07/17/2019
BNY Mellon Reports Second Quarter 2019 Earnings Of $969 Million
Our results this quarter also reflect our ongoing increased level of technology and product development investments
Wealth and Asset Management
07/17/2019
JPMAM assets climb 7.4% over year, 4% in quarter
In the year-earlier quarter, JPMAM had net inflows $21 billion, offset by performance losses of $9 billion.
07/17/2019
First Republic Reports Strong Second Quarter 2019 Results
Strongest Loan Origination Quarter Year-Over-Year Loans Increased 19%, Revenues Increased 10%
07/17/2019
‘Luminous’ Advisors Who Bolted First Republic Keep 88% of Assets
Much of their response focused on the high compensation costs and profit split of the team that catapulted First Republic into the wealth management limelight
07/16/2019
The benefits of outsourcing to Hong Kong in the context of the US/China trade war
Working with the ZEDRA Hong Kong Trade and Treasury team also adds another layer of support because we’re a trusted partner in what is likely to be a venture into a new jurisdiction.
07/16/2019
Raymond James Adds $600 Million FA in Houston
Raymond James provides the breadth and depth of resources and support we need to best serve our high-net-worth and ultra-high-net-worth clients, with a holistic offering to accomplish that.
07/16/2019
Americans Gain Heft in Swiss Wealth
Roughly half of the $80 billion managed by the New York-based giant are ultra-rich assets
07/16/2019
Schwab in Talks to Buy USAA Wealth, Brokerage Units, WSJ Reports
Schwab shares climbed 0.9% as of 2:40 p.m. in New York, paring earlier gains.
07/16/2019
2017 to 2019: How 50 Cities Scored on Supporting Women Entrepreneurs Then to Now
Building on annual research since 2010, Dell Technologies ranks cities based on the impact of local policies, programs and characteristics in addition to national laws and customs to help improve support for women entrepreneurs and the overall economy.
07/11/2019
BBVA among 2019 Best Banks for High-Net-Worth Families in the U.S.
Kiplinger evaluates and posts its special Best Banks listing once a year, based on data from Informa Financial Intelligence, including interest rates, fees, minimum-balance requirements, free perks and other features for a variety of deposit accounts.
07/10/2019
Warren Averett Asset Management Ranked as Top Financial Advisor
This is the second consecutive year that Warren Averett Asset Management has been included in the list.
07/10/2019
Investor services group’s leisure business acquires VOTA to expand services in United States
FNTC and FNTC America Ltd are both wholly owned subsidiaries of IQ-EQ, a leading investor services group that supports fund managers, global companies, family offices and private clients operating worldwide.
07/10/2019
Carson Wealth Adds $566 Million RIA in Florida
The companies didn’t disclose the financial terms of the deal.
07/09/2019
Global wealth continues to build beyond Europe
The ultra-HNWI population declined by 4%, and their wealth declined by around 6%.
07/08/2019
Saranac Partners launches wealth management service for US persons
The private client advisory firm, focused on ultra-high net worth individuals and families, now offers a comprehensive wealth advisory, investment management, lending solution and tax reporting service to US persons and green card holders residing outside
07/04/2019
Peapack-Gladstone to buy wealth management firm
The $4.7 billion-asset company said in a press release Wednesday that the deal, which should close in the third quarter, will be immediately accretive to its earnings
07/04/2019
Deutsche Bank in wealth management hiring spree
The company plans to boost the worldwide ranks of its relationship and investment mangers in the wealth management division by about a third, or 300 more people, by 2021, under a plan by Fabrizio Campelli, global head of Deutsche Bank Wealth Management, R
07/04/2019
LPL Lures Billion-Dollar Practice from Raymond James
The team previously managed $1.1 billion in brokerage, advisory and retirement plan assets at Raymond James Financial Services, the firm’s independent broker-dealer, LPL says.
07/03/2019
Family offices up their game
It is also estimated that there are about 5,300 single-family offices, of which three-quarters are in North America or Europe. In addition, there are many multifamily offices that service hundreds of wealthy families.
07/03/2019
Citibank Named “Best Bank for High-Net-Worth Families”
Being recognized by Kiplinger’s as the Best Bank for High-Net-Worth Families for a third-straight year affirms we are building a high tech, high touch relationship with our clients.”