Managers of Wealth

Schwab Reports Second Quarter Net Income Up 27% Year-Over-Year

"Wealth management capabilities are an important element of our contemporary full-service investing model," Mr. Bettinger

Northern Trust Corporation Reports Second Quarter Net Income of $181.9 Million

Wealth Management trust, investment and other servicing fees were $311.5 million, up $11.2 million, or 4%, from $300.3 million in the prior quarter

Private bank to acquire $4.3B RIA, creating $9B wealth management monster

Bank will establish a new, wholly owned subsidiary that will combine its existing wealth management business with that of Banyan Partners. Subject to regulatory approval and customary closing conditions, the transaction is expected to clos

SJP adviser acquires two advice firms for undisclosed sum

A new legal firm enjoying rapid early growth across the business has acquired two Financial Services businesses to bolster its Financial Management arm.

Emerging markets - private banking needs differ

A huge, fast-growing client segment can't be reached with traditional wealth management products

Merrill Lynch Wealth profit strained by expenses

Bank of America's continuing investment in its Merrill Lynch wealth management business caused expenses in its global wealth sector to grow more quickly than revenue in the second quarter.

Investors Want to Access Financial Advisor Profiles and Ratings

Investors are growing more interested in using mobile technology for financial purposes.

PNC Bank Boosts Investment Services Revenue

The Asset Management Group, which includes personal wealth management for high-net-worth and ultra-high-net-worth clients, raked in $362 million in revenue in the second quarter,

Exodus at top firm unit continues

The unit is said to resemble something of a revolving door,

Private Banks Not First Choice For Wealthy – StanChart Report

The majority of high net worth business owners prefer consulting lawyers and accountants over their private banks for planning their wealth transfer to their successors, a new study finds.

Bit Trade eyes move into Australian wealth management

Bit Trade Australia is applying for an Australian Financial Services Licence as the company attempts to test the waters of wealth management and merchant services, despite the risk and volatility surrounding Bitcoin – the world’s most famous d

Citi profit dips, hurt by $7bn settlement

The accord came roughly six years after the height of the financial crisis. It is one of several Justice Department probes into the packaging and sale of risky home loans.

Sanlam rebrands UK businesses

New logos and brand style to be used, with all UK entities now trading simply as Sanlam.

JPMorgan Chase sees trading drop, yet still beats expectations

JPMorgan's stock rose $1.11, or 2 percent, to $57.40 in early trading.

Asset managers form group ahead of watchdog probe

The buyside-focused unit of the International Capital Market Association – which represents firms including Aviva Investors, Goldman Sachs Asset Management, Pimco and Schroders – has confirmed plans for a meeting in September before the consul

J.P. Morgan Private Bank wins 'Best Wealth Manager' award globally

Now in their 23rd year, are respected throughout the financial services and private banking industry

Secret Path Revealed for Chinese Billions Overseas

China’s foreign-exchange rules cap the maximum amount of yuan that individuals are allowed to convert at $50,000 each year

Lansdown ups investment in Sports Revolution

Now, Lansdown has upped his investment through international fund management business Sustainable Technology Investments (Guernsey), which he co-founded with business partner Gordon Power.

Big international private banking inks M&A deal

With the sale, the bank completes an aggressive disposal plan, selling 3.7 billion euros of non-insurance assets in about 18 months, just shy of its own target of 4 billion euros.

Ingenious Asset Management completes acquisition of Thurleigh Investment Managers

The Ingenious Asset Management and Thurleigh teams have successfully combined, and are now working seamlessly together at 15 Golden Square, London.

Wealth and Asset Management