06/03/2019
Merrill Lynch adding human advisers to Guided Investing robo
The advisers will fill a service gap between the firm's purely digital, self-directed robo-adviser and the full-service advisers of Merrill Lynch
Wealth and Asset Management
05/31/2019
How Tech Opportunities Are Connecting Wealthy Chinese Investors to U.S.
People fail to understand that China is actually an emigration-friendly nation and about half of high-net-worth individuals in the country want to leave,” says Andrew Henderson of Nomad Capitalist
05/31/2019
2019 Wealth Professional Awards winners announced
Hundreds of standout industry professional attended the event to recognise their peers and celebrate their achievements over the past 12 months.
05/29/2019
TMD & Associates To Join Focus Partner Firm One Charles Private Wealth
Through this transaction, TMD and One Charles will integrate their collective resources and expertise to enhance the service offerings to their clients.
05/29/2019
MacKenzie Bezos Signs ‘Giving Pledge’ to Donate Half Her $37 Billion Amazon Fortune to Charity
Jeff Bezos, who will remain the richest individual in the world even after the divorce, has not signed on to the Giving Pledge to date.
05/29/2019
Swiss firm partners with Brazil advisors for offshore services
The company is in conversations with over 45 firms and is seeking to have 200 partnerships by year-end, said Vinicius Geromel, a portfolio manager at the firm who is leading the effort.
05/29/2019
Canaccord Genuity makes strategic investment in AI-powered hedge fund
The investment will enable Castle Ridge to expand its distribution channel with Canaccord Genuity Wealth Management, which manages over $60 billion in client assets in Canada, the UK & Europe and Australia.
05/28/2019
UK wealth manager seals US strategic partnership
The firm said the acquisition “creates an exciting new strategic partnership for Kingswood to scale and cross-sell its services internationally”.
05/27/2019
Goldman Sachs to speed up push into US wealth management
Acquisition of United Capital part of effort to take on Schwab and Morgan Stanley in $28tn market
05/24/2019
Melinda Gates is funding this Wall Street rebel who is teaching women to invest and stick it to the banks
Sallie Krawcheck held top posts at Citigroup and Merrill Lynch but was pushed out from both.
05/24/2019
David Tepper Sees Path for Family Office
Tepper founded Appaloosa in early 1993, aggressively trading his own personal account in hopes to lure third-party capital.
05/22/2019
Broadridge to Acquire Canadian Wealth Management Technology Provider RPM Technologies
The closing of the transaction is subject to the completion of an intercompany reorganization by RPM Technologies and standard customary closing conditions.
05/21/2019
Citywealth Names Katten International and US Law Firm of the Year
The Citywealth Magic Circle Awards are based on nominations that illustrate services provided, case studies, in-depth knowledge, and leadership and vision, among other areas.
05/21/2019
Goldman Sachs’ Wealth Shift
Goldman Sachs didn't get quite that specific in its statement on the deal
05/20/2019
Despite High Satisfaction Rates Among HNW Investors, FAs Need to Set Themselves Apart
To that end, the survey also polled investors on what they consider the essential traits for an advisor.
05/17/2019
Goldman Sachs makes biggest acquisition in nearly 20 years
Major acquisitions have been rare in the post-crisis world as Wall Street firms focus on avoiding the wrath of regulators and politicians.
05/17/2019
Wealthy Chicago clans connect to invest
Chicago families with more than $1 billion to invest are pooling their fortunes for bigger investments.
05/16/2019
Family Offices Grow Their CRE Holdings
Current conditions in the capital markets are prompting high-net-worth individuals to fill in gaps left by other funding sources, according to Lonnie Vidaurri of Starpoint Properties.
05/16/2019
UBS Eliminates More Than 150 Jobs as It Reviews Staffing
Cutting back-office costs has been a focus of UBS and its crosstown rival Credit Suisse Group AG for years.
05/15/2019
Hines & Warner Wealth Management to Join Focus Partner Firm Vista Wealth Management Group
The combination of the two firms also promotes continuity of service for Hines Warner and their clients as they join a like-minded organization in Vista.