09/05/2018
Wells Fargo to restructure wealth management business
No final decisions have been made because that work continues
Wealth and Asset Management
09/04/2018
Live Oak Bank Launches Live Oak Private Wealth
As part of the Live Oak family of companies, Live Oak Private Wealth leverages technology, innovation and a state-of-the-art client experience to give this generation and the next tailored solutions to support and advance their objectives.
08/31/2018
Stratos Wealth Network adds USD1bn in client assets
Fast-Growing Group Hits $7.7 Billion in AUA and $5.6 Billion in Brokerage with Recruitment of Four Independent Practices to Platform
08/30/2018
Stronger Dollar Helps Morgan Stanley Surpass UBS As World's Second-Largest Wealth Manager
While UBS also has a sizable presence in the U.S., the two Swiss banks garner a significant share of the European wealth management industry.
08/30/2018
Henry Arnhold, Patriarch of a Storied Banking Family, Dies at 96
He was also a philanthropist who funded scholarships at the New School
08/30/2018
Wells Fargo’s FiNet Repositions After Sales Practices Scandal
The person who oversaw those operations, Charles Cornett, left Wells Fargo a year ago and currently serves as the director of business development for BNY Mellon’s Pershing Advisor Solutions, ThinkAdvisor writes.
08/29/2018
AFAM Capital Joins Kovitz Investment Group
Focus-supported merger expands capabilities and geography of combined firms
08/29/2018
UBS: Compensation Changes to Remain
UBS last year changed the way it pays its U.S.-based advisors on retirement accounts.
08/28/2018
Jason Burkey-Skye Named Regional Managing Director for Ascent Private Capital Management of U.S. Bank in Denver
Burkey-Skye has more than 13 years of experience in the wealth management industry, all served with U.S. Bank.
08/27/2018
Julius Baer Probes Venezuela Affair
The private banker helped rinse as much as $1.2 billion of funds from state-backed oil firm PDVSA, as finews.com reported last week. German-born Krull was snapped up by officials in July in Miami, and agreed to cooperate with U.S. justice officials last w
08/27/2018
CreditEase Wealth Management Announces the Establishment of Overseas Wealth Management Department
In 2018, CreditEase Wealth Management expanded the European market and branches, and obtained corresponding licenses in the local markets.
08/27/2018
Popular Bank launches new service for HNW clients
The business is said to have grown to around $325m in assets under management.
08/24/2018
Sanctuary Wealth Partners Acquires Winthrop Capital Management
Purchase Expands Sanctuary’s Holistic Platform to Serve Breakaway Teams in the Independent Market
08/24/2018
Sanctuary Wealth Partners acquires Winthrop Capital Management
Joining Sanctuary is a tremendous opportunity to take our business even further
08/23/2018
UBS Launches Social Impact Funds for Private Clients
The equity fund carries a management fee of 75 basis points, while the fixed income fund carries a 15 basis point fee.
08/23/2018
JPMorgan to lay off 100 in asset management division
The spokeswoman declined to comment on which roles or individuals would be involved.
08/23/2018
What Advisors Need to Know About Business Owners and Millennials
In an interview with ThinkAdvisor, David Murphy of Boston Private debunks a misconception about millennials.
08/23/2018
Six UBS Advisors Named to Forbes List of Top Next-Generation Wealth Advisors
Recognition of exceptional careers in Financial Services
08/22/2018
Wells Fargo pushed wealth advisors to use high-fee products, cross-sell
In mid-July, Yahoo Finance reported on increasing sales pressure in the wealth management sector of Wells’s Private Bank.
08/22/2018
Improving financial and physical health
Engaging and encouraging consumers to improve their financial and physical health.