Managers of Wealth Americas

Northern Trust gets boost from investment arms of wealthy families

Dealing with large family offices, they are looking for safety and security, conservative, strong balance sheets.

2020 outlook for asset & wealth management industry

The topics of consolidation, regulation and innovation are front and center

Crestbridge and Willow Street announce fiduciary services US joint venture

A joint venture between international family office services provider Crestbridge and Wyoming-based Willow Street will establish an enhanced proposition for clients.

Best-in-state Wealth Advisors

Wealth advisors on our 2020 list manage more than $4 trillion in client assets.

Duff & Phelps to be acquired by global consortium

New Ownership Structure Led by Stone Point Capital and Further Global to Support Long-Term Growth

Fiduciary Trust to Acquire Pennsylvania Trust, Bolstering its National Footprint and Suite of Client Solutions

The acquisition will strengthen Fiduciary Trust’s already robust offerings for servicing multiple generations of high-net-worth and ultra-high-net-worth clients

Scotiabank Releases Revised Q4 2019 Supplementary Financial Information Package Reflecting Previously Announced Business Realignment

The pages in the Supplementary Financial Information Package impacted by the establishment of Global Wealth Management as a distinct business line are summarized in the Notes section.

European Banks: Performance Anxiety?

The sum may be paltry in the context of the American bank’s other businesses but put it in the same category as European players such as Julius Baer which had less than $500 billion in assets at the end of 2019.

Citi Private Bank Hails Fernando Alonso on His Impressive Maiden Dakar Rally

Motor racing’s multiple world champion has again proved his incredible versatility in the iconic race in Saudi Arabia’s desert

UBS Loses 300 FAs in Americas Wealth Unit YoY

Invested assets in the Americas rose to $1.4 trillion at the end of the fourth quarter, up from $1.3 trillion in the third quarter of 2019 and $1.2 trillion in the fourth quarter of 2018, according to the report.

Bank of America to double adviser force in wealth push

Bank of America's wealth management unit, which includes Merrill Lynch and its Private Bank, saw total client balances jump 16% from last year to $3trn.

It will get tougher for the rich in US

They had a party going all through the last decade and it’s coming to an end

Goldman Sachs Posts Robust AUM Growth in New Consumer and Wealth Segment

While net revenue in the unit overall was $5.2 billion for all of 2019, wealth management revenue was $4.34 billion, which was 5% lower than in 2018, which the firm attributes to “significantly lower Incentive fees and slightly lower net revenues in

Regions Financial (RF) Misses Q4 EPS by 1c

Generated highest annual pre-tax pre-provision income since 2007

Why Banks Should Be Taking Clients’ Soft Assets Into Account

Financial institutions' knee-jerk reaction to these developments has been to rapidly try to identify other possible areas of monetization and develop financial products and services around these.

Goldman Reveals It’s Still A Small Player In Pursuit Of Wealthy

Goldman’s new focus on wealth management and consumer banking is part of his effort to make it less reliant on trading revenue and more responsive to financial trends such as the boom in alternative assets.

Citi private banking revenue eases in fourth quarter

On the whole, Citi had a total revenue of $18.4bn in the fourth quarter of 2019.

Robo vs financial advice: Battle of the Canadian wealth market

Questions being raised about whether tech start-ups can dominate in the HNW sector

Cerity Partners Announces Merger with $3 Billion AUM Wealth Management Firm, EMM Wealth

Lloyd Abramowitz adds, "We found Cerity Partners to be the perfect partner for EMM Wealth as they share our belief that effective wealth management extends beyond monetary assets to every aspect of life that wealth touches."

JPMorgan sees net income up 30% year-on-year

This was attributed to higher investment valuations and average market levels, and also deposit and loan growth.

Wealth and Asset Management