Spanish bank Banco Santander announced today the combination of its private banking and asset management businesses to create a new global wealth management unit. The new division will be led by Victor Matarranz, senior executive vice president and member of the Management Committee and former head of Group Strategy. ... Piece of Mind a Top Measure of Financial Advice Investors rank security and peace of mind as the top measure of the value of professional financial advice, according to Dimensional Fund Advisors' 2017 Global Investor Feedback Survey. Of the almost 19,000 investors surveyed globally, 35 percent put this as their top answer. ... Some Advisors Prove Their Worth As Family Coaches A recent article on Forbes.com highlights the efforts by some advisors to provide money therapy to wealthy families. Wells Fargo advisor Amir Mossanen, for example, counseled parents worried about their youngest son, who had dropped out of USC and separated himself from the family business. Mossanen recommended they let the son continue on his course. He ended up creating Tinder. ...
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