Managers of Wealth Americas

US banks prioritised wealthy clients for SME rescue loans

Customers of Citi’s private bank, where the minimum account size is $25m, didn’t have to use an online portal to apply for a loan.

Billionaire Ray Dalio says coronavirus marks the start of a ‘new future’

Comparing the pandemic with other periods of economic hardship, such as the Great Depression, Dalio said the current downturn — painful as it is — would be “relatively brief” and would allow for a wider global “restructuring.

UBS Advisor Named to Financial Times List of Top 400 Financial Advisors

A graduate of the University of Florida, Stephens was on this list in 2016.

Hiring a Wealth Management Team

The important considerations for any affluent family looking to make the best and most well-informed decision about with whom to entrust their wealth.

Citigroup Cutting Ties With Anthony Scaramucci’s Hedge Fund of Funds

Move follows a loss of more than 20% in March by SkyBridge’s flagship fund

Why brand building is essential in times of precarity

The key to the popularity of these durable advertising campaigns was that they exercised a ‘feel good’ factor and prompted memories of better times.

Broadridge Announces $1.5 Million Commitment for Community Relief to Help Those Affected by COVID-19

Broadridge will directly donate an initial $1 million to support charities and schools globally

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.

Wealth and Asset Management