11/08/2024
Citi revamps pay for wealth bankers
More bonuses will go to those who move client assets into investments, and less to those who sell new loans
Wealth and Asset Management
11/08/2024
Quintet Private Bank Europe S.A. Raises Position in JPMorgan Chase & Co. (NYSE:JPM)
The institutional investor owned 322,510 shares of the financial services provider's stock after purchasing an additional 45,373 shares during the quarter.
11/07/2024
Pell Wealth Partners joins Rise Private Wealth Management
Warwick. The combined team now manages over $4 billion in assets.
11/07/2024
Wealth Enhancement Group Buys $536M New Jersey RIA
The acquisition of M&R Capital Management represents its sixth New Jersey location and 15th deal of 2024.
11/07/2024
Bogart Wealth Listed as Top RIA Firm in Virginia in Forbes, CEO James Bogart Named a Barron’s Top 100 Independent Financial Advisor
Leading wealth management firm also recognized in Inc. 5000, ThinkAdvisor, and Financial Advisor Magazine Bogart Wealth, an award-win
11/06/2024
GYL Financial Synergies Joins The Colony Group
We are thrilled to welcome GYL and its highly skilled and motivated network of talented professionals to our firm
11/06/2024
Hightower: Strategic Investment In $1.1+ Billion Wealth Management Team FPIS
As part of this deal, FPIS promoted two individuals to partner, Brock Becker and Carl Ekstrom, who are important to the team’s growth strategy.
11/06/2024
Donald Trump will shape these 9 areas of wealth management
The slideshow below displays some of the many ways that the next occupant of the White House will shape wealth management upon taking office in January 2025.
11/05/2024
Brookfield Asset Management Announces Record Third Quarter Results
$135 Billion of Capital Raised Over LTM, Growing Fee-Bearing Capital 23% to $539 Billion
11/05/2024
Allianz X and AlTi Tiedemann Global forge unique joint venture to pioneer UHNW wealth access to private markets alongside Allianz’s balance sheet investments powered by Allianz Global Investors
Through the joint venture, AlTi and AllianzGI will launch a private markets investment program for UHNW clients that will benefit from AllianzGI’s exceptional network and scale.
11/05/2024
Apollo Assets Reach $733 Billion, Boosted by Wealth Clients
Total capital raised from individuals exceeds 2023 inflows
11/05/2024
EP Wealth Advisors expands US presence with double deal
With the acquisition of Gather Financial Planning and Riley Private Client, EP Wealth Advisors adds over $240m to its AUM.
11/04/2024
Stifel to Buy B. Riley Wealth Management Business
B. Riley Financial said on Friday it had agreed to sell a portion its traditional wealth management business to Stifel.
11/04/2024
BlackRock becomes latest to file for Vanguard-style share class structure
The manager joins a list of more than 30 hoping to adopt the ETF-mutual fund structure that Vanguard invented
11/04/2024
Allianz X and AlTi Tiedemann Global forge unique joint venture to pioneer UHNW wealth access to private markets alongside Allianz’s balance sheet investments powered by Allianz Global Investors
Through the joint venture, AlTi and AllianzGI will launch a private markets investment program for UHNW clients that will benefit from AllianzGI’s exceptional network and scale.
11/04/2024
Blackstone targets new European markets in global wealth push
Blackstone's wealth products have a minimum investment threshold of $10,000 to $25,000.
11/04/2024
Peapack-Gladstone Bank to Rebrand as Peapack Private Bank & Trust
The decision to rebrand was not made lightly but is a culmination of a multi-year research-driven process
11/01/2024
Goldman Sachs: Gold to hit $3000 by 2025 year end
Central bank buying and falling interest rates will drive gold prices higher, according to Goldman Sachs.
11/01/2024
B. Riley to sell part of wealth management business to Stifel
The bank has been navigating heightened turmoil since August, when it warned that its exposure to Franchise could result in a writedown and losses for the second quarter ended June 30.
11/01/2024
Sequoia Financial Group buys Charleston-based Family Asset Management
Family Asset Management, located in Charleston, is acquired by Sequoia Financial Group.