Managers of Wealth Americas

Exencial cracks $3bn with Charlotte RIA buy

We really focus on solid integration and making one culture, one organization,’ Burns said.

Stifel Reports First Quarter 2020 Results

The Company’s reported GAAP net income for the three months ended March 31, 2020 was primarily impacted by merger-related expenses.

ZEDRA launches corporate management services in the US

Whatever the reason for having a US vehicle, our clients want to work with a trusted partner, especially in the context of understanding local requirements and keeping the entity in good legal standing from a US and global context.

Gold demand rises as investor buying spree offsets jewellery plunge- GFMS

That offset a 40% year-on-year fall in consumption of gold by jewellers to 308.6 tonnes, a 19% decline in use by industry to 75.3 tonnes and an 11% dip in purchases by central banks to 129.3 tonnes, the report said.

The world’s wealthiest are sticking with stocks despite the coronavirus crisis, UBS finds

In general, business owners are also positive on the longer-term outlook

Crossbridge Capital launches CONNECT Prime Gives Back amid COVID-19 outbreak

This is an unprecedented time in our history.

UBS to Launch Funds Replicating Brokers’ Model Portfolios

The bank’s global wealth management unit generated $1.22 billion, up 41%.

US banks prioritised wealthy clients for SME rescue loans

Customers of Citi’s private bank, where the minimum account size is $25m, didn’t have to use an online portal to apply for a loan.

Billionaire Ray Dalio says coronavirus marks the start of a ‘new future’

Comparing the pandemic with other periods of economic hardship, such as the Great Depression, Dalio said the current downturn — painful as it is — would be “relatively brief” and would allow for a wider global “restructuring.

UBS Advisor Named to Financial Times List of Top 400 Financial Advisors

A graduate of the University of Florida, Stephens was on this list in 2016.

Hiring a Wealth Management Team

The important considerations for any affluent family looking to make the best and most well-informed decision about with whom to entrust their wealth.

Citigroup Cutting Ties With Anthony Scaramucci’s Hedge Fund of Funds

Move follows a loss of more than 20% in March by SkyBridge’s flagship fund

Why brand building is essential in times of precarity

The key to the popularity of these durable advertising campaigns was that they exercised a ‘feel good’ factor and prompted memories of better times.

Broadridge Announces $1.5 Million Commitment for Community Relief to Help Those Affected by COVID-19

Broadridge will directly donate an initial $1 million to support charities and schools globally

Who are the 15 youngest billionaires in America, and which is the richest

Collectively these young people are worth more than US$100 billion – and some of the richest are, surprisingly, not household names

Major Challenges Ahead

Equities should be lower but calling a top in the current recovery is challenging.

ZEDRA Fund services announces $230m LATAM fund win

Ryan Taylor, Director of ZEDRA Fund Services explained, “We have proven and significant experience in the small and mid-tier alternative funds administration sector."

Significant rise in clients in Latin America requesting succession planning, reports ZEDRA

While not linked directly to the Covid-19 outbreak, Zedra believes the publicity surrounding the pandemic has acted as a catalyst, prompting clients to review how their estates will be managed.

Pandemic Dents Morgan Stanley Wealth Management’s Numbers

Morgan Stanley Wealth Management saw $18.4 billion of net flows into fee-based accounts, up 24% from the net inflows recorded a year earlier.

Quantum Private Wealth launches operations in US

The firm further noted that it will offer customised advice depending on each customer’s short-term liquidity requirements and long-term goals.

Wealth and Asset Management