06/12/2019
CUSO grabs credit union program from LPL as parent closes Next acquisition
EECU is not the only credit union in Texas to join CUSO.
Wealth and Asset Management
06/12/2019
Merrill Lynch Team Goes for Independence with Sanctuary
An expanded range of investment options, operational support, and client services through Sanctuary will enable us to maintain our client focus” and “grow successfully,” Westcoat says in the release.
06/11/2019
Canaccord Genuity Buys Australian Securities Firm
Agreement substantially increases scale of the Company's wealth management business in the region and establishes a significant platform for expansion in Australia
06/10/2019
UBS Reportedly Hired Just 22 Experienced U.S. FAs in 2019
Between last November and April, meanwhile, 109 advisors left UBS
06/07/2019
Five Ways Securities-Based Lending Unlocks Opportunities for Advisors and Clients
By definition, high-net-worth and ultra-high-net-worth clients have enough assets to fund their lifestyles and meet their financial goals.
06/07/2019
Meet the Money Whisperer to the Super-Rich N.B.A. Elite
Who’s the guy Klay Thompson and other N.B.A. stars trust to manage their wealth?
06/07/2019
How Wealthy Have Our Super Wealthy Become?
We now have some new clues, thanks to the tax-evasion records whistleblowers have been so generously sharing.
06/07/2019
Goldman Sachs CFO Eyes Wealth Management Acquisitions in Europe
Executives at Goldman Sachs have been sketching out more details of how the firm plans to expand beyond its investment-bank division into more stable sources of revenue.
06/07/2019
$17B gone: The biggest-ever advisory team exit and the bank that lost it
If all that wasn't enough, only seven years have elapsed since the bank paid a groundbreaking $125 million to the advisors to acquire the RIA, Luminous Capital.
06/07/2019
Fidelity Plans New Wealth Management Platform
New open architecture platform will deliver deep integration with eMoney and access to leading investment and technology solutions, plus Fidelity’s robust service and a simplified client experience
06/07/2019
UBS Recruited Fewer Than Two Dozen U.S. Advisors This Year, Executive Says
“That’s obviously not a lot for a major wirehouse firm,” Louis Diamond, a New York-based recruiter with Diamond Consultants said of the new-broker count. “It definitely fits with the narrative about selectively recruiting.”
06/07/2019
Rockefeller to Reach $36B AUM by Year's End
“The reason a smaller firm can compete so well in the wealth management space now is that you don’t have to vertically integrate and build all of your digital,” he said, according to the news service.
06/07/2019
Will US firms change the face of Britain’s advice market?
The service lets clients first select their goals (whether it be sending their children to university or saving for retirement), and then provides them with the probability of achieving each goal, as well as suggestions on how to increase the probability
06/07/2019
Arthur J. Gallagher Acquires MDV Wealth Planning in Illinois
Thomas Vilardo and his associates will continue to operate from their current location
06/06/2019
Jeff Bezos is buying three New York City condos worth a combined $80 million
If the units were combined, the home would have 12 bedrooms and more than 17,000 square feet of space
06/06/2019
New York Private Bank & Trust Partners With Autus Asset Management
The partners of AUTUS have built a pre-eminent wealth management firm that provides their clients with the highest levels of personalized advice and service,” said Karl Heckenberg, CEO of Emigrant Partners.
06/06/2019
Canaccord Genuity Reports Fiscal Results
Excluding significant items, fourth quarter earnings per common share of $0.12 (1)
06/06/2019
Morgan Stanley Lets UHNW Clients Use Donor-Advised Funds for Drug Research
Donor-advised funds attracted $29.23 billion
06/05/2019
Envestnet’s latest trick? Offering annuities
“This bridge from advisory platforms to insurance carriers supports the entire advice lifecycle from accumulation to decumulation,” MacKinnon says.
06/05/2019
Rockefeller Capital expands family office in San Francisco
"Bruce and his team bring extensive wealth and investment planning knowledge that can be augmented by the comprehensive family office expertise at Rockefeller, including tax, lending, portfolio construction and trust and estate services," he add