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
Wealth and Asset Management
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
07/11/2022
UBS Weighs Elevating Iqbal Khan to Sole Wealth Management Head
The bank is focusing on expansion in the US and Asia as wealth pools continue to grow.
07/11/2022
Wealth management booms as the rich get richer but markets get choppy
Industry aims to attract rising tide of younger DIY customers coming into inheritances but who need assistance
07/08/2022
Raimondi's Dakota Wealth Management makes Montana RIA buy
The transaction marks the first expansion for Dakota, which is based in Palm Beach Gardens, Fla., out of the eastern time zone.
07/08/2022
Kingswood Acquisition Corp. and Wentworth Management Services LLC Announce Definitive Merger Agreement
The combined company will have a pro forma enterprise value of $208 million.
07/07/2022
Sanctuary Wealth Accelerates M&A Activity and Buys Stake in $3 Billion GoalPath Solutions
Firm brings expertise in retirement plans to Sanctuary's platform
07/07/2022
Mercer Advisors Acquires Harrison & Company Wealth Management, LLC
Expanding Mercer Advisors' East Coast Presence
07/06/2022
US family office buys UK wealth firm
In a bid to expand its international presence
07/06/2022
Former Merrill Lynch Advisor With $285M Joins RBC In California
Founded in 1909, RBC Wealth Management (U.S.) has $508 billion in total client assets with more than 2,100 financial advisors operating in 184 locations in 42 states.
07/05/2022
San Francisco has become so expensive that you need a net worth of $1.7 million to be 'financially comfortable,' survey says
That's compared to an estimated national average of $2.2 million, according to a polled sample of 1,000 American adults designed to represent the country.
07/05/2022
North America is seeing a hiring boom in private banking industry data analytics roles
Some parts of the world are investing more heavily in data analytics roles than others
07/04/2022
Ross Bennet Smith to Join Focus Partner Firm NKSFB, Expanding NKSFB’s Presence into the United Kingdom
Through RBS, NKSFB will gain additional talent as well as an international presence and expertise, while further expanding its position as a preeminent multifamily office and business management firm.