Managers of Wealth Americas

Advisors are shifting service models from individuals to families

Majority of advisors moving toward new unified managed household model, Cerulli reports

Two Male Private Equity Heads Aren’t Better Than One Woman

The pair will rotate the chairman and chief executive officer roles every year; not exactly governance best practice, even if the roles are better off separated.

Bank of America reveals top retirement concerns amid inflation

Hardship distributions were also down, and used by a very slim minority — just 0.4% of savers turned to this method, down from 0.5% the previous quarter.

US equity market looks unlikely to lead the global pivot in sentiment

This has now risen to 5.15%, in line with the most recent median estimate of 5.125% from top Fed officials.

Truist sheds 5% of investment banking jobs on dealmaking slowdown

Truist offers retail and commercial banking, capital markets, asset and wealth management, insurance, and payments services, among others.

Investors obsessing over AI is latest symptom of the 'Amazon disease': Morning Brief

The speed of the infatuation with AI, chatbots, and all associated "innovations" has been stunning.

Bank of America CEO Moynihan pay falls in 2022

Bank of America is seeking to reward its best employees while keeping a lid on costs.

Despite Inflation Fears and Higher Interest Rates, State Street Survey Finds More Than Two Thirds of Institutional Investors Continue to Grow Private Markets Allocations

Private equity expected to remain the most in-demand alternative asset class in the next two to three years

State Street Global Advisors Survey: US Investors Remain Confident in Their Advisors' Ability to Navigate Market Volatility Despite Lingering Concerns About Investment Prospects for 2023

The survey found even with volatility in the market, 57% of US investors plan to keep their money ‘as is’ and stick to their long-term strategy.

New Lincoln Financial Group study reports one in three Americans struggles financially, but goal-setting is a game-changer

Company recommends three specific goals to help consumers turn their finances around in the months ahead

Bonds are back, says Allspring chief

Globally, we are seeing mid or high, single-digit returns and those numbers are starting to look very compelling,” says the bonds boss, combining an obvious delight with his more cautious nature.

Overtrading risks damaging your portfolio

Asia performed well again last week and looks likely to continuing doing so aided by robust data, China re-opening, and reduced concerns about a significant tightening of monetary policies.

Family office participation in venture capital slows down in the wake of global turmoil

For instance, family offices are avid investors in healthcare and technology, and the majority of those we surveyed believe that artificial intelligence and machine learning-based companies will emerge and become industry leaders in drug discovery.

Canada Life Asset Management – Predictions ahead of BOE interest rate decision

“The BoE has been clear that they will maintain rates in order to control inflation and in the event of a mild recession we see no immediate move to reduce rates this year.

How to Avoid Violating U.S. Sanctions on Russian Oligarchs’ CRE Investments

Opaque structures such as LLCs sometimes make it difficult to pin down who’s behind them.

Sustainable and impact investing continues growing – Cambridge survey

The continued expansion of sustainable and impact investing "reflects a growing recognition that these factors are material to investment decision-making and long-term portfolio outcomes,"

Is now the right time for alternatives?

A balanced approach that benefits from both beta and alpha strategies, and uses a full set of available instruments, while taking risks into account, can improve outcomes.

UBS: Colm Kelleher's Flawed Bet on US Investors

Despite having a solid business and being a market leader in global private banking, the bank’s share price has not made any great leaps.

Emerging market outperformance set to continue

As a result, fed funds futures markets are now pricing around a 95% chance that the Fed will further reduce the size of its expected February rate hike to 25 basis points.

Recessions first, then recovery

The most recent developments show that economic and financial pressures are easing.

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