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Opinion: Understanding The New Face Of Fortunes: Grappling With Social Media In Wealth

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Submitted by Financial Adviser on Thu, 06/21/2012 - 13:44
On 18 May 2012 something happened in the world of wealth management. Something significant. Nearly 1,000 people had a status change on their Facebook site from Employed to Target.
 
Of these 1,000, six hundred newly minted millionaires (oh, and a couple of billionaires...) work for Facebook and a further 400 millionaires were minted as a result of working at Facebook or being an early private investor in it. Hold that thought for the rest of this piece.
 

JPMorgan Downgraded by Egan Jones

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Submitted by Financial Adviser on Sat, 04/14/2012 - 11:51

Egan Jones downgraded the US for the second time last week and now downgraded Fed boss JPMorgan from AA- to A+.  

Morgan Stanley embraces social media

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Submitted by Financial Adviser on Wed, 04/11/2012 - 13:23

From Financial Standard:

Morgan Stanley Smith Barney will continue its exploration into social media with a formal program to follow up on its 600 adviser pilot program. In May last year, Morgan Stanley began testing a pilot program to allow its financial advisers to interact with clients and others on Twitter and LinkedIn through pre-approved public updates and private LinkedIn communications.

FSA Slaps One Of Its Biggest Fines On UK Bank, Slams Anti-Money Laundering Failures

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Submitted by Financial Adviser on Mon, 03/26/2012 - 20:45

Coutts, the UK private bank, has been fined £8.75 million (around $13.8 million) by the Financial Services Authority, the sixth-largest fine ever handed out by the regulator, for failing to take reasonable care to establish and maintain effective anti-money laundering systems and controls relating to high-risk customers, including “politically exposed persons”.

Nomura Likes Cable TV Stocks

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Submitted by Financial Adviser on Fri, 02/17/2012 - 13:12

ANZ Names Global Wealth Boss Amid “Major Upheaval”

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Submitted by Financial Adviser on Thu, 02/16/2012 - 21:38

Australia and New Zealand Banking Group has announced a shake-up within its senior leadership ranks, including the promotion of a new wealth management chief.

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