Former NBA star Kwame Brown has filed a lawsuit against Merrill Lynch, Bank of America and his former financial advisor, claiming they stole $17.4 million. Brown, who was chosen as the No. 1 pick in the NBA draft out of high school in 2001, claims he was a client of the banking institutions from 2004 until 2017, when they handled all of his financial matters, but were only supposed to invest or trade with his consent ...
Switzerland Tops in Wealth Management Assets Switzerland remains the world's largest wealth management center for international assets, according to the latest Deloitte Wealth Management Centre ranking. Switzerland managed $1.84 trillion in international assets at the end of 2017, followed by Britain ($1.79 trillion) and the United States ($1.48 trillion). ...
MMI Expands Its Educational Offering The Money Management Institute, a trade association that represents financial services firms, has expanded its Continuous Learning Center—launched last summer—with new curriculum from the CAIA Association, Investments & Wealth Institute (formerly IMCA), and the CFA Institute. ...
