Managers of Wealth Americas

UK banks lead global rivals in passing on interest rate benefits to savers

The rapid interest rate hikes by central bankers over the past 18 months to combat the threat of inflation have been a boon for banks

Morgan Stanley IM merges away $529m Global HY bond fund

The new strategy will assume the structure of the existing sustainable approach, Citywire Selector has learned.

CI Financial Reports Total Assets of $398.9 Billion for June 2023

All financial amounts in Canadian dollars unless stated otherwise.

Petershill Partners partner assets under management rise in first half

The company had inflows of USD14.0 billion in its second quarter, and fee-paying inflows of USD1.0 billion in the same period.

Illumen Capital Releases Annual Impact Report On Impact Of Racial and Gender Bias Training in Asset Management

Report findings reveal that, despite increased industry attention to DEI, investors continue to seek guidance on making effective and lasting change

Bain Capital Closes Inaugural Insurance Fund at $1.15 Billion

Bain Capital employees committed the balance of the fund, continuing the firm’s heritage of being the largest investor collectively across its funds.

Edward Jones Moves More Advisors to Teams

Edward Jones advisors not only have the option to share offices, but they can now share clients.

CIBC Asset Management announces CIBC ETF cash distributions for July 2023

Unitholders of record on July 31, 2023, will receive cash distributions payable on August 3, 2023.

Allfunds unveils the Private Partners programme

In addition to its innovative technological roadmap, Allfunds is proud to unveil the Allfunds Private Partners (APP) programme.

Schwab's profit drops less than expected on asset management strength

Schwab has had to turn to supplementary funding sources to counter this churn.

Waverly Advisors Acquires Gwynn Management Company

Waverly continues intentional growth in the Atlanta market

TD Bank Group Comments on Expected Impact of the Charles Schwab Corporation's Second Quarter Earnings

TD Bank Group will release its third quarter financial results and host an earnings conference call on August 24, 2023.

DARAG concludes two North American captive transactions

These transactions, alongside the many others we have had in North America, demonstrate the growing demand for the solutions DARAG offers in the region.

SPG Strengthens Wealth Management Offering with Acquisition of Assets of AgencyONE

By acquiring AgencyONE's operations, SPG builds upon its acquisition of the assets of Brokers' Service Marketing Group II LLC, now operating as a division of SPG (BSMG) and expands its life and annuity distribution network.

TD Asset Management Inc. announces reductions to management fees, changes to fund names and risk ratings for certain TD Mutual Funds

The following changes will be reflected in the TD Mutual Funds Simplified Prospectus and Fund Facts that will be filed on or about July 27, 2023.

Marietta Wealth Management Demonstrates Confidence in Market with Increased Stake in Invesco BulletShares 2029 Corporate Bond ETF

The company recognized an opportune moment to bolster its position in BSCT, leading to it acquiring an additional 17,216 shares during the quarter.

BNY Mellon Invests in LiquidityDirect, Outsourcing Trading

Over the past 18 months BNY Mellon has developed new products and services that meet a range of investment guidelines and risk appetites, both on and off balance sheet, to meet that need.

Seven Takeaways from Preqin’s Guide to the U.S. Real Estate Investment Universe in 2023

In spite of recent market volatility, the firm concluded asset managers’ activity in the U.S. real estate market remained stable.

Gen II Fund Services Initiates Major European Expansion with Acquisition of Crestbridge’s Private Equity and Real Estate Fund Administration Business

Acquisition Will Expand Gen II’s Private Capital Servicing Capabilities in Key European Jurisdictions and Increase Assets Under Administration to More Than $1 Trillion.

SS&C's Retirement Income Middleware Platform Reaches $1 Billion AUM

SS&C Retirement Income Clearing & Calculation (RICC) Platform now services more than 4,000 retirement plans

Alternative Investments