Managers of Wealth Americas

JPM wealth arms fined $307m over client disclosure failings

JP Morgan has admitted disclosure failures and will pay the SEC $267 million in penalties and disgorgement.

CIBC Possibly Eying Greater Role In U.S. Wealth Management Space

Chief Executive Officer Victor Dodig has sought to expand CIBC’s U.S. wealth-management business, earmarking as much as C$4 billion $2.87 billion as recently as October to pursue takeovers.

Credit Suisse Claims UBS Raided Staff

Roughly 70 of 300 brokers left for UBS in recent months

UBS Boosts Bonuses for Top Teams in 2016

All members of a team meeting the hurdles will individually receive payouts based on what the team’s highest producer receives, UBS says

Wells Fargo to Nudge Brokers to Get Bigger Clients

Change is bank’s latest push to compete for clients who have millions of dollars in assets

HazelTree and Goldman Sachs Asset Management Announce Strategic Partnership to Help Investment Managers Manage Cash Holdings

Rules-based “sweep” developed in response to banks’ compliance with Basel III guidelines

The 13-Year Contract Vexing Credit Suisse Brokers

Those who take the offer must remain at Wells Fargo for 13 years to earn the full payout of bonuses tied to the agreements, much longer than the industry’s typical nine-year deal

China 'to move £500bn sovereign wealth fund to New York'

CIC shifts focus to US investments after Canadian assets hit by energy and mining downturn

EXCLUSIVE: Kenwood Collection lands largest office tenant yet

As the anchor office tenant in the Tower at Kenwood Collection, Merrill Lynch will have signage on the south side of the building.

Canada's bright young minds shine at the RBC Next Great Innovator Challenge

A hundred and nine innovative minds from 23 colleges and universities across Canada. Twenty-four innovative ideas proposed in one day. But only one team can be named RBC's Next Great Innovator - or maybe not?

Bermuda's Scepter Partners looks for acquisitions to spur growth

Scepter is a standing syndicate of ruling families, ultra-high-net-worth industrialists and sovereign wealth funds. Headquartered in Bermuda

Four Signs a Wealth-Management Partnership Is in Trouble

Financial advisers need to be watchful and proactive, because the unraveling of a team can be ugly

Using digital marketing to build client trust in wealth management

So how best can wealth and asset management firms work to keep the trust they’ve initially built?

Almost Half of Barclays Advisors Left Before Stifel Closed on Deal

The firm did not disclose terms, underscoring the difficulty industry insiders have had judging whether the deal was worth it.

Wells Fargo Targeting Wealth Management Clients At Other Firms

Wells Fargo reached an agreement in October with Credit Suisse Group AG to get the inside track on recruiting the Zurich-based company’s private-bank employees.

Getting Seriously Wealthy By Selling A Family Office

The key is doing a deal that is not a conventional sale of an accounting practice.

View From the Top: The Durability of Wealth Management

James Gorman was looking to the future as well when he spearheaded Morgan Stanley’s acquisition

Sovereign wealth funds withdraw $19B from asset managers

Sovereign wealth funds in the Gulf have been pulling money out of asset managers at the fastest rate on record as they rush to boost their economies following the collapse in the oil price.

Scotiabank has launched its Scotia Wealth Management brand

Scotiabank says it made the move because it finds clients are demanding more comprehensive advice.

Global Banks’ International Retrenchment Spells Boutique Opportunity

The specialized boutique model is simply a more effective enabler of advisors to provide superior client focus, advice and investment solutions.

Wealth and Asset Management