Managers of Wealth Americas

Wells Fargo to Boost Broker Sign-On Bonuses as Rivals Cut Back

The firm plans to offer competitive pay as its focuses on attracting more high-net worth clients.

RBC Wealth Management net income up 12%

Wealth Management net income of $431 million was up $45 million or 12% from a year ago, mainly due to increased earnings resulting from growth in average fee-based client assets which benefited from favourable equity markets, and higher net interest incom

With $25 million in funding, Prumentum Group is building a “hybrid robo” wealth manager

Over the last 18 months, the team behind Prumentum has been working on a dual-track strategy to provide a mix of technology and human advice

How to Attract and Retain High Net Worth Clients

Differentiate yourself by customizing your services and focusing on holistic family planning, not just investments.

Why JP Morgan AM is asset manager of the year

Our biggest award of the year went to JP Morgan Asset Management. It combined a robust ongoing business with definite strides in client engagement and product evolution.

International advisory firm closes Miami office

This relocation is part of a strategic expansion that will allow us to take on more financial advisers

Bank of Montreal earnings rise on wealth management strength

U.S. loan and deposit growth had moderated

UBS Throws Hat Into Luxe Credit Card Rewards Game

The card also allows for the redemption of 25,000 points for an airline ticket

BNY Mellon Announces Partnership with CFA Institute to Develop Collaborative Research on Social Investing, Diversity and Inclusion

For BNY Mellon, one benefit of the partnership is an increased focus on continuing professional education opportunities aligned with its business strategy.

Raymond James Financial Reports April 2017 Operating Data

The growth over last year’s April was largely attributable to higher balances of Private Client Group assets in fee-based accounts.

Merrill’s Recruitment Halt a Boon for RBC and Others

RBC has been more aggressive pursuing experienced advisors with substantial bonuses than other firms, except for the wirehouses, according to Diamond.

UBS Agrees to Buy Brazil's Largest Multi-Family Office

UBS’s assets under management in Brazil increased 31 percent to about 8 billion reais in the first quarter from the previous three months.

Raymond James Nabs $275 Million Wells Fargo Team

Wells Fargo Advisors has been shedding brokers in recent months, following last year’s revelations that branch employees in the retail banking arm of the company opened as many as two million fake deposit and credit accounts to keep pace with quotas

Regional brokerage Wunderlich sold for $67M

In addition to significantly enhancing our wealth management business.

Brookfield Asset Management Announces Renewal of Normal Course Issuer Bid

Brookfield will pay the market price at the time of acquisition for any Class A Shares purchased.

Julius Baer eyes minority stake in Argentina's TPCG

The proposed agreement Baer would have the option to buy a bigger stake over time.

Manulife Asset Management awarded US$2.9 billion in fixed income mandates in 2017's first quarter

The firm's Core Plus team believes that strong relative performance may be generated through bottom-up active management of sector allocation and issue selection

Old Mutual Asset Management prices share offering

OMAM launched a public offering of 13m shares back in December.

INVEST Gains Three Bank Wealth Management Offices

The transition of the bank wealth management offices is driven in part by an improved national business environment

Billionaire Steve Cohen hired 2 investors from the CIA's secretive VC fund for a new Palo Alto office

He has hired two people who invested on behalf of the CIA.

Wealth and Asset Management