Managers of Wealth Americas

Seventy2 Capital Named in Forbes 2023 Best-In-State Wealth Management Teams

Despite a difficult market, Seventy2 Capital had a strong year.

UBS Advisor Team The Matthews Group Named to the Forbes Best-In-State Wealth Management Teams List

The team was also named to the Forbes America’s Top Wealth Management Teams, Private Wealth list for 2022, as the only advisor team in Washington state named to the list.

Next-Gen Advisors Say They Are Ready (Predecessors Not So Sure)

Outlining clear expectations, providing mentorship and being receptive to new ideas posed by next-gen advisors can help facilitate a smooth succession, industry executives say.

J.P. Morgan Asset Management Receives Regulatory Approval for 100% Ownership of China Joint Venture

All CIFM employees will also eventually relocate to join J.P. Morgan at Shanghai Tower, an iconic building in the Lujiazui Financial Zone in Pudong District, the center of Shanghai's financial industry.

Goldman Sachs to cut asset management investments that weighed on earnings

Goldman had a dismal fourth quarter, missing Wall Street profit targets by a wide margin.

Mercer Advisors Refreshes Brand with a Modern Approach to Wealth Management

New brand update communicates a differentiated offering, the value of fiduciary advice, and the continued evolution of Mercer Advisors as a National RIA firm

For The Wealthy, Technology Cannot Replace Advisors (Yet)

Even then, the wealthy will be relying on various private wealth professionals for the implementation of wealth management solutions. Another consideration is that it is very likely that many of the wealthy who choose to rely on wealth tech sans advisors

FNZ to acquire YieldX, accelerating the personalization of wealth management solutions across the U.S. market

The acquisition will further meet FNZ’s mission to deliver personalized investment solutions to more people across the wealth management industry.

IEQ Capital Welcomes Stone Point Capital as Strategic Partner

In conjunction with continued strong, organic growth, this partnership aims to accelerate IEQ's quest to transform traditional wealth management through a differentiated investment platform, idea-origination, and the ability to connect, communicate a

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.

Wealth and Asset Management