Managers of Wealth Americas

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.

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.

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

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.

Wealth management industry reviews compensation (again)

UBS Americas head says cost of hiring too expensive; fees and salaries based around AuM rather than product.

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.

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

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

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

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.

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.

$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

United Capital buys three RIAs, adds $758 million

The 'hat trick' is in line with consolidator acquisition trends

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.

$20 Billion Mariner Wealth Ramps Up Acquisitions

Mariner Wealth’s biggest concentration of advisors comes in New York, New Jersey and Wisconsin.

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.

Wealth management profits jump 30.5% at U.S. Bank

Profits from the businesses were even more robust, climbing 30.5% to $124 million from $95 million in the same quarter a year ago.

As Morgan Stanley hits wealth records, analysts ask how long it can last

Its pre-tax profit margin of 25 percent came in at the top of Chief Executive Officer James Gorman's targeted range of 23 percent to 25 percent by the end of this year.

LPL Financial and Integrated Financial Group Welcome Strong Gaddy Lee Wealth Management

Strong Gaddy Lee Wealth Management reported that, based on prior business*, its advisors served approximately $351 million of client brokerage and advisory assets, as of June 1.

Bank acquires wealth management firm

The transaction allows West Shore Bank to expand its wealth management services footprint to Kent, Ottawa and Muskegon counties.

Wealth and Asset Management