Managers of Wealth Americas

Goldman Sachs looks to the masses to grow

New technology is opening the horizons of wealth managers that historically catered solely to the upper echelons of the world, allowing them to look to other segments to grow revenues.

BofA Wealth Unit Boosts Profits 14%; No Plans to Sell Retirement-Plan Ops

Some 11% of new client relationships for Merrill advisors came from referrals in other parts of the bank in 2018, and that level could rise this year.

MAI Capital Management Acquires Wealth Management Division of CCI Financial Group Inc.

Greater Cleveland-area acquisition supports MAI’s growth initiative

Goldman Expanding Wealth Management to the Masses

“We will pursue partnerships to engage the mass market,” Goldman Chief Executive David Solomon said on a conference call with analysts after the company reported first-quarter results that failed to meet analysts’ revenue expectations.

SEI Welcomes 7,400 Advisor Clients to the SEI Wealth Platform

Landmark Milestone Underscores Strength and Success of SEI's Global Wealth Management Solution

Northern Trust Asset Management Seeks Minority-Owned Broker-Dealers as Part of Diversity Commitment

Diversity is foundational not only to how we do business, but to how we invest, said Chief Investment Officer Bob Browne, CFA.

JPMorgan’s FA Ranks, Wealth Management Revenue Grow Slightly

By the end of this year, the company plans to have around 6,500 advisors globally

John Paulson Plots Path to Spin Off Funds in Transition to Family Office

One group serves as proprietary trading vehicles for the 63-year-old founder; the other holds outside capital as well a smaller portion of Paulson’s money.

Sanctuary Wealth Launches Sanctuary OCIO Solutions

New Division Expands Sanctuary’s Range of Investment Services for Advisors, Their High-Net-Worth Clients, Institutions, and Foundations

Why the Wealth Management Market is set to explode?

The technological advancements in Artificial Intelligence (AI) have enabled the platforms to provide services

UBS chairman: Europe is running out of economic policy options to boost growth

On the monetary policy front, the ECB has pumped trillions of euros into the economy over the past few years to boost inflation and promote growth.

Venezuela government intervenes at private bank after offshore affiliate closes

It will allow the bank to keep operating, but dividend payments, new investments, and new board appointments will be prohibited.

US high net worth market expanding at record pace: Cerulli

Managing the wealth of HNW clients - those with greater than $5m in investable assets - is understandably appealing to advisory practices; however, many firms lack the resources or capabilities to serve the high end of the market effectively.

Technology: the M&A Influencer

Data integrity and well-documented processes also ease the transfer of a firm’s business to new owners and the onboarding of new users.

Wealth Management Firm Opens Wilmington Office

The purchase of the Live Oak Bank unit “added to an existing service that we offer,” Brooks Campany, spokeswoman for Argent Financial Group, said Tuesday.

Carlyle-backed art finance business sold for $170m

thena Art Finance to be acquired by Soros-backed investment platform YieldStreet

JP Morgan Makes Big Wealth Management Push

Wealth management is a very good business if you can get assets, and it seems like JP Morgan is waking up to the fact that it has a better opportunity in the area than it formerly realized.

Ellevest CEO: Women are not a niche market

Women are half of the population, how come they don't invest like it?

Partners Group opens an office in Toronto

Our presence in Toronto will allow us to cater to increasing demand from a broad spectrum of Canadian institutions for private markets solutions.

Deutsche Bank’s Wealth Unit Reveals Big Plans to Win UHNW and Family Office Clients

The company has named Todd Stevens as global head of the new unit and Dan Kaiser as regional head for the Americas, Deutsche Bank says.

Wealth and Asset Management