10/21/2022
AI in Wealth Management: A Win-Win for Clients and Advisors
Next-generation technologies unlock capabilities for improved prospecting, client personalization, and more
Wealth and Asset Management
10/20/2022
The Society for Lifetime Planning Joins Kestra Financial
With the addition of the $600 million firm, Kestra is on track for its "best year ever."
10/20/2022
Goldman Sachs merges asset and wealth arms into $2.4tn unit
The latest changes come after the asset management arm’s revenues dropped 71% in the year to date.
10/20/2022
Mazuma Credit Union Moves Wealth Management Program to Ameriprise Financial for Enhanced Technology and Solutions
Mazuma members now have access to extensive services and solutions offered by Ameriprise Financial
10/20/2022
Super Advisor Secures $2 Million to Give Financial Advisors Independence
Rhino Ventures-backed Super Advisor wants to help financial advisors strike out on their own.
10/19/2022
Merrill Eyes Digital Marketing to Fuel Organic Advisor Growth
Bank of America’s wealth unit posted record profits, financial planning revenue and bank loans, even as the markets tumble.
10/19/2022
Goldman Sachs folds Marcus into wealth management unit
This is despite the fact that the bank presented investors and analysts with a chart in early 2020 suggesting that the business would break even in 2022.
10/19/2022
Morgan Stanley Loses $1 Billion Team to UBS
The Swiss bank said it hired a five-person team in Providence, R.I. with more than $1 billion in client assets.
10/19/2022
Credit Suisse working on capital increase – reports
The bank has lined up Royal Bank of Canada and Morgan Stanley, according to Bloomberg.
10/19/2022
Family Offices Could Teach UK Banks A Thing Or Two About Uncapped Bonuses
While the UK tries to answer that question, we explore how uncapped bonuses already work in Family Offices and the lessons that could be learned for banks once passed.
10/19/2022
Ares prepares strategies to meet wealth manager demand outside US
The firm’s wealth management solutions business is now a year old and is eyeing opportunities beyond its domestic borders.
10/19/2022
Bank of America wealth arm registers 3% dip in Q3 profit
Total client balances decreased 12% to $3.2tn due to lower market valuations and net client flows.
10/18/2022
Blackstone Charitable Foundation Announces $3M Grant To Significantly Expand Career Accelerator with Blackstone Career Pathways Partner Year Up
Blackstone Career Pathways will continue to expand across portfolio companies; builds on success of the Blackstone Veterans Hiring Initiative, with more than 100,000 veterans, veteran spouses and caregivers hired across portfolio since 2013
10/18/2022
Atlantic Union Bank Wealth Management Names Mitch York Chief Investment Officer
York received his bachelor’s degree in business administration from Eastern Kentucky University and his master’s from The University of South Florida. He currently resides in Richmond, VA.
10/18/2022
Credit Suisse Places U.S. Asset Management Arm for Sale - Source
Initial expressions of interest from potential buyers are due in at the end of this week, said the source, who spoke on condition of anonymity to discuss private information.
10/17/2022
UBS Hires $1 Billion Advisor Team in Providence, Rhode Island
This team of professionals are a great addition to our firm, helping to strengthen our wealth management offering in the region
10/17/2022
Goldman Sachs CEO Solomon is undoing some of his biggest moves in major bank shake-up
Goldman will also fuse its investment-banking and trading operations under one group run by Dan Dees, Jim Esposito and Ashok Varadhan.
10/17/2022
BNY Mellon Reports Third Quarter 2022 Results
The company's earnings release along with the quarterly financial highlights and other earnings-related documents
10/17/2022
Global wealth set to contract over 2% in 2022
Average nominal growth of financial assets is expected to be at 4.6% until 2025, according to Allianz
10/14/2022
Wealth Enhancement Group Selects CAIS to Expand its Alternative Investment Capabilities
Jeff Dekko, CEO of Wealth Enhancement Group, to Speak on RIA M&A Panel at the CAIS Alternative Investment Summit taking place October 17-19 in Los Angeles, California