10/20/2020
Laidlaw Wealth Management Acquires Naples Wealth Planning
Naples Wealth Planning will continue to operate under their valued brand and will be led by Brian Bruneau.
Wealth and Asset Management
10/19/2020
Brookfield Announces Strategic Partnership with American Equity Life
Establishes Brookfield as Cornerstone Investor and Reinsurance Counterparty of Leading Retirement Planning Annuity Provider
10/16/2020
Over half of next generation wealth holders are concerned they will lose their family fortunes, says survey
These insights are from a new survey – The next generation of global enterprising families: shaping tomorrow, today – by Campden Wealth, commissioned by RBC Wealth Management.
10/15/2020
Driehaus Capital Management Expands Relationship with Northern Trust with Appointment as Fund Administrator for Driehaus Mutual Funds
Through this expanded relationship, Northern Trust will provide fund accounting, fund administration, regulatory administration, transfer agency and global custody services to the Driehaus Mutual Funds.
10/15/2020
Boston Private Releases Survey on Threats to Family Offices
Wealthy families and family offices have long been targets for various threats, but the variety and complexity of those threats are growing dramatically.
10/15/2020
Merrill Wealth Slowly Eases Out of Covid Slump
“Net client flows” across the division fell 61% to $1.39 billion from the second quarter and were 75% lower than the $5.52 billion advisors attracted in last year’s third quarter.
10/15/2020
Appetite for ESG accelerates during pandemic: Royal Bank of Canada survey
This trend was also evident when respondents were asked about the ability of ESG integrated portfolios to generate long-term sustainable alpha and to mitigate risk.
10/14/2020
Luminary and UBS Wealth Management USA Announce the Launch of the UBS x Luminary Fellowship Program
Program aims to support companies founded by women of color who have been adversely affected by the COVID-19 pandemic
10/14/2020
Goldman Sachs' Digital Bank to Get a Know-How Injection
Talwar now aims to rebuild the digital bank into a financial platform, with the focus put on additional banking services and digital investment opportunities.
10/14/2020
Bank of America shares dip as the lender, pressured by low rates, misses on third-quarter revenue
That squeezes the spread that banks earn by taking in deposits and making loans.
10/14/2020
LPL Financial Selected as Finalist for MMI’s Wealth Manager Platform of the Year Award
MWP is LPL’s premier centrally managed platform offering fully diversified mutual fund/ETP models and guided by 15 institutional portfolio strategists, including LPL Research.
10/14/2020
Wealth management firms must walk the walk, says investor advocate
Response to IIROC consultation calls for industry to go beyond stock selection and traditional risk profiling, among others
10/13/2020
JPMorgan Chase posts surprise jump in profit on lower credit costs
Those improvements and a 9% gain in investment banking fees led to the most profitable quarter of 2020.
10/13/2020
Third Quarter 2020 Results and Key Metrics
Revenues decreased 7% from the prior-year period
10/12/2020
Wealth Management Companies You Can Trust, According To Their Clients
The six trust traits are the quality of products and services, commitment to protecting privacy and security, ethical practices and values, fair pricing and fees, customer service, and customer treatment.
10/09/2020
Mercer Global Advisors acquires Covington wealth management firm
Mercer Global Advisors was established in 1985 and has $21 billion in client assets.
10/09/2020
Maintaining Prosperity During Turmoil byJohn Vail, Nikko Asset Management
Investment Insights by our experts and thought leaders
10/09/2020
Mass affluent growth leads progress in scalable solutions
Olsen observes how the technology challenges asset managers face in Singapore and elsewhere are hard to generalise, since they largely depend on the nature of the particular business.
10/09/2020
Wealth Enhancement Group Buys $923M RIA In Upstate New York
The release noted that the firm specializes in helping families, business owners and other professionals protect and grow their assets, solve complex financial challenges and retire with confidence.
10/08/2020
Global Economics Intelligence executive summary
As China returns to near-normal activity, many economies experience an industrial revival led by manufacturing and trade; the public-health crisis remains an impediment to faster growth.