01/18/2018
TD Ameritrade Institutional unveils new platform to streamline investment management
The models presently available on the platform include ETFs and mutual funds.
Wealth and Asset Management
01/17/2018
The High Costs of Low-Fee Investments
These “hidden costs” include things like oversimplifications of risk preferences and a misalignment with investor profiles
01/17/2018
Bank of the West Wealth Management have been recognized by two prominent annual industry awards
Named Best Bank for Entrepreneurs in Professional Wealth Management/The Banker Global Private Banking Awards
01/16/2018
Wells Fargo wealth unit profit rises to $659m in Q4
The division’s client assets at the end of 31 December 2017 totalled $1.9 trillion, a jump of 11% compared to the end of December 2016.
01/16/2018
Massey family fortune aligns with Norfolk wealth management firm
The transition takes some of the load of managing the undisclosed sum off the shoulders of Massey, who said he’s been running his side of the family’s finances since his father died in 1994
01/16/2018
Citigroup reports $18.3-billion loss on tax charges
This charge is comprised of $19 billion related to the re-measurement of Citi's deferred tax assets arising from a lower U.S. corporate tax rate and shift to a territorial tax regime
01/16/2018
The 10 biggest charitable donations of 2017: who was the most generous with their cash?
The 10 biggest gifts in 2017 totaled $10.2bn, more than double the amount in 2016, when the figure was around the $4.3bn mark.
01/16/2018
JPMorgan wealth unit net income rises 12% in Q4
2017 was a record year on many measures for JPMorgan Chase as we added clients and customers and delivered record EPS
01/15/2018
Most Single-Family Offices Outsource To Elite Wealth Planners
Senior management at single-family offices is generally tasked with addressing a variety of financial and personal needs and wants of an ultra-wealthy family.
01/11/2018
Merrill Lynch Wealth Management Adds Texting Feature for Financial Advisors
The texting works on both Apple and Android devices as well as web interface.
01/11/2018
Northern Trust to buy software development resources from Citadel
Northern Trust will continue to provide middle office and fund administration services for Citadel’s funds.
01/10/2018
Demand for Exotic and Vintage Automobiles Continues to Rise; Driven by Financing Arrangements That "Put Dreams in Driveways"
Over that 5-year period, Ferraris, Porsches, McLarens, Aston Martins and Lamborghinis have continued as the most popular marques in the PFS portfolio of leased vehicles
01/10/2018
Segall Bryant & Hamill Acquires Smaller Lookalike, Creating $20-Billion Giant
Denver Investments, which was founded in 1958, manages $7.2 billion in domestic and international equity, and core, long duration, and high-yield fixed income for institutions and wealth management clients.
01/09/2018
Mphasis launches blockchain led platform for wealth managers
IT firm Mphasis has launched a new blockchain-enabled digital solution for the wealth management industry in collaboration with Loyakk, a blockchain platform provider.
01/09/2018
Mercer Advisors Acquires Hartford-based Pinnacle Investment Management
The firm has previously been named to Worth Magazine's list of Top Financial Advisors and Bloomberg Wealth Manager's list of Top Wealth Managers.
01/09/2018
Raymond James Forms Tampa Bay Complex for Employee Reps
The effort will be led by Doug Brigman and serve about 100 financial advisors in the area
01/09/2018
Only These Few Top Banks Are Luring HNW Clients
What to do if you’re a 95-year-old billionaire and you live in a country with inheritance taxes as high as 65 percent?
01/04/2018
Atlanta Firm Crosses $5B AUM Mark With Merger
Compass is a fee-only wealth management firm with $240 million in assets under management.
01/04/2018
Strategic Wealth Partners Expands Reach
Chicago Area Wealth Management Firm Expands Footprint into Milwaukee Market
01/04/2018
Blue Duck’s New Portal Capitalizes on Advisors’ Move to Wealth Management
RIA firms that specialize in wealth management are offering platforms to their advisors that support networking, training and connections