Managers of Wealth Americas

Citi rolls out self-directed investment offering

The offering will expand in the coming months to provide access to additional types of investments, including mutual funds.

Second Quarter 2021 Results and Key Metrics

Revenues decreased 12% from the prior-year period

Captrust acquires $2B RIA in firm’s 50th deal since 2006

Nearly a decade earlier, Captrust expanded its initial acquisition focus on retirement plan firms to wealth management practices as well, Rush Benton, the firm’s senior director for strategic growth, said in an interview.

Raymond James Hiring Binge Nets 12 Advisors With $2.2 Billion

The recruiting binge comes as South Florida takes on an increasingly important role in the wealth management industry.

Buy the Inflation Dips

Lower US 10 year yields due to technicals – inflation still alive

BlackRock Makes Minority Investment in SpiderRock Advisors

Expands access to personalization and tax-management capabilities for wealth separately managed accounts

UBS, Envestnet and iCapital Network® leverage technology and investment prowess to expand alternative investment offering

Envestnet to provide access to a curated menu of alternative investments by UBS and iCapital Network through new Alternatives Exchange, leveraging iCapital's turnkey technology solution

Digital banking at US Bank sped up during pandemic

This differs from most wealth managers who tend to steer clients toward what they view as best-of-breed managers outside their firms.

New York Listed As Top Family Office Jurisdiction

The Agreus Survey revealed that 29% of Family Offices invested in new geographical regions over the last 12 months with Asia being the most popular investment spot.

Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth

Banks say the wealthy are borrowing more than ever, using low-interest loans backed by their investments

Exencial Wealth Advisors Partners with First United Bank

Leading RIA receives a minority investment from one of the nation’s largest community banks, expanding and deepening its service offering for clients

Wealth Management Update - July 2021

The July Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 1.2%, which is equal to June's 7520 rate, but is significantly higher than the 7520 rate of 0.6% in July of 2020.

CAPTRUST Adds 50th Firm: Nachman Norwood & Parrott Wealth Management

"NNP has built a notable practice in South Carolina, a state where we have long had clients, and are excited to now have a physical presence,"

Colony Group Agrees To Acquire $2.8B AUM Investment Manager

After closing on the M&A deal, Colony will have a total of 16 offices nationwide and over 275 team members.

The Asset Management Industry Emerged Strong from the COVID-19 Pandemic, Crossing the $100 Trillion Threshold

Strong Net Flows—Especially from Retail Investors—and Market Growth Led to $103 Trillion in Assets Under Management by the End of 2020, Although Profits Remained Flat, Says New Report by Boston Consulting Group

Laidlaw Wealth Management and Naples Wealth Planning Opens Newest Office in Coral Gables, Florida

Since the acquisition of Naples Wealth Planning, the combined firms have had great success in recruiting key advisors in affluent communities.

BNY Mellon to Bolster Digital Solutions Capabilities with aquisition

Terms of the acquisition were not publicly disclosed.

Wealth Enhancement Group acquires Independent RIA

Upon closing of the transaction, Wealth Enhancement Group's total client assets are expected to exceed $37 billion.

Blackstone to Acquire Sphera, a Leading Provider of ESG Software, Data, and Consulting Services, From Genstar Capital for $1.4 Billion

The company has more than 3,000 customers in more than 100 countries.

Two minutes with David Elwell, Director – Family Office US

Wealthy Americans tend to be less globally mobile than their counterparts around the world.

Wealth and Asset Management