Managers of Wealth Americas

Millennial and Generation Z Financial Wealth Jumped 25% in 2021

It’s time providers consider this cohort to build long-term relationships

AI in Wealth Management: A Win-Win for Clients and Advisors

Next-generation technologies unlock capabilities for improved prospecting, client personalization, and more

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."

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.

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

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.

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.

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.

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.

Credit Suisse working on capital increase – reports

The bank has lined up Royal Bank of Canada and Morgan Stanley, according to Bloomberg.

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.

Ares prepares strategies to meet wealth manager demand outside US

The firm’s wealth management solutions business is now a year old and is eyeing opportunities beyond its domestic borders.

Bank of America wealth arm registers 3% dip in Q3 profit

Total client balances decreased 12% to $3.2tn due to lower market valuations and net client flows.

Blackstone Charitable Foundation Announces $3M Grant To Significantly Expand Career Accelerator with Blackstone Career Pathways Partner Year Up

Blackstone Career Pathways will continue to expand across portfolio companies; builds on success of the Blackstone Veterans Hiring Initiative, with more than 100,000 veterans, veteran spouses and caregivers hired across portfolio since 2013

Wealth and Asset Management