Managers of Wealth Americas

The COVID-19 Investor Pulse Check Series

What is the impact of the crisis on investors’ expectations for the US economy, stock market, and business leaders?

Envestnet Reports First Quarter 2020 Financial Results

As we move forward, we are well positioned to help our clients navigate our new landscape.

CI Financial reports assets under management for April 2020 and announces completion of One Capital Management acquisition

CI's practice is to report preliminary statistics at each month-end. As a result, statistics for prior periods may not match those previously reported.

Emigrant Partners Takes Stake in Parallel Advisors

This Parallel/Emigrant combination will also empower us to offer true partnership opportunities through economic incentives and our collaborative culture to attractand retain more of the highest caliber advisors in the industry.

Hightower Makes Strategic Investment In $1.4B Ohio Advisory Firm

Cincinnati advisory business, with $1.4 billion AUM finds synergy with Hightower's culture and focus on growth

Milestone Wealth Management Aligns With Purpose Advisor Solutions

Milestone Wealth Management Continues to build out their Wealth Offering through Partnership with Purpose Advisor Solutions

Wealthy investors are holding more cash, UBS says they're wrong

Wealth manager says that now is the time to diversify into riskier, higher-yield asset classes rather than head to the hills

Kingswood acquires Californian wealth management firm

As permitted within the original Sale and Purchase agreement, the remaining Chalice shareholder has exercised their put option over the remaining 15% interest, so on closing Chalice is now wholly owned by Kingswood.

Forbes Recognizes Five Northwestern Mutual Advisors on Annual Top Women Wealth Advisors List

Forbes' Top Women Wealth Advisors list names the top women advisors in America based on an algorithm of qualitative and quantitative criteria

People Over Products: Why Private Banks Should Focus On Relationships, Not Sales

A PwC report notes that firms are increasingly moving toward a new model of wealth management

Rockefeller Hires $10-Million Team from Stifel

The team, whose other senior advisor is James J. “Jimmy” Lee, oversaw about $2 billion of assets under management from mostly first-generation entrepreneurs, Moldaver said in an earlier interview.

Exencial cracks $3bn with Charlotte RIA buy

We really focus on solid integration and making one culture, one organization,’ Burns said.

Stifel Reports First Quarter 2020 Results

The Company’s reported GAAP net income for the three months ended March 31, 2020 was primarily impacted by merger-related expenses.

ZEDRA launches corporate management services in the US

Whatever the reason for having a US vehicle, our clients want to work with a trusted partner, especially in the context of understanding local requirements and keeping the entity in good legal standing from a US and global context.

Gold demand rises as investor buying spree offsets jewellery plunge- GFMS

That offset a 40% year-on-year fall in consumption of gold by jewellers to 308.6 tonnes, a 19% decline in use by industry to 75.3 tonnes and an 11% dip in purchases by central banks to 129.3 tonnes, the report said.

The world’s wealthiest are sticking with stocks despite the coronavirus crisis, UBS finds

In general, business owners are also positive on the longer-term outlook

Crossbridge Capital launches CONNECT Prime Gives Back amid COVID-19 outbreak

This is an unprecedented time in our history.

UBS to Launch Funds Replicating Brokers’ Model Portfolios

The bank’s global wealth management unit generated $1.22 billion, up 41%.

US banks prioritised wealthy clients for SME rescue loans

Customers of Citi’s private bank, where the minimum account size is $25m, didn’t have to use an online portal to apply for a loan.

Billionaire Ray Dalio says coronavirus marks the start of a ‘new future’

Comparing the pandemic with other periods of economic hardship, such as the Great Depression, Dalio said the current downturn — painful as it is — would be “relatively brief” and would allow for a wider global “restructuring.

Wealth and Asset Management