Updated Tuesday, July 29, 2014 as of 12:57 PM ET
Big Buyout Heats Up Market for High-End RIAs
The high end of the wealth management market is a very, very good place to be right now.
Valuations for advisory firms with over $500 million in assets under management are expected to escalate in the wake of this month's Boston Private Bank and Trust's $60 million acquisition of Banyan Partners -- made at what sources say was a valuation of nine times EBITDA.   more »
More in High-Net-Worth
Merrill Lynch's expanding financial boot camp deepens relationships by helping wealthy clients ensure that the family fortune lasts beyond this generation and the next. more »
The executive appears to fill a position vacated by a former JP Morgan private banker who left after three months on the job. more »
Midwest assistant regional director Matt Ransom has been promoted to vice president of new financial advisor training and development for its HNW education and practice management team. more »
Assets under management at UBS rose to $1.97 trillion, cementing its No. 1 spot in the ranking by Scorpio Partnership, a London-based consultancy. more »
The deal creates a new powerhouse wealth management firm, consolidating approximately $9 billion in assets from both Banyan and Boston Private Bank & Trust. more »
Richard Gill's departure from Focus follows the exit last month of Michael Paley, who co-led the firm's mergers and acquisitions team. more »
Both parents and their adult children report they are more comfortable talking to a financial advisor than to one another about planning and wealth transfer issues. Use these 7 tips to boost your firm's offering. more »
David Campanella will lead a team of wealth management professionals serving high-net-worth clients in Cleveland and Columbus. more »
Goldman Sachs has started a European lending business for its wealth-management clients and is seeking a $5 billion loan book within three years. more »
Advisors are using an array of sophisticated techniques to build engagement with existing HNW clients and garner interest from new ones. Here are 14 ways to win and retain ultra-wealthy clients. more »
High-net-worth clients increasingly find themselves having to support adult family members while Millennials consider how they can align their investments with their values. more »
'Demands for digital capabilities know no boundaries when it comes to age, wealth, or geography,' says Capgemini's Jean Lassignardie more »
Lebenthal & Co. said it will exit the municipal public finance underwriting and institutional sales business and shift those resources to its wealth management division. more »
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