There are portfolio managers who earn more through their personal trading than from managing client assets.
FORBES: Letter to Editor of BusinessWeek Re: Mutual Fund Personal Trading ( July 1, 1998)
With its big acquisition, UBS moved atop the ranks of world financial houses in client assets.
The firms are sometimes pooling client assets specifically to buy a piece of the social networking companies.
FORBES: Facebook And Twitter Shares Draw Concern From Regulators
"There's a greater percentage of our client assets in cash than we've ever seen before, " Pestrichelli acknowledged.
CNN: For some skillful and plucky investors, it's a buyer's market
Is the annual trail of up to 0.25% of client assets not compensation enough for a one-time referral?
Independence means you own the book of client assets that you have invested considerable time and energy in growing.
When I review institutional portfolios, I regularly request, receive and review non-public SEC deficiency letters of firms handling client assets.
That should help attract client assets, he says, into its mutual funds and separately managed accounts as market conditions improve.
Investment advisors must be registered with the SEC or a state securities regulator, depending on the value of client assets under management.
FORBES: Differences Between Stockbrokers, Investment Advisors And Financial Planners
Merrill Lynch is getting into the online-brokerage business, in a move that may be more about defending client assets than expanding them.
The move comes as a part of a push by Charles Schwab to gather as many client assets as possible under its umbrella.
When an advisor leaves a big firm, the clients are immediately reassigned to other employees at the firm and client assets remain in place.
As a result of the market downturn and weak-performing proprietary products, brokers have seen the fee-based compensation they receive related to client assets drop dramatically.
FORBES: Hookers Without Pimps: Brokers Flee Their Wirehouse Masters
Trading volumes fell by two-thirds and client assets by a quarter.
Cutwater only has about 10% of client assets in Treasuries, and that includes some accounts like municipalities that can only invest in government or agency bonds.
Should the economy continue to improve Schwab would likely benefit doubly from a continuation of the interest margin trends as well as further growth in size of client assets.
The general rule under the federal and state securities laws is that a fiduciary, the money manager, cannot use client assets for his own benefit or the benefit of other clients.
FORBES: Pensions and Brokerage: The Brokerage Battlefield Revisited (October 1, 2000)
We never keep a single penny of client assets.
FORBES: In A World Of Madoffs, Remember What Reagan Told Gorbachev About Trust
Three years later the same group is the hottest firm on the Street with client assets and brokers from rival firm flowing in, and all the while providing its struggling Swiss parent company with much needed stability.
Retail brokerage units Bank Of America Merrill Lynch, Morgan Stanley Wealth Management, Wells Fargo Advisors and UBS Wealth Management have been losing client assets to regional and independent advisory firms across the country and that trend is going to continue over the next three years.
The strategy came about during the meltdown of 2008, when correlations between different assets surged and Warren found that every effort he made to protect client assets had its own drawbacks, chief among them the cost of hedging by going short the market or jumping in and out of holdings.
Mr. Kresek said his focus last week had been on transferring a new client's assets from Lehman.
Credit Suisse has already added considerable wealth assets or new client money since 2009.
FORBES: Credit Suisse Wealth Management Feasts On Asian Rich
But its the same job: strategize with the client in order to gather assets which will generate commission.
In this environment, where many investors are paralyzed, it might be hard to raise a lot of new assets, making client retention more important than ever.
If a client had 80% of their assets in growth equities adding Netflix, Apple, Google, Microsoft or even Wal-Mart Stores or would not be appropriate since the portfolio is already grossly out of balance.
Having a client who maintains an online-brokerage account elsewhere poses a threat to the adviser and the firm, not just in terms of the assets that are kept there but also because the client may be offered other services at the discount brokerage and decide to shift more assets away from the adviser.
His principled stand lost him nearly half his assets under management due to client defections, but those that stuck with him did well in the bear market that followed.
Belmont Holdings, a closely held company that owns industrial minerals assets, is a useful client for its lawyers because it posted large losses amid the financial crisis stemming from investments in securities issued by big banks.
FORBES: The Prominent Philadelphia Businessman Working With Plaintiff Lawyers Against Big Banks
In 2001, when Martinez won her judgment against Cuba, Leeds told the Miami Herald that it could take years to unlock blocked Cuban assets to pass on to his client.
应用推荐