Managers of Wealth Americas

Veteran Merrill Advisor Breaks Away from $2.5 Billion Team

Brenda Cox, Senior Merrill Advisor is moving on to start Nspire Wealth an independent RIA in Denver.

Refinitiv boosts wealth management biz through acquisition

By integrating Scivantage’s solutions, Refinitiv has expanded its wealth management portals’ service offering

Investors Trust and Aiva join forces in Latin America

This is an important milestone in our efforts to use our combined professional experiences to collectively grow and reach new heights in terms of service and distribution."

First Republic Bank Declares Dividends on Four Series of Perpetual Preferred Stock for First Quarter 2020

A quarterly cash dividend of $13.75 per share was declared on its Noncumulative Perpetual Series G Preferred Stock.

Raymond James Hires $190M Borza Wealth Practice

Borza and his team will operate as Borza Wealth Management Group of Raymond James

Key Private Bank Selects Charles River Wealth Management Solution

"This signals a new chapter in the evolution of our business, and we are excited that we can better serve our clients by trading in all security types while reducing risk and improving efficiency across our investment functions."

Millions of wealth managers are racing to lock down next-gen financial advisers as they prepare for a wave of adviser retirements

Wealth firms need to be in position to win business from younger, more digitally native customers as they inherit wealth from baby boomers that have benefited from the long-running bull market.

Diversity of Asset Managers in Philantrophy

The study assessed the representation of women- and racial or ethnic minority-owned investment firms (“diversely-owned firms”), among investment firms used by the country’s top 50 charitable foundations.

Hurun Global Rich List 2020

The Hurun Global Rich List 2020 ranked 2,816 billionaires from 71 countries and from 2,182 companies.

Race to zero? These wealth managers aren’t sweating it

The commission-free shake-up began in earnest in October when Schwab said it would drop these trading costs, prompting other retail brokerages, including Fidelity, E-Trade and Wells Fargo, to do the same.

Charles Schwab acquires prominent area wealth management firm

Started in 1987 and continuously led by the founder, Wasmer Schroeder’s team has grown to over 60 employees, including more than 30 investment professionals.

RBC Wealth Management acquires $1.8 billion Wisconsin team

The deal with Visionary Wealth Management will make the 16-person team RBC's largest in the state.

Schwab to Buy Fixed-Income Firm With $10.5 Billion in Assets

“Generating income is one of the greatest financial needs facing the growing number of investors who are in, or preparing for, retirement,” Rick Wurster, executive vice president of Schwab Asset Management Solutions, said in the statement.

Wealth management in the 2020s

Last year highlighted many of the major trends of the past decade, which will continue to shape the industry in the decade to come

Rockefeller Hires $4.5-Mln Morgan Stanley and $3-Mln Merrill Teams

Sargent, who ranked #70 on Forbes’ 2020 list of top New York advisors, did not respond to several for requests for comment about his decision or his metrics.

BMO Financial Group Reports First Quarter 2020 Results

Overall portfolio credit quality remains stable, even as credit provisions this quarter were elevated, largely as a result of activity in two specific sectors," said Darryl White, Chief Executive Officer, BMO Financial Group.

Boston Private Releases Risk Management White Paper for Family Offices

The report examines the threats, trends and best practices in the evolving risk environment for family offices

Kestra Financial Recruits Rapidly Expanding Ivory Wealth Management

$214 million firm selects partner to fuel growth, enhance advisor service and recruitment efforts

RBC to Launch U.S. Consumer Bank Betting on Wealthy Clients

Profit at RBC's overall wealth management business, which accounts for 20% of earnings, grew 4% from a year ago.

HSBC targets the globally mobile with US$1.4t wealth business

HSBC will also target wealthier customers who travel or invest often overseas in more than 10 markets such as China where its share is smaller.

Wealth and Asset Management