Managers of Wealth Americas

CIBC Canadian wealth unit net income rises 14% in Q1

Overall, the banking group reported net income of C$1.33bn for the first quarter of fiscal 2018, down 5% from C$1.41bn in the corresponding year ago quarter.

HSBC Bank Canada reports strong performance with profit before tax up 25%

Strong overall performance with profit before tax up 25% for the year

Canaccord Genuity Group revenues soar 49% in Q3

Excluding significant items, third quarter diluted earnings per common share of $0.31

Carlyle's fourth-quarter earnings soar amid market rally

Following the passage of the Tax Cuts and Jobs Act of 2017, we revalued our net deferred tax assets and tax receivable agreement liability.

Lazard Ltd Reports Full-Year and Fourth-Quarter 2017 Results

Financial Advisory operating revenue was a record $1,388 million for 2017, 7% higher than 2016.

Apollo Global Management, LLC Reports Fourth Quarter and Full Year 2017 Results

“Our strong results for the fourth quarter capped an exceptional 2017 for Apollo,” said Leon Black, Chairman and Chief Executive Officer.

LPL Added 953 Advisors, $34 Billion in Assets from NPH Acquisition

The firm said after a second wave of transitions in the first quarter of this year, it will retain 65 to 70 percent, or $70 to $75 billion, of National Planning Holdings’ assets.

U.S. charges take shine off Brazil-driven Santander profit

The bank reported a net profit of 1.54 billion euros ($1.92 billion) for the October-December period.

Bluerock Capital Markets Reports 60% Growth in Capital Raise; Achieves Top 4 Ranking in Direct Investment Industry

Bluerock has structured over $1.4 billion in total property value and nearly 7.5 million square feet of property.

UBS Wealth Americas Loses Some Autonomy—and More Brokers

The changes, including a pullback from recruiting veteran advisors, the traditional source of new client money, impacted fourth-quarter results as both brokers and customers left the bank, the bank said.

BNY Mellon profit rises 37 pct on tax gain

Our fourth quarter results were impacted by new tax legislation and actions that we took to strengthen our firm for the longer term.

Goldman Sachs reports net loss of $1.93bn in Q4 on US tax reform

Assets under supervision at the Investment Management arm totalled $1.49 trillion, an increase of $38bn from the fourth quarter of 2016.

Signature Bank Reports 2017 Fourth Quarter and Year-End Results

The Bank’s strong risk-based capital ratios reflect the relatively low risk profile of the Bank’s balance sheet.

Morgan Stanley Wealth Management Reports Record Revenue, Profit Margin

The bank said wealth management should achieve a pre-tax margin of 26-28 percent this year, even as it continues to invest in the business.

Goldman investment management assets near $1.5trn

The firm’s investment management division, which houses Goldman Sachs Asset Management and Private Wealth Management, saw assets under supervision, increase by $115 billion, or 8%

Bank of America posts a $2.4bn profit despite tax charge

Global markets, hit by a 13 per cent drop in fixed income, currencies and commodities revenues, was its only division to sustain a decline in the fourth quarter.

Rokos Hedge Fund Is Said to Lose in 2017 as Macro Peers Suffer

Some of the best-known hedge funds betting on economic trends in developed markets suffered last year as a lack of volatility and central-bank interventions made it difficult for them to make money.

Gluskin Sheff announces record AUM

Half of the net withdrawals during the quarter were attributable to one client.

Legg Mason Reports Assets Under Management and Flows for December 2017

Alternative AUM reflects $0.1 billion of realizations1. Liquidity outflows

Day 6 comment on fixed income markets

Twelve Days of Christmas for Investors - Day Six – Fixed Income looking down the barrel of lower returns