The wealth management sector kicks off the year with strategic acquisitions and rebranding moves. Corient expands its Silicon Valley footprint, Carson integrates a long-time partner, and Cetera lures a team from Raymond James, highlighting the ongoing consolidation and competition for advisor talent.
Baby Boomers control over half of U.S. wealth. New analysis reveals the multimillion-dollar net worth needed to rank among the generation's wealthiest elite, highlighting stark disparities as this cohort navigates retirement.
Following its acquisition of Amicus Wealth last December, 7IM has fully merged its private client division with the firm, creating Amicus Wealth Management. The move aims to bolster its competitive edge in the crowded UK wealth management landscape.
A new registered investment advisor, Aerodigm Wealth, has launched in Portland following a management buyout of the wealth division from accounting firm Delap LLP. With $1.5 billion in assets, the firm is positioned to serve ultra-high-net-worth clients with a core strategy built around advanced tax efficiency.
New HSBC research identifies a 'Financial Fluency Gap' among affluent women, signalling a pivotal shift in client dynamics as the Great Wealth Transfer gains momentum. The bank's findings suggest that firms adapting to women's growing role in financial decision-making could unlock significant growth.
While U.S. giants dominate mindshare, Swedish private equity powerhouse EQT is making a concerted push into the American private wealth market. In an exclusive interview, EQT's Peter Aliprantis details the firm's strategy to win over advisors, leveraging global reach, evergreen funds, and a recent acquisition to tap into demand for diversification and private credit secondaries.
Financial guru Dave Ramsey outlines the critical distinctions between fleeting affluence and lasting financial security, emphasizing that true wealth is measured by freedom and resilience, not luxury goods.
Toronto-Dominion Bank reported its highest-ever first-quarter profits, driven by strong performance across its core divisions. The results come as the bank consolidates its private wealth management units and renews a significant share buyback program, signaling a strategic shift under new leadership.
The Swiss private banking group appoints Hamza Hamza to head its investment advisory division in Dubai, leveraging his two decades of regional experience to expand services for high-net-worth clients in the Gulf.
Under CEO Ralph Haberli, Edelman Financial Engines reports a more than doubling of workplace retirement clients transitioning to its full-scale wealth management services over five years, validating its integrated financial advice model.
Swiss banking giant UBS is significantly expanding its Hong Kong wealth management team, planning to add around 50 bankers. This strategic push follows record North Asia revenues and a new West Kowloon office, signaling strong confidence in the region's high-net-worth client growth.
Barclays has named new heads for its private banking operations in India and Monaco, signaling a strategic push to capture growth in two critical wealth management markets. The moves highlight the bank's focus on deepening local expertise to serve high-net-worth clients globally.
Constellation Wealth Capital has made a strategic minority investment in BIP Wealth, an Atlanta-based RIA managing over $5.5 billion. The capital infusion is aimed at accelerating the firm's organic growth and acquisition strategy across the Southeast and beyond.
Summit Wealth Group, a $3 billion RIA, has launched a dedicated family office services division, appointing former Commonwealth advisor Michael Comstock to lead the new unit following the acquisition of his $470 million AUM practice.
Australian financial services group Perpetual has entered a binding agreement to sell its Wealth Management division to Bain Capital Private Equity for an initial A$500 million, marking a decisive step in its strategy to streamline operations and bolster its core asset management business.
JPMorgan Chase & Co. has strengthened its asset management division with the appointments of Stephanie Davis and Sean Flynn to lead its private wealth alternatives strategy, signaling a significant expansion in its high-net-worth client offerings.
Courtney Holt, former CCO at Compound Planning, has been tapped to lead compliance for Aprio's $5.5 billion RIA subsidiary, marking the latest in a series of strategic hires as the Atlanta-based firm accelerates its growth trajectory.
NatWest Group has agreed to acquire UK wealth manager Evelyn Partners in a landmark £2.7 billion transaction, set to create a combined entity overseeing £127 billion in assets and significantly expand the bank's foothold in the lucrative wealth management sector.
The registered investment advisor (RIA) sector remains in consolidation mode this week, with Waverly Advisors marking a milestone 30th acquisition and Coldstream Wealth Management expanding its Pacific Northwest footprint. The moves headline a series of strategic deals and hires, including EP Wealth's entry into New Mexico and Beacon Pointe's multi-firm buying spree, underscoring the industry's relentless drive for scale and regional dominance.
UBS Group AG has appointed longtime executive Lisa Golia to head its U.S. wealth management adviser team, a key move as the banking giant consolidates its post-Credit Suisse integration and sharpens its focus on high-net-worth client growth.
