10/28/2020
BTG Pactual buys $2.4bn wealth shop in Brazil
The acquisition comes off a busy few months at the firm during which time it has been expanding its advisory business through partnerships with local wealth managers in Brazil.
Wealth and Asset Management
10/28/2020
Northern Trust Pension Universe Data: Canadian Pension Plans Harness the Strength of Equity Returns during Third Quarter 2020
The Canadian economy showed signs of progress as witnessed by an improvement in economic data, including monthly GDP growth.
10/28/2020
Wells Signs Two $2-Mln-Plus Brokers from Merrill, UBS
Littlejohn, a 31-year industry veteran who was in Merrill’s private wealth management unit for ultra-wealthy clients, left three other advisors who remain with the Thundering Herd.
10/26/2020
Digital Transformation: A Key Enabler For Wealth Management Firms In Post-Pandemic Times
CEO of Incedo, a Bay Area-headquartered consulting, analytics and technology services firm.
10/26/2020
The Rockefeller Foundation commits USD1 billion to catalyze a green recovery from pandemic
Driving public-private investment, transformative solutions, and a more inclusive, sustainable future
10/23/2020
Wells Fargo explores sale of asset management business - sources
The San Francisco-based bank has discussed a potential deal with asset management companies and private equity firms.
10/22/2020
Wealth Management Continues To Shine For Morgan Stanley, Bank Of America Despite Recession
With its 15,469 advisors, the firm reported net revenues of $4.657 billion in its wealth management division which was flat from the second quarter but up 7% from the third quarter of last year.
10/22/2020
Wealth Management for High-Net-Worth Individuals (HNWI)
Zoe Financial is the premier network when it comes to matching high-net-worth individuals (HNWI) with their ideal wealth manager.
10/22/2020
Wall Street forecasts more asset managers will merge to survive
"After having been through a real scare with the COVID cycle, when there was another big market correction, people realized that it's time to think about where the industry ends up in five years."
10/22/2020
SEI Reports Third-Quarter 2020 Financial Results
Words can’t express our appreciation for their efforts, along with all of the healthcare and service providers who look after our health and well-being,” said Alfred P. West, Jr., SEI Chairman and CEO.
10/22/2020
Asset managers in $300bn drive to build private lending funds
Investors switch focus to credit funds as alternative to public markets flooded with stimulus money
10/21/2020
Hightower Invests in $800 Million Texas Wealth Manager
Hightower offers independent-minded advisory businesses a capital-rich partner and customizable suite of services
10/21/2020
Credit Suisse Advances Institutional Sustainability Initiative Through Partnership with Equilibrium
Equilibrium innovates and manages sustainability-driven businesses and the deployment of capital within the sustainable real asset and resource management spaces.
10/21/2020
UBS Americas Wealth Management Profits Jump
The unit, which focuses primarily on the U.S., reported record third-quarter profit before taxes of $371 million, up 12% from the year-earlier quarter.
10/21/2020
The new age of credit research
We are living in challenging times with COVID-19 impacting our social life as well as the financial world.
10/21/2020
Markets rise on US stimulus hopes; avoid ‘buy everything’ mindset
“The possibility of a fresh fiscal stimulus shot in the U.S. – the world’s largest economy – is acting as a catalyst in driving global stocks higher,” said Green.
10/20/2020
Global asset manager AuM tops $100 trillion for the first time
It also shows that, in the past decade, 232 asset manager names have dropped out of the ranking.
10/20/2020
Laidlaw Wealth Management Acquires Naples Wealth Planning
Naples Wealth Planning will continue to operate under their valued brand and will be led by Brian Bruneau.
10/19/2020
Brookfield Announces Strategic Partnership with American Equity Life
Establishes Brookfield as Cornerstone Investor and Reinsurance Counterparty of Leading Retirement Planning Annuity Provider
10/16/2020
Over half of next generation wealth holders are concerned they will lose their family fortunes, says survey
These insights are from a new survey – The next generation of global enterprising families: shaping tomorrow, today – by Campden Wealth, commissioned by RBC Wealth Management.