10/20/2021
CI Financial Reports Total Assets of $320.4 Billion for September 2021
CI’s Asset Management business delivers $800 million in net sales for its best quarter in over six years
Wealth and Asset Management
10/20/2021
Scotia global asset management to create private assets unit
Scotia GAM had $300 billion (US$243 billion) in assets under management as of the end of July 2021.
10/20/2021
New BNY Mellon Wealth Management Survey Finds Over Half of High-Net-Worth Americans Prefer the Ability to Preserve and Protect Their Wealth Over Concierge Services and Lifestyle Gifts
Many clients – 11% – are unlikely to switch providers until they feel dissatisfaction with their current ones
10/20/2021
Investments & Wealth Institute's New Alliance Expands Member Benefits
Investments and Wealth Institute members gain special access to premier fiduciary education and technology through Broadridge.
10/19/2021
CI Financial Reports Total Assets of $320.4 Billion for September 2021
CI’s Asset Management business delivers $800 million in net sales for its best quarter in over six years
10/19/2021
How private banks are courting the next generation of wealthy investors
But over time, investors, their money, and their advisors have been inexorably migrating from commission-based brokerages and toward the fee-only RIA model.
10/19/2021
PGIM Investments to acquire direct indexing firm Green Harvest Asset Management
Firm expands platform to include customized solutions to meet the complex needs of high-net-worth investors
10/19/2021
Berger Financial Group, Inc. Acquires Dane Holdings, Inc. of Arizona
Largest acquisition outside of Minnesota will expand Berger Financial Group's wealth management offerings
10/19/2021
Lido Advisors Senior Managing Director Michael J. Karsa Named to Forbes’ 2021 500 Top Next-Gen Wealth Advisor
Chicago-Based Investment Advisor Karsa Ranked at Number 269, Up from 484
10/17/2021
Swiss bank UBS closing brokerage business in Mexico -sources
UBS noted it hired Gustavo Galvan-Duque early this year as head of Wealth Management for Mexico and would keep looking for "local talent."
10/15/2021
U.S. banks see wealth management boom on borrowing, new assets
That has increased demand for money managers, increased the value of assets managed by these brokerages, and made it more appealing for customers to borrow.
10/15/2021
Goldman Sachs crushes analysts’ estimates on strong investment banking and trading results
Revenue: $13.61 billion vs. $11.68 billion consensus estimate.
10/14/2021
Three Hightower Advisors Named on Seramount's 2021 'Top Wealth Advisor Moms' List
The annual list honors 500 wealth management mothers who are dominating the finance industry
10/14/2021
Merrill Lynch is bringing in a wave of changes for its storied 'thundering herd' of financial advisors
Efforts include Merrill's 'Project Thunder' campaign and an overhaul of the firm's training program.
10/14/2021
Third Quarter 2021 Results and Key Metrics Citigroup
This compared to net income of $3.1 billion, or $1.36 per diluted share, on revenues of $17.3 billion for the third quarter 2020.
10/13/2021
JPMorgan profit powered by record M&A fee, reserve release
"JPMorgan Chase delivered strong results as the economy continues to show good growth - despite the dampening effect of the Delta variant and supply chain disruptions," said JPMorgan Chief Executive Jamie Dimon.
10/12/2021
These are the global innovation powerhouses of 2021
There are a number of countries that are performing above expectations relative to their economic development.
10/08/2021
Savant Wealth Management Announces Strategic Minority Investment from Kelso & Company
The partnership is designed to accelerate Savant's acquisition and organic growth strategies by augmenting its capabilities and providing access to additional growth capital.
10/08/2021
UBS Advisor Named to the Forbes/SHOOK Top 250 Wealth Advisors List
Jonathan specializes in providing high-net-worth individuals, families and corporate entities with financial advice including liability management, estate planning, tax optimization and philanthropic strategies.
10/08/2021
Ullmann Wealth Partners, a Leading Independent Wealth Manager in Florida, to Join Focus as a New Partner Firm
Ullmann Wealth Partners' highly customized, goals-based approach integrates a full suite of services, including investment management, financial planning, advanced estate planning, charitable giving, and insurance and tax strategies.