03/16/2021
Abacus Buys Bay Area-Based Wealth Manager
“As the impact investing world has gotten more and more sophisticated, what we have been able to offer has gotten more sophisticated,” Kessel said in an interview.
Wealth and Asset Management
03/16/2021
Sanctuary Wealth Makes Push for Latin American Market
Launch of new subsidiary coincides with opening of Miami office to be led by Sanctuary Securities President Bob Walter
03/16/2021
IG Wealth Management Introduces Discretionary Models to the iProfile Private Portfolios Program
The discretionary model portfolios will integrate existing iProfile Private Pools and new exposures to active allocation, alternatives, passive ETFs, low volatility and private assets, as outlined in the following two sections.
03/15/2021
Canaccord Genuity Group Inc. Announces a Proposed Offer Made to and Rejected by The RF Capital Board to Acquire 100% of the Outstanding Shares of RF Capital Group Inc.
The Proposal represented a 31% premium to the closing price of RF Capital common shares on March 12, 2021 and a 30% premium to the volume-weighted average price for the 20 trading days ended on that date.
03/15/2021
Study Shows US Household Wealth Soared to Record Levels in 2020
The study reveals that U.S. Millionaire investors - households with $1 million to $5 million in net worth, not including the value of their primary residence (NIPR) – increased by 600,000 to 11.6 million in 2020, a 5.5 percent increase over the prev
03/15/2021
SEI's Collective Investment Trust Business Experiences Significant Growth
Target-Date Fund CITs Gaining Momentum, SEI's CIT Business Benefits from U.S. Retirement Market Trends
03/14/2021
Standard Chartered research finds continued confidence in growth outside home markets amongst European and US companies
Asia remains a major growth region with Africa and Middle East seeing incremental increase
03/14/2021
Billionaire Mackenzie Scott is giving her fortune away and turning philanthropy on its head
On the Giving Pledge website, which encourages billionaires to give away a majority of their wealth to charity, Mr Jewett wrote publicly for the first time about their marriage, and declared that he planned to join Ms Scott in giving away most of their we
03/12/2021
CI Financial to Acquire New York-Based RIA Barrett Asset Management
CI’s U.S. assets to reach $50 billion
03/12/2021
Wells Fargo Asset Management Wins Five Refinitiv Lipper Fund Awards
We are honored that Refinitiv Lipper has once again awarded several of our mutual funds
03/12/2021
Wells Fargo Wins Celent Model Bank Award for Embedded Finance
Wells Fargo’s SDK revolutionizes the customer experience by providing a card open experience within the online purchase flow; for example, during shopping cart check-out.
03/11/2021
JP Morgan Shows More Digital Assets Love
JP Morgan will offer investment notes with a $1,000 minimum investment, which will pay out based on basket companies’ market performances.
03/11/2021
CI Financial Reports Total Assets of $236.5 Billion for February 2021; Wealth Management Assets Reach $100 Billion for the First Time
All financial amounts in Canadian dollars unless stated otherwise.
03/11/2021
Jefferies Committed to Wealth Management, Executive Says
Production per advisor averages around $2.3 million, surpassing the million-dollar-plus averages at industry whales such as UBS Wealth Management USA, Merrill Lynch and Morgan Stanle
03/11/2021
Wells Fargo to end its Abbot Downing wealth management brand for the ultra-rich
Abbot Downing was announced in 2011 to combine multiple existing units at the bank that served the rich.
03/10/2021
Savant Wealth Management: Reaches $10 billion milestone
The milestone can be attributed to Savant’s long-term growth strategy and its client-centric model offering comprehensive wealth management services
03/10/2021
Morgan Stanley’s Portfolio Risk Platform Wins Celent Model Wealth Manager 2021 Award for Products and Platforms
Firm recognized for industry-leading risk management technology solutions and analytics that help its Financial Advisors mitigate risk in client portfolios.
03/10/2021
Insights from our survey of family offices across the globe
In uncertain markets, family offices have been relatively unflustered, with only 23% anticipating making material portfolio changes.
03/10/2021
Credit Suisse Releases 2021 Hedge Fund Investor Survey
Hedge funds are favored asset class to enhance traditional 60 / 40 model – 70% of investors plan to make changes to their portfolio in 2021 due to the current environment of lower bond yields.
03/10/2021
Future Returns: How UBS Surpassed a $5 Billion Impact Goal
The fund also financed grants for academic cancer therapy research and access to cancer care in developing countries through a percentage of the manager performance fee and 1% of royalties on any drugs that came to market.