10/26/2022
Asset managers stick to their guns on ESG
Political pressure has not deterred firms from pursuing sustainable investing
Wealth and Asset Management
10/25/2022
Royal Bank of Canada plans push into UK commercial banking segment
RBC is claimed to be the largest bank in Canada in terms of market value.
10/25/2022
Looking for Yield? UBS’s Wealthy Clients Turn to Cash
While they’re not withdrawing completely from markets, the volatility has increased uncertainty.
10/25/2022
Marilyn Suey, Founder of The Diamond Group Wealth Advisors, Named 2022 Five Star Wealth Manager San Francisco/Bay Area-Based Wealth Management Firm
The Five Star Wealth Manager award program is the largest and most widely published award program in the financial services industry.
10/24/2022
Valorous Advisors Chooses Partnered Independence With Sanctuary Wealth
Latest partners are 27th breakaway from Merrill Lynch and 12th Texas team
10/24/2022
Denver business journal names Creston Capital a 2022 fast 50 company
From 2019 to 2021, Crestone saw significant growth in revenue, full time staff, and clients.
10/24/2022
Signs of Slowing at UBS
Rising interest rates and the continued weakness of financial markets will have shaped the course of business at UBS in the third quarter.
10/24/2022
Wealth Managers Reluctant to Invest in Crypto
The survey, which polled 125 wealth managers worldwide, found that just 8% of participants indicated having invested in crypto for their customers.
10/21/2022
Rockefeller Asset Management Expands Team to Scale Existing Capabilities and Position Growth Centered on Strategic Partnerships
They will also allow RAM to extend the reach of its active equity and fixed income as well as alternatives strategies across fundamental, systematic, and thematic approaches.
10/21/2022
Millennial and Generation Z Financial Wealth Jumped 25% in 2021
It’s time providers consider this cohort to build long-term relationships
10/21/2022
AI in Wealth Management: A Win-Win for Clients and Advisors
Next-generation technologies unlock capabilities for improved prospecting, client personalization, and more
10/20/2022
The Society for Lifetime Planning Joins Kestra Financial
With the addition of the $600 million firm, Kestra is on track for its "best year ever."
10/20/2022
Goldman Sachs merges asset and wealth arms into $2.4tn unit
The latest changes come after the asset management arm’s revenues dropped 71% in the year to date.
10/20/2022
Mazuma Credit Union Moves Wealth Management Program to Ameriprise Financial for Enhanced Technology and Solutions
Mazuma members now have access to extensive services and solutions offered by Ameriprise Financial
10/20/2022
Super Advisor Secures $2 Million to Give Financial Advisors Independence
Rhino Ventures-backed Super Advisor wants to help financial advisors strike out on their own.
10/19/2022
Merrill Eyes Digital Marketing to Fuel Organic Advisor Growth
Bank of America’s wealth unit posted record profits, financial planning revenue and bank loans, even as the markets tumble.
10/19/2022
Goldman Sachs folds Marcus into wealth management unit
This is despite the fact that the bank presented investors and analysts with a chart in early 2020 suggesting that the business would break even in 2022.
10/19/2022
Morgan Stanley Loses $1 Billion Team to UBS
The Swiss bank said it hired a five-person team in Providence, R.I. with more than $1 billion in client assets.
10/19/2022
Credit Suisse working on capital increase – reports
The bank has lined up Royal Bank of Canada and Morgan Stanley, according to Bloomberg.
10/19/2022
Family Offices Could Teach UK Banks A Thing Or Two About Uncapped Bonuses
While the UK tries to answer that question, we explore how uncapped bonuses already work in Family Offices and the lessons that could be learned for banks once passed.