04/20/2023
Morgan Stanley's dealmaking CEO Gorman signals more purchases to come
Gorman has transformed the Wall Street powerhouse into a more diversified firm that is less reliant on its traditional strengths
Wealth and Asset Management
04/19/2023
Atria Wealth Solutions Announces Acquisition of Independent Wealth Management Firm Grove Point Financial
Purchase of Grove Point Financial brings 400 independent financial professionals with approximately $15 billion of assets under administration to fast-growing Atria Wealth Solutions. Grove Point will maintain its existing clearing and custody relationship
04/19/2023
UBS Advisors Drew Freides and Michael Kanigher Named to the America’s Top Wealth Advisors and Best-In-State Wealth Advisors Lists by Forbes
Drew and Michael are founding members of Mainsail Wealth Partners, one of the largest advisor teams at UBS.
04/18/2023
Michael S. Schwartz, CFP, AEP Receives Forbes' Best-in-State Wealth Awards 2023 Recognition
Those advisors that are considered for the ranking have a minimum of seven years' experience, and the algorithm weighs factors like revenue trends, assets under management, compliance records and industry experience.
04/18/2023
Treasury Partners Founder Richard Saperstein Named to the Barron’s Top 100 Financial Advisors List
Earlier this year, Mr. Saperstein ranked #2 in New York State on the 2023 Barron’s Top 1200 Financial Advisors list.
04/18/2023
Beacon Pointe Enters NY with $1B YorkBridge Wealth Partners Acquisition
Beacon Pointe Advisors closes its largest acquisition of year in New York City and Bridgehampton, N.Y.
04/18/2023
Subdued volatility masks ongoing uncertainty
The drop in market volatility suggests that investors only envisage a narrow range of outcomes for the economy.
04/18/2023
C&N Wealth Management Joins Institution Services Platform of LPL Financial
“LPL’s strength in the market, industry-leading technology, and exceptional advisor support make it the right partner as we broaden our footprint, build the Wealth Management Team and prepare for emerging opportunities.
04/17/2023
For These Morgan Stanley Advisors, Having a Big Team Is a Must
Along with partners Mary Guza and Diana L. Chaney, Ricca explains how their group’s structure benefits both clients and younger colleagues, and what investors should look for in an advisor.
04/17/2023
UBS-CS Deal Gets Fed Seal of Approval in the US
After one year, UBS must have only one US intermediate holding company or receive additional approval for an alternative organizational structure.
04/14/2023
Top US-Based Bank Selects Temenos for Core Banking Modernization in the Cloud
Regions Bank adopting the Temenos Banking Cloud to modernize deposit system and elevate the customer experience
04/14/2023
Northern Trust Adds Mobile Access to Front Office Solutions Platform
The new mobile application provides a user-friendly interface, intuitive navigation, and robust filtering options to help clients stay organized and informed while on the go.
04/14/2023
RBC Global Asset Management Inc. announces changes to RBC ETFs and the maturity date of RBC Target 2023 Corporate Bond Index ETF
In addition, RBC GAM Inc. also announced a change to the unitholder right to redeem for cash for all RBC ETFs and ETF Series of RBC Funds.
04/14/2023
FOMC minutes reflect banking system uncertainty
As is usually the case, we did not find anything too surprising in the minutes, but they still provide useful details on the conversations that took place at the meeting.
04/13/2023
Morningstar Sustainalytics Launches its Low Carbon Transition Ratings
Investors can respond to regulatory initiatives and manage material climate-related risks with access to in-depth insights into a company’s preparedness to transition to a low-carbon economy
04/13/2023
Fixed income: Carry conscious
The difficulty with the current assessment is that when we look at historical 10-year yield trends moving closer to the Fed’s terminal rate dating back to the early 1980s
04/12/2023
LPL Financial Welcomes C&N Wealth Management to Its Institution Services Platform
C&N opened its first location in Wellsboro, Pa., during the height of the American Civil War.
04/11/2023
Seventeen UBS Advisor Teams in Southern California and Hawaii Named to the Forbes Best-in-State Wealth Management Teams List
The ranking, developed by SHOOK Research, is based on an algorithm of qualitative and quantitative data, including telephone, virtual and in-person due diligence interviews, revenue trends, assets under management and compliance records.
04/11/2023
Macquarie Asset Management and Magma Equities acquire Dallas area 285-unit multi-family investment
DFW is one of the fastest growing metro areas in the US due to the combination of its strong job and population growth, business friendly nature and affordability.
04/11/2023
RBC Snags $1B Team From Troubled First Republic Bank
The Todd Halbrook and Adam MacDonald Management Group in Newport Beach, Calif. is departing First Republic a little more than a month after some regional banks collapsed.