Managers of Wealth Americas

Who are the 15 youngest billionaires in America, and which is the richest

Collectively these young people are worth more than US$100 billion – and some of the richest are, surprisingly, not household names

Major Challenges Ahead

Equities should be lower but calling a top in the current recovery is challenging.

ZEDRA Fund services announces $230m LATAM fund win

Ryan Taylor, Director of ZEDRA Fund Services explained, “We have proven and significant experience in the small and mid-tier alternative funds administration sector."

Significant rise in clients in Latin America requesting succession planning, reports ZEDRA

While not linked directly to the Covid-19 outbreak, Zedra believes the publicity surrounding the pandemic has acted as a catalyst, prompting clients to review how their estates will be managed.

Pandemic Dents Morgan Stanley Wealth Management’s Numbers

Morgan Stanley Wealth Management saw $18.4 billion of net flows into fee-based accounts, up 24% from the net inflows recorded a year earlier.

Quantum Private Wealth launches operations in US

The firm further noted that it will offer customised advice depending on each customer’s short-term liquidity requirements and long-term goals.

Managers of Wealth Appreciates its Advertisers

We’d like to express gratitude to our fantastic sponsors here at Managers of Wealth.

Keep moving and motivated with #cando

We’re creating a series of active and wellbeing videos, working with the fantastic TeamedUp and their Olympic and Paralympic athletes

Review of the Week: The Bramble Bush

With the virus outbreak still in full swing, some Western nations are already mulling a relaxation of lockdown.

Bank of America profits slump 45% as it braces for a surge in bad loans

Bank of America reported first-quarter earnings on Wednesday that beat analysts' revenue expectations but fell short of their earnings per share forecasts.

Goldman’s profit tumbles 46%, but bank posts strongest bond-trading results in 5 years

“Revenues increased in investment banking, global markets and consumer and wealth management. However, the bank took a bath in asset management.”

Objectway offers Licence Free Period for WealthTech Suite

The rapid escalation of COVID-19 outbreak has forced us to test our business continuity plans

Protecting your art investment in the age of coronavirus (COVID-19)

While the art market has continued to be robust since that time, it took almost ten years to recover. In 2017, the global sales numbers were only then reaching their pre-2007 highs.

JPMorgan 1Q profit plunges as virus causes massive losses

The last time JPMorgan had to set aside that amount of money to cover potentially bad loans was the first quarter of 2009 — in the depths of the Great Recession.

Pope Francis Starts Emergency COVID-19 Fund

“The private sector is likely to respond to the highest bidder for many of these supplies, that’s just business.”

Banking on Brazil: Asset managers circling LatAm’s biggest market

‘Brazil has always been a very attractive market, but one that has admittedly been very difficult for international asset managers to penetrate,’ Marilyn Foglia, the Latin America head for UBS Asset Management, says.

Goldman Tells Rich Clients U.S. Stocks Promise Best Returns

Strategists expect a V-shaped economic rebound after crisis

Why patience is a virtue by Canaccord Genuity Wealth

Very little has been priced into corporate earnings yet, to reflect the massive drop in economic activity which has started in western countries.

UBS launches new client initiative providing access to the Small Business Administration's Paycheck Protection Program

The firm developed a solution enabling small businesses to participate in the PPP.

First Republic Bank Announces First Quarter 2020 Earnings and Conference Call Date

First Republic Bank will conduct a conference call

Wealth and Asset Management