Managers of Wealth Americas

Citi Private Bank Hails Fernando Alonso on His Impressive Maiden Dakar Rally

Motor racing’s multiple world champion has again proved his incredible versatility in the iconic race in Saudi Arabia’s desert

UBS Loses 300 FAs in Americas Wealth Unit YoY

Invested assets in the Americas rose to $1.4 trillion at the end of the fourth quarter, up from $1.3 trillion in the third quarter of 2019 and $1.2 trillion in the fourth quarter of 2018, according to the report.

Bank of America to double adviser force in wealth push

Bank of America's wealth management unit, which includes Merrill Lynch and its Private Bank, saw total client balances jump 16% from last year to $3trn.

It will get tougher for the rich in US

They had a party going all through the last decade and it’s coming to an end

Goldman Sachs Posts Robust AUM Growth in New Consumer and Wealth Segment

While net revenue in the unit overall was $5.2 billion for all of 2019, wealth management revenue was $4.34 billion, which was 5% lower than in 2018, which the firm attributes to “significantly lower Incentive fees and slightly lower net revenues in

Regions Financial (RF) Misses Q4 EPS by 1c

Generated highest annual pre-tax pre-provision income since 2007

Why Banks Should Be Taking Clients’ Soft Assets Into Account

Financial institutions' knee-jerk reaction to these developments has been to rapidly try to identify other possible areas of monetization and develop financial products and services around these.

Goldman Reveals It’s Still A Small Player In Pursuit Of Wealthy

Goldman’s new focus on wealth management and consumer banking is part of his effort to make it less reliant on trading revenue and more responsive to financial trends such as the boom in alternative assets.

Citi private banking revenue eases in fourth quarter

On the whole, Citi had a total revenue of $18.4bn in the fourth quarter of 2019.

Robo vs financial advice: Battle of the Canadian wealth market

Questions being raised about whether tech start-ups can dominate in the HNW sector

Cerity Partners Announces Merger with $3 Billion AUM Wealth Management Firm, EMM Wealth

Lloyd Abramowitz adds, "We found Cerity Partners to be the perfect partner for EMM Wealth as they share our belief that effective wealth management extends beyond monetary assets to every aspect of life that wealth touches."

JPMorgan sees net income up 30% year-on-year

This was attributed to higher investment valuations and average market levels, and also deposit and loan growth.

UBS Plans Miami Office to Work With Latin American Wealth Firms

New office to provide services for third-party wealth advisers

Multimillion-dollar UBS Broker in Calif. Goes Independent with Wells

Wells Fargo Advisors has been actively recruiting into its employee and independent channels, offering Street-high deals to both brokers and recruiters, in a continuing effort to replenish a sales force that has declined by more than 1,300 since its paren

A Swiss Bank Is Selling Rich Clients an Exotic U.S. Election Bet

Structured products may strike many as an obscure way to play the election cliffhanger

Advisors who fail to embrace professionalism this decade do so at their peril

At the same time, it opened many investors’ eyes to the cost of financial advice – and the impact of that cost on their total returns.

Foreign managers see new opportunity from Chinese banks

The first foreign manager tie-ups with local banks for the new segment were announced in December

Global Market Insights - WHIreland Wealth Management

Inevitably, not all assets provided such positive returns.

Revealed: The winners of Citywire's US Offshore Awards

It’s now time to reveal the winners.

Envestnet Acquires Minority Stake In Dynasty To Launch Advisor Service

The Advisor Services Exchange, set to launch later this year, will provide Envestnet clients with the ability to leverage value-added services currently available to Dynasty network firms, such as access to growth capital, business management tools, marke

Wealth and Asset Management