07/19/2023
Taking the Edge Off the Risks
Last week’s better-than-expected US inflation report led to a rally in both bond and equity markets.
Wealth and Asset Management
07/19/2023
Brown Brothers Harriman Private Banking Team Continues Growth in Philadelphia
These hires reflect the firm's deep commitment to Philadelphia and the mid-Atlantic region, its private business owners, and local endowments, foundations, and non-profit institutions.
07/19/2023
Citi Wealth says look beyond tech to ‘compelling’ financials
Tech stock valuations leave little margin for error in the upcoming reporting season, whereas banks are only trading at book value despite an improving backdrop, says Citi Global Wealth chief investment officer David Bailin.
07/19/2023
Worldsource Wealth Management and IDC WIN to Utilize Broadridge’s AdvisorStream
Automated digital marketing enhancing the advisor-investor relationship and experience
07/19/2023
Jennifer Auerbach-Rodriguez, Merrill Wealth Management, Bank of America | Next 2023
And for all consumers, Rodriguez oversaw the launch of a new way to help people find a financial advisor.
07/19/2023
Consolidation in wealth management industry to accelerate, Citi survey finds
Among 68% of those polled cited regulations as the top near-term business challenge.
07/19/2023
Global Survey Shows Wealth Management Ecosystem at Inflection Point
This heightened focus on client experience and more specifically the digital client experience stems from evolving client expectations and the threat of digital disruptors.
07/18/2023
AdvisorHub names Rise Private Wealth Management co-founder and CEO Brent Kiley among ‘Advisors to Watch over $1Bil’
AdvisorHub recognizes elite financial advisors who manage more than $1 billion in client assets based on their innovation, professionalism, and success in the business.
07/18/2023
Citi Wealth Unit Posts Mixed Results Ahead of Sieg Takeover
Citi includes in that tally not only brokers but also private bankers, so-called financial client advisors, relationship managers, and investment counselors.
07/18/2023
Apollo Global Builds Team to Target World’s Top Family Offices
Apollo has assembled a roughly 10-person family office unit over the past year and plans to increase that number in the future.
07/18/2023
Morgan Stanley beats estimates on record wealth management revenue
Revenue of $13.46 billion vs. expected $13.08 billion.
07/17/2023
Real rates suggest IT valuations are stretched. Stay selective
In past years, IT stocks and US real rates had a strong negative correlation—i.e., when US real rates rose, US IT stocks declined and vice versa.
07/17/2023
Morgan Stanley Shifts Focus to High-Net-Worth Clients, Transfers Less Affluent Customers to Ord Minnett
The review was prompted by the presence of inactive wealth management clients with assets under $1 million, which led to a reassessment of the business.
07/17/2023
Searchlight to buy UK asset manager Gresham House for $615 mln
Gresham House shareholders will receive 11.05 pounds cash for each share held, Searchlight said, representing a 62.5% premium to the stock's last closing price.
07/17/2023
BlackRock eyes $7trn fixed income windfall on peaking rates
Money market assets will ‘flood fixed income market’
07/14/2023
Asset managers tap top talent to reach private wealth channel
The data also showed a 115% year-over-year increase in the hiring of capital-raising private wealth professionals at alternative asset managers from 2021 to 2022.
07/14/2023
Kestra Holdings’ Subsidiaries Shortlisted across Seven Categories for WealthManagement.com’s 2023 Industry Awards
High-volume of nominations reflect Kestra’s ongoing commitment to providing superior service, cutting-edge technology, and a suite of resources to deliver value to its nationwide ecosystem of financial professionals
07/14/2023
Wells Fargo Wealth sees revenue drop but assets rise in Q2 2023
The wealth and investment management arm of Wells Fargo saw revenue drop 2% year-on-year in Q2 2023, from $3,705m to $3,681m.
07/13/2023
Stick with quality income equitiesStick with quality income equities
Quality income equities have lagged traditional stock indexes. Is now time to abandon them? We think not, and outline three reasons why they can help navigate a more challenging second half.
07/13/2023
Latin America’s best bank for wealth management 2023: Banco Santander
It has a strong local presence in each of those markets except Peru, which it serves, along with Ecuador, Colombia and Bolivia, from its Miami hub.