Managers of Wealth Americas

UBS aims for 25% increase in advisors at wealth center

UBS Advice Advantage, built in collaboration with tech developer SigFig over a roughly 18-month period, has a minimum investment of $10,000 and an advisory fee of 75 basis points.

BlackRock, Inc. to Acquire Private Credit Manager Tennenbaum Capital Partners

Strengthens BlackRock's credit platform to provide more diverse range of solutions for clients

Morgan Stanley Wealth Management Reports Record Profits

Morgan Stanley’s wealth management division had a record quarter for pre-tax profits, although advisor headcount declined slightly.

PNC Bank snaps up BNY Mellon’s wealth chief

The executive realignment will provide greater focus to each of the two groups, a PNC spokeswoman said.

Wall Street’s $6 Trillion Man Fink Is Finally Worth $1 Billion

The broad outlines of their twin careers are by now well-known.

Bank of America wealth unit net income surges 34% in Q1

Assets under management totalled $1.08 trillion at the end of March 2018, versus $946.778bn a year ago.

Merrill Lynch notches record revenue of $4B

Merrill Lynch's advisor headcount, at 14,829, was up 2% from the year-ago period but down 1% from the prior quarter. The company said the slight quarter-to-quarter decline was due to seasonal trends, which led to fewer hires into its training program

Cresset Completes First Multifamily Acquisition

The Chicago firm wants to bring private investment opportunities in the multifamily market to its wealth management clients.

Mining for millennials

By 2020, the aggregated net worth of global millennials is estimated to hit between $19tr and $24tr

Guggenheim Partners’ Asset-Management Unit Is Under SEC Investigation, Sources Say

The SEC investigation has touched on three California real-estate deals and a loan to fashion company BCBG Max Azria

The Family Office World Grapples With Confronting Big Corporations

In March, Rockefeller & Co. transformed into Rockefeller Capital Management following a transaction led by former Morgan Stanley wealth management chief Greg Fleming, with financing from hedge fund Viking Global Investors.

Credit Suisse forms Directs & Co-Investments Group

The Directs & Co-Investments Group will advise and assist PFG clients in the structuring and placement of private direct investments into the institutional investor market.

Paulina Mejia Honored by Crain’s New York Business as one of the ‘Notable Women in Finance in NYC’

Ms. Mejia is also a member of Trusts & Estates magazine’s Family Business Committee.

Why the Top RIAs Don't Feel Client Pressure to Lower Their Fees

In light of recent stock market volatility, meanwhile, 77% of respondents say they’re turning to alternative investments, 55% say they’re favoring index funds and 45% favor emerging market equities, according to the survey.

Ex-Citi and Safra directors launch $1bn wealth manager in Brazil

The trio runs the venture together and manages assets for six Brazilian families in the ultra-high net worth investor segment, Coutinho (pictured below) told Citywire Americas.

Invesco's $39 Billion Deal, Fee Cuts Solidify Spot in ETF Limbo

The asset manager completed its acquisition of Guggenheim Investments’ $39 billion ETFs, it announced Monday, and already it’s slashing fees on some of those funds as it looks to lure new assets.

Even as advisors jump ship, top execs are staying put

While executives are mostly staying put, more than half of lower-ranked financial advisors have either switched firms in the last five years or are seriously considering a move, according to a recent Fidelity study.

Brightspark now open to accredited investors through wealth management firms

Richardson GMP is the first wealth management firm to provide its clients with access to the VC asset class through our managed model, which bridges the gap between traditional wealth management and accessible venture capital via our new online investor p

Six Common Wealth Transfer Pitfalls

Entitlement and lack of familial ties are two of the many threats to successful generational wealth transfers.

Winners of annual Wealth Management Awards revealed

The winners of the World Finance Wealth Management Awards, 2017, have demonstrated confidence in avoiding such pitfalls.

Wealth and Asset Management