Finance

Executives say the results show the wisdom of the firm's deliberate decision to focus on high net worth clients.

The first three months of 2024 were hard on Wells Fargo — particularly for its wealth management division.

The banking giant nonetheless saw strong growth in net new assets in the first quarter and a 14% jump in returns from asset management fees.

Citigroup reported lower first quarter earnings within its wealth unit compared to a year ago. But earnings overall have improved from the fourth quarter, when it took significant losses as it finishes a major organizational restructuring.

Carson Group has snagged two powerhouse leaders in tech and wealth management on the heels of former CEO Ron Carson's departure and the naming of Burt White to the top role.

FP's annual ranking displays the impact of big one-time awards for four executives and a look at which chiefs netted the biggest increases and decreases in 2023.

The Fed has said it wants to see strong signs of falling inflation before it starts cutting interest rates. Wednesday's data was anything but that.

Authors add that the asset class can still be a welcome source of diversification for investors who can stomach the risk.

The budgeting app has already garnered support from NBA superstars and is looking for more growth.

The central bank is holding fast to its plan for three rate cuts, even as inflation remains stubborn. But is a soft landing still likely?

Some wealth managers see themselves as playing a distinct role in helping investors navigate the treacherous waters of private equity, credit and real estate.

The Wall Street giant is looking to fix its place in what's project to be a $10 trillion market by 2030.

Alison Nest says wealth managers can play a particularly useful role in helping investors navigate the intricacies of private equity, private credit and similar investments.

Industry recruiters still wonder if the regional firm's new recruits bring the experience needed to replace the experienced teams that have been leaving.

Peapack-Gladstone's wealth unit is pursuing an ambitious de novo expansion in New York and perhaps elsewhere because M&A has become expensive as private equity money has inflated seller expectations.

The U.S. economy gained 275,000 jobs in February. That sounds like good news — but will it spook the Fed out of cutting interest rates?

The wealth management giant is the latest firm seeking to give investors access to private vehicles that have generally outperformed their public counterparts in recent years.

Skyrocketing cryptocurrency prices makes it hard for long-time wealth managers to act their on skepticism and stay out of the market for these risky vehicles.

Bitcoin has risen more than 40% this year following the successful introduction of the exchange traded funds.