03/21/2019
Wells Fargo could be putting more of its focus on wealth management
Speculation is mounting that the bank is dumping some lines of business to focus on just a few areas, including financial advice
Wealth and Asset Management
03/21/2019
Market pressure blurs the line between US asset and wealth managers
Should regulators step in? Time will tell and no doubt there will be some bad actors
03/21/2019
Blucora to purchase tax-focused wealth manager
The transaction, which is expected to be accretive to Blucora’s earnings per share and free cash flow, brings together two leaders in the tax-focused wealth management space.
03/20/2019
Janney to acquire FIG Partners
The transaction, expected to close in the second quarter, is Janney’s second investment bank acquisition in less than 12 months, following the addition of HighBank Advisors in May 2018.
03/19/2019
Hong Kong voted world's top international financial centre
BVI recorded growth in new incorporation volumes, with 11.2% in the first nine months last year.
03/19/2019
Andrew Graham launches SEC Registered Investment Advisor and fiduciary firm Jackson Square Capital
Jackson Square Capital advises over $250 million in assets under management.
03/15/2019
Morgan Stanley Widens Roles of Finn, Other Wealth Executives
The new unit will include Morgan Stanley Wealth’s call-center business for less affluent investors that has been rebranded Virtual Advisor and its “robo” automated investment platform called Morgan Stanley Access Investing.
03/15/2019
CrossleyShear Wealth Management's Evan Shear Recognized as an NFL Players Association Registered Financial Advisor
Recognition follows recent launch of the practice's CSsports division
03/15/2019
Wealth managers ignore 401(k) plans at their peril
Wealth managers may scoff at 401(k) clients but they become susceptible to losing current clients as a result
03/15/2019
UBS Global Wealth Management president says the future of US citizens is at risk if we don't repair decaying bridges and outdated transit systems
In this op-ed, he says if the US doesn't invest in next-generation infrastructure, the well-being of our citizens is at risk.
03/15/2019
Gorman Spends Big To Reach Next-Gen Wealth
Everyone wants a piece of the millennial market.
03/15/2019
BTG Pactual adds 3 fund houses to offshore wealth platform
More recently, Shinohara and his team have been focusing their efforts on the platform's alternatives offering.
03/14/2019
Morgan Stanley Merges U.S. Private and International Wealth Units
Morgan Stanley has “refocused and repositioned” its international wealth management business over several years “to serve a higher net worth client segment”
03/14/2019
Wealthy CEOs and hedge-fund managers are flocking to Miami for the tax breaks, and it's creating massive waiting lists at the area's elite private schools
Several top private schools in the area told Business Insider that they've seen increased interest from families moving from these states.
03/14/2019
Number of U.S. Millionaires Grows in 2018, for 10th Straight Year
While the report charts steady growth in household wealth in 2018, continuing an upward trend since the 2008 recession, there was still slower growth than in 2017, according to the report.
03/13/2019
Ora Citron Private Wealth Management merges with The Diamond Group
“We have known each other for several years and admire how similar our values and the processes that we both use to serve our clients.”
03/12/2019
High-net-worth investors not impressed by mobile wealth management apps
Apps are still too text-heavy and difficult to navigate, J.D. Power study finds
03/12/2019
AllianzGI reveals growth plans for LatAm wealth market
The input that I was receiving... was you need to be local.
03/12/2019
Morgan Stanley int'l wealth head exits as firm reorganizes business
The firm said it is combining the businesses to help the firm focus on serving wealthier international clients.
03/12/2019
Better asset management ‘could boost public services revenue’
Harris said IMF research had found that while countries have very large assets – 220% of GDP globally – these are not being used to generate any revenue and are not managed properly.