Managers of Wealth - Americas http://americas.managersofwealth.com/ Sun, 13 Oct 2024 21:44:55 BST part of MediaG8way Group http://americas.managersofwealth.com/ http://americas.managersofwealth.com/assets/images/logo.png Managers of Wealth - Americas KohanaPHP Citi and Mastercard Join Forces to Transform Global Cross-Border Payments News Team Friday, October 11, 2024 1:00 am http://americas.managersofwealth.com/article/62017/citi-and-mastercard-join-forces-to-transform-global-cross-border-payments Citi is the first global bank to enable cross-border payments to Mastercard debit cards Wealth and Asset Management Fairway Wealth Management Named to Forbes 2024 Top RIA Firms List News Team Friday, October 11, 2024 1:00 am http://americas.managersofwealth.com/article/62019/fairway-wealth-management-named-to-forbes-2024-top-ria-firms-list The annual Forbes/SHOOK Top RIA list highlights the top 250 advisory firms that have a proven history in managing and preserving client wealth long-term. Wealth and Asset Management Envestnet accelerates product enhancements and builds out distribution capabilities News Team Friday, October 11, 2024 1:00 am http://americas.managersofwealth.com/article/62020/envestnet-accelerates-product-enhancements-and-builds-out-distribution-capabilities More than two-thirds of investable assets are now tied to HNW and UHNW investors. Wealth and Asset Management Five UBS Financial Advisors in the Pacific Desert Market Recognized by Forbes as Top Next-Gen Advisors News Team Friday, October 11, 2024 1:00 am http://americas.managersofwealth.com/article/62021/five-ubs-financial-advisors-in-the-pacific-desert-market-recognized-by-forbes-as-top-next-gen-advisors Of the five, Phoenix based advisor Stockton Schultz also ranked 34th nationally on the Forbes America's Top Next-Gen Wealth Advisors list. Wealth and Asset Management Wealth managers weigh election strategies as vote approaches News Aggregation Team Friday, October 11, 2024 1:00 am http://americas.managersofwealth.com/article/62022/wealth-managers-weigh-election-strategies-as-vote-approaches Financial advisors are not immune to the upcoming election. Wealth and Asset Management The convergence of health, wealth and longevity services News Team Friday, October 11, 2024 1:00 am http://americas.managersofwealth.com/article/62023/the-convergence-of-health-wealth-and-longevity-services The convergence of health, wealth and longevity services Wealth and Asset Management The critical role of empathy in client relationships News Team Friday, October 11, 2024 1:00 am http://americas.managersofwealth.com/article/62024/the-critical-role-of-empathy-in-client-relationships A culture of empathy also extends to employees. Wealth and Asset Management JPMorgan net income falls as bank sets aside more money to cover potential bad loans News Aggregation Team Friday, October 11, 2024 1:00 am http://americas.managersofwealth.com/article/62027/jpmorgan-net-income-falls-as-bank-sets-aside-more-money-to-cover-potential-bad-loans JPMorgan CEO Jamie Dimon said the bank continues to monitor geopolitical tensions that he called “treacherous and getting worse.” Wealth and Asset Management StepStone Private Wealth Surpasses $5 Billion in AUM Milestone News Team Thursday, October 10, 2024 1:00 am http://americas.managersofwealth.com/article/62006/stepstone-private-wealth-surpasses-5-billion-in-aum-milestone Powered by StepStone Group, one of the largest global institutional allocators to the private markets, SPW was founded in 2019 to expand access to these assets for the private wealth market. Wealth and Asset Management Williams Jones Wealth Management Named to Forbes 2024 America's Top RIA Firms List News Team Thursday, October 10, 2024 1:00 am http://americas.managersofwealth.com/article/62012/williams-jones-wealth-management-named-to-forbes-2024-americaamp039s-top-ria-firms-list Forbes rankings are based on in-person, virtual and telephone due diligence meetings and a ranking algorithm Wealth and Asset Management Audax Private Debt Hires John Wierzba to Lead Wealth Effort News Team Friday, October 11, 2024 1:00 am http://americas.managersofwealth.com/article/62025/audax-private-debt-hires-john-wierzba-to-lead-wealth-effort Wierzba will be a member of Audax Private Debt’s Investor Relations team and play an integral role in building out the firm’s presence in the wealth channel. People Moves Blackstone veteran to chair new insurance/asset manager venture News Aggregation Team Friday, October 11, 2024 1:00 am http://americas.managersofwealth.com/article/62033/blackstone-veteran-to-chair-new-insuranceasset-manager-venture The two companies will co-exist under the Westaim brand, with Chu chairing the board. People Moves State Street Expands Strategic Growth in Mexico as Part of Latin America Commitment News Team Friday, October 11, 2024 1:00 am http://americas.managersofwealth.com/article/62034/state-street-expands-strategic-growth-in-mexico-as-part-of-latin-america-commitment Maria Ximena Vasquez Barbosa appointed as country head of State Street’s strategic expansion in Mexico; builds on the firm’s ongoing expansion in Latin America People Moves Northern Trust Asset Management Strengthens Private Wealth Sales and Distribution News Team Thursday, October 10, 2024 1:00 am http://americas.managersofwealth.com/article/62005/northern-trust-asset-management-strengthens-private-wealth-sales-and-distribution Michael Gottesman and Wesley Urick Join NTAM’s Wealth Client Group with Nearly Six Decades of Combined Industry Experience People Moves Michael Kaumeyer Joins Nicola Wealth to Drive Ultra-High-Net-Worth Business News Team Thursday, October 10, 2024 1:00 am http://americas.managersofwealth.com/article/62008/michael-kaumeyer-joins-nicola-wealth-to-drive-ultra-high-net-worth-business Recognizing the opportunity to expand in the UHNW space, Michael’s new role reflects Nicola Wealth’s commitment to this market segment. People Moves J.P. Morgan Asset Management Hires Justin Heller to Join Net Lease Strategy for Real Estate Americas News Team Thursday, October 10, 2024 1:00 am http://americas.managersofwealth.com/article/62009/jp-morgan-asset-management-hires-justin-heller-to-join-net-lease-strategy-for-real-estate-americas Heller brings his expertise from TPG Angelo Gordon to expand platform People Moves Aztec Group appoints two new leaders for its U.S. operations News Team Wednesday, October 09, 2024 1:00 am http://americas.managersofwealth.com/article/61995/aztec-group-appoints-two-new-leaders-for-its-us-operations He has extensive expertise in investor relations, anti-money laundering, compliance, and business development. People Moves Savant reorganizes exec team, promotes new wealth head News Aggregation Team Wednesday, October 09, 2024 1:00 am http://americas.managersofwealth.com/article/61996/savant-reorganizes-exec-team-promotes-new-wealth-head Kevin Hrdlicka has become Savant's head of wealth, filling the shoes of former chief advisory officer Chris Walters, who departed the firm earlier this year. People Moves Michael Kaumeyer Joins Nicola Wealth to Drive Ultra-High-Net-Worth Business News Team Wednesday, October 09, 2024 1:00 am http://americas.managersofwealth.com/article/61997/michael-kaumeyer-joins-nicola-wealth-to-drive-ultra-high-net-worth-business His leadership will help the firm grow while assisting clients in building meaningful legacies for themselves and their communities. People Moves Finra board chair Noll takes the lead as CEO of digital wealth firm News Aggregation Team Wednesday, October 09, 2024 1:00 am http://americas.managersofwealth.com/article/61999/finra-board-chair-noll-takes-the-lead-as-ceo-of-digital-wealth-firm Industry veteran says digital transformation is firm's big opportunity. People Moves Elon Musk’s X pays US$5.2 million in Brazil fines to wrong bank account News Aggregation Team Monday, October 07, 2024 1:00 am http://americas.managersofwealth.com/article/61973/elon-muskamprsquos-x-pays-us52-million-in-brazil-fines-to-wrong-bank-account The payment was made to settle a dispute with a Brazilian judge who banned the platform in August Legal, Regulation & Compliance Cooley Bolsters Antitrust and Competition Practice With Hire in Washington, DC News Team Wednesday, October 02, 2024 1:00 am http://americas.managersofwealth.com/article/61933/cooley-bolsters-antitrust-and-competition-practice-with-hire-in-washington-dc Morrison advises clients on antitrust compliance, investigations, and mergers and acquisitions review before federal and state agencies. Legal, Regulation & Compliance Holland & Knight Represents Nomura on a Private Placement of the Colombian Peso Equivalent of $50 Million for Payroll Lending in Colombia News Team Tuesday, October 01, 2024 1:00 am http://americas.managersofwealth.com/article/61918/holland-ampamp-knight-represents-nomura-on-a-private-placement-of-the-colombian-peso-equivalent-of-50-million-for-payroll-lending-in-colombia Borrowers receive these loans – known as libranzas – through their employers and make repayments via payroll deductions. Legal, Regulation & Compliance The Fed's soft landing remains 'intact': Strategist News Aggregation Team Friday, September 27, 2024 1:00 am http://americas.managersofwealth.com/article/61902/the-fedamp039s-soft-landing-remains-amp039intactamp039-strategist He notes that the market is also showing confidence in a soft landing Legal, Regulation & Compliance Federal Reserve issues FOMC statement News Team Friday, September 20, 2024 1:00 am http://americas.managersofwealth.com/article/61825/federal-reserve-issues-fomc-statement The economic outlook is uncertain, and the Committee is attentive to the risks to both sides of its dual mandate. Legal, Regulation & Compliance Macquarie Asset Management statement on SEC settlement News Team Friday, September 20, 2024 1:00 am http://americas.managersofwealth.com/article/61835/macquarie-asset-management-statement-on-sec-settlement The ARMBS Strategy was primarily invested in fixed income securities. Legal, Regulation & Compliance The first cut is the steepest: the Fed, market expectations and the dollar News Team Thursday, September 19, 2024 1:00 am http://americas.managersofwealth.com/article/61817/the-first-cut-is-the-steepest-the-fed-market-expectations-and-the-dollar The Federal Reserve has made its first interest rate cut since the pandemic, reducing rates by 50 basis points (bps). Legal, Regulation & Compliance B.C. regulator fines offshore crypto trading platform $500K, bans it from financial markets News Aggregation Team Thursday, September 19, 2024 1:00 am http://americas.managersofwealth.com/article/61818/bc-regulator-fines-offshore-crypto-trading-platform-500k-bans-it-from-financial-markets A panel of the B.C. Securities Commission imposed the sanctions on LiquiTrade Ltd. Legal, Regulation & Compliance 'Rather poor' communication by the Fed blamed for creating doubt in the market about rate-cut path News Aggregation Team Monday, September 16, 2024 1:00 am http://americas.managersofwealth.com/article/61779/amp039rather-pooramp039-communication-by-the-fed-blamed-for-creating-doubt-in-the-market-about-rate-cut-path "The Fed went out of its way to put a half-point cut back on the table," said Lou Crandall, chief economist at Wrightson ICAP. Legal, Regulation & Compliance A year after reorg, progress at Citi comes in ‘fits and starts’ News Aggregation Team Friday, September 13, 2024 1:00 am http://americas.managersofwealth.com/article/61767/a-year-after-reorg-progress-at-citi-comes-in-amplsquofits-and-startsamprsquo New penalties gave the bank focal points for its tech overhaul. Legal, Regulation & Compliance Americas Executions Leverages Broadridge Technology to Support New Securities Lending Business News Team Friday, October 11, 2024 1:00 am http://americas.managersofwealth.com/article/62018/americas-executions-leverages-broadridge-technology-to-support-new-securities-lending-business The SFCM platform offers a comprehensive, front-to-back SaaS solution for securities finance, widely used across global buy- and sell-side markets, including securities lending, repo and collateral trading. FinTech EP Wealth Advisors Partners with Opto Investments to Drive Tech-Enabled Private Markets Investing News Team Friday, October 11, 2024 1:00 am http://americas.managersofwealth.com/article/62030/ep-wealth-advisors-partners-with-opto-investments-to-drive-tech-enabled-private-markets-investing Leading fee-only RIA partners with private markets platform to enhance advisors' ability to offer institutional type portfolios at scale, further strengthening its competitive advantage FinTech BlackRock Introduces eFront Provider News Team Friday, October 11, 2024 1:00 am http://americas.managersofwealth.com/article/62031/blackrock-introduces-efront-provider Global financial service provider Apex Group onboarded as first asset servicing client. FinTech Ripple launches crypto storage services for banks in bid to diversify News Aggregation Team Thursday, October 10, 2024 1:00 am http://americas.managersofwealth.com/article/62011/ripple-launches-crypto-storage-services-for-banks-in-bid-to-diversify The move will help Ripple, which is primarily known for the XRP cryptocurrency and its Ripple Payments platform, to diversify beyond its core payment settlement business. FinTech DOJ’s Google breakup remedy puts tech world on notice News Aggregation Team Wednesday, October 09, 2024 1:00 am http://americas.managersofwealth.com/article/62002/dojamprsquos-google-breakup-remedy-puts-tech-world-on-notice Google in a blog post said that "DOJ’s radical and sweeping proposals risk hurting consumers, businesses, and developers." FinTech Forrester’s 2024 North American Digital Experience Review: Banks Must Differentiate Their Mobile Banking Apps Better To Create Value For Customers News Aggregation Team Tuesday, October 08, 2024 1:00 am http://americas.managersofwealth.com/article/61980/forresteramprsquos-2024-north-american-digital-experience-review-banks-must-differentiate-their-mobile-banking-apps-better-to-create-value-for-customers U.S. Bank’s app offers a strong user experience FinTech Broadridge Funds New Zucker School of Medicine Endowed Deanship for Medical School Scholarships News Team Tuesday, October 08, 2024 1:00 am http://americas.managersofwealth.com/article/61987/broadridge-funds-new-zucker-school-of-medicine-endowed-deanship-for-medical-school-scholarships We are immensely grateful to Broadridge for their transformative support in helping us offer more scholarships for students in need FinTech Irish regtech Corlytics expands US operations News Team Monday, October 07, 2024 1:00 am http://americas.managersofwealth.com/article/61970/irish-regtech-corlytics-expands-us-operations This strategic move underscores the company's commitment to North America, its most crucial market. FinTech TD named Best Consumer Digital Bank in North America for fourth consecutive year by Global Finance News Team Friday, October 04, 2024 1:00 am http://americas.managersofwealth.com/article/61959/td-named-best-consumer-digital-bank-in-north-america-for-fourth-consecutive-year-by-global-finance Results driven by recognition in six award categories, including best innovation and transformation FinTech The next wave of hyperautomation in banking includes GenAI News Team Thursday, October 03, 2024 1:00 am http://americas.managersofwealth.com/article/61943/the-next-wave-of-hyperautomation-in-banking-includes-genai As banks assess how GenAI can transform many parts of their business, they’ll need to make important choices about technology and architecture FinTech CI Global Asset Management Launches Asset Allocation Mutual Funds, Providing Low-Cost All-in-One Portfolios News Team Friday, October 11, 2024 1:00 am http://americas.managersofwealth.com/article/62029/ci-global-asset-management-launches-asset-allocation-mutual-funds-providing-low-cost-all-in-one-portfolios The six asset allocation mutual funds are designed to suit a range of investor risk tolerances, from conservative to growth. Alternative Investments Future-proofing your multi-strategy hedge fund News Team Friday, October 11, 2024 1:00 am http://americas.managersofwealth.com/article/62028/future-proofing-your-multi-strategy-hedge-fund Multi-strategy funds are popular for their consistent returns, scalability, and inherent diversification Alternative Investments CI Global Asset Management Announces Distribution Change for CI Canadian Banks News Team Friday, October 11, 2024 1:00 am http://americas.managersofwealth.com/article/62032/ci-global-asset-management-announces-distribution-change-for-ci-canadian-banks The risk rating change is based on the risk classification methodology mandated by the Canadian Securities Administrators Alternative Investments Venture capital investors wary of dealmaking despite stock market momentum, report says News Aggregation Team Thursday, October 10, 2024 1:00 am http://americas.managersofwealth.com/article/62015/venture-capital-investors-wary-of-dealmaking-despite-stock-market-momentum-report-says "AI companies are commanding the most attention in venture," the report said. Alternative Investments Longevity Unlocked — Retiring In The Age Of Aging News Team Thursday, October 10, 2024 1:00 am http://americas.managersofwealth.com/article/62014/longevity-unlocked-ampmdash-retiring-in-the-age-of-aging Greater longevity has been compounded by falling birth rates across much of the developed world Alternative Investments EP Wealth Partnership Boosts Opto's Client Total to Over 250 RIAs News Aggregation Team Thursday, October 10, 2024 1:00 am http://americas.managersofwealth.com/article/62016/ep-wealth-partnership-boosts-optoamp039s-client-total-to-over-250-rias Opto is aiming to capture the RIA segment serving high-net-worth and ultra-high-net-worth investors. Alternative Investments EPAM Announces Agreement to Acquire First Derivative, Expanding Global Financial Services Practice News Team Monday, October 07, 2024 1:00 am http://americas.managersofwealth.com/article/61968/epam-announces-agreement-to-acquire-first-derivative-expanding-global-financial-services-practice Strategic Acquisition will Enhance Capabilities in Capital Markets, Banking Operations and Asset Servicing, Strengthening Client Offerings Globally Alternative Investments Sun Life and MFS strengthen 42-year wealth management partnership News Aggregation Team Monday, October 07, 2024 1:00 am http://americas.managersofwealth.com/article/61976/sun-life-and-mfs-strengthen-42-year-wealth-management-partnership MFS focuses on long-term investing to counter inflation's impact, supporting Sun Life's client growth Alternative Investments Osaic Expands Educational Offerings for Financial Professionals News Team Friday, October 04, 2024 1:00 am http://americas.managersofwealth.com/article/61958/osaic-expands-educational-offerings-for-financial-professionals Wealth Advisor Academy offers financial professionals the resources and best practices to increase their enterprise value and enhance the client experience Alternative Investments Memphis Team Managing $650 Million in Assets Joins Prospera Financial Services News Team Friday, October 04, 2024 1:00 am http://americas.managersofwealth.com/article/61961/memphis-team-managing-650-million-in-assets-joins-prospera-financial-services The firm provides financial planning and multi-generational wealth management with a focus on client advocacy. Alternative Investments Goldman Sachs’ ex-investment bank head explains why Citadel Securities is special. Anand Selva’s score at Citi News Aggregation Team Thursday, October 10, 2024 1:00 am http://americas.managersofwealth.com/article/62013/goldman-sachsamprsquo-ex-investment-bank-head-explains-why-citadel-securities-is-special-anand-selvaamprsquos-score-at-citi All the things which will one day become annoying seem interesting and cute. Investment Banking JP Morgan to bolster community presence with planned hiring spree in US News Aggregation Team Friday, October 04, 2024 1:00 am http://americas.managersofwealth.com/article/61960/jp-morgan-to-bolster-community-presence-with-planned-hiring-spree-in-us They will be tasked with hosting financial health workshops on topics such as budgeting, credit and savings, and acting as financial educators to the communities they serve. Investment Banking Wall Street just got another sign that dealmaking is on its way back News Aggregation Team Thursday, September 26, 2024 1:00 am http://americas.managersofwealth.com/article/61888/wall-street-just-got-another-sign-that-dealmaking-is-on-its-way-back Big banks reaped higher profits from a recovery in M&A, IPOs, and debt underwriting over the first half of 2024. Investment Banking Bank of America chief Brian Moynihan raises eyebrows by taking on chancellor role for Corporation of Brown University News Aggregation Team Monday, September 23, 2024 1:00 am http://americas.managersofwealth.com/article/61847/bank-of-america-chief-brian-moynihan-raises-eyebrows-by-taking-on-chancellor-role-for-corporation-of-brown-university Those eyebrows got even wider when Brown took idiotic wokeness to new levels. Investment Banking Banks Ready to Forget Pain of Hung Debt Go Big on Buyout Funding News Aggregation Team Friday, September 20, 2024 1:00 am http://americas.managersofwealth.com/article/61831/banks-ready-to-forget-pain-of-hung-debt-go-big-on-buyout-funding Undaunted, large banks are once again making aggressive moves. Investment Banking JPMorgan Aims to Expand in Africa and Scandinavia News Aggregation Team Thursday, September 19, 2024 1:00 am http://americas.managersofwealth.com/article/61812/jpmorgan-aims-to-expand-in-africa-and-scandinavia And a report Wednesday from Reuters notes that CEO Jamie Dimon plans to travel to Kenya, Nigeria, South Africa and Ivory Coast next month to boost the bank’s expansion in Africa. Investment Banking Chase, Bank of America crack down on startling workplace trend News Aggregation Team Monday, September 16, 2024 1:00 am http://americas.managersofwealth.com/article/61776/chase-bank-of-america-crack-down-on-startling-workplace-trend The Journal revealed that Chase, in most cases, will cap work hours for its junior investment bankers to 80 hours a week. Investment Banking JPMorgan expands Morgan Money platform with new treasury and cash management capabilities News Team Thursday, September 05, 2024 1:00 am http://americas.managersofwealth.com/article/61682/jpmorgan-expands-morgan-money-platform-with-new-treasury-and-cash-management-capabilities It's important that we provide our customers with the best resources available to conduct trades efficiently while providing exceptional client service Investment Banking JPMorgan seems to be having trouble hiring generative AI professionals News Aggregation Team Monday, September 02, 2024 1:00 am http://americas.managersofwealth.com/article/61637/jpmorgan-seems-to-be-having-trouble-hiring-generative-ai-professionals It's since posted another similar listing in London, and at the start of August, JPMorgan opened another VP vacancy in the CDAO in New York, paying a salary of up to $260k. Investment Banking Piper Sandler Completes Acquisition of Aviditi Advisors News Team Tuesday, August 27, 2024 1:00 am http://americas.managersofwealth.com/article/61597/piper-sandler-completes-acquisition-of-aviditi-advisors Aviditi Advisors will operate as Piper Sandler’s private capital advisory group. Investment Banking Bank of America Private Bank reveals age and gender gaps in charity work News Aggregation Team Thursday, October 10, 2024 1:00 am http://americas.managersofwealth.com/article/62007/bank-of-america-private-bank-reveals-age-and-gender-gaps-in-charity-work A Bank of America Private Bank study on affluent Americans reveals generational and gender difference in charitable giving. Comment, Analysis & Research Average pay for bankers in New York? $471k. But 70% earn less than $250k News Aggregation Team Wednesday, October 09, 2024 1:00 am http://americas.managersofwealth.com/article/62001/average-pay-for-bankers-in-new-york-471k-but-70-earn-less-than-250k The report is a reminder that some people in financial services are paid exorbitantly well, while the rest are paid very well. Comment, Analysis & Research Wealthy Gen Zers Are Moving To These 5 States — and Leaving This State the Most News Aggregation Team Monday, October 07, 2024 1:00 am http://americas.managersofwealth.com/article/61969/wealthy-gen-zers-are-moving-to-these-5-states-ampmdash-and-leaving-this-state-the-most “Due to their age and income, they may be more prone to moving for economic and lifestyle opportunities than some older counterparts,” the study noted. Comment, Analysis & Research How To Address The Global Talent Shortage? News Aggregation Team Tuesday, October 01, 2024 1:00 am http://americas.managersofwealth.com/article/61927/how-to-address-the-global-talent-shortage The 2023 ManpowerGroup Talent Shortage Study indicates that 75% of employers worldwide are struggling to find the talent they need. Comment, Analysis & Research Chubb's Digital Payments and Cyber Scams Survey Finds Growing Impact of Fraud on Consumers; Harms Trust in Payment Methods News Team Monday, September 30, 2024 1:00 am http://americas.managersofwealth.com/article/61910/chubbamp039s-digital-payments-and-cyber-scams-survey-finds-growing-impact-of-fraud-on-consumers-harms-trust-in-payment-methods Across the globe, 61% have changed their behavior or reduced use of digital payment platforms due to cyber scam concerns. 75% say transaction insurance would boost their trust, increasing adoption. Comment, Analysis & Research US tops Switzerland in global wealth ranking News Aggregation Team Thursday, September 26, 2024 1:00 am http://americas.managersofwealth.com/article/61889/us-tops-switzerland-in-global-wealth-ranking The ranking is compiled in euros and sees the US in first place Comment, Analysis & Research Family guys focus on the Fed, tech and succession plans News Aggregation Team Wednesday, September 25, 2024 1:00 am http://americas.managersofwealth.com/article/61863/family-guys-focus-on-the-fed-tech-and-succession-plans Family offices are becoming increasingly professionalised and global. Comment, Analysis & Research A costly cut: Many Canadians plan to travel on tight budgets that won't include travel insurance, according to new survey News Team Tuesday, September 24, 2024 1:00 am http://americas.managersofwealth.com/article/61855/a-costly-cut-many-canadians-plan-to-travel-on-tight-budgets-that-wonamp039t-include-travel-insurance-according-to-new-survey TD Insurance survey reveals a third of Canadians surveyed who plan to travel for pleasure in the next 12 months, won't be packing travel insurance that covers them completely. Comment, Analysis & Research Report: Banks Took in $1 Trillion From High Interest Rates News Aggregation Team Monday, September 23, 2024 1:00 am http://americas.managersofwealth.com/article/61848/report-banks-took-in-1-trillion-from-high-interest-rates The rate cut was the first since the COVID pandemic, was larger than usual, and is expected to usher in a steady easing of monetary policy. Comment, Analysis & Research Centi-Millionaire Boom: America and China Dominate the Super Rich Club News Team Thursday, September 19, 2024 1:00 am http://americas.managersofwealth.com/article/61810/centi-millionaire-boom-america-and-china-dominate-the-super-rich-club This exclusive club has grown globally by 54% over the last decade, with America and China experiencing a centi-millionaire boom, significantly outperforming their European counterparts. Comment, Analysis & Research IRS Whistleblowers' $74 Million Payout Shows Two Years of Reform News Aggregation Team Wednesday, October 09, 2024 1:00 am http://americas.managersofwealth.com/article/62000/irs-whistleblowersamp039-74-million-payout-shows-two-years-of-reform The IRS program for years has endured criticism about low payouts and rising process times. Tax The legal framework for the United States and United Kingdom cross-border tax compliance News Aggregation Team Wednesday, October 02, 2024 1:00 am http://americas.managersofwealth.com/article/61932/the-legal-framework-for-the-united-states-and-united-kingdom-cross-border-tax-compliance Under the treaty, various types of earnings, such as dividends, interest and royalties, are charged only in the country of residence or at reduced rates in each location. Tax Cardinal Point Wealth Management Warns of Major Estate Tax Exemption Changes in 2025 News Team Wednesday, September 25, 2024 1:00 am http://americas.managersofwealth.com/article/61875/cardinal-point-wealth-management-warns-of-major-estate-tax-exemption-changes-in-2025 The TCJA temporarily doubled the federal estate tax exemption Tax REDW Advisors & CPAs acquires Hatcher Financial News Aggregation Team Tuesday, September 24, 2024 1:00 am http://americas.managersofwealth.com/article/61860/redw-advisors-ampamp-cpas-acquires-hatcher-financial The acquisition increases REDW's Phoenix office team to 114 members and nearly 350 across its broader network. Tax Asset Reality and Taxbit Partner to Enhance Digital Asset Seizure and Management News Team Thursday, September 12, 2024 1:00 am http://americas.managersofwealth.com/article/61752/asset-reality-and-taxbit-partner-to-enhance-digital-asset-seizure-and-management New partnership brings industry-leading expertise and comprehensive asset management solutions to streamline the manual process of asset seizures. Tax Canadian government owns Scots property via tax haven News Aggregation Team Thursday, September 12, 2024 1:00 am http://americas.managersofwealth.com/article/61757/canadian-government-owns-scots-property-via-tax-haven Aimco “invests globally on behalf of pension, endowment, insurance and government fund clients in Alberta” and manages £90bn in assets. Tax Treasury recovers $1.3 billion in unpaid taxes from high-wealth tax dodgers News Aggregation Team Monday, September 09, 2024 1:00 am http://americas.managersofwealth.com/article/61709/treasury-recovers-13-billion-in-unpaid-taxes-from-high-wealth-tax-dodgers In 2023 and 2024 the IRS launched a series of initiatives aimed at pursuing high-wealth individuals who have failed to pay their tax debts. Tax Switzerland and United States agree on mutual exchange of financial account data News Team Thursday, June 27, 2024 1:00 am http://americas.managersofwealth.com/article/61032/switzerland-and-united-states-agree-on-mutual-exchange-of-financial-account-data Implementation of the FATCA agreement requires national law to be amended. Tax Billionaire Tax Rejected by US Causes Split Ahead of G-7 Meeting News Aggregation Team Friday, May 24, 2024 1:00 am http://americas.managersofwealth.com/article/60741/billionaire-tax-rejected-by-us-causes-split-ahead-of-g-7-meeting The United States has pushed back on a global minimum wealth tax on billionaires. Tax Fairness, Transparency, and Enforcement: FACT’s Principles for Taxing U.S. Multinational Corporations After 2025 News Aggregation Team Wednesday, May 22, 2024 1:00 am http://americas.managersofwealth.com/article/60715/fairness-transparency-and-enforcement-factamprsquos-principles-for-taxing-us-multinational-corporations-after-2025 To preserve popular tax cuts for low and middle-class earners, Congress will look to offset with other revenue sources, including improvements to how multinational corporations are taxed. Tax VersaBank Recognized for continuing leadership in banking technology News Team Thursday, September 26, 2024 1:00 am http://americas.managersofwealth.com/article/61880/versabank-recognized-for-continuing-leadership-in-banking-technology Bank Named CIO Awards Canada Winner by IDC and CIO Retail Banking Bank of America to open 165 new branches by end of 2026 News Aggregation Team Wednesday, September 25, 2024 1:00 am http://americas.managersofwealth.com/article/61872/bank-of-america-to-open-165-new-branches-by-end-of-2026 The bank aims to open these new centres across 63 markets, with nearly 40 planned for this year, adding to the more than 100 centres opened over the last two years. Retail Banking Global Finance Names The Best SME Banks 2025 News Team Wednesday, September 18, 2024 1:00 am http://americas.managersofwealth.com/article/61801/global-finance-names-the-best-sme-banks-2025 Winners have also been named in 72 countries, territories and districts and six US regions. Retail Banking RBC looks at HSBC Canada acquisition as a catalyst for “accelerated growth” News Aggregation Team Tuesday, September 03, 2024 1:00 am http://americas.managersofwealth.com/article/61650/rbc-looks-at-hsbc-canada-acquisition-as-a-catalyst-for-ampldquoaccelerated-growthamprdquo RBC’s HSBC Canada deal positions it as the bank of choice for newcomers and commercial clients with international needs. Retail Banking Wells Fargo Employee Found Dead At Her Desk 4 Days After Clocking In News Aggregation Team Monday, September 02, 2024 1:00 am http://americas.managersofwealth.com/article/61636/wells-fargo-employee-found-dead-at-her-desk-4-days-after-clocking-in At 4:55 p.m., authorities declared Prudhomme dead at the scene, according to local outlets citing Tempe police. Retail Banking NerdWallet to cut workforce by 15% as part of restructuring plan to reduce operating expenses News Aggregation Team Thursday, August 08, 2024 1:00 am http://americas.managersofwealth.com/article/61436/nerdwallet-to-cut-workforce-by-15-as-part-of-restructuring-plan-to-reduce-operating-expenses The company revealed the restructuring plan with the publication of its Q2 2024 financial results Retail Banking PayPal extends Fastlane to all US merchants News Team Wednesday, August 07, 2024 1:00 am http://americas.managersofwealth.com/article/61422/paypal-extends-fastlane-to-all-us-merchants Merchants often lose sales due to lengthy guest checkout experiences. Retail Banking AppBrilliance brings real-time payments to closed-loop digital wallets in the US News Team Tuesday, July 30, 2024 1:00 am http://americas.managersofwealth.com/article/61347/appbrilliance-brings-real-time-payments-to-closed-loop-digital-wallets-in-the-us This represents a clear opportunity for expanding payment solutions in the U.S. that AppBrilliance's Money API™ is positioned to accelerate with real-time payments for digital wallet funding. Retail Banking Morgan Stanley Expansion Capital acquires stake in global payments fintech Sokin News Team Wednesday, July 24, 2024 1:00 am http://americas.managersofwealth.com/article/61294/morgan-stanley-expansion-capital-acquires-stake-in-global-payments-fintech-sokin Whilst Morgan Stanley Expansion Capital has led the transaction, it also includes investment from prominent US investors Retail Banking Bank of America backs Simply Asset Finance News Aggregation Team Friday, June 28, 2024 1:00 am http://americas.managersofwealth.com/article/61051/bank-of-america-backs-simply-asset-finance The feature will allow Simpli to increase in lending by 30% by neatly £100 million within a year. Retail Banking The Power of Collaborative Vision: Five Years and Nearly $10 Trillion Dollars Later on a Net-Zero Journey News Team Friday, September 27, 2024 1:00 am http://americas.managersofwealth.com/article/61900/the-power-of-collaborative-vision-five-years-and-nearly-10-trillion-dollars-later-on-a-net-zero-journey This fall we celebrate the fifth anniversary of the formation of the UN-convened Net-Zero Asset Owner Alliance. Planet SOS Carbon Capture Gets Boost from Major Bank of America Investment News Aggregation Team Thursday, September 05, 2024 1:00 am http://americas.managersofwealth.com/article/61679/carbon-capture-gets-boost-from-major-bank-of-america-investment This investment represents a significant vote of confidence in carbon capture technology Planet SOS TD Bank Provides Update on U.S. AML Matters News Team Thursday, August 22, 2024 1:00 am http://americas.managersofwealth.com/article/61564/td-bank-provides-update-on-us-aml-matters The Bank expects that a global resolution will be finalized by calendar year end. Planet SOS Standard Chartered launches ESG-linked Cash Account News Team Monday, August 12, 2024 1:00 am http://americas.managersofwealth.com/article/61467/standard-chartered-launches-esg-linked-cash-account Latest addition to the Bank’s suite of Transaction Banking Cash solutions rewards clients for meeting material ESG-related targets Planet SOS RBC’s $35m green initiative targets 70% emissions cut by 2035 News Aggregation Team Thursday, August 01, 2024 1:00 am http://americas.managersofwealth.com/article/61372/rbcamprsquos-35m-green-initiative-targets-70-emissions-cut-by-2035 The project, scheduled to start in spring 2025, is expected to reduce the bank’s onsite carbon emissions by 10,000 tonnes, contributing to a 70% reduction in total branch emissions. Planet SOS The great climate change wealth transfer is here News Aggregation Team Monday, July 22, 2024 1:00 am http://americas.managersofwealth.com/article/61258/the-great-climate-change-wealth-transfer-is-here The great climate change Politics and profit are making it harder to kick our fossil fuel addictiontransfer is here Planet SOS Corporates’ Supply Chain Scope 3 Emissions Are 26 Times Higher Than Their Operational Emissions News Team Wednesday, June 26, 2024 1:00 am http://americas.managersofwealth.com/article/61022/corporatesamprsquo-supply-chain-scope-3-emissions-are-26-times-higher-than-their-operational-emissions These figures highlight that the challenge of effectively measuring Scope 3 emissions is widespread and spans industries Planet SOS ESG in securitized credit: Finding clarity within complexity News Team Friday, June 14, 2024 1:00 am http://americas.managersofwealth.com/article/60917/esg-in-securitized-credit-finding-clarity-within-complexity Now is the time to maintain momentum and engage. Planet SOS World’s rich channel more wealth into tackling climate change News Aggregation Team Friday, June 14, 2024 1:00 am http://americas.managersofwealth.com/article/60918/worldamprsquos-rich-channel-more-wealth-into-tackling-climate-change Family offices are making bigger investments into renewable energy, such as wind and solar power Planet SOS Ortec Finance extends exclusive partnership with Cambridge Econometrics News Team Friday, June 07, 2024 1:00 am http://americas.managersofwealth.com/article/60845/ortec-finance-extends-exclusive-partnership-with-cambridge-econometrics This enables Ortec Finance’s suite of in-house climate scenarios Planet SOS