One of Wall Street’s most persistent rumors, says Alois Pirker, a widely respected analyst at the Aite Group, is that UBS’ New York-based Americas unit could go on the block this time. And he’s skeptical of his former employer’s commitment to wealth management, despite its recent tech investments, adviser compensation sweetener and a management shake-up.
Barrage of industry lawsuits could keep new Labor Department mandate tied up for years, giving the other regulators a chance to catch up and advisors even more time to evolve on their own. When the Department of Labor unveiled the new fiduciary requirements two months ago, advisory groups took a cautious “wait and see” approach. […]
Heavyweight champion didn’t leave billions behind but after 35 years of effective retirement he could’ve done a whole lot worse. Passive income and street-level ambition overcome a lot of hard hits along the way to get the best realistic outcome given the shifts in generational scale. Across his entire boxing career, Muhammad Ali probably didn’t […]
Amber Heard pulls out the big guns with restraining order and spousal battery photos. With her star husband already emotionally distracted and on the defensive, the moral is clear: the prenup is no longer optional for any HNW client. They looked so happy last year, smuggling their beloved terriers into pet-free zones as part of […]
Many people would rank Nevada as the leading jurisdiction for trusts. The opportunities found under Nevada law have prompted numerous estate planners and financial planners to situs their clients’ trusts in Nevada to take advantage of the advantages that Nevada offers that are not available in most other states. This article will highlight many of these opportunities. It is no longer sufficient to simply use the client’s home state as the trust situs.
Baywatch actor talking down net worth on the verge of a new movie probably won’t convince the court, but it’s probably the last chance he’ll get to make his case. David Hasselhoff has a problem. After four decades of TV stardom, he’d like to retire and live on the evidently considerable residual checks. Unfortunately, court-ordered […]
New elaborations of the TAMP’s technology platform extend its core functionality but the real value creation that emerged last week was farther reaching and more strategic. Every faction of the industry has the keys to unlock its vision of the future. From what I saw last week, wealth management technology provider Envestnet’s vision is coming […]
Fight over how to embody the countercultural giant’s notoriously litigious legacy feeds nothing but bad feelings between brothers at an emotionally fragile moment. If you ever needed an example of why independent trustees are critical to dynastic harmony, this is it. Throughout history, there have only been a handful of guitarists with the legal right […]
Radical transparency exposes 320,000 of the world’s shell companies to media exposure. With rich families scrambling for fresh cover, U.S. havens actually have a stronger competitive edge than ever. When presidential candidates show up in the database of people connected to offshore wealth havens, the situation shifts from mere scandal toward regime change. Donald Trump […]
Rush proposal complicates the family’s already crowded romantic dynamics while forcing the reality TV matriarch to move fast to protect the assets from alimony risk. Rob Kardashian has gotten his girlfriend Blac Chyna pregnant and proposed marriage in the wake of finding out. His mother Kris Jenner is reportedly furious. Adding Chyna to the dynasty […]