All articles by Charles Davis
Charles Davis
The hot new thing in client town
The packages even include tax planning, as Charles Davis reports.Model portfolios investment scripts bought wholesale from third-party asset managers and implemented by bank trust departments to develop unified managed accounts are on pace to top $385 billion of managed assets within the next five years, according to a report from the Money Management Institute (MMI) and Dover Financial Research.This is regarded by experts as astonishing, given that total assets in model portfolios reached $91 million in June, the report said
Delivering the feel-good factor
Charity begins at home, it is said, but for the wealthy, philanthropy is more than a way to feel good it is a central part of wealth management strategy and an increasingly important part of the private banking mix
Serving the breakaway brokers
US financial services businesses are starting to see opportunities in wealth management as increasing numbers of private bankers look to set up on their own and RIAs attempt to broaden their offering In todays investment climate, where the wirehouses haemorrhage jobs and many newly independent advisers see a greater need than ever to run both fee-based and adviser-side businesses, Fidelitys wealth management arm senses an opportunity to support breakaway brokers in the United States.