Managers of Wealth Americas

Jennifer Auerbach-Rodriguez, Merrill Wealth Management, Bank of America | Next 2023

And for all consumers, Rodriguez oversaw the launch of a new way to help people find a financial advisor.

Consolidation in wealth management industry to accelerate, Citi survey finds

Among 68% of those polled cited regulations as the top near-term business challenge.

Global Survey Shows Wealth Management Ecosystem at Inflection Point

This heightened focus on client experience and more specifically the digital client experience stems from evolving client expectations and the threat of digital disruptors.

AdvisorHub names Rise Private Wealth Management co-founder and CEO Brent Kiley among ‘Advisors to Watch over $1Bil’

AdvisorHub recognizes elite financial advisors who manage more than $1 billion in client assets based on their innovation, professionalism, and success in the business.

Citi Wealth Unit Posts Mixed Results Ahead of Sieg Takeover

Citi includes in that tally not only brokers but also private bankers, so-called financial client advisors, relationship managers, and investment counselors.

Apollo Global Builds Team to Target World’s Top Family Offices

Apollo has assembled a roughly 10-person family office unit over the past year and plans to increase that number in the future.

Morgan Stanley beats estimates on record wealth management revenue

Revenue of $13.46 billion vs. expected $13.08 billion.

Real rates suggest IT valuations are stretched. Stay selective

In past years, IT stocks and US real rates had a strong negative correlation—i.e., when US real rates rose, US IT stocks declined and vice versa.

Morgan Stanley Shifts Focus to High-Net-Worth Clients, Transfers Less Affluent Customers to Ord Minnett

The review was prompted by the presence of inactive wealth management clients with assets under $1 million, which led to a reassessment of the business.

Searchlight to buy UK asset manager Gresham House for $615 mln

Gresham House shareholders will receive 11.05 pounds cash for each share held, Searchlight said, representing a 62.5% premium to the stock's last closing price.

BlackRock eyes $7trn fixed income windfall on peaking rates

Money market assets will ‘flood fixed income market’

Asset managers tap top talent to reach private wealth channel

The data also showed a 115% year-over-year increase in the hiring of capital-raising private wealth professionals at alternative asset managers from 2021 to 2022.

Kestra Holdings’ Subsidiaries Shortlisted across Seven Categories for WealthManagement.com’s 2023 Industry Awards

High-volume of nominations reflect Kestra’s ongoing commitment to providing superior service, cutting-edge technology, and a suite of resources to deliver value to its nationwide ecosystem of financial professionals

Wells Fargo Wealth sees revenue drop but assets rise in Q2 2023

The wealth and investment management arm of Wells Fargo saw revenue drop 2% year-on-year in Q2 2023, from $3,705m to $3,681m.

Stick with quality income equitiesStick with quality income equities

Quality income equities have lagged traditional stock indexes. Is now time to abandon them? We think not, and outline three reasons why they can help navigate a more challenging second half.

Latin America’s best bank for wealth management 2023: Banco Santander

It has a strong local presence in each of those markets except Peru, which it serves, along with Ecuador, Colombia and Bolivia, from its Miami hub.

High-net-worth clients may prove easy to get and just as easy to lose, study reveals

Due diligence may not be the top priority when wealthy clients seek a financial advisor, but they can also be quick to switch

US CPI uncertainty supports private markets exposure

The potential for further US policy tightening ahead is just one reason why we foresee more muted equity returns, higher uncertainty, and a rise in cross-asset volatility in the second half.

It’s Getting Hot out There

The phenomenon brought the focus back on how human activity is causing a rapid deterioration in global climate.

Schwab sharpens focus on distinct needs of wealthiest client groups

The firm has launched two brands to differentiate between high-net-worth and ultra-high-net-worth clients

Wealth and Asset Management