Private Wealth Management

Financial Services Should Take a Page From the Physician's Code of Conduct: First Do No Harm

April Rudin | Posted 04.20.2012

Read More: Fidelity Investments, Charles Schwab, Wirehouses, Private Wealth Management, Wealth, Wall Street, Financial Services, Financial Planning, Consumer Protection, Brokers, Business News
April Rudin

Financial services needs to fix itself and repair its relationship with consumers who have developed mistrust of an industry who has harmed them.

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Not Only Cheap Electronics: The Chinese Are Manufacturing High Net-Worth Individuals

April Rudin | Posted 04.03.2012

Read More: Capgemini, Private Wealth Management, Wealth, Affluence, Hong Kong, Alternative-Investments, Banks, Kuala Lumpur, Private Banking, Asian Markets, Asia, High-Net-Worth-Individuals, China, Business News
April Rudin

Hong Kong and China, in general, have established themselves as global manufacturing capitals by inexpensively producing a variety of electronics, clo...

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Gen-X/Gen-Y Wealth Is Coming to Wall Street -- Financial Services Needs to "Catch the Wave"

April Rudin | Posted 05.27.2012

Read More: Social Media, Baby Boomers, Private Wealth Management, Gen X, Wealth, Wall Street, Social Networking, Brokerage Firms, Gen Y, Banks, Generation X, Banking Industry, Generation Y, Financial Advice, Brokers, Money News
April Rudin

The differentiators and qualities displayed by Gen-X and Gen-Y need to be well-understood and addressed to attract the the next wave of wealth.

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LinkedIn -- The Gateway Drug to Social Media for Financial Services and Others

April Rudin | Posted 05.12.2012

Read More: Internet, Business Development, Social Media, Linked In, Linkedin, Private Wealth Management, Wealth, Wealth Management, Banking, Private Banking, Client-Acquisition, Business News
April Rudin

There are many reports which support the idea that today's potential client will be intolerant of their wealth manager's reluctance to engage on social media platforms.

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A New Movement for Equal Opportunity

Jay Mandle | Posted 05.25.2011

Read More: Gender Equality, Social Movements, Private Wealth Management, Income Inequality, Campaign Finance, Politics News
Jay Mandle

Among political activists in the United States it has long been an article of faith that movements generally are built on identifiable self-interest. ...

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'Heiress Camps' Teach The Wealthy About Money

Newsweek | Nancy Cook | Posted 05.25.2011

Read More: Private Wealth Management, Wealth, The Rich, Heiress Camps, Rich Camp, Billionaires, Wealthy Americans, Wealth Managment, Estate Tax, Bush Tax Cuts, Business News

These financial seminars are fairly secretive. The firms and banks do not want outsiders to know which millionaires or billionaires attended, nor will...

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Private Banks Keep Hiring As World's Rich Get Richer

Posted 05.25.2011

Read More: Citi, Wealth Managers, Private Wealth Management, Private Bank Hiring, Citigroup Asia, Citgroup, Rbs, Private Banks, Royal Bank of Scotland, Business News

LONDON - Private banks will sharply expand headcount in coming years to capitalize on the growing number of wealthy individuals in Asia, dismissing c...

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Morgan Stanley Wealth Manager Won't Face Felony Charges For Hit-And-Run

The Huffington Post | William Alden | Posted 05.25.2011

Read More: Martin Erzinger, Steven Milo, Felony, Morgan Stanley, Private Wealth Management, Mark Hurlbert, Hit and Run, Colorado, Banks, Business News

This post has been updated. A Morgan Stanley wealth manager will not face felony charges for a hit-and-run because Colorado prosecutors don't want hi...

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Connecting with the Wealthy Through Social Media: Can You Reach a Luxury Box From the Bleachers?

April Rudin | Posted 05.25.2011

Read More: Wealth, Work, Business Development, Law of Attraction Tips, Social Networking, Money, Business Advice, Affluence, Luxury Travel, Harvard Business School, Business, High-Net-Worth-Individuals, Attraction, Harvard University, Luxury, Private Wealth Management, April Rudin, Law of Attraction, Business News
April Rudin

Even areas formerly clandestine like private equity and venture capital have ventured in to the social media area to allow investors and money to "meet-up" in a vetted forum.

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Citigroup Website Helps Millionaires' Children Manage Their Inheritance

Bloomberg | Donal Griffin and Bradley Keoun | Posted 05.25.2011

Read More: Vikram Pandit, Private Wealth Management, Charity, Sex, Millionaires, Bear Stearns, Tile Financial LLC, Citigroup, Business News

Citigroup Inc., 18 percent owned by the U.S. government, is testing a website to let millionaires' children manage their allowances, while alerting pa...

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World's Wealthy Sitting On $10 Trillion In Investable Assets

Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011

Read More: Private Banking, Scorpio Partnerships, Private Wealth Management, High-Net-Worth-Individuals, Business News

Here's another possible bump in road to the global recovery: the wealthy are still sitting on trillions in cash. The wealthy have kept a $10 trill...

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Private Wealth, Public Needs

David Callahan | Posted 05.25.2011

Read More: Taxes, Philanthropy, Estate Tax, Charity, Private Wealth Management, Warren Buffett, Wealth Tax, Bill Gates, Politics News
David Callahan

With both federal and state governments running record deficits, many fear that the United States is going broke. This is absurd, of course. Public co...

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The Financial Crisis And The Super-Rich: How They're Coping

Der Spiegel | Beat Balzli | Posted 05.25.2011

Read More: Super Rich, World's Billionaires, Private Wealth Management, Lehman Brothers, Swiss Banks, Swiss Bank Accounts, Financial Crisis, Billionaires, Heinrich Weber, Wealth Gap, Business News

When he speaks, Heinrich Weber sounds like a psychotherapist. But his profession involves addressing the worries of people who might normally be consi...

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Modern Portfoolio Theory II

Norb Vonnegut | Posted 05.25.2011

Read More: Sec, Galleon, Private Wealth Management, Hedge Funds, Norb Vonnegut, Raj Rajaratnam, Sec Investigations, Insider Trading, Securities, Galleon Scandal, Business News
Norb Vonnegut

What can investors do when their hedge funds implode? The Galleon scandal puts a fine point on this question.

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The $21.2 Billion Halloween Mask

Norb Vonnegut | Posted 05.25.2011

Read More: Sec, Top Producer, Private Wealth Management, Madoff, Financial Scandal, Norb Vonnegut, Acrimoney, Business News
Norb Vonnegut

The season makes me wonder: What does it take to become a Halloween mask?

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Modern Portfoolio Theory

Norb Vonnegut | Posted 05.25.2011

Read More: Sec, Galleon Group, Top Producer, Private Wealth Management, Hedge Funds, Norb Vonnegut, Business News
Norb Vonnegut

Money managers are always trying to get an edge. But how many have crossed the line with inside information?

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Too Big to Jail

Norb Vonnegut | Posted 05.25.2011

Read More: Hedge Fund, Wall Street, Private Wealth Management, Tarp, Norb Vonnegut, Barney Frank, Banks, Business News
Norb Vonnegut

Uncle Sam is wrestling how to govern organizations vital to our nation's economic welfare. I'd rather see legislators focus on leverage and preventive cures than after-the-fact remedies like "amending loans."

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More Talking Points for Clients and Investment Advisers

Norb Vonnegut | Posted 05.25.2011

Read More: Financial Advisers, Asset Allocation, Private Wealth Management, Norb Vonnegut, Acrimoney, Portfolio, Stock Portfolio, Optimal Returns, Stocks, Business News
Norb Vonnegut

I invest my clients' portfolios by focusing on their cash needs first: renovations to a house, capital calls from other investments, and tuition for example. These discussions are tangible.

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Straight Talk for Clients and Investment Advisers

Norb Vonnegut | Posted 05.25.2011

Read More: Financial Advisers, Top Producer, Wealth Management Clients, Private Wealth Management, Norb Vonnegut, Acrimoney, Business News
Norb Vonnegut

Financial advisers: we serve clients best when everybody is on the same page. I would resist the temptation "to reinvent yourself" just to make the quick sale and bag a few extra bucks.

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The World According to Grove

Norb Vonnegut | Posted 05.25.2011

Read More: Top Producer, Wall Street, Private Wealth Management, Norb Vonnegut, Acrimoney, Stockbrokers, Financial Advisers, Investment Management Fees, Business News
Norb Vonnegut

If I introduce myself as a "stockbroker" at a cocktail party, people look at their watches and say, "I'm late for a drive-through root canal."

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The Madoff Twelve

Norb Vonnegut | Posted 05.25.2011

Read More: Ponzi, Sec, Top Producer, Private Wealth Management, Madoff, Financial Scandal, Norb Vonnegut, Acrimoney, Home News
Norb Vonnegut

Ira Sorkin, defense attorney for Bernard Madoff, requested his client's sentence be limited to twelve years. He cited Madoff's age and thirteen-year l...

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Madoff: The Three Amigos

Norb Vonnegut | Posted 05.25.2011

Read More: Ponzi, Sec, Top Producer, Private Wealth Management, Madoff, Norb Vonnegut, Acrimoney, Clawbacks, Business News
Norb Vonnegut

What do Bernie Madoff, Ahmed Ghailani, and a captured Somali pirate have in common? They're all locked in the same New York prison.

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What Would Grove Do?

Norb Vonnegut | Posted 05.25.2011

Read More: Wall Street, Private Wealth Management, Norb Vonnegut, Acrimoney, Stockbrokers, Financial Advisers, Financial Scandal, Tax Shelters, Business News
Norb Vonnegut

Grove manages about $2 billion in total assets for wealthy families. He's seen it all inside his investment bank. He'll be joining Acrimoney for a new guest series: What Would Grove Do?

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Madoff Leftovers

Norb Vonnegut | Posted 05.25.2011

Read More: Clawbacks, Private Wealth Management, Financial Scandal, Madoff, Norb Vonnegut, Acrimoney, Madoff Victims, Business News
Norb Vonnegut

Madoff victims don't need a cook. They need Solomon to sort through these complicated issues of law and fairness.

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Bandaged Futures?

Norb Vonnegut | Posted 05.25.2011

Read More: Managed Futures, Private Wealth Management, Acrimoney, Norb Vonnegut, Interest Rates, Barclays Bank, Corn, Business News
Norb Vonnegut

Supposedly "managed futures" herald the dawn of an enlightened age for investments but what the heck are they and why are corn and interest rates being uttered in the same breath?

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