Finance

YorkBridge Wealth, which has $1 billion in client assets, brings a team of a half dozen employees under two founding ex-wirehouse advisors.

Investor advocates argue that Massachusetts was within its right to hold broker-dealers to a higher standard.

The giant financial institution's performance during the first three months of 2023 is being closely watched by the wealth management industry.

The firm followed rival wirehouses that no longer share their exact number of brokers, which is a critical metric for industry recruiting trends.

While a securities-based loan is more commonly used to buy a fancy house or take a dream vacation, it's also an underused strategy for some affluent investors to pay large tax bills.

Though revenue growth remains a challenge, Citigroup is still committed to its global wealth management expansion plan, CEO Jane Fraser said Friday. Andy Sieg is joining the bank from Merrill Lynch in September as head of global wealth management.

Researchers find that performance expectations are highest among people who invest in environmental, social and governance causes for moral reasons.

The megabank had another productive recruiting quarter in its wealth units, as it reported record first-quarter revenue Friday.

The Wall Street regulator's sweeping proposal would affect everything from brokerage fees to how stock prices are quoted.

CEO Jamie Price's team is considering a range of potential strategies that could represent significant changes to the private equity-backed firm.

Wealthy individuals, not institutional investors, will drive money into alternative assets, data provider Preqin says in a new study.

The more important an event, the more resistant it is to a simple, single, widely-accepted explanation

The private equity-backed independent wealth management firm's liabilities have surged by 87%, but Moody's expects its leverage to fall this year.

A behind-the-scenes business, cash management services for advisory firms and affluent clients are in the spotlight following the Silicon Valley Bank and Signature Bank implosions.

Managing partner Penny Pennington received lower pay last year due to the declining business.

While depositors will be made whole under an extraordinary move by regulators, a fire sale of the entire bank and advisors fleeing to competitors create new challenges.

The ratings agency said the firm's leverage, which is poised to spike from the acquisition, will ultimately decrease this year due to profits from rising interest rates.

Despite the double-digit drop in RIA M&A volumes this year and at the firm in 2022, dealmakers say the move will boost its value and available capital.

While income saw a massive increase, platform assets were down year over year for the California TAMP.

The largest independent brokerage's four-year-old Services Group generates a level of business comparable to many midsize wealth management firms.