08/04/2017
Wealthy clients failed by direct carriers’ one-size-fits-all approach
It’s because the majority of high net worth clients tend to be with a direct carrier like an Allstate or a State Farm.
Wealth and Asset Management
08/03/2017
$7 Billion RIA Ronald Blue Sold To Thrivent Trust
Until a new name is chosen, the company will continue to be known as Thrivent Trust Company.
08/03/2017
Chinese Wealth Manager Plans Branches in Australia and Canada
China is not telling entrepreneurs don’t do anything outside
08/03/2017
Why High-Net-Worth Investors Seek Increased Real Estate Allocations
Real estate investing today vs. in past cycles is buoyed by a predictable debt and equity market and transparency.
08/02/2017
Bradley and Andrew Barnes Launch Entruity Wealth
For the firm's highest net-worth clients the Entruity team takes an active approach that is more highly levered, with greater risk and the potential for higher returns.
08/02/2017
LGT Vestra US Teams Up with NFL'S Jacksonville Jaguars as an Official Founding Partner in the UK
LGT Vestra US was established to meet the growing need from clients with a transatlantic footprint for suitable investment solutions.
08/02/2017
CI Financial reports assets under management
CI's average assets under management for the quarter-to-date were $120.6 billion, versus $122.7 billion for the second quarter of 2017.
08/02/2017
Raintree Capital launches Raintree Wealth Management
Raintree Wealth Management takes a long-term perspective.
08/02/2017
JPMorgan Chase to downsize uks private banking operation
The merger would result in JPMorgan’s wealth management division becoming enjoined with the lender’s EU parent company.
08/02/2017
Royal Bank of Canada Looks to the U.S. for its Next Growth Phase
The domestic market has been performing well of late and continues to drive the bank’s performance.
08/02/2017
Canaccord Genuity Group Inc. Reports First Quarter Fiscal 2018 Results
The progress we are making to adjust our business mix and increase contributions from our global wealth management businesses is evident in our first quarter results.
08/02/2017
PCAOB Announces $1 Million Settlement with PricewaterhouseCoopers for Violations in its Examination and Audit of Merrill Lynch’s Compliance with the SEC Customer Protection Rule
PwC failed to fulfill its obligations during a period when Merrill Lynch exposed billions of dollars of customer assets to claims of its creditors.
08/02/2017
Hewins Financial Advisors' Patrice Cresci Emerges in the Top 25 of Forbes' Inaugural List of the Nation's Top Millennial Wealth Advisors
Millennials, defined by Forbes as those born after 1980
08/01/2017
Wealth Manager Opens in Tokyo
The company has been granted a license to provide alternative investments and asset management services to accredited investors, with operations expected to commence from a Tokyo location during November 2017.
08/01/2017
Wealth management industry reviews compensation (again)
UBS Americas head says cost of hiring too expensive; fees and salaries based around AuM rather than product.
07/31/2017
Notre Dame Partners With Girls Who Invest
The school says the number women investment managers in asset management has decreased from 10 percent in 2009 to less than 7 percent today.
07/31/2017
Environmental Risk Managers introduce pollution insurance for high net worth clients
Based upon your risk appetite/tolerance, does it make fiscal sense to transfer your environmental liabilities for fractions of a cent on the dollar to the ERMI HNW Pollution Insurance Program
07/27/2017
Raymond James posts 3Q profit
The results generated in the quarter were largely attributable to growth of client assets as a result of both net recruiting of financial advisors and market appreciation, strong investment banking revenues, and the positive impact from higher short-term
07/27/2017
Goldman Partners With Fidelity to Offer Loans to Wealthy Clients
The effort is the latest from Goldman Sachs to take advantage of a banking license it acquired during the financial crisis
07/27/2017
Lazard profit beats on record advisory, asset management revenue
Lazard's record operating revenue underscores the power of our model and the global breadth and depth of our franchise," said Kenneth M. Jacobs, Chairman and Chief Executive Officer of Lazard.