05/25/2018
Carlyle’s David Rubenstein Builds a Family Office With Ambitions Beyond the Family
The former White House staffer who became a leveraged-buyout legend will directly oversee Declaration Capital.
Wealth and Asset Management
05/23/2018
UBS latest to make push for young, diverse advisers
Wirehouse creates two new training programs and brings in a firm to help it find ethnically diverse candidates
05/23/2018
Canaccord Genuity opens new wealth management office
This development supports the Company's objective of selectively recruiting top industry talent in pursuit of growing its assets under management and administration and operating the premiere independent wealth management business in Canada.
05/23/2018
Advisory Firm Focuses On UHNW Latin Americans Coming To U.S.
The firm educates families on how to adjust to the elevated cost of living in the U.S.
05/23/2018
Sallie Krawcheck Focuses on Investment Through the Gender Lens
The CEO of Ellevest and chair of both Ellevate Network and Pax Ellevate Global Women’s Index Fund is all about elevating women in the global economy.
05/23/2018
Morgan Stanley CEO Wants to Double Asset Manager to $1 Trillion
The asset-management industry has seen a wave of mergers as investors’ shift to passive strategies has put pressure on firms to increase scale and cut costs.
05/21/2018
Global Private Banking Benchmark: Top 25 Firms By AUM
Just as a rising tide raises all boats, wealth managers were able to capitalize on favourable market conditions in 2017 as a core driver of growth.
05/21/2018
Family Offices Need Real Estate Due Diligence That's Real
If you were to ask a non-real estate family to examine a deal in their own field, they could size up the opportunity in a matter of minutes.
05/21/2018
Kestra Nabs $300M FA Team from Wells Fargo Advisors
“We’ve worked for years to develop and deepen our client relationships, even serving up to three generations of families, and believe moving toward independence will allow those relationships to grow,” Steve Battel says in the press rele
05/21/2018
JPMorgan opens alternative investments to those with US$100k
The JPM AM platform provides alternative investments such as hedge funds, real estate deals and private equity vehicles to high-net worth individuals.
05/17/2018
New Envestnet Insurance Exchange Integrates Insurance Solutions into Wealth Management Practice
Insurance solutions offer several advantages to goals-based investing including: tax deferral, death benefits, guaranteed income, principle protection and estate planning.
05/17/2018
RBC Wealth Management Aims to Build Diverse Advisor Force
The firm hired a dedicated recruiter to focus on bringing in more early-career and second-career candidates.
05/16/2018
The winners: Top Women in Asset Management Awards
The #MeToo movement has helped to not only uncover egregious abuses
05/16/2018
Iconiq Co-Founder Starts Rival Wealth Firm, Swipes at Conflicts
Boeding’s Epiq Capital will cater to ultra-wealthy clientele
05/15/2018
Is Envestnet’s market dominance also its weakness?
The always-opportunistic Envestnet insured itself a pole position in data aggregation and analytics, one of the sexiest tech areas in the business, by acquiring the innovative Silicon Valley firm Yodlee three years ago.
05/15/2018
Clients’ digital ways have advisers jumping headfirst into fintech
Startup financial-technology companies, commonly referred to as “fintech” providers, typically offer clients financial-service products that are more cost effective and easier to access than traditional bank offerings.
05/15/2018
Stifel Buys The Business Bank of St. Louis
Stifel buys Business Bancshares, John Hyland joins Bitwise and Yield Street is offering marine finance investments.
05/15/2018
Bank of Hawaii partners with Japan-based SMBC Trust Bank
The agreement includes discounted wire transfer services between Hawaii’s second-largest bank and SMBC Trust Bank
05/14/2018
Single-Family Offices Clandestine Investments In Private Companies
As more and more single-family offices are participating in conclaves where entrepreneurs congregate, they are joining these gatherings while not disclosing they are single-family offices.
05/14/2018
Peter Raimondi and Partners Launch Dakota Wealth Management
Raimondi's new firm, launching with more than $600 million in client assets, offers bespoke portfolios and high-touch service