Managers of Wealth - Americas https://americas.managersofwealth.com/ Fri, 14 Jun 2024 17:35:15 BST part of MediaG8way Group https://americas.managersofwealth.com/ https://americas.managersofwealth.com/assets/images/logo.png Managers of Wealth - Americas KohanaPHP Kestra Financial Welcomes $400 Million Lodi Wealth Advisors News Team Friday, June 14, 2024 1:00 am https://americas.managersofwealth.com/article/60909/kestra-financial-welcomes-400-million-lodi-wealth-advisors By joining Kestra Financial, Lodi Wealth Advisors aims to grow its company while continuing to provide quality service to its clients. Wealth and Asset Management Wells Fargo fires employees for 'simulating' keyboard activity News Aggregation Team Friday, June 14, 2024 1:00 am https://americas.managersofwealth.com/article/60913/wells-fargo-fires-employees-for-amp039simulatingamp039-keyboard-activity They emerged at the same time as some employers began stepping up their use of technology to track things such as keystrokes and eye movements. Wealth and Asset Management Fidelity and Envestnet Launch Joint Wealth Management Platform News Aggregation Team Friday, June 14, 2024 1:00 am https://americas.managersofwealth.com/article/60915/fidelity-and-envestnet-launch-joint-wealth-management-platform Fidelity and Envestnet said they were combining technology and service with proprietary data management and investment solutions to help firms and their advisors embrace this industry shift. Wealth and Asset Management Advisors Reveal The 'Secret Sauce' To Servicing The Ultra-Wealthy News Aggregation Team Friday, June 14, 2024 1:00 am https://americas.managersofwealth.com/article/60916/advisors-reveal-the-amp039secret-sauceamp039-to-servicing-the-ultra-wealthy The way firms develop these attributes will vary, but they’ll all need to create a clearly identifiable brand if they’re to serve clients with $25 million or so in assets. Wealth and Asset Management The Harbourfront Group Announces Acquisition of Investment Management Firm Cornerstone Investment Counsel News Team Friday, June 14, 2024 1:00 am https://americas.managersofwealth.com/article/60919/the-harbourfront-group-announces-acquisition-of-investment-management-firm-cornerstone-investment-counsel Harbourfront’s acquisition of Cornerstone adds a material amount of assets under administration and revenue to the greater Harbourfront platform. Wealth and Asset Management JFS Wealth Advisors' Sean Gibbon named to AICPA Standing Ovation Recognition Program News Team Friday, June 14, 2024 1:00 am https://americas.managersofwealth.com/article/60920/jfs-wealth-advisorsamp039-sean-gibbon-named-to-aicpa-standing-ovation-recognition-program Wealth Advisor recognized for his exemplary professional achievements Wealth and Asset Management Goldman Sachs Asset Management Announces Liquidation of Goldman Sachs Defensive Equity ETF News Team Thursday, June 13, 2024 1:00 am https://americas.managersofwealth.com/article/60896/goldman-sachs-asset-management-announces-liquidation-of-goldman-sachs-defensive-equity-etf The Fund’s shares will no longer trade on NYSE Arca after market close on July 12, 2024, and the shares will subsequently be de-listed. Wealth and Asset Management Goldman Sachs aims to double lending to wealthy private bank clients News Aggregation Team Thursday, June 13, 2024 1:00 am https://americas.managersofwealth.com/article/60899/goldman-sachs-aims-to-double-lending-to-wealthy-private-bank-clients Goldman declined to quantify the full scope of its lending to wealthy clients, who typically have a net worth of at least $30 million Wealth and Asset Management Citigroup's Wealth Management Division Grappling With Efficiency Issues News Aggregation Team Thursday, June 13, 2024 1:00 am https://americas.managersofwealth.com/article/60900/citigroupamp039s-wealth-management-division-grappling-with-efficiency-issues The findings reveal Citigroup's performance lags behind its peers, specifically in critical operational aspects. Wealth and Asset Management Philanthropist Christina Lewis Launches Beatrice Advisors, a Multifamily Office for the Next Generation News Team Thursday, June 13, 2024 1:00 am https://americas.managersofwealth.com/article/60901/philanthropist-christina-lewis-launches-beatrice-advisors-a-multifamily-office-for-the-next-generation The firm provides high-quality financial services to a new generation of wealthy individuals and families with the goal of making wealth management more accessible. Wealth and Asset Management Morgan Stanley names new head of int’l wealth management in leadership shuffle News Aggregation Team Friday, June 14, 2024 1:00 am https://americas.managersofwealth.com/article/60908/morgan-stanley-names-new-head-of-intamprsquol-wealth-management-in-leadership-shuffle The wirehouse has made three senior appointments within its IWM and international banking divisions, Citywire can reveal. People Moves Nuveen Appoints William Huffman as Chief Executive Officer News Team Friday, June 14, 2024 1:00 am https://americas.managersofwealth.com/article/60910/nuveen-appoints-william-huffman-as-chief-executive-officer Mr. Huffman will chair the Nuveen Executive Leadership Team and serve as a member of TIAA’s Executive Committee. People Moves Financial Harvest Wealth Advisors Expands with Two Key New Hires News Team Friday, June 14, 2024 1:00 am https://americas.managersofwealth.com/article/60921/financial-harvest-wealth-advisors-expands-with-two-key-new-hires Financial Harvest's dynamic growth is evidenced by individual accomplishments as well as team expansion. People Moves CRC Group strengthens executive team News Aggregation Team Friday, June 14, 2024 1:00 am https://americas.managersofwealth.com/article/60922/crc-group-strengthens-executive-team This team is tasked with enhancing support functions across CRC Group’s various business segments. People Moves BofA Names Michael Garand as Worcester President News Team Friday, June 14, 2024 1:00 am https://americas.managersofwealth.com/article/60923/bofa-names-michael-garand-as-worcester-president Garand has more than three decades of experience in financial services People Moves Resolute Investment Managers Appoints Chief Executive Officer News Team Friday, June 14, 2024 1:00 am https://americas.managersofwealth.com/article/60924/resolute-investment-managers-appoints-chief-executive-officer Mr. Stumm brings more than 20 years of industry experience to the position, including 12 years with Resolute and American Beacon Advisors People Moves Northern Trust Asset Management Names Head of Global ETFs and Funds News Aggregation Team Thursday, June 13, 2024 1:00 am https://americas.managersofwealth.com/article/60895/northern-trust-asset-management-names-head-of-global-etfs-and-funds David Abner, Pioneer of the ETF Industry, to Oversee NTAM ETFs and Mutual Funds People Moves Northern Trust Strengthens Foundation & Institutional Advisors Practice in the Southeast News Aggregation Team Thursday, June 13, 2024 1:00 am https://americas.managersofwealth.com/article/60897/northern-trust-strengthens-foundation-ampamp-institutional-advisors-practice-in-the-southeast He provided thought leadership, education and insights on their investment and retirement assets. People Moves Sequoia Financial Group Hires Wealth Management Veteran Chris Thom as Chief Strategy and Partnerships Officer News Team Thursday, June 13, 2024 1:00 am https://americas.managersofwealth.com/article/60898/sequoia-financial-group-hires-wealth-management-veteran-chris-thom-as-chief-strategy-and-partnerships-officer He will also lead brand strategy for the firm and oversee Sequoia's marketing efforts. People Moves Cahaba Wealth Management promotes Williams to senior financial advisor News Team Thursday, June 13, 2024 1:00 am https://americas.managersofwealth.com/article/60904/cahaba-wealth-management-promotes-williams-to-senior-financial-advisor Williams graduated from the University of Alabama People Moves Judge paves way to end JPMorgan-Viva Wallet valuation dispute News Aggregation Team Friday, June 14, 2024 1:00 am https://americas.managersofwealth.com/article/60914/judge-paves-way-to-end-jpmorgan-viva-wallet-valuation-dispute Under the terms of the bank's investment in Viva, Werealize.com loses the right to reject a JPMorgan takeover offer if the fintech is valued below €5 billion in June 2025. Legal, Regulation & Compliance Bathroom breaks banned by Archegos boss accused of fraud, who reportedly ‘yelled’ at staff for leaving while key stocks were moving News Aggregation Team Thursday, June 13, 2024 1:00 am https://americas.managersofwealth.com/article/60902/bathroom-breaks-banned-by-archegos-boss-accused-of-fraud-who-reportedly-amplsquoyelledamprsquo-at-staff-for-leaving-while-key-stocks-were-moving Hwang’s diktat of a toilet ban during important transactions apparently also applied when traders were in their own homes. Legal, Regulation & Compliance TD sues wealth advisers who left for Raymond James News Aggregation Team Tuesday, June 11, 2024 1:00 am https://americas.managersofwealth.com/article/60873/td-sues-wealth-advisers-who-left-for-raymond-james Within a week of Gregg Desmarais’ and Brett Bartkiewicz’s departures, TD lost at least 10 accounts worth more than $22 million, the bank said. But a FINRA disclosure tells a different story. Legal, Regulation & Compliance In Focus: Cybersecurity Defense Gaps News Team Tuesday, June 11, 2024 1:00 am https://americas.managersofwealth.com/article/60877/in-focus-cybersecurity-defense-gaps These findings reveal an alarming gap between awareness of cybersecurity risks and the actions put in place to prevent and repel attacks. Legal, Regulation & Compliance Wells Fargo Accused of Aiding Elderly Investor Ponzi Scheme News Aggregation Team Thursday, June 06, 2024 1:00 am https://americas.managersofwealth.com/article/60834/wells-fargo-accused-of-aiding-elderly-investor-ponzi-scheme The companies involved in the scheme used Wells Fargo as their primary bank, lead plaintiff Fanny Millstein alleges. Legal, Regulation & Compliance Former TIAA Trader Sentenced to Nearly 6 Years for $47 Million Insider Trading Scheme News Aggregation Team Thursday, June 06, 2024 1:00 am https://americas.managersofwealth.com/article/60838/former-tiaa-trader-sentenced-to-nearly-6-years-for-47-million-insider-trading-scheme Williams then allegedly acquired or sold the securities ahead of the TIAA trades. Legal, Regulation & Compliance After SEC lawsuit, former Jacksonville investment adviser charged with $2.7 million fraud News Aggregation Team Wednesday, June 05, 2024 1:00 am https://americas.managersofwealth.com/article/60819/after-sec-lawsuit-former-jacksonville-investment-adviser-charged-with-27-million-fraud The indictment happened almost a year after the U.S. Securities and Exchange Commission Legal, Regulation & Compliance Banking Associations Support Resolution to Overturn SEC's Controversial Crypto Rules News Aggregation Team Monday, June 03, 2024 1:00 am https://americas.managersofwealth.com/article/60799/banking-associations-support-resolution-to-overturn-secamp039s-controversial-crypto-rules This mandate impedes regulated banking organizations from providing digital asset custody services at scale due to heightened capital and liquidity requirements. Legal, Regulation & Compliance NYDFS issues virtual currency customer service guidance News Team Friday, May 31, 2024 1:00 am https://americas.managersofwealth.com/article/60785/nydfs-issues-virtual-currency-customer-service-guidance Consumers have a right to a transparent and timely process for resolving complaints and answering questions Legal, Regulation & Compliance Appleby Advises On RF Acquisition Corp II USD$100M Initial Public Offering News Team Wednesday, May 29, 2024 1:00 am https://americas.managersofwealth.com/article/60762/appleby-advises-on-rf-acquisition-corp-ii-usd100m-initial-public-offering The Company intends to focus its target search on businesses in Asia within the deep technology sector, including artificial intelligence, quantum computing, and biotechnology. Legal, Regulation & Compliance Lumin Digital Announces Partnership with Pinwheel to Offer Banks and Credit Unions Advanced Digital Deposit Switching Solution, Pinwheel Prime News Team Friday, June 14, 2024 1:00 am https://americas.managersofwealth.com/article/60912/lumin-digital-announces-partnership-with-pinwheel-to-offer-banks-and-credit-unions-advanced-digital-deposit-switching-solution-pinwheel-prime Research indicates Pinwheel Prime significantly boosts conversion rates, increasing direct deposit enrollment by 32% and reducing the time for initial direct deposit by 65%. FinTech BVNK introduces US dollar payments via Swift News Team Thursday, June 13, 2024 1:00 am https://americas.managersofwealth.com/article/60906/bvnk-introduces-us-dollar-payments-via-swift Businesses accepting stablecoins in international markets via BVNK’s crypto payments gateway, can convert the funds automatically to US dollars or Euros FinTech Deduce Named a Winner at the Banking Tech Awards USA 2024 News Team Thursday, June 13, 2024 1:00 am https://americas.managersofwealth.com/article/60907/deduce-named-a-winner-at-the-banking-tech-awards-usa-2024 Deduce Wins the ‘Tech of the Future - Fighting Fraud’ Designation In FinTech Futures-Sponsored Awards FinTech JPMorgan's new ex-fintech CTO suggests payments is more important than AI News Aggregation Team Wednesday, June 12, 2024 1:00 am https://americas.managersofwealth.com/article/60881/jpmorganamp039s-new-ex-fintech-cto-suggests-payments-is-more-important-than-ai Shivananda is one of many PayPal alums at JPMorgan. FinTech LSEG Workspace now enhanced by Macabacus’ Productivity Tools News Team Tuesday, June 11, 2024 1:00 am https://americas.managersofwealth.com/article/60871/lseg-workspace-now-enhanced-by-macabacusamprsquo-productivity-tools New workflow suite enhances productivity of Investment bankers, financial advisors, research analysts, asset and wealth managers. FinTech FNB's eStore Named Best Digital Initiative Nationally News Team Tuesday, June 11, 2024 1:00 am https://americas.managersofwealth.com/article/60872/fnbamp039s-estore-named-best-digital-initiative-nationally F.N.B. Corporation Recognized at Banking Tech Awards USA FinTech Family Offices Grappling with Cryptocurrency Investment Prospects: BNY Mellon News Aggregation Team Monday, June 10, 2024 1:00 am https://americas.managersofwealth.com/article/60859/family-offices-grappling-with-cryptocurrency-investment-prospects-bny-mellon Though cryptocurrencies account for 5% of portfolios, an allocation that would have been unthinkable a decade ago, they remain strikingly split over the role of the asset class. FinTech CapIntel Debuts Uncapped: Inaugural User Conference For Leaders in the Digital Evolution of Wealth and Asset Management News Team Monday, June 10, 2024 1:00 am https://americas.managersofwealth.com/article/60860/capintel-debuts-uncapped-inaugural-user-conference-for-leaders-in-the-digital-evolution-of-wealth-and-asset-management Exclusive event dedicated to technology and innovation in wealth management brings together wholesalers and advisors for collaboration and learning in a digital-first environment FinTech British tech magnate Mike Lynch acquitted of fraud charges in $11 billion deal with Hewlett Packard News Aggregation Team Friday, June 07, 2024 1:00 am https://americas.managersofwealth.com/article/60847/british-tech-magnate-mike-lynch-acquitted-of-fraud-charges-in-11-billion-deal-with-hewlett-packard Mike Lynch, once hailed as Britain’s king of technology, has been cleared of charges alleging he orchestrated a fraud and conspiracy leading up to an $11 billion deal that turned into a costly albatross for Silicon Valley pioneer Hewlett Packard. FinTech Fidelity exec says most investors should have some Bitcoin allocation News Aggregation Team Thursday, June 06, 2024 1:00 am https://americas.managersofwealth.com/article/60832/fidelity-exec-says-most-investors-should-have-some-bitcoin-allocation The Coinshares report also noted that Bitcoin investment funds account for over $74 billion in assets under management globally. FinTech State Street Global Advisors Unveils Next Generation IncomeWise Solution News Team Thursday, June 13, 2024 1:00 am https://americas.managersofwealth.com/article/60903/state-street-global-advisors-unveils-next-generation-incomewise-solution The innovation underpinning this latest iteration is grounded in State Street’s partnership with the University of California Alternative Investments Schroders Bolsters Regulatory Reporting Tech with Implementation of Broadridge’s Consumer Duty Solution for Distributor Feedback News Team Wednesday, June 12, 2024 1:00 am https://americas.managersofwealth.com/article/60885/schroders-bolsters-regulatory-reporting-tech-with-implementation-of-broadridgeamprsquos-consumer-duty-solution-for-distributor-feedback Extends strategic relationship in response to U.K. FCA’s regulatory requirements Alternative Investments IG brings US-listed options and futures trading to UK clients News Team Wednesday, June 12, 2024 1:00 am https://americas.managersofwealth.com/article/60888/ig-brings-us-listed-options-and-futures-trading-to-uk-clients The launch comes as options and futures trading emerges as an increasingly popular component of traders’ overall portfolios Alternative Investments Vantage launches US primary cyber insurance News Aggregation Team Wednesday, June 12, 2024 1:00 am https://americas.managersofwealth.com/article/60891/vantage-launches-us-primary-cyber-insurance The company said its new cyber coverage further accelerates its portfolio growth, driven by market demand and increasingly complex cyber risks. Alternative Investments BlackRock Model Shakeup Spurs $4 Billion Growth-Stock ETF Surge News Aggregation Team Tuesday, June 11, 2024 1:00 am https://americas.managersofwealth.com/article/60862/blackrock-model-shakeup-spurs-4-billion-growth-stock-etf-surge If a tweak is made to a strategy, billions can move at a time. Alternative Investments Guy Carpenter launches Capital & Advisory group News Aggregation Team Tuesday, June 11, 2024 1:00 am https://americas.managersofwealth.com/article/60865/guy-carpenter-launches-capital-ampamp-advisory-group Its responsibilities include raising capital for clients Alternative Investments Global Finance Names The World’s Best Sub-custodian Banks 2024 News Team Tuesday, June 11, 2024 1:00 am https://americas.managersofwealth.com/article/60870/global-finance-names-the-worldamprsquos-best-sub-custodian-banks-2024 The list of winners of Global Finance’s Best Sub-custodian Bank 2024 Awards follows. Alternative Investments Apex Group and ACA form strategic partnership to enhance client experience News Team Tuesday, June 11, 2024 1:00 am https://americas.managersofwealth.com/article/60874/apex-group-and-aca-form-strategic-partnership-to-enhance-client-experience support and protect their business Alternative Investments After Big May, ETFs Headed for 2nd Best Year Ever News Aggregation Team Tuesday, June 11, 2024 1:00 am https://americas.managersofwealth.com/article/60880/after-big-may-etfs-headed-for-2nd-best-year-ever A State Street report shows growing investor enthusiasm for active strategies. Alternative Investments Exploring private debt across Asia, Europe, the UK and U.S. News Team Friday, June 07, 2024 1:00 am https://americas.managersofwealth.com/article/60843/exploring-private-debt-across-asia-europe-the-uk-and-us This optimism sets the stage for potential growth in private market activity. Alternative Investments Goldman Sachs' intern acceptance rate fell nearly 30% this year News Aggregation Team Wednesday, June 12, 2024 1:00 am https://americas.managersofwealth.com/article/60882/goldman-sachsamp039-intern-acceptance-rate-fell-nearly-30-this-year Statistics posted by a Goldman social media account showed that the bank had over 315,000 applicants to its 2024 summer internship roles, of which 2,600 became interns. Investment Banking Xcelerate, Inc. Retains Investment Bank Craft Capital Management to Provide Investment Banking and Up-Listing Advisory Services News Team Friday, June 07, 2024 1:00 am https://americas.managersofwealth.com/article/60853/xcelerate-inc-retains-investment-bank-craft-capital-management-to-provide-investment-banking-and-up-listing-advisory-services Craft Capital, based in Garden City, New York, is an independent full-service securities brokerage firm Investment Banking Citi's new banking head Raghavan begins as CEO hails his 'intensity' News Aggregation Team Wednesday, June 05, 2024 1:00 am https://americas.managersofwealth.com/article/60824/citiamp039s-new-banking-head-raghavan-begins-as-ceo-hails-his-amp039intensityamp039 Citi's CEO Jane Fraser has expressed high hopes for Raghavan Investment Banking Advisor Ordered To Repay Morgan Stanley $5M In Promissory Note Battle News Aggregation Team Friday, May 31, 2024 1:00 am https://americas.managersofwealth.com/article/60787/advisor-ordered-to-repay-morgan-stanley-5m-in-promissory-note-battle The investment bank brought the case contending that Frederico Cardona had failed to honor the notes after he left the firm. Investment Banking JPMorgan CEO Jamie Dimon on 'Hard Landing' and 'Stagflation' Fears as Inflation Worries US Fed News Aggregation Team Tuesday, May 28, 2024 1:00 am https://americas.managersofwealth.com/article/60756/jpmorgan-ceo-jamie-dimon-on-amp039hard-landingamp039-and-amp039stagflationamp039-fears-as-inflation-worries-us-fed A "hard landing" is, for instance, when the US Federal Reserve tightens its monetary policy by hiking interest rates aggressively to curb high inflation and cool down consumer spending Investment Banking Jamie Dimon's retirement talk puts new spotlight on key JPMorgan deputies News Aggregation Team Tuesday, May 28, 2024 1:00 am https://americas.managersofwealth.com/article/60757/jamie-dimonamp039s-retirement-talk-puts-new-spotlight-on-key-jpmorgan-deputies Marianne Lake and Jennifer Piepszak are considered frontrunners to become the next CEO: 'It's a two-woman race.' Investment Banking JPMorgan CEO is 'cautiously pessimistic' on economy, successors in focus News Aggregation Team Tuesday, May 21, 2024 1:00 am https://americas.managersofwealth.com/article/60706/jpmorgan-ceo-is-amp039cautiously-pessimisticamp039-on-economy-successors-in-focus We're on the way, we're moving people around Investment Banking JPMorgan is buying NYCB loans partly to help smaller bank's turnaround: source News Aggregation Team Thursday, May 16, 2024 1:00 am https://americas.managersofwealth.com/article/60666/jpmorgan-is-buying-nycb-loans-partly-to-help-smaller-bankamp039s-turnaround-source JPMorgan ended up buying First Republic in a government-led transaction. Investment Banking Junior Bank of America banker who died was working over 100 hours a week News Aggregation Team Thursday, May 16, 2024 1:00 am https://americas.managersofwealth.com/article/60668/junior-bank-of-america-banker-who-died-was-working-over-100-hours-a-week Wall Street has grappled for years with overwork among junior staff. Investment Banking RBC names insider Stopnik as global investment banking head News Aggregation Team Tuesday, May 14, 2024 1:00 am https://americas.managersofwealth.com/article/60634/rbc-names-insider-stopnik-as-global-investment-banking-head The bank also named Vito Sperduto as the head of RBC Capital Markets in the U.S. Investment Banking Record $668mn loan boosts hopes for Miami’s luxury housing boom News Aggregation Team Friday, June 14, 2024 1:00 am https://americas.managersofwealth.com/article/60911/record-668mn-loan-boosts-hopes-for-miamiamprsquos-luxury-housing-boom Lenders are vying for projects such as PMG’s 1,000-foot tower, which is selling units for up to $90mn Comment, Analysis & Research US Banking System Insolvency: Is a Crisis Coming Up? News Aggregation Team Tuesday, June 11, 2024 1:00 am https://americas.managersofwealth.com/article/60867/us-banking-system-insolvency-is-a-crisis-coming-up The effectiveness of these reforms remains a point of debate. Comment, Analysis & Research What’s behind UBS’s push into the fast-growing US UHNW wealth space? News Aggregation Team Thursday, June 06, 2024 1:00 am https://americas.managersofwealth.com/article/60826/whatamprsquos-behind-ubsamprsquos-push-into-the-fast-growing-us-uhnw-wealth-space Like everything in life, a lot of what we think we know to be correct could not, in fact, be further from the truth. Comment, Analysis & Research Top tips to grow your wealth: Atlanta Falcons limited partner News Aggregation Team Wednesday, June 05, 2024 1:00 am https://americas.managersofwealth.com/article/60813/top-tips-to-grow-your-wealth-atlanta-falcons-limited-partner One of those partners, Family Office Investor Rashaun Williams, joins Wealth! to discuss the move's significance and his biggest investment tips. Comment, Analysis & Research Outsourced Trading Improved 83% of Asset Managers’ and Asset Owners’ Investment Performance, According to State Street’s Global Outsourced Trading Market and Outlook Survey News Team Wednesday, May 29, 2024 1:00 am https://americas.managersofwealth.com/article/60767/outsourced-trading-improved-83-of-asset-managersamprsquo-and-asset-ownersamprsquo-investment-performance-according-to-state-streetamprsquos-global-outsourced-trading-market-and-outlook-survey The survey reveals compelling benefits for those outsourcing some aspect of their trading and its potential to enhance investment performance. Comment, Analysis & Research Here’s why wealth managers like to hire ex-athletes News Aggregation Team Thursday, May 23, 2024 1:00 am https://americas.managersofwealth.com/article/60724/hereamprsquos-why-wealth-managers-like-to-hire-ex-athletes In his view, athletes bring a unique set of skills that align perfectly with his firm’s values and operational goals. Comment, Analysis & Research Is Your Client's Family Office Prepared for the Worst? News Aggregation Team Thursday, May 23, 2024 1:00 am https://americas.managersofwealth.com/article/60725/is-your-clientamp039s-family-office-prepared-for-the-worst A new report finds families underestimate risks and potential threats. Comment, Analysis & Research Best & Worst Broker-Dealers: Q1 Earnings, 2024 News Aggregation Team Thursday, May 23, 2024 1:00 am https://americas.managersofwealth.com/article/60729/best-ampamp-worst-broker-dealers-q1-earnings-2024 The quarter ended March 31 “marks the return to reported net profits and further capital accretion Comment, Analysis & Research Landmark Broadridge Study of More than 40 Million U.S. Retail Investors Highlights the Dramatic Shifts in How Americans Invest News Team Wednesday, May 22, 2024 1:00 am https://americas.managersofwealth.com/article/60717/landmark-broadridge-study-of-more-than-40-million-us-retail-investors-highlights-the-dramatic-shifts-in-how-americans-invest The rise of younger investors and self-directed investing has led to asset managers, broker-dealers and advisors evolving their practices to better serve a more diverse class of investors across generations. Comment, Analysis & Research Private Equity Is No Place for Your Clients' Retirement Money News Aggregation Team Tuesday, May 21, 2024 1:00 am https://americas.managersofwealth.com/article/60697/private-equity-is-no-place-for-your-clientsamp039-retirement-money Yes, public markets are risky, but at least they are transparent. And they remain the best option for all but the most experienced investors. Comment, Analysis & Research Billionaire Tax Rejected by US Causes Split Ahead of G-7 Meeting News Aggregation Team Friday, May 24, 2024 1:00 am https://americas.managersofwealth.com/article/60741/billionaire-tax-rejected-by-us-causes-split-ahead-of-g-7-meeting The United States has pushed back on a global minimum wealth tax on billionaires. Tax Fairness, Transparency, and Enforcement: FACT’s Principles for Taxing U.S. Multinational Corporations After 2025 News Aggregation Team Wednesday, May 22, 2024 1:00 am https://americas.managersofwealth.com/article/60715/fairness-transparency-and-enforcement-factamprsquos-principles-for-taxing-us-multinational-corporations-after-2025 To preserve popular tax cuts for low and middle-class earners, Congress will look to offset with other revenue sources, including improvements to how multinational corporations are taxed. Tax Bank of America appeals IRS win in $163 mln bank merger tax fight News Aggregation Team Wednesday, May 22, 2024 1:00 am https://americas.managersofwealth.com/article/60720/bank-of-america-appeals-irs-win-in-163-mln-bank-merger-tax-fight The bank sued the IRS in North Carolina federal court in 2017, claiming it was owed tax-related interest related to a series of mergers. Tax The Federal Government Offers To Wipe Out Your Tax Debt Through New IRS Fresh Start Program News Aggregation Team Tuesday, April 23, 2024 1:00 am https://americas.managersofwealth.com/article/60452/the-federal-government-offers-to-wipe-out-your-tax-debt-through-new-irs-fresh-start-program The IRS now has more flexibility when analyzing a taxpayer’s ability to pay back taxes. Tax Citi's new global head of STIRT trading is calling for a wealth tax News Aggregation Team Tuesday, March 19, 2024 12:00 am https://americas.managersofwealth.com/article/60140/citiamp039s-new-global-head-of-stirt-trading-is-calling-for-a-wealth-tax Citi didn't respond to a request to comment on Singal's new role or on his calls for higher taxation. Tax RSM Recognized for Family Office Technology by Accounting Today News Team Thursday, February 29, 2024 12:00 am https://americas.managersofwealth.com/article/59983/rsm-recognized-for-family-office-technology-by-accounting-today The platform FamilySight is among only 21 products featured in Accounting Today’s 2024 Top New Products list where it earned an honorable mention. Tax FASB improves income tax disclosures News Team Friday, February 23, 2024 12:00 am https://americas.managersofwealth.com/article/59938/fasb-improves-income-tax-disclosures The existing disclosure requirements in ASC 740 distinguish between public and nonpublic entities in several different respects, utilizing a definition of “public entity” described in ASC 740-10-20 that is specific only to this Topic. Tax Early preparation may help taxpayers glide through tax season News Team Friday, January 26, 2024 12:00 am https://americas.managersofwealth.com/article/59668/early-preparation-may-help-taxpayers-glide-through-tax-season A lot can happen in a year’s time that may impact income tax filing. Tax International families in California – beware of the tax implications of community property News Team Thursday, January 25, 2024 12:00 am https://americas.managersofwealth.com/article/59657/international-families-in-california-ampndash-beware-of-the-tax-implications-of-community-property The equal ownership rule means that any assets your partner owns (for instance, a property owned in their name and not yours) are considered to be 50% owned by you Tax Andersen Adds New San Diego Office, Expands Southern California Footprint News Team Wednesday, January 17, 2024 12:00 am https://americas.managersofwealth.com/article/59576/andersen-adds-new-san-diego-office-expands-southern-california-footprint The move comes after the professionals from Reibman, a leading San Diego-based tax compliance and planning firm, joined Andersen. Tax Bank of America CEO says U.S. consumers and businesses have turned cautious on spending News Aggregation Team Friday, May 31, 2024 1:00 am https://americas.managersofwealth.com/article/60790/bank-of-america-ceo-says-us-consumers-and-businesses-have-turned-cautious-on-spending Consumer spending via card payments, checks and ATM withdrawals has grown about 3.5% this year to roughly $4 trillion, Moynihan said. Retail Banking Banking on cloud: TowneBank primes for continued growth with SAS News Team Saturday, May 25, 2024 1:00 am https://americas.managersofwealth.com/article/60743/banking-on-cloud-townebank-primes-for-continued-growth-with-sas Midsize bank uses cloud-based solutions from SAS to tackle regulatory compliance, navigate risk and wow its members Retail Banking Cotribute Named Finalist in 2024 Banking Tech Awards USA News Team Thursday, May 09, 2024 1:00 am https://americas.managersofwealth.com/article/60587/cotribute-named-finalist-in-2024-banking-tech-awards-usa Digital Platform named a finalist in two categories, Best Embedded Finance Solution and Best Community Bank/Credit Union Modernization Retail Banking Fitch downgrades New York Community Bancorp to 'BB' on near-term earnings pressure News Aggregation Team Thursday, May 09, 2024 1:00 am https://americas.managersofwealth.com/article/60589/fitch-downgrades-new-york-community-bancorp-to-amp039bbamp039-on-near-term-earnings-pressure The lender had said it expected annual loss to be between 50 cents and 55 cents in 2024 Retail Banking TD Auto Finance Canada Thanks Customers and Colleagues After Achieving its Seventh Consecutive J.D. Power Award News Team Wednesday, May 08, 2024 1:00 am https://americas.managersofwealth.com/article/60579/td-auto-finance-canada-thanks-customers-and-colleagues-after-achieving-its-seventh-consecutive-jd-power-award Ranked #1 in Dealer Satisfaction among Non-Captive Lenders with Prime and Non-Prime Retail Credit Retail Banking 8 Major Banks Closing 34 Bank Branches In New York News Aggregation Team Wednesday, May 08, 2024 1:00 am https://americas.managersofwealth.com/article/60590/8-major-banks-closing-34-bank-branches-in-new-york Generally, the bank is required to notify customers of the branch closing by mailing notices at least 90 days before the closing date of the branch Retail Banking Bank of America to pay more than $100M for opening accounts without consent, doubling fees News Aggregation Team Tuesday, May 07, 2024 1:00 am https://americas.managersofwealth.com/article/60568/bank-of-america-to-pay-more-than-100m-for-opening-accounts-without-consent-doubling-fees The Office of the Comptroller of the Currency found the bank’s double-dipping on fees was illegal. Retail Banking Citi CEO Says US Consumers Are More Cautious, Emphasizes Bank Overhaul News Aggregation Team Wednesday, May 01, 2024 1:00 am https://americas.managersofwealth.com/article/60531/citi-ceo-says-us-consumers-are-more-cautious-emphasizes-bank-overhaul U.S. borrowers earning lower incomes are increasingly struggling to keep up with loan payments, prompting banks to become more cautious about issuing credit cards and car loans. Retail Banking TD and the Blue Jays™ team up to offer eligible TD Credit Cardholders exclusive perks at 2024 regular season home games News Team Tuesday, April 30, 2024 1:00 am https://americas.managersofwealth.com/article/60518/td-and-the-blue-jaysamptrade-team-up-to-offer-eligible-td-credit-cardholders-exclusive-perks-at-2024-regular-season-home-games Eligible TD Credit Cardholders get 10% back as a statement credit on eligible concessions and exclusive ballpark entry through Priority Line Access at gate 6A Retail Banking Forbes names 1st Source Bank, Wintrust and First Financial Bank among America's best News Aggregation Team Monday, April 29, 2024 1:00 am https://americas.managersofwealth.com/article/60505/forbes-names-1st-source-bank-wintrust-and-first-financial-bank-among-americaamp039s-best It's a list of America's top 100 banks based on financial metrics like growth, profitability and credit quality. Retail Banking ESG in securitized credit: Finding clarity within complexity News Team Friday, June 14, 2024 1:00 am https://americas.managersofwealth.com/article/60917/esg-in-securitized-credit-finding-clarity-within-complexity Now is the time to maintain momentum and engage. Planet SOS World’s rich channel more wealth into tackling climate change News Aggregation Team Friday, June 14, 2024 1:00 am https://americas.managersofwealth.com/article/60918/worldamprsquos-rich-channel-more-wealth-into-tackling-climate-change Family offices are making bigger investments into renewable energy, such as wind and solar power Planet SOS Ortec Finance extends exclusive partnership with Cambridge Econometrics News Team Friday, June 07, 2024 1:00 am https://americas.managersofwealth.com/article/60845/ortec-finance-extends-exclusive-partnership-with-cambridge-econometrics This enables Ortec Finance’s suite of in-house climate scenarios Planet SOS US, Japanese banks lead fossil fuel financing News Aggregation Team Monday, May 13, 2024 1:00 am https://americas.managersofwealth.com/article/60628/us-japanese-banks-lead-fossil-fuel-financing Last year's fossil fuel funding was down 9.5 percent from 2022 Planet SOS TD outlines continued progress on sustainability goals in 2023 Sustainability Reporting Suite News Team Friday, March 15, 2024 12:00 am https://americas.managersofwealth.com/article/60117/td-outlines-continued-progress-on-sustainability-goals-in-2023-sustainability-reporting-suite The updates shared in our Sustainability Reporting Suite highlight the ways we're taking action to help drive sustainable value creation for our customers and our communities. Planet SOS Bank climate group to report capital markets related emissions News Aggregation Team Thursday, March 14, 2024 12:00 am https://americas.managersofwealth.com/article/60097/bank-climate-group-to-report-capital-markets-related-emissions Some U.S. politicians have been the most vocal in their criticism, citing anti-trust concerns. Planet SOS Asset managers’ green U-turn exposes energy transition cakeism News Aggregation Team Monday, February 26, 2024 12:00 am https://americas.managersofwealth.com/article/59946/asset-managersamprsquo-green-u-turn-exposes-energy-transition-cakeism The narrative of a perfect correlation between doing good and doing well has now broken down. Planet SOS JPMorgan and State Street quit climate group as BlackRock scales back News Aggregation Team Friday, February 16, 2024 12:00 am https://americas.managersofwealth.com/article/59868/jpmorgan-and-state-street-quit-climate-group-as-blackrock-scales-back Reduced participation means none of top five money managers fully back Climate Action 100+ Planet SOS BNP Paribas demonstrates its continued commitment to its longstanding relationship with Grameen America News Team Tuesday, February 06, 2024 12:00 am https://americas.managersofwealth.com/article/59767/bnp-paribas-demonstrates-its-continued-commitment-to-its-longstanding-relationship-with-grameen-america The recent closing of a new microfinance loan in 2023 demonstrates BNP Paribas’s continued commitment to its longstanding relationship with Grameen America Planet SOS ESG Hits Historic Low Point After US Investor Exodus From Funds News Team Friday, January 26, 2024 12:00 am https://americas.managersofwealth.com/article/59675/esg-hits-historic-low-point-after-us-investor-exodus-from-funds US fund clients withdrew a net $5.1 billion in the final three months of 2023, according to a fresh analysis by Morningstar Inc. Planet SOS