08/02/2017
CI Financial reports assets under management
CI's average assets under management for the quarter-to-date were $120.6 billion, versus $122.7 billion for the second quarter of 2017.
Wealth and Asset Management
08/02/2017
Raintree Capital launches Raintree Wealth Management
Raintree Wealth Management takes a long-term perspective.
08/02/2017
JPMorgan Chase to downsize uks private banking operation
The merger would result in JPMorgan’s wealth management division becoming enjoined with the lender’s EU parent company.
08/02/2017
Royal Bank of Canada Looks to the U.S. for its Next Growth Phase
The domestic market has been performing well of late and continues to drive the bank’s performance.
08/02/2017
Canaccord Genuity Group Inc. Reports First Quarter Fiscal 2018 Results
The progress we are making to adjust our business mix and increase contributions from our global wealth management businesses is evident in our first quarter results.
08/02/2017
PCAOB Announces $1 Million Settlement with PricewaterhouseCoopers for Violations in its Examination and Audit of Merrill Lynch’s Compliance with the SEC Customer Protection Rule
PwC failed to fulfill its obligations during a period when Merrill Lynch exposed billions of dollars of customer assets to claims of its creditors.
08/02/2017
Hewins Financial Advisors' Patrice Cresci Emerges in the Top 25 of Forbes' Inaugural List of the Nation's Top Millennial Wealth Advisors
Millennials, defined by Forbes as those born after 1980
08/01/2017
Wealth Manager Opens in Tokyo
The company has been granted a license to provide alternative investments and asset management services to accredited investors, with operations expected to commence from a Tokyo location during November 2017.
08/01/2017
Wealth management industry reviews compensation (again)
UBS Americas head says cost of hiring too expensive; fees and salaries based around AuM rather than product.
07/31/2017
Notre Dame Partners With Girls Who Invest
The school says the number women investment managers in asset management has decreased from 10 percent in 2009 to less than 7 percent today.
07/31/2017
Environmental Risk Managers introduce pollution insurance for high net worth clients
Based upon your risk appetite/tolerance, does it make fiscal sense to transfer your environmental liabilities for fractions of a cent on the dollar to the ERMI HNW Pollution Insurance Program
07/27/2017
Raymond James posts 3Q profit
The results generated in the quarter were largely attributable to growth of client assets as a result of both net recruiting of financial advisors and market appreciation, strong investment banking revenues, and the positive impact from higher short-term
07/27/2017
Goldman Partners With Fidelity to Offer Loans to Wealthy Clients
The effort is the latest from Goldman Sachs to take advantage of a banking license it acquired during the financial crisis
07/27/2017
Lazard profit beats on record advisory, asset management revenue
Lazard's record operating revenue underscores the power of our model and the global breadth and depth of our franchise," said Kenneth M. Jacobs, Chairman and Chief Executive Officer of Lazard.
07/25/2017
Wellesley Investment Partners Named one of Financial Advisor Magazine's Top 50 Fastest Growing RIA Firms
The Firm is one of just two Massachusetts RIAs to make the list.
07/25/2017
$20 Billion Mariner Wealth Ramps Up Acquisitions
We’re ramping back up and expect to complete two or more acquisitions by later this year or early 2018
07/25/2017
United Capital buys three RIAs, adds $758 million
The 'hat trick' is in line with consolidator acquisition trends
07/25/2017
Continued wealth management support fuels rising ETF assets
A survey published earlier this year from BBH found that some 54 per cent of respondents believed that robo-advice presents an opportunity for their business as opposed to a threat.
07/24/2017
$20 Billion Mariner Wealth Ramps Up Acquisitions
Mariner Wealth’s biggest concentration of advisors comes in New York, New Jersey and Wisconsin.
07/24/2017
Merrill Lynch Has Big Plans to Catch Small Fry
The wirehouse plans to roll out the new unit in three or four regions in the fourth quarter and then expand it to up to 150 branches that together have about 1,500 brokers, sources tell the website.