07/18/2022
Sanctuary Wealth Welcomes Mesa Pointe Wealth
Texas-based team with $120 million AUM joins from Edward Jones and chooses partnered independence with Sanctuary
Wealth and Asset Management
07/18/2022
Deutsche boosts int’l private bank with hires from Citi, BNY and PNC
Zann was previously a relationship manager covering institutional commercial real estate developers and private equity funds at PNC.
07/17/2022
A Wealth Management Bright Spot in Tough Quarter for Wells Fargo
The bank’s businesses, including its wealth management unit, got a boost from rising interest rates. Net interest income for Wells Fargo’s wealth unit soared 50% year over year, or $306 million, to $916 million.
07/15/2022
Northern Trust Front Office Solutions Enhances Liquidity Management Solutions for Asset Owners
The new tool offers improved customization, efficiency and visualization for complex asset allocators.
07/15/2022
Hartford Investment Management Company Joins Constellation Strategic Committee
Founded in 2018 by alternative investment manager, Wafra Inc. (‘Wafra”), Constellation unites the expertise and capital base of premier institutional investors around the world with promising growth-oriented alternative asset managers.
07/15/2022
Truist Foundation announces $1.25 million grant to Nashville Business Incubation Center
Grant provides wraparound support services for local women entrepreneurs through tools, training, mentorships and results-driven curriculum
07/15/2022
Wealth Enhancement continues acquisition spree with Titus Wealth buyout
Titus Wealth is said to manage over $776m in client assets, of which $202m are brokerage assets supervised by LPL Financial, a separate unit from Wealth Enhancement Group.
07/15/2022
Morgan Stanley Wealth Mgmt's Client Assets Plunge 13%; Earnings Miss Expectations
Net income in the unit was 6% lower in the second quarter compared to the first quarter and the same quarter last year.
07/14/2022
Wealth Management Firm Continues Global Expansion for UK Expats
Chase Buchanan, the international private wealth management company has further expanded local presence with a new office in Javea, Spain supporting the growing demand from UK nationals living abroad.
07/14/2022
Credit Suisse Asset Management's Credit Investments Group Closes Private Credit Opportunities Fund at USD 1.67 billion
To date, PCO has deployed approximately half of the Fund which will have in excess of USD 3 billion of deployable capital including leverage.
07/14/2022
Apex Group expands offering with acquisition of Context365 business
This acquisition reinforces Apex Group’s mission to disrupt the industry through delivering frictionless, innovative and digital solutions into the asset management space.
07/14/2022
$421bn Stifel to enter offshore wealth management arena with new Miami biz
Coloma joined Stifel in June last year as a branch manager and has been working on setting up its international wealth management business since his arrival
07/14/2022
Wealth Enhancement Group Acquires Titus Wealth Management, a Hybrid RIA With More Than $776 million in Client Assets
This is Wealth Enhancement Group's Seventh Acquisition of 2022, Expanding Its Northern California Presence to Eight Offices
07/14/2022
JPMorgan’s Earnings Disappoints; Jamie Dimon Says Firm Ready for ‘Toughest of Times’
Chief executive officer Jamie Dimon was optimistic about the asset and wealth management business, however, noting that it "delivered solid results as the impact of higher rates and loan and deposit balances more than offset the decline in market lev
07/14/2022
Citizens Financial Group to Expand Wealth Management Business with Acquisition of Paladin Advisors
This acquisition will strengthen our wealth management business
07/13/2022
UBS Advisor named Top Private Wealth Advisor in Los Angeles by Forbes/SHOOK Research
Drew ranked #1 in the Los Angeles Private Wealth Management category and has appeared on the Forbes/SHOOK Best-In-State Wealth Advisors list for five consecutive years.
07/13/2022
Growing Smart(ly) In A Way That Matters: Pathstone to Acquire Dyson Capital Advisors
The combination will bring Pathstone’s total assets under advisement to ~$38 billion. Pathstone will now be in 14 locations with 295 team members, more than 115 of whom are shareholders of the firm.
07/13/2022
Sanctuary Wealth Receives $175 Million Growth Investment From Kennedy Lewis Investment Management
Investment to accelerate Sanctuary Wealth's growth and reshape the wealth management industry
07/12/2022
Bain & Company expects the wealth management market to double in size, exceeding $500 billion in revenues by 2030
Realizing this potential will require reaching emerging customer groups, including the estimated 250 million Generation Y and Z customers with annual incomes over $100,000 by 2030
07/11/2022
Sanctuary Wealth Facilitates Acquisition of $140 Million Arkansas Independent Firm
Marriott Wealth Advisors becomes a division of mFORCE Capital, a Sanctuary partner firm