Managers of Wealth Americas

UBS loses 248 advisers in the Americas over past year

Meanwhile adviser annual productivity reaches new peak of $1.35 million

Wealth management M&A activity at record clip in first half of the year

RIA transactions were up 49 percent from the first half of 2018, and assets transacted increased 55 percent.

Wealthy Americans are increasingly willing to invest, new UBS survey finds

The survey, which polled more than 3,800 wealthy investors and entrepreneurs in 17 countries, also shows US investors remain positive on the U.S. stock market but continue to rank politics and the national debt as top concerns.

Stratos Wealth Advisors Reports 102% Second Quarter Growth

Since its inception, Stratos Wealth Advisors has grown to 27 advisors and has 16 offices in 10 states.

LPL Financial Welcomes Charton Financial Group

He joins from FMS Financial Partners, an affiliate of Kestra Financial Partners.

Convergence of retirement and wealth management is next 'battleground'

The ultimate goal is to engage all 401(k) participants by offering in-plan financial advice

Morgan Stanley’s rich clients withdrew a surprising amount from accounts to pay their taxes

The firm’s wealth management business was hit by an unexpectedly high outflow of deposits in the second quarter, according to CFO Jonathan Pruzan.

Morgan Stanley reports drop in profit, but wealth management gains

The bank reported pre-tax profit margin of 28.2per cent for the business, just above the high end of its 26per cent to 28per cent target.

BTIG Prime Brokerage expands unit dedicated to family offices

Many of these families are self-directing their investments in both the public and private markets and partnering with reliable counterparties including Prime Brokers to improve operational efficiencies within their businesses.

Wealth Enhancement Group expands

Lightyear Capital-Backed Wealth Management Firm's Acquisition of Independent Financial Advisory Business with more than $1 Billion in Client Assets is its 13th in Past Six Years

Charles River Forms Wealth Client Advisory Board

The launch of the newly formed Client Advisory Board marks Charles River’s 10th anniversary as a leading wealth management platform provider.

Edelweiss falls 5% on plans to offload stake in wealth business

The company is in advanced talks with US-based Kora Management to sell 20 percent stake in Edelweiss Wealth Management for a consideration of about Rs 2,000 crore, as per reports

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

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.

First Republic Reports Strong Second Quarter 2019 Results

Strongest Loan Origination Quarter Year-Over-Year Loans Increased 19%, Revenues Increased 10%

‘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

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.

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.

Americans Gain Heft in Swiss Wealth

Roughly half of the $80 billion managed by the New York-based giant are ultra-rich assets

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.

Wealth and Asset Management