Managers of Wealth Americas

UBS loses $300M team to Stifel as wirehouse exodus accelerates

The team’s clients include early stage investors and ultrahigh-net-worth individuals.

Wells Loses Large-Asset Team in Connecticut, $225-Mln-Asset Broker in Arizona

The pair oversaw almost $1 billion, said two people familiar with their practice, which services business owners, endowments and foundations, families, nonprofits and retirees.

Schwab Intelligent Advisory™ Named Winner of a Celent 2018 Model Wealth Manager Award

Celent is a global research and advisory firm for the financial services industry.

Merrill Lynch Team Brings $380M To DA Davidson

“We look forward to welcoming the team to the D.A. Davidson family and supporting our continued growth strategy in Colorado and beyond.”

More family wealth stays local with family offices

Number of local family offices has grown significantly in past 15 years

Why the family office is on the rise

Returns from private-equity funds have been flat in recent years, according to a 2016 report by the Washington-based Center for Economic and Policy Research titled "Are Lower Private Equity Returns the New Normal?"

UBS continues to cut loans to recruits, while increasing compensation to brokers

The wirehouse is sticking to its strategy of recruiting less and paying existing brokers more

Atria Wealth Acquires $23 Billion IBD

Atria’s acquisition of Cadaret, Grant will build upon the firm’s three decades of industry leadership, expertise and service to deliver one of the most competitive and powerful offerings in the independent wealth management industry.

HighTower to Acquire Salient Private Client

HighTower Enters Texas Market, Adds $4.5* Billion in Client Assets and Trust Capabilities

Wells Fargo Loses Reps to Raymond James, BNY Mellon

Wirehouse Wells Fargo has lost two financial advisors in Wisconsin and a senior trust team manager of its private bank unit in California.

Forbes names Morton Wealth Management to best-in-state advisor list

North Carolina firm ranks among best financial managers in the state and across the U.S.

Matthew Mellon: billionaire banking heir dies aged 54

Mellon reportedly was attending a rehabilitation center in Mexico to deal with an admitted opioid dependency

HighTower To Acquire $4.5 Billion Salient Private Client

In an interview with Financial Advisor on Tuesday afternoon in New York, Weissbluth said that Salient was attractive to HighTower for a number of reasons.

UBS aims for 25% increase in advisors at wealth center

UBS Advice Advantage, built in collaboration with tech developer SigFig over a roughly 18-month period, has a minimum investment of $10,000 and an advisory fee of 75 basis points.

BlackRock, Inc. to Acquire Private Credit Manager Tennenbaum Capital Partners

Strengthens BlackRock's credit platform to provide more diverse range of solutions for clients

Morgan Stanley Wealth Management Reports Record Profits

Morgan Stanley’s wealth management division had a record quarter for pre-tax profits, although advisor headcount declined slightly.

PNC Bank snaps up BNY Mellon’s wealth chief

The executive realignment will provide greater focus to each of the two groups, a PNC spokeswoman said.

Wall Street’s $6 Trillion Man Fink Is Finally Worth $1 Billion

The broad outlines of their twin careers are by now well-known.

Bank of America wealth unit net income surges 34% in Q1

Assets under management totalled $1.08 trillion at the end of March 2018, versus $946.778bn a year ago.

Merrill Lynch notches record revenue of $4B

Merrill Lynch's advisor headcount, at 14,829, was up 2% from the year-ago period but down 1% from the prior quarter. The company said the slight quarter-to-quarter decline was due to seasonal trends, which led to fewer hires into its training program

Wealth and Asset Management