10/22/2019
Canaccord Genuity completes Australian deal
Business combination creates a leading Australian financial services firm with an expanded national footprint and a powerful offering for its combined clients
Wealth and Asset Management
10/22/2019
UBS Advisor Michael S. Matthews, Named to Forbes List of America's Top 100 Wealth Advisors 2019
Recognition of an exceptional career in Financial Services
10/22/2019
Rockefeller Lures UBS Advisor in Los Angeles with $600-Million Book
He is the second broker to join Rockefeller’s Los Angeles office, and the 13th to join the private wealth management arm of the business whose name screams family wealth since Fleming took the reins in early 2018.
10/21/2019
SEI Investments: A Wonderful Business At An Attractive Price
"We believe that SEI Investments will continue to see multiple industry tailwinds to drive the growth of the total market."
10/18/2019
Morgan Stanley Sheds More Advisors
The wealth management unit’s net revenue came in at $4.36 billion, down from $4.40 billion a year earlier.
10/18/2019
Jersey Finance launches New York office
The launch event, held at The Peninsula New York on 16 October
10/18/2019
Morgan Stanley’s Revenue Growth Rate Will Be Notably Lower Over Coming Years
In 2019, Morgan Stanley’s Institutional Securities division is expected to contribute roughly $19.3 billion (48%) to its Total Revenue estimate of $40 billion, which is 4% less than the 2018 figure of $20.1 billion.
10/17/2019
Merrill Adds Advisors, New Clients
These salaried employees work in Bank of America branches or at call centers, where they assist clients of the Merrill Edge digital offerings.
10/17/2019
EP Wealth Advisors snaps up CPIC International
Acquisition expands EP Wealth’s presence in the San Francisco Bay area and bolsters in-house investment management expertise
10/17/2019
Morgan Stanley notches strong quarter as bond trading surges
Revenue from fixed income sales & trading offsets decline for wealth management
10/16/2019
JPMorgan wealth income dips in third quarter
JPMorgan chairman and CEO Jamie Dimon said that in “Asset & Wealth Management, both AUM and client assets were a record helped by strong net inflows into long-term and liquidity products”.
10/16/2019
How to Combat the ‘More Money, More Problems’ Trap
When net worth grows beyond $15 million, the question about what to do with all the money grows ever larger. It is not an easy one to answer.
10/15/2019
BNY Mellon's Pershing Unveils New, Centralized Portal for Investment Managers
The new portal enables clients to easily manage and deliver models
10/15/2019
Wells Fargo Reports Third Quarter 2019 Net Income of $4.6 Billion
Diluted EPS of $0.92 included the impact of a discrete litigation accrual of $(0.35) per share and a gain on the sale of our Institutional Retirement and Trust business of $0.20 per share
10/14/2019
Inside JP Morgan, Moving On From WeWork is Proving to Be a Messy Proposition
But Erdoes has been a fixture when it comes to WeWork-related matters at the bank, according to sources with knowledge of the discussions—a testament to how deep ties have run between America’s largest financial institution and the coworking s
10/10/2019
CIO aims to harness 'magic' of compounding
It’s poised to open its funds up to advisors and is in talks with various banks to add to its current availability with Royal Bank.
10/09/2019
Credit Suisse Considers Return to U.S. Private Banking After Exit
Tidjane Thiam, chief executive officer of Credit Suisse Group AG, pauses during an interview at the European Capital Markets at Bloomberg’s European headquarters in London, U.K., on Wednesday, March 21, 2018.
10/09/2019
Two Teams from Morgan Stanley Join Forces to Launch The Wealth Alliance – a Registered Investment Advisor
The Wealth Alliance delivers comprehensive planning, fair-minded advice and attentive and knowledgeable service – empowering advisors and clients to more effectively work together to achieve new levels of success.
10/08/2019
UBS's Jason Stephens Named to Forbes List of America’s Top Wealth Advisors
The 250 advisors on this year's list manage nearly $1 trillion in client assets
10/08/2019
Sanlam Investments launches US Absolute Return Fund
Tom Carroll, Head of Asset Management at Sanlam Investments said: “It remains a hugely challenging environment for investors seeking positive returns amid volatility.