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Wealth management unit helps propel UBS back to profit
Net income smashed analysts’ expectations for first quarter.
EY report highlights key wealth management trends
Financial advisors should continue focusing on private markets, AI and personalization, according to the report.
Perigon snags $425M advisor group
The addition of Prudeo Partners, an asset management and planning practice based in Pennsylvania and South Carolina, brings Perigon's AUM to $6.9B.
This bull market will accelerate M&A
We are approaching a perfect storm – could M&A in the wealth space set a record in 2024?
JPMorgan among winners as Latin American wealth flocks to Miami
However, Morgan Stanley has been losing clients in city amid Federal Reserve review of its measures to prevent potential money laundering.
Advisor team leaves Ameriprise for LPL Financial
Elsewhere, Raymond James nabs Edward Jones talent.
From $42B to less than $1B: How Asia’s once richest man lost it all
Evergrande’s Hui Ka Yan has lost most of his fortune and his freedom.
Cetera deal for Avantax shows boom continues for wealth management assets
The price tag Cetera paid for Avantax was 180% of its revenues last year, an unthinkable sum for a broker-dealer just a few years ago.
Wall Street weighs pros and cons of AI as Washington gets to work
What is the wealth management industry doing to maximize the positives of AI, while protecting against its potentially destructive purposes?
Wealth and asset firms expect US recession, weakened industry growth
Dual-industry surveys reveal some big challenges ahead.
CI Financial’s U.S. RIA enterprise continues to separate from Canadian mother ship
The firm's stock took a beating last year but is up 15% so far this year as the company navigates its U.S. growth strategy.
Helping suddenly rich clients stay that way
Morgan Stanley's private wealth management trains advisers to guide their clients through the peaks and valleys of first-generation wealth.
Providing financial advice to adult entertainers is this adviser’s mission
Lindsey Swanson leverages search engine optimization and 'in your face' messaging to develop an advisory niche among the 'stigmatized' world of adult entertainers.
RIAs see M&A momentum gaining steam in ’22
As firms chase scale with bigger and bigger deals, RIA sellers are enjoying the ride of record-level valuations.
Wealth management platforms as collaboration tools
The pandemic has sparked growth in collaboration tools, but for financial services firms, an enterprise-focused wealth management platform is an equally important part of solving the collaboration puzzle.
Citizens Financial CEO hunts for wealth deals
Van Saun says the bank is remaining disciplined in terms of the price it is willing to pay for wealth firms.
Britney Spears’ father agrees to step down as conservator
After 13 years of control over Britney Spears' financial decisions, Jamie Spears has officially volunteered to step away as conservator.
Deutsche sees slew of departures in US wealth unit
At least 10 senior bankers and numerous junior employees across the world’s largest wealth management market have left, according to people familiar with the matter.
Have valuations for RIA firms risen too much?
Buyers are convinced they are acquiring businesses that are well-positioned to grow organically over the next several decades no matter what happens in the economy or markets.
J.P. Morgan acquisition of OpenInvest gives wealth managers another ESG tool
The bank is expected to pair OpenInvest with 55ip to enhance its private banking technology platform.
