations and acquisitions.

Credit Suisse said its Wealth Management clients contributed net new assets of $4.4 billion in the fourth quarter, even as its investment banking business took a steep plunge that led to a loss for the company as a whole.

The seven hedge fund benchmark indexes operated by alternative investment manager IndexIQ on average rose more than 3% in January, according to January 2012 performance data released by the firm.

The newly created firm’s target net-worth range is broad enough to allow Angeles Wealth Management to allocate clients’ money in a wide range of asset classes.

Independent broker-dealer and RIA Lincoln Investment Planning has agreed to buy broker-dealer and RIA Capital Analysts from Western & Southern Financial Group, the firms announced. The deal, terms of which were not disclosed, is expected to close in the second quarter of this year.

J.P. Morgan had a product up its sleeve for its broker-dealers on Aug. 4. That was the date it put the servicing of more than one million accounts onto a new broker-dealer platform, known as Morgan Communications or MORCOM. The online system was to serve both retail and institutional brokers.

Sequentially, however, revenue in the Americas was down 5 percent. In the fourth quarter, the unit reported a pre-tax profit of $125 million. In the third quarter, the profit was $165 million.

John Goodman's lawyer states that the adoption was done to protect Goodman's children, not to shield assets from the family of the slain driver who is suing him. While Goodman, of Palm Beach, has been bashed across the country for his legal maneuver, it actually makes sense from a probate law perspective.

The largest information industry transaction by private equity players was the purchase of GoDaddy. Com for $2.25 billion, according to investment bankers Berkery Noyes. Here's what was hot.

U.S. Bank acquired the units of Union Bank’s institutional trust business that focus on retirement plans, labor management trusts, and registered investment advisors,

As part of the arrangement, Adams Hall will retain its name and gradually integrate its operations and systems into Mariner’s over time.

Just over three-quarters—76%—of advisors who have recently shifted to an independent business model say they're better off financially, according to a new study by Fidelity Investments. And 64% of those who say they're better off were better off within six months of their move, according to the study.

Not all trusts are created equal, especially when it comes to protection in a divorce.