Managers of Wealth Americas

European asset managers gear up for second act in the US

What has proved less clear, however, is how the Europeans can become household names able to compete with well-known domestic American managers.

RBC Global Asset Management Announces $50 Million Impact Investing Initiative

The investments are intended to supplement the recently proposed U.S. Treasury program to purchase Risk-Share loans and may help address funding gaps created by the fact that these types of loans are not eligible for Ginnie Mae securitization.

Bank of America's private wealth management arm hires 26 advisers since August

However, the firm traditionally works with clients who invest $1 million or more in assets

Imagine a world in which suave private bankers have been replaced by algorithms and mobile phone app

Mobile digital private banking on the move is already a reality.

Swiss Banks Entering U.S. Client Disclosure Program

The U.S. voluntary disclosure program for Swiss banks to avoid prosecution for fostering tax evasion through cross-border accounts held by U.S. clients divides banks into four categories.

GenCap Portfolio Management Hires Sanctuary Wealth Services

Portfolio Manager Stephen Bradley Forms New Investment Management Firm

PwC Wins Partner Innovation Award

By leveraging deep operational and industry experience

"I Knew I Would Get Fired": Sallie Krawcheck

The financial industry, despite its bad reputation, can do a lot of good in the world. But it has defined itself about money and not about meaning at all," she says

Being a billionaire is no longer just for the boys

Like most lists of wealthy Americans, members of the Walmart family are on top, with Alice and Christy Walton both worth more than $30 million

BloombergBlack honcho John Michel comes full circle with new gig

The man behind Bloomberg LP's ill-fated foray into wealth management is back.

Morgan Stanley uses client cash to chase private equity profits

People think of it as a risky business but it's not really

Wealth Adviser: Avoiding the Headaches of a Rock-Star Firm

The model appeals to young talent, and it obliges senior advisers to think of themselves less as stars and more as mentors.

Merrill team ordered to return $6.6 million in signing bonuses to Barclays

The arbitrators did not explain their decision, as is typical in FINRA rulings, but denied the brokers' counterclaims asserting fraud, negligent misrepresentation, and breach of contract to justify keeping the loans.

Boston Private Bank completes purchase of Banyan Partners

The combined wealth management business will have about $9 billion in assets under management

BNY Mellon acquires New York-based asset manager

Located in Armonk, NY, the firm is currently a wholly-owned subsidiary of MBIA Inc.

Berkshire Hathaway Buys Into a Family Business

Berkshire Hathaway Inc purchase of a mega-car dealer group has billionaire Warren Buffett buying into a family business in more ways than one.

UBS Wealth Management Americas Introduces Enhanced Functionality for the Equity Plan Business

As part of its ongoing commitment to service excellence for both plan sponsors and participants, UBS Wealth Management Americas, a division of UBS AG, introduced two new exciting features to its Equity Plan Advisory Services offering: enhanced cash awards

Wealth and Asset Management