Managers of Wealth Americas

Wealth Adviser Daily Briefing: Startups Shake Up 401s, UBS Wealth Unit Weathers Investor Slowdown

Curated news and analysis for wealth advisers and their clients from WSJ reporters and columnists and beyond

UBS America's Wealth Unit Profits Up 18%

The company attributes the increase in profit at Wealth Management Americas’ division to lower operating expenses and record net interest.

Savant Capital Management Ranked Among Top Industry Leaders

Annually, Financial Advisor magazine ranks the top RIA firms across the United States based on a survey of the firms’ discretionary AUM.

Lazard’s Earnings, Revenue Slide Amid Rocky Markets

Advisory, asset-management businesses sag in latest quarter

Partners RHB-AM And Neuberger Berman Launch New PE fund

Touting the fund as the first of its kind in Asia, Eliza Ong, managing director and regional head at RHB-AM, says the partnership leverages on Neuberger Berman’s platform and PE strategies.

How rich is rich enough to get the attention of big US brokerages?

Industry sources say that figure was closer to $250,000 before the financial crisis.

Some high-net-worth Canadians choose to take on mortgages

The Investor Group survey, which looked at how high-net-worth Canadians are using their mortgages.

Point72’s Cohen Bets $250 Million on Crowd-Sourced Quantopian

Cohen’s bet on the Boston-based firm is the first major commitment of funds for Quantopian to manage using its members’ algorithms, the company said Wednesday in a statement.

BNY Mellon Named Gold Medal Sponsor of USRowing

This sponsorship represents an extension of BNY Mellon's long-term commitment to the sport of rowing, both in the U.S and abroad.

J.P. Morgan Wealth Management Executive Di Iorio to Retire

The bank didn’t immediately name a successor to the role in a memo sent Monday afternoon by asset management chief Mary Callahan Erdoes to bank employees.

Boston Private Wealth sees first increase in assets in a year

The unit had watched its assets under management shrink for four consecutive quarters.

Private Client Resources & Chicago Clearing Corporation Announce New Partnership

Most financial advisors rely on notice mailings or hard-to-track industry communications just to stay informed of existing class action settlements.

Morgan Stanley’s Cross-Selling Rescues Wealth Unit

Net revenues in the bank’s wealth division slipped to $3.8 billion in the second quarter this year, compared to $3.9 billion a year ago, according to the report.

Northern Trust Announces Increased Quarterly Dividend

We are pleased to announce a dividend increase, which demonstrates the continued strength of Northern Trust’s capital position

RBC Wealth Adds Two Teams From Rivals

Meanwhile, Cetera, Deutsche Bank & Snowden Lane say they have picked up new advisors, as well

Ernst & Young Veteran Joins Fieldpoint Private

He led Ernst & Young's family office practice in Moscow, Russia, as well as serving several years working with a boutique merchant bank in the Middle East.

Four Emerging HNWI Expectations Wealth Managers Must Meet

The results uncovered clear calls to action for wealth managers around four key themes: information delivery, compliance, social responsibility, and innovation.

Bank of America wealth management loses small brokers

The last installment of those bonuses was paid out in the fourth quarter of last year.

Gluskin Sheff Associates Inc. Announces June 30, 2016 Assets Under Management and Performance Fees

Actual outcomes and results may differ materially from those expressed in these forward-looking statements.

BofA Bond-Trading Beats Estimates as Four Main Units Post Gains

The average estimate of analysts surveyed by Bloomberg was 33 cents.

Wealth and Asset Management