Northern Trust has promoted Rick Fernandez to managing director of one of its Miami wealth advisory teams, and has hired Xavier Martinez as senior portfolio manager within that team.
Snowden Lane adds ex-Wells international advisors
January 23, 2017 by
David Lautz and Francisco Malfavon have joined Snowden Lane's San Diego office. They are the forming the LEM Group, and bring USD 125 million in client assets, increasing Snowden Lane’s asset base to over USD 3 billion.
Natixis survey: A quarter of US advisors plan on selling their books, merging with a larger firm or leaving the industry
October 13, 2016 by
“The challenges facing financial advisors are tougher than ever, as they are asked to do more with less in an environment that seems to put low fees ahead of all other considerations,” said John Hailer of Natixis Global.
Wells Fargo/Gallup Survey: Investors cheer low rates at their own peril
October 7, 2016 by
While clients love the benefits of low interest rates when it comes to mortgages and loans, too many fail to grasp the impact of low yields on retirement savings, said George Rusnak, co-head of global fixed-income strategy for Wells Fargo Investment Institute.
Two more ex-Merrill advisors launch independent boutique firm
September 14, 2016 by
The principals of the newly launched Coral Gables-based Maximai Investment Partners were said to run client books worth a combined USD 550 million.
Fidelity uncovers what drives millionaires to recommend their advisors
August 23, 2016 by
“We have entered a ‘referral economy’ – where we, as consumers, thrive on sharing the people and things we value with those in our social and professional networks,” says Fidelity's Bob Oros.
Ex Citi and Itaú private bankers hook up with WE Family Office
March 17, 2016 by
Manual Cabielles and George Moscoso have joined WE's Miami office as relationship managers, expanding the firm's reach among Latin American families.
Fidelity survey: Portfolio management and international surge as top advisor concerns
May 26, 2015 by
"Advisors are trying to leverage multiple asset classes to strike a balance between risk and reward," said Scott E. Couto, president, Fidelity Financial Advisor Solutions.
BofA Merrill Lynch survey finds concerns of overvaluation in both equity and bond markets
April 17, 2015 by
The proportion of global investors saying equity markets are overvalued has reached its highest level since 2000. A net 25 percent of respondents to the global survey say that global equities are currently overvalued, up from a net 23% in March and a net 8% in February. This is still, however, short of the record-high level of a net 42% in 1999.
Morgan Stanley: High-net-worth investors predict positive 2015 on strength of US economy, tech and biotech stocks
January 29, 2015 by
Morgan Stanley Wealth Management’s semi-annual Investor Pulse Poll found that the wealthy see their best opportunities coming from the US, in technology stocks, and in equities in general.
