04/15/2018
Mining for millennials
By 2020, the aggregated net worth of global millennials is estimated to hit between $19tr and $24tr
Wealth and Asset Management
04/15/2018
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
04/13/2018
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.
04/13/2018
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.
04/12/2018
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.
04/12/2018
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.
04/11/2018
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.
04/10/2018
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.
04/10/2018
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.
04/10/2018
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
04/10/2018
Six Common Wealth Transfer Pitfalls
Entitlement and lack of familial ties are two of the many threats to successful generational wealth transfers.
04/09/2018
Winners of annual Wealth Management Awards revealed
The winners of the World Finance Wealth Management Awards, 2017, have demonstrated confidence in avoiding such pitfalls.
04/09/2018
Retired Wells Fargo Wealth Chief Defends the Firm
David Carroll comes to Wells Fargo’s defense, Texas advisors accused of running a Ponzi scheme and Buckhead Investment Partners rebrands.
04/06/2018
JPMorgan Chase Expects to Double Market Share of Affluent Clientele
CEO Jamie Dimon said the bank has only captured 1 to 4 percent of the market.
04/06/2018
Wells Fargo’s Wealth Boss Rebuts Report on Advisor Sales Bias
“We have in place long-established processes and practices to help ensure that account openings are authorized in writing by the client.”
04/06/2018
Swiss private bank rolls out new digital advice platform in US
Combines intelligent technology with access to a financial advisor, as well as UBS research and financial goals tracking capabilities
04/06/2018
Diversified financial services firm partners with W Source to advance women in finance
The partnership will aim to support female financial advisors’ businesses through business network referrals and help drive the advancement of women within the industry.
04/06/2018
Uruguayan wealth firm on acquisition hunt to boost growth
Criteria currently has 18 advisors and is increasingly investing in its open architecture platform, said Reekstin.
04/06/2018
Envestnet | Tamarac Takes Top Honors at Family Wealth Report Awards for Best Portfolio Management Application
Award recognizes the caliber of the Tamarac portfolio management solution for second straight year
04/06/2018
Old Mutual Global Investors Strengthens US Offshore and Latin American Presence
Under the new arrangement, which was effective from 1 April 2018, the team will work with OMGI, continuing to develop and support the business’s position in the market.