08/18/2022
Brookfield Asset Management (BAM) to Spin Off its Asset Management Business
It increased the investments in companies that it believes will generate long-term substantial wealth creation.
Wealth and Asset Management
08/18/2022
Spartan Wealth Management Merges with 360° Wealth Management Group – UBS Financial Services
Anthony Mona Named Spartan Wealth Management President
08/18/2022
Charitable Gift Activity Nearing Pre-Pandemic Levels According to BNY Mellon Wealth Management 2022 Annual Charitable Gift Report
Charitable gift activity overall returned to historical, pre-pandemic trends as many nonprofits found ways to pivot and discover new approaches to build support for their missions and connect with donors.
08/18/2022
Raymond James Selects FactSet as the Market Data Provider for U.S. Financial Advisors
FactSet solutions deployed to over 7,500 Raymond James wealth management professionals across the United States.
08/17/2022
Fleming’s Rockefeller Aims to Double Number of Adviser Teams
The New York-based wealth firm has boosted assets under management fivefold since 2018 to $90 billion.
08/16/2022
That was fast
A week ago the market looked ripe for further melt-up if better-than-expected inflation fueled the Goldilocks narrative.
08/16/2022
Advisors With $6 Billion Exit Wells, BofA to Open Independent Wealth Firm
They’re the latest wealth managers to leave one of the big banks and go independent, a career route that is increasingly popular with many financial advisors.
08/16/2022
Fidelis Capital Launched by Private Banking Executives formerly with Wells Fargo and Bank of America
The new wealth management firm, created by former rivals, whose members previously managed $6 billion in client assets, will offer an improved private banking experience, provided by teams of highly experienced specialists.
08/16/2022
Family Offices Are Thinking Virtually
Family offices allow them to do that beyond the eyes of regulators and those who may wish to do them harm.
08/15/2022
Largest Asset Manager In The World Launches Bitcoin Private Trust
BlackRock highlighted its commitment to offering its clientele a variety of choices in its investment portfolio.
08/15/2022
Marble Wealth Joins Sanctuary Wealth as First Partner Firm in Alabama
Next-gen partnership with close to $800 million AUM is Sanctuary's third this year from UBS
08/15/2022
Fidelis Capital Launched by Private Banking Executives formerly with Wells Fargo and Bank of America
The new wealth management firm, created by former rivals, whose members previously managed $6 billion in client assets, will offer an improved private banking experience, provided by teams of highly experienced specialists.
08/12/2022
Freedom Wealth Alliance Continues growth stride with latest partnership, Wealth Management Solutions, LLC
New affiliation adds over $120 million in assets under management to firm.
08/12/2022
Credent Wealth Management merges with Personal Wealth Partners
Credent Wealth Management CEO David Hefty emphasized the alignment he saw in the shared principles and values of the two companies, which have both successfully served a variety of clients with diverse needs and levels of wealth.
08/12/2022
JPMorgan backs central America in Latam wealth management drive
The US bank has reorganized its Latam wealth management business to focus on faster growing countries, but home bias remains a tough instinct to overcome.
08/12/2022
MAI Adds Ohio-Based Wealth Mgmt Firm
The latest acquisition is Pareto Wealth Management.
08/11/2022
Manulife reports 2Q22 net income
"We delivered solid results, including core earnings of $1.6 billion, despite challenges posed by the macro environment, including the impact of market headwinds in Global WAM and extended COVID-19 restrictions in Asia,"
08/11/2022
J.P. Morgan Completes Acquisition of Global Shares
Companies and employees will benefit from Global Shares' share plan services, as well as J.P. Morgan's comprehensive suite of wealth management, executive financial services and other banking products and services.
08/10/2022
Syracuse, NY based fee-only wealth management firm named top 50 fastest growing firms in the United States
In this study, SmartAsset identifies the fastest-growing firms in the United States.
08/10/2022
No pain, no gain?
What comes next though is more ambiguous, but it’s unlikely to be as simple as good news is bad news, as investors deal with a Fed pivot pushed further into the future and conflicting signals on the US economy.