Nearly one-quarter of high net-worth individuals do not trust their children or stepchildren to protect their inheritance, a belief that creates “increasing complexity” in dealing with handling their wealth.

Stifel Financial Corp. has announced an agreement to merge with Thomas Weisel Partners Group in a deal both firms say will create a premier middle-market investment firm.

A Davie, Fla., insurance agent is accused of scamming senior citizens out of millions of dollars by making misrepresentations on life insurance applications to later sell them as stranger-originated life insurance (STOLI) policies.

Privilege Underwriters Reciprocal Exchange (PURE), an insurer targeting the high net-worth market, is now offering property-casualty insurance, primarily to costal properties in Rhode Island.

One Hundred Years Insurance Solutions acquired the assets of Insured Capital Management, based in Moorestown, N.J.

High net-worth clients aren’t getting the attention they deserve or the information about products and services available to them – at least in their minds.