Wealth and Asset Management Archives - Page 72 of 1534

Morgan Stanley wealth management boosted by SpaceX millionaires

July 16, 2026

Newly minted millionaires from blockbuster IPOs such as SpaceX funnelled more than $74bn to Morgan Stanley’s wealth management division in the second quarter, part of a storming performance by the Wall Street bank. The client inflows came on top of the $100mn in fees Morgan Stanley’s investment banking arm earned from the SpaceX listing, […]

Wealth and Asset Management

Netwealth posts record FUA as managed accounts top $30bn

July 16, 2026

Netwealth has capped off another record year, growing funds under administration (FUA) to $135.7 billion as strong adviser inflows and improving markets offset elevated withdrawals from a handful of ultra-high-net-worth clients. The wealth platform reported quarterly custodial inflows of $8.2 billion for the three months to June 30, up 11% from a year earlier, […]

Wealth and Asset Management

Wealth manager expands with heartland region moves

July 16, 2026

A national wealth management firm has bolstered operations with a twin market move. Fairstone has bought Grainger Financial Planning and Riverstone Wealth Management. Bosses say the swoop for the businesses – which operate in Sunderland-headquartered Fairstone’s North East heartland – “demonstrates its commitment to further growth” in the region. The deals come […]

Wealth and Asset Management

Unlocking Profitable Growth Through Scalability in Wealth Management

July 16, 2026

Scalability and innovation are two words that are used without fail in conversations about technology and AI in wealth management. Most seem to lean towards innovation being the key to achieving a competitive edge, however recent research from Objectway in collaboration with FT Longitude seems to suggest otherwise. Firms that are able to achieve […]

Wealth and Asset Management

Groupe Banque Richelieu reaches €11 billion in assets under management and displays remarkable financial strength

July 16, 2026

Groupe Banque Richelieu confirms its ambition to become a major player in international wealth management. The Group has not only reached a symbolic milestone but has also consolidated its growth through strategic operations, notably the acquisition of its Swiss subsidiary and the creation of Richelieu Invest, while demonstrating remarkable financial strength. This momentum paves […]

Wealth and Asset Management

Rathbones warns business owners at risk on pensions

July 15, 2026

Rathbones tells Pensions Commission entrepreneurs and business owners drive wealth creation but face significant retirement challenges Wealth manager calls for a simpler, more stable pensions system to rebuild confidence in long-term saving, notably by those driving growth Rathbones has called for a simpler, more predictable pensions framework that supports business owners and entrepreneurs without deterring […]

Wealth and Asset Management

DBS Plans to Push Retail and Wealth AUM Past S$1 Trillion

July 15, 2026

DBS wants to add about S$400 billion in assets under management over five years as it expands its wealth business across Asia. The bank is targeting more than S$1 trillion in retail and wealth AUM by 2030, The Business Times reported. Total AUM reached S$644 billion in the first quarter of 2026, with […]

Wealth and Asset Management

J.P. Morgan Payments contributions to firm-wide Q2 2026 earnings

July 15, 2026

On July 14, JPMorganChase announced its firm-wide financial results for the second quarter of 2026. As part of the bank’s $58B in managed revenue for the quarter, J.P. Morgan Payments delivered $5.3B in Q2 2026 revenue, up 12% year over year It was the best quarter of all time for the Payments business and […]

Wealth and Asset Management

Apollo Funds Complete Acquisitions of Emerald and Questex, Creating a Scaled, B2B

July 15, 2026

Apollo has announced that Apollo-managed funds have completed the acquisitions of Emerald Holding, Inc. and Questex, LLC. The transaction brings together two highly complementary businesses to create a leading B2B experiential events and media platform with enhanced scale, expanded capabilities, and a strong foundation for growth. As previously announced, Paul Miller has assumed […]

Wealth and Asset Management

Northern Trust AM launches Shariah equity index strategy

July 15, 2026

Northern Trust Asset Management has launched a Shariah-compliant equity index strategy designed to meet the needs of institutional investors across the Middle East, Southeast Asia, and the United Kingdom. The strategy builds on NTAM’s experience of Shariah-compliant investing where it currently manages US$1.2 billion in the MSCI World Islamic M-Series Index, via segregated mandates. […]

Wealth and Asset Management

Brookfield eyes further Singapore acquisitions after investing close to S$900 million

July 15, 2026

Brookfield Asset Management plans to deepen its Singapore real estate push after investing close to S$900 million over the past year, betting on the city-state’s favourable supply-demand fundamentals and long-term economic growth. The North American asset manager is targeting value-add opportunities to generate higher returns through repositioning and active asset management. Singapore is expected […]

Wealth and Asset Management

Citigroup Second Quarter 2026 Results and Key Metrics

July 15, 2026

Citigroup Inc. has reported net income for the second quarter 2026 of $5.8 billion, or $3.15 per diluted share, on revenues of $24.8 billion. This compares to net income of $4.0 billion, or $1.96 per diluted share, on revenues of $21.7 billion for the second quarter 2025. Revenues increased 14% from the prior-year […]

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