Managers of Wealth Americas

GAM Joins Sports Investing Push with Private Equity Partnership

GAM announces a partnership with Avenue Capital to enter into sports investing under long-term alternatives expansion efforts.

Global high-net-worth population and wealth back to record levels despite global instability

This upward trend offsets last year’s decline and puts HNWI trends back on a growth trajectory.

Oakglen Wealth-managed Libero funds going live

Oakglen has also been chosen by Blacktower to manage its new portfolio management service.

Nordic CFOs reflect on the current business environment

The geopolitical situation was up front and centre with the opening keynote speech from former NATO Secretary General Anders Fogh Rasmussen.

Wealth Enhancement Group Announces the Addition of Gavin Financial Group, an Independent RIA with Over $658 Million in Client Assets

This partnership marks Wealth Enhancement Group's first location in Michigan and brings the firm's total client assets to more than $82.1 billion.

The Bahnsen Group Opens West Palm Beach, Florida Office

The Florida market is already a substantial part of our business

Citizens grows its private wealth ambitions in Boston

Citizens Financial Group has added a top advisor with nearly $1B in assets from JPMorgan, along with another key hire for its Boston office.

Canaccord Genuity Group Inc. through its Wealth Management business in the UK announces acquisition of Cantab Asset Management Ltd.

Upon completion of the acquisition, investment professionals and support staff of Cantab will continue in their existing roles and will be fully supported in directly managing their client relationships.

US, Hong Kong quoted wealth manager Noah reports 19.2% Q1 revenue fall

Net revenues decreased by 18.8% from the fourth quarter of 2023, mainly due to decreases in one-time commissions.

IFAM To Join Kovitz

This transaction is expected to close in the third quarter of 2024, subject to customary closing conditions.

TSG and Mark Schulten Garner Top Recognition by Forbes in 2024

The recognition serves as a testament to the team’s unwavering dedication to devising innovative strategies and personalized solutions to help clients realize their financial aspirations and safeguard their future.

BlackRock’s $20B ETF Is Now the World’s Largest Bitcoin Fund

The iShares Bitcoin Trust has attracted the greatest inflow since going live, $16.5 billion, while investors have pulled $17.7 billion from the Grayscale fund over the same period.

Blackstone buys $1B mortgage portfolio from German bank

Multifamily, office and hospitality properties backing Deutsche Pfandbriefbank loan pool

Broadridge Acquires AdvisorTarget, Expands Capabilities to Help Asset Management and Wealth Firms Transform Digital Distribution and Marketing

Combining forward-looking advisor intent data with asset holding data enables precision-targeted, cost-effective digital marketing and sales strategies

Portsmouth Financial Services to become a branch office of leading broker-dealer Arete Wealth Management, LLC via asset purchase agreement

San Francisco-based firm to bring 40 advisors and $800M of AUM to Arete Wealth's exclusive platform

National Bank of Canada's profit rises on wealth management, markets strength

Profit at the bank's wealth management unit rose 15% in the second quarter to C$205 million.

Wealth Enhancement Group Announces the Addition of The Financial Advisory Group, LLC, an Independent RIA with Over $1.22 Billion in Client Assets

This partnership marks Wealth Enhancement Group's fifth acquisition of the year and brings the firm's total client assets to more than $81.5 billion.

Wealth and Asset Management