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.
Wells Fargo’s advice for 2017: look beyond day-to-day volatility in global markets
January 10, 2017 by
If investors were looking solely at recent disruptive global events, "they wouldn’t have seen what was quietly happening in the background – nearly all asset classes were moving higher,” said Darrell Cronk, president of Wells Fargo Investment Institute.
Money managers could benefit from latest Brazilian repatriation law
December 19, 2016 by
“A relevant horizon of about BRL 150 billion (USD 40 billion) of "new" resources to be administered onshore and offshore has been opened," said Itau Private Bank's Gustavo Tavares.
BofA Merrill: 2017 shaping up as year of the active investor
December 12, 2016 by
“If investors choose asset classes, sectors and stocks carefully, they can meaningfully outperform the market," says BofA Merrill's Candace Browning. "2017 could be the year of the active investor.”
SSGA: Current environment favors sectors over style for investment advisors
November 21, 2016 by
“The 'lower for longer' return environment has many investment professionals taking a more precise approach to asset allocation, which favors sectors and industries over style-based investing,” said Nick Good, co-head of the Global SPDR business at State Street Global Advisors
UBS, Julius Baer and Pactual ponder Buenos Aires beachhead
November 14, 2016 by
The firms are said to be closely eyeing Argentina's tax amnesty program, which promises to bring back more than USD 15 billion into the country, while bringing billions more out of the shadows.
UBS/PwC report spotlights upcoming era of billionaire wealth transfers
October 24, 2016 by
As the US heads into "the greatest period of wealth transfer we’ve ever seen, there is much insight that we can gain from the experience of the successful wealth-transfer and legacy planning that takes place in Europe," said John Mathews of UBS Wealth Management Americas.
First half presented challenges for cross-border managers in the retail space
October 24, 2016 by
Demand for cross-border funds on the part of affluent Latin American investors slipped in the first half of 2016, with AUMs falling 1.1%. As a result, AUMs fell to USD 99.6 billion as of the end of June. A small gain in the Andean market helped offset weakness in the US and Mercosur segments.
Thiel to step aside at Merrill Lynch Wealth Management
October 13, 2016 by
Andy Sieg, current head of Merrill's Global Wealth and Retirement Solutions division, will succeed John Thiel as head of Merrill Lynch Wealth Management, effective January 1, 2017. Thiel will still serve as vice chairman of ML Global Wealth and Investment Management.
