SunTrust's Trust Biz Slides in Q3
SunTrust's third-quarter revenue from trust and investment management plunged $40 million, or 30%, from a year ago. It fell 20% from the previous quarter.
More in High-Net-Worth
Looking at the range of services received by clients in all advisory channels, traditional wirehouses take the lead in catering to high-end client needs, according to research from Cerulli Associates. more »
The two hires are part of the firm's campaign to increase its business development teams in key wealth markets. more »
Aequitas Capital is hoping to woo advisors with an unusual but potentially potent pitch: its expertise in alternative investments. more »
FINRA barred a Chicago-based broker after it was discovered he transferred over $1 million from client accounts into his own over a number of years. more »
Personal Capital's business model is rooted in technology -- but with live advisors and higher fees, the firm wants to duck the "robo" label. more »
'This is a boom time for these markets,' says Adrian Flambard, deVere's area manager in San Francisco. more »
Barclays hired Akshaya Bhargava as chief executive officer of its wealth and investment management business to replace Peter Horrell, who stepped down. more »
Thanks to a continued economic recovery, strong equity market performance, rising real estate values and record domestic oil production, wealth growth rates in the U.S. strongly outpaced global averages. more »
Morgan Stanley hired a team with $4.5 billion in AUM – the second multi-billion-dollar team plucked from Merrill Lynch this month. more »
One year later, Forbes' growth plans have been stymied by a difficult market for acquiring firms. more »
Deutsche Asset & Wealth Management recruited a private banker and managing director from J.P. Morgan to open a new office in Dallas. more »
Researchers in Bethesda, Maryland, have spent eight years developing a handheld device to quickly assess potential brain trauma in injured U.S. soldiers and athletes with concussions. more »
Wells Fargo's elite Abbot Downing unit is adding a senior consultant to the team overseeing client education programs for ultrawealthy clients. more »
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