Wealth and Asset Management

04/18/2019

Norway's wealth fund extends ownership of New York real estate

As part of the transaction, NBIM has also agreed to acquire a 48 percent interest in two to-be-constructed assets adjacent to two of the existing assets in the portfolio, currently solely owned by Trinity Church Wall Street, the fund added.

04/18/2019

Goldman Sachs looks to the masses to grow

New technology is opening the horizons of wealth managers that historically catered solely to the upper echelons of the world, allowing them to look to other segments to grow revenues.

04/16/2019

Goldman Expanding Wealth Management to the Masses

“We will pursue partnerships to engage the mass market,” Goldman Chief Executive David Solomon said on a conference call with analysts after the company reported first-quarter results that failed to meet analysts’ revenue expectations.

04/11/2019

US high net worth market expanding at record pace: Cerulli

Managing the wealth of HNW clients - those with greater than $5m in investable assets - is understandably appealing to advisory practices; however, many firms lack the resources or capabilities to serve the high end of the market effectively.

04/11/2019

Technology: the M&A Influencer

Data integrity and well-documented processes also ease the transfer of a firm’s business to new owners and the onboarding of new users.

04/09/2019

JP Morgan Makes Big Wealth Management Push

Wealth management is a very good business if you can get assets, and it seems like JP Morgan is waking up to the fact that it has a better opportunity in the area than it formerly realized.