07/22/2022
U.S. inflation hits 9% and Everything is fine right?
The US 10-year government bond yield fell 8 basis points, suggesting that the market believes the Fed is in control of inflation.
Wealth and Asset Management
07/22/2022
Private Bancorp of America, Inc. Announces Second Quarter 2022 Financial Results
Domestic events, including high inflation, have unfavorably resulted in increased non-interest expense, including employee compensation and professional services.
07/22/2022
BTG Pactual to open int’l platform to new client segment
The international product platform will be connected to the BTG Pactual app that will allow clients to check both their onshore and offshore accounts so they can see all their investments.
07/21/2022
Lauren Kinch and Andrew Baumgartner Join UBS Private Wealth Management in San Francisco
They join the firm from BNY Mellon Wealth Management where they spent the last five years advising clients and helping develop the firm’s wealth management platform offering.
07/21/2022
Strategic Capital Advisers to Join Focus Partner Transform Wealth, Strengthening Transform's Capabilities and Presence in Colorado
This partnership will enable us to leverage Transform Wealth's resources, intellectual expertise and deep bench of talent to enhance our strengths and continue to deliver highly personalized client service for many years to come.
07/21/2022
Credit Suisse Mexico and Actinver sign strategic alliance agreement
This is in line with Credit Suisse Wealth Management’s strategy to strengthen and simplify its offering in priority growth markets, including through strategic alliances.
07/21/2022
MJP Wealth Advisors Named to Financial Advisor Magazine’s 2022 Top 50 Fastest Growing Firms List
MJP Wealth Advisors assets per client grew by 30.5% from 2020 to 2021 and firm assets increased by 40.6% during the same period to $967.3 million at the end of 2021.
07/20/2022
Rise People partners with OneVest to create a private, fully integrated wealth management offering on the Rise platform
Employees can build wealth, plan for retirement, and save for important lifetime purchases—all within the Rise platform.
07/20/2022
BMO joins GPFA and raises total assets to $10tn
GPFA brings together beneficial owner members with the goal of encouraging the development of a more effective and transparent marketplace for securities financing activities, liquidity management and collateral management.
07/19/2022
Merrill reports ‘bull market for advice’ in Q2 earnings call
Rising interest rates helped; the $1.8bn in net interest income recorded last quarter was also an all-time record.
07/19/2022
Kingswood U.S. Recruits More Than $355 Million in Total Client Assets with Addition of Eight Independent Financial Advisors and Practices
The new affiliates in the Kingswood U.S. network bring decades of experience in holistic financial planning and represent diverse geographies as well as client bases.
07/19/2022
Why DC Plan Providers Might Be Moving Into Wealth Management
And the defined contribution plan providers themselves have come to realize that they are in the best place to take advantage of those plan relationships they already have and now build out wealth management services.
07/19/2022
Goldman Sachs still rules Wall Street: Earnings blow away forecasts
Goldman Sachs thrived despite the fact that stocks plummeted during the first half of 2022.
07/18/2022
Sanctuary Wealth Welcomes Mesa Pointe Wealth
Texas-based team with $120 million AUM joins from Edward Jones and chooses partnered independence with Sanctuary
07/18/2022
Deutsche boosts int’l private bank with hires from Citi, BNY and PNC
Zann was previously a relationship manager covering institutional commercial real estate developers and private equity funds at PNC.
07/17/2022
A Wealth Management Bright Spot in Tough Quarter for Wells Fargo
The bank’s businesses, including its wealth management unit, got a boost from rising interest rates. Net interest income for Wells Fargo’s wealth unit soared 50% year over year, or $306 million, to $916 million.
07/15/2022
Northern Trust Front Office Solutions Enhances Liquidity Management Solutions for Asset Owners
The new tool offers improved customization, efficiency and visualization for complex asset allocators.
07/15/2022
Hartford Investment Management Company Joins Constellation Strategic Committee
Founded in 2018 by alternative investment manager, Wafra Inc. (‘Wafra”), Constellation unites the expertise and capital base of premier institutional investors around the world with promising growth-oriented alternative asset managers.
07/15/2022
Truist Foundation announces $1.25 million grant to Nashville Business Incubation Center
Grant provides wraparound support services for local women entrepreneurs through tools, training, mentorships and results-driven curriculum
07/15/2022
Wealth Enhancement continues acquisition spree with Titus Wealth buyout
Titus Wealth is said to manage over $776m in client assets, of which $202m are brokerage assets supervised by LPL Financial, a separate unit from Wealth Enhancement Group.