10/30/2023
The ‘great wealth transfer’ isn’t $72 trillion but $129 trillion, BofA says—and the government gave most of it to baby boomers
The investment bank isn’t alone in coming to this conclusion.
Wealth and Asset Management
10/30/2023
Other Capital Sources Have Stepped in Amid the Small Bank Retreat on Real Estate Lending
We talked to MSCI’s Jim Costello about where we are in the commercial real estate cycle and who’s been picking up the smaller banks’ business.
10/27/2023
Ameriprise sees wealth management growth despite slowing inflows
Also reporting its results Wednesday, St. Louis-based Stifel said it had to set aside $67 million in the third quarter for legal charges mainly arising from a similar probe.
10/27/2023
JP Morgan Asset Management Ramps Up Offerings Aimed at Wealth Channel
JP Morgan Asset Management Ramps Up Offerings Aimed at Wealth Channel
10/27/2023
Fiduciary Trust expands its $94B firm to ‘Wall Street South’
The Franklin Templeton subsidiary says the South Florida market is an important one.
10/26/2023
SEI Reports Third-Quarter 2023 Financial Results
Third-quarter 2022 results included one-time costs of the voluntary separation program of $57.0 million resulting in $0.32 diluted earnings per share.
10/26/2023
Stifel CEO Lauds Wealth Amid Slump in Dealmaking
Wealth management goes up, and the institutional business does down by an equal and like amount.
10/25/2023
Stansberry Asset Management: Excellence in High Net Worth Wealth Management Management Firms
In an era where financial landscapes are evolving at an unprecedented pace, SAM consistently demonstrates agility and adaptability.
10/25/2023
Osaic Celebrates First ConnectED National Conference As Rebranded Company
Osaic's flagship event focused on empowering advisors to thrive in a transformative wealth management industry
10/25/2023
The Average Family's Net Worth Is Over $1 Million. But This Doesn't Mean What You Think
To clarify, $1.06 million is the mean net worth for families across the United States.
10/25/2023
Citizens intros Citizens Private Bank
"We've continued to grow our talented team of relationship managers, wealth managers and support staff in a market that has been materially disrupted, which positions Citizens to be a preeminent private bank over time."
10/24/2023
UBS Advisor Team ViewPoint Partners Named to Barron’s Top 100 Private Wealth Management Teams List
As a team of men and women spanning four generations, they offer a diversity of perspectives and experience to help clients achieve their financial goals, through every stage of life.
10/24/2023
What can alternatives do for your portfolio?
Investors should be aware of the unique drawbacks involved in investing in alternatives, like illiquidity.
10/24/2023
Modern Wealth Management acquires father-son business in fifth deal
The deal adds tax strategy and preparation team to the national RIA firm.
10/23/2023
NewEdge Wealth Adds iCapital® to Its Alternative Investment Platform to Help Manage and Scale Private Equity and Hedge Fund Investments
iCapital’s innovative technology provides NewEdge Wealth with operational infrastructure to efficiently scale access to alternative investments
10/20/2023
33 Focus Partner Firms Named to Forbes/SHOOK 2023 List of America's Top RIA Firms
This list is based on a national survey conducted by SHOOK Research, including qualitative and quantitative factors such as telephone and in-person interviews with the firms being reviewed.
10/20/2023
Citizens Redefines Private Banking Sector With Launch of Citizens Private Bank
Six New Private Banking Offices to Open Across the Country
10/20/2023
Citizens evolves by establishing its own private bank
Citizens Financial Group revealed the national launch of Citizens Private Bank.
10/20/2023
Merrill team overseeing $1.37B jumps to RBC
The Miami-based Ruccio Group focuses on ultra-high-net-worth clients.
10/20/2023
JFS Wealth Advisors Launches New Website
Wealth Management Firm Unveils New Look, Elevated Service Offerings