07/20/2017
Wealth management profits jump 30.5% at U.S. Bank
Profits from the businesses were even more robust, climbing 30.5% to $124 million from $95 million in the same quarter a year ago.
Wealth and Asset Management
07/20/2017
As Morgan Stanley hits wealth records, analysts ask how long it can last
Its pre-tax profit margin of 25 percent came in at the top of Chief Executive Officer James Gorman's targeted range of 23 percent to 25 percent by the end of this year.
07/20/2017
LPL Financial and Integrated Financial Group Welcome Strong Gaddy Lee Wealth Management
Strong Gaddy Lee Wealth Management reported that, based on prior business*, its advisors served approximately $351 million of client brokerage and advisory assets, as of June 1.
07/20/2017
Bank acquires wealth management firm
The transaction allows West Shore Bank to expand its wealth management services footprint to Kent, Ottawa and Muskegon counties.
07/20/2017
BNY Mellon profits rise in second quarter
We and our clients are just beginning to capitalize on the benefits of our strategy and investments in growth.
07/19/2017
The 10 RIAs Serving The Wealthiest Clients
The following slideshow lists, in ascending order, the name, location and assets per client for the top 10 RIA's in Financial Advisor's survey in terms of assets per client.
07/19/2017
Wells Fargo Asset Management buys Charlotte firm
Wells Fargo originally built a 65 percent stake in Golden Capital Management in 2011.
07/17/2017
Wealth Advisers Set Up Shop With a Shared Back Office
Amazon has disrupted the retail industry by revolutionizing shopping habits.
07/17/2017
Hamilton Lane Partners With Girls Who Invest to Build Pipeline of Women in Asset Management
Next year the organization plans to expand its reach even more.
07/17/2017
WealthSource Targets Tenfold Rise in Client Assets
The new company is among the youngest RIAs to make it to this year’s elite pool of the Financial Times 300 Top Financial Advisors.
07/17/2017
RIA Average Client Size Jumps $200K
The size of the assets of the new client, however, may have something to do with the size of the firm.
07/17/2017
Investment Management Consultants Association Focus on the Evolution of Indexing Event to Address Active vs. Passive Debate
IMCA's focus events are designed to help investment and wealth professionals explore significant issues facing the industry in an in-depth exploration of a single topic.
07/17/2017
Lawrence Ullman Announces Launch of New Independent Private Capital Manager Ullman Wealth Management Inc.
Our clients prioritize wealth preservation and the minimization of volatility, regardless of market conditions.
07/17/2017
$1 Billion Broker Targets $2 Billion at Independent Firm
He had been with Merrill Lynch the past six years; the firm confirmed his departure but declined to comment
07/13/2017
Mercer Advisors acquires $160 million RIA
Wealth Design Services in Rochester, New York, also provides tax services
07/12/2017
$1 Billion Merrill Lynch PBIG Team Partners With Dynasty
The Beverly Hills group caters to clients and lifestyles in the village known for Hollywood stars and UHNW families
07/12/2017
A $200 million Wells Fargo rep forms RIA
James Denholm III launches IronBridge Private Wealth in Austin
07/12/2017
Raymond James, LPL Cut Broker Compensation
The firm attributed the cuts, which go into effect at the end of September
07/11/2017
A $2.7 trillion money manager is backing an investment fund cofounded by Bono
The sum raised represents the largest investment in the private equity impact investment vehicle.
07/10/2017
CIBC adds to U.S. wealth management business with acquisition
Further extends CIBC's wealth management business and North American platform