Managers of Wealth Americas

Morgan Stanley reports drop in profit, but wealth management gains

The bank reported pre-tax profit margin of 28.2per cent for the business, just above the high end of its 26per cent to 28per cent target.

BTIG Prime Brokerage expands unit dedicated to family offices

Many of these families are self-directing their investments in both the public and private markets and partnering with reliable counterparties including Prime Brokers to improve operational efficiencies within their businesses.

Wealth Enhancement Group expands

Lightyear Capital-Backed Wealth Management Firm's Acquisition of Independent Financial Advisory Business with more than $1 Billion in Client Assets is its 13th in Past Six Years

Charles River Forms Wealth Client Advisory Board

The launch of the newly formed Client Advisory Board marks Charles River’s 10th anniversary as a leading wealth management platform provider.

Edelweiss falls 5% on plans to offload stake in wealth business

The company is in advanced talks with US-based Kora Management to sell 20 percent stake in Edelweiss Wealth Management for a consideration of about Rs 2,000 crore, as per reports

BNY Mellon Reports Second Quarter 2019 Earnings Of $969 Million

Our results this quarter also reflect our ongoing increased level of technology and product development investments

JPMAM assets climb 7.4% over year, 4% in quarter

In the year-earlier quarter, JPMAM had net inflows $21 billion, offset by performance losses of $9 billion.

First Republic Reports Strong Second Quarter 2019 Results

Strongest Loan Origination Quarter Year-Over-Year Loans Increased 19%, Revenues Increased 10%

‘Luminous’ Advisors Who Bolted First Republic Keep 88% of Assets

Much of their response focused on the high compensation costs and profit split of the team that catapulted First Republic into the wealth management limelight

The benefits of outsourcing to Hong Kong in the context of the US/China trade war

Working with the ZEDRA Hong Kong Trade and Treasury team also adds another layer of support because we’re a trusted partner in what is likely to be a venture into a new jurisdiction.

Raymond James Adds $600 Million FA in Houston

Raymond James provides the breadth and depth of resources and support we need to best serve our high-net-worth and ultra-high-net-worth clients, with a holistic offering to accomplish that.

Americans Gain Heft in Swiss Wealth

Roughly half of the $80 billion managed by the New York-based giant are ultra-rich assets

Schwab in Talks to Buy USAA Wealth, Brokerage Units, WSJ Reports

Schwab shares climbed 0.9% as of 2:40 p.m. in New York, paring earlier gains.

2017 to 2019: How 50 Cities Scored on Supporting Women Entrepreneurs Then to Now

Building on annual research since 2010, Dell Technologies ranks cities based on the impact of local policies, programs and characteristics in addition to national laws and customs to help improve support for women entrepreneurs and the overall economy.

BBVA among 2019 Best Banks for High-Net-Worth Families in the U.S.

Kiplinger evaluates and posts its special Best Banks listing once a year, based on data from Informa Financial Intelligence, including interest rates, fees, minimum-balance requirements, free perks and other features for a variety of deposit accounts.

Warren Averett Asset Management Ranked as Top Financial Advisor

This is the second consecutive year that Warren Averett Asset Management has been included in the list.

Investor services group’s leisure business acquires VOTA to expand services in United States

FNTC and FNTC America Ltd are both wholly owned subsidiaries of IQ-EQ, a leading investor services group that supports fund managers, global companies, family offices and private clients operating worldwide.

Carson Wealth Adds $566 Million RIA in Florida

The companies didn’t disclose the financial terms of the deal.

Global wealth continues to build beyond Europe

The ultra-HNWI population declined by 4%, and their wealth declined by around 6%.

Saranac Partners launches wealth management service for US persons

The private client advisory firm, focused on ultra-high net worth individuals and families, now offers a comprehensive wealth advisory, investment management, lending solution and tax reporting service to US persons and green card holders residing outside

Wealth and Asset Management