Managers of Wealth Americas

JPMorgan rules out more special pay awards for CEO Jamie Dimon

Longest-serving boss of Wall Street bank earned $34.5mn for 2022

UBS ‘Bucking the Trend’ in Wealth, Asset Mgmt Hiring, CEO Says

Ralph Hamers told Bloomberg that the company is “not in retrenchment mode.”

Wells Fargo stems steep advisor losses after a massive outflow

The slight reversal of a years-long trend toward shrinking headcounts highlighted a very profitable year for the company's wealth arm, which is benefiting from rising interest rates.

Morgan Stanley investment banking slump overshadows wealth management growth

Despite reductions in revenues overall, the bank also reported positive earnings in fixed income, with revenues up 15% to $1.4 billion in Q4 compared with 2021.

Old National Bank launches wealth management business 1834

Carving out our wealth business in this manner ensures we maintain a laser focus on these clients

17 J.P. Morgan Teams Selected for Forbes Best-in-State Wealth Management Teams Ranking

The ranking was compiled by SHOOK Research.

Zoe Financial Announces Its New Innovative Wealth Platform

The Zoe Wealth Platform enables clients to gain a greater understanding and control over their wealth

Bellevue Asset Management launches debut private equity secondaries fund

The fund has a global remit and is primarily active in the US and Europe. Its target return is comparable to primary buyout funds, but the margins of safety are significantly higher.

Cutting Through the Tactical Noise

European and Japanese equities lacked the lustre – or so the investors felt – and were often considered as old, ageing economies.

JPMorgan Chase registers 6% rise in Q4 profit

In the fourth quarter of 2022, the company’s AWM unit reported net income of $1.1bn, up 1% compared to the year ago period.

Bank of America, Wells Fargo, Citi, J.P. Morgan Add Advisors as Assets Fall

Although client assets declined in general—the not-surprising result of the market’s slump in 2022—other metrics were positive.

RBC Global Asset Management Inc. announces December sales results for RBC Funds, PH&N Funds and BlueBay Funds

Mutual fund sales results information is based on preliminary data from the Investment Funds Institute of Canada (IFIC) and only include Canadian prospectus qualified mutual funds.

Goldman Sachs' investment team bullish on equities

The bank's wealth management team expect the benchmark S&P 500 to end 2023 at between 4,200 and 4,300 points, up to 12% higher than its 2022 year-end level

Credit Suisse Deal With Michael Klein Raises «Serious Issues»

Credit Suisse is on the verge of acquiring the company of ex-investment banker Michael Klein.

Forbes Ranks 13 William Blair Wealth Management Teams Best in State

Forbes Best-in-State Wealth Management Teams rankings draw on interviews and data provided by top-performing advisor teams nationwide, including each team’s best practices, client retention, industry experience, compliance records, and assets under

Public pension plans tilt toward alternatives

The move toward alternatives picked up pace in the aftermath of the 2008–09 Global Financial Crisis, which saw extreme market volatility.

How Brian Stein, A Private Wealth Manager, Assists Clients in Navigating the Spectrum of Liquidity

With his triad of knowledge in real estate, accounting, and finance, Brian stands out from most financial advisors.

Wealth managers most bullish on bonds since 2009

‘There is hope that 2023 will be a better year for investors’

Goldman Sachs Asset Management allocates $15.2bn for PE-backed junior debt investments

The Goldman Sachs unit has already invested about $4bn across 13 companies from the new fund

Citigroup to launch search for new wealth management chief

Incumbent Jim O'Donnell will become a vice chairman of the bank and the head of senior client engagement, Chief Executive Officer Jane Fraser wrote in the memo.

Wealth and Asset Management