04/12/2019
Venezuela government intervenes at private bank after offshore affiliate closes
It will allow the bank to keep operating, but dividend payments, new investments, and new board appointments will be prohibited.
Wealth and Asset Management
04/11/2019
US high net worth market expanding at record pace: Cerulli
Managing the wealth of HNW clients - those with greater than $5m in investable assets - is understandably appealing to advisory practices; however, many firms lack the resources or capabilities to serve the high end of the market effectively.
04/11/2019
Technology: the M&A Influencer
Data integrity and well-documented processes also ease the transfer of a firm’s business to new owners and the onboarding of new users.
04/10/2019
Wealth Management Firm Opens Wilmington Office
The purchase of the Live Oak Bank unit “added to an existing service that we offer,” Brooks Campany, spokeswoman for Argent Financial Group, said Tuesday.
04/10/2019
Carlyle-backed art finance business sold for $170m
thena Art Finance to be acquired by Soros-backed investment platform YieldStreet
04/09/2019
JP Morgan Makes Big Wealth Management Push
Wealth management is a very good business if you can get assets, and it seems like JP Morgan is waking up to the fact that it has a better opportunity in the area than it formerly realized.
04/09/2019
Ellevest CEO: Women are not a niche market
Women are half of the population, how come they don't invest like it?
04/09/2019
Partners Group opens an office in Toronto
Our presence in Toronto will allow us to cater to increasing demand from a broad spectrum of Canadian institutions for private markets solutions.
04/09/2019
Deutsche Bank’s Wealth Unit Reveals Big Plans to Win UHNW and Family Office Clients
The company has named Todd Stevens as global head of the new unit and Dan Kaiser as regional head for the Americas, Deutsche Bank says.
04/08/2019
JP Morgan to Add 1,000 Financial Advisors
In particular, the firm is looking to expand in high-growth areas such as China, according to the annual report.
04/08/2019
Catalyst merges with Sionic Advisors
Market-leading financial services firms set to create global specialist consultancy
04/08/2019
Wealth Enhancement Group continues buying spree
Lightyear Capital-Backed Wealth Management Firm's Third Acquisition in Greater Philadelphia Area Adds Significant Incremental Scale to Regional Footprint
04/08/2019
Is your outsourcing strategy stifling your success? By Prashant Singh, SS&C
The same is happening in financial services outsourcing.
04/05/2019
J.P. Morgan CEO calls for ‘Marshall Plan for America,' floats higher taxes on wealthy
"Republicans need to acknowledge that America should and can afford to provide a proper safety net for our elderly, our sick and our poor, as well as help create an environment that generates more opportunities and more income for more Americans.
04/05/2019
Broadridge Launches Securities Lending Assessment Solution for Mutual Funds
The Securities Lending Board Insights reports are designed specifically for those who oversee (rather than carry out) securities lending arrangements.
04/05/2019
MCM Wealth Unveils New Website for Protective Alternative Investments
Wealth Management Firm Helps Investors Build Portfolios That Perform Well in All Market Conditions
04/05/2019
JPMorgan’s Wealth Target: 6,500 Advisors by Year-End
The majority are bank branch-based advisors in its mass-affluent Chase Private Client group, with about 2,800 additional advisers on JPMorgan Private Bank or J.P. Morgan Securities teams servicing high- and ultra-high-net worth clients.
04/04/2019
UBS Private Wealth Advisor Michael Matthews, Named #2 in Washington State
Michael has over 30 years of experience and is the founder of The Matthews Group at UBS.
04/04/2019
Asia’s global families and ESG driving Canadian private bank
Royal Bank of Canada Wealth Management sees the Asian wealth market as a key plank for a true global product offering, with the next generation of wealth holding different values
04/03/2019
New York Private Bank & Trust Forms Strategic Partnership With NorthRock Partners
The release pointed out that most recently, Howard Milstein and NYPB&T have increased their holdings in the golf world, including ownership of GOLF Magazine, GOLF.com, and the Nicklaus Companies (in partnership with legendary golfer Jack Nicklaus.