Managers of Wealth Americas

HBKS buys stake in K·Coe Wealth

HBK, short for Hill, Barth & King, ranked No. 56 on Accounting Today’s 2018 of the Top 100 Firms, with $80 million in annual revenue, while K·Coe Issom ranked No. 69, with $64.55 million in annual revenue.

CNBC Interview with Deutsche Bank Chief Financial Officer, James von Moltke

A significant amount of what we're working on as well relates to leverage exposure and bringing down the balance sheet, more than it does to dramatic restructuring actions.

Raymond James Financial Reports Second Quarter Fiscal 2018 Results

Results in the quarter were also helped by strong investment banking revenues and the effects of higher short-term interest rates.

Bank of the West Wealth Management Group Expands to New York with New Office

Bank of the West, part of the BNP Paribas Group, opens Midtown Manhattan location to serve high-net-worth clients in New York City and the surrounding region, with an emphasis on expatriates

Vistra doubles international expansion services business with acquisition of US-market leader Radius

Following the acquisition, Vistra will have a global IES team of 1,300 employees and a support network of over 3,300 staff, operating in over 70 offices and 40 jurisdictions.

M&A advisory, asset management drive Lazard's profit beat

Assets under management increased 17 percent to $251.7 billion, driven by net inflows across global and emerging markets equities and fixed income.

Merrill Ousts Star Chicago Broker Whose Team Includes Niece of Firm’s Wealth Boss

The team’s website lists Lee as a managing director and Caitlin Sieg, an assistant vice president, as the only other member with a corporate title.

UBS loses $300M team to Stifel as wirehouse exodus accelerates

The team’s clients include early stage investors and ultrahigh-net-worth individuals.

Wells Loses Large-Asset Team in Connecticut, $225-Mln-Asset Broker in Arizona

The pair oversaw almost $1 billion, said two people familiar with their practice, which services business owners, endowments and foundations, families, nonprofits and retirees.

Schwab Intelligent Advisory™ Named Winner of a Celent 2018 Model Wealth Manager Award

Celent is a global research and advisory firm for the financial services industry.

Merrill Lynch Team Brings $380M To DA Davidson

“We look forward to welcoming the team to the D.A. Davidson family and supporting our continued growth strategy in Colorado and beyond.”

More family wealth stays local with family offices

Number of local family offices has grown significantly in past 15 years

Why the family office is on the rise

Returns from private-equity funds have been flat in recent years, according to a 2016 report by the Washington-based Center for Economic and Policy Research titled "Are Lower Private Equity Returns the New Normal?"

UBS continues to cut loans to recruits, while increasing compensation to brokers

The wirehouse is sticking to its strategy of recruiting less and paying existing brokers more

Atria Wealth Acquires $23 Billion IBD

Atria’s acquisition of Cadaret, Grant will build upon the firm’s three decades of industry leadership, expertise and service to deliver one of the most competitive and powerful offerings in the independent wealth management industry.

HighTower to Acquire Salient Private Client

HighTower Enters Texas Market, Adds $4.5* Billion in Client Assets and Trust Capabilities

Wells Fargo Loses Reps to Raymond James, BNY Mellon

Wirehouse Wells Fargo has lost two financial advisors in Wisconsin and a senior trust team manager of its private bank unit in California.

Forbes names Morton Wealth Management to best-in-state advisor list

North Carolina firm ranks among best financial managers in the state and across the U.S.

Matthew Mellon: billionaire banking heir dies aged 54

Mellon reportedly was attending a rehabilitation center in Mexico to deal with an admitted opioid dependency

HighTower To Acquire $4.5 Billion Salient Private Client

In an interview with Financial Advisor on Tuesday afternoon in New York, Weissbluth said that Salient was attractive to HighTower for a number of reasons.

Wealth and Asset Management