UBS Group is in talks about ending the stand-alone status of a key unit that deals with some of its richest clients because of internal wrangling about how profits are shared between the wealth management and investment banking businesses. The ...

Fast-growing Chicago-based, multi-family office Cresset Asset Management is boosting its assets under management by more than 30% through the acquisition of Atlanta-based Berman Capital Advisors, a $4.7 billion firm founded in 2010. The deal, which is being described as a ...

If you’ve seen one family office — including everything from its client service model to its operational infrastructure — then you’ve seen precisely one family office. Certainly, the saying has more than an element of truth, with many family offices ...

Legislation that would increase regulation of advisory firms that manage wealthy families’ finances is heading to the House floor with only Democratic backing. The Democratic majority on the House Financial Services Committee on Thursday evening approved the bill on a ...

The House Financial Services Committee is set to vote this week on legislation that would increase regulatory oversight of some family offices. Currently, advisory firms that manage the finances of wealthy families don’t have to register with the Securities and ...