More about InVest: As new digital tools transform wealth management, the industry’s largest players are rushing to adapt to ever-increasing customer expectations, while smaller firms strive to keep pace. Behind the scenes, many are investing more on technology and hiring to drive growth, but margins remain under pressure. In|Vest West is exploring all the dynamics at play — from front to back office — and the technologies that are shaping the future of the firm.
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The change of heart comes after Federal Reserve Chair Jerome Powell told reporters that the central bank's own economists are no longer forecasting a recession.
August 2
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Prudential is partnering with the American College of Financial Services to educate Black individuals on financial wellness.
August 2
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The move comes amid predictions that clients will increasingly base wealth management decisions on online testimonials and ratings.
August 2
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William Marr is responsible for delivering Welton's investment solutions to the wealth management community, including brokerage houses, RIAs, private banks and family offices.
In previous roles he led due diligence and allocated to hedge funds and CTAs as Global Head of Hedge Fund Research at Merrill Lynch Wealth Management. He also headed Alternative Investments at Zurich-based bank Julius Baer and Boston-based State Street Global Advisors. Most recently he founded and managed Granite Street Capital, a consultancy focused on developing and implementing growth strategies for alternative investment managers.
August 1
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Lisa Opoku follows Julian Salisbury out the door of the Wall Street stalwart.
August 1
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After a quarter in which the institution helped the firm reap a record profit margin, the company followed rival Edward Jones in withdrawing its application.
August 1
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The independent RIA looks to the Wall Street stalwart for its expertise in alternative investments.
August 1
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Michael M. Horn is a partner at the law firm of McCarter & English. He served on the board of directors of the Federal Home Loan Bank of New York for 30 years, including 10 years as board chair. He also served as the commissioner of banking for the state of New Jersey as well as state treasurer.
August 1
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The criminal case follows SEC charges alleging the Kaplans bilked clients to pay for luxury purchases like handbags, watches and a matchmaking service.
August 1
