BNY

Almost half of wealthy donors don’t have a strategy in place to guide their charitable giving.

They will incorporate trade data from as far back as 2014.

The breach follows other developments that have made offshore planning methods less attractive.

The wirehouses have lost teams overseeing more than $12 billion in client assets over the past month, according to recent hiring announcements.

Striking the right balance between humans and technology has become the holy grail for early adopters.

The acquisition is expected to provide access to a wide range of smart beta products.

BNY Mellon, DST Systems and State Street are among the firms recognized for their excellence and operational achievements.

Independent and regional firms have been maintaining strong appeal with new recruits.

The deal is part of the firm’s strategy to offer clients a focused set of specialist investment solutions.

These investments offered better returns than the broader fixed-income world in recent years, but the risk/reward equation leans heavier on risk.

Thomas Fickinger managed over 1,350 advisors generating $1.5 billion in revenue in 2016.

The big custodian chose a 35-year company veteran to take over the long-vacant position.

Those recognized for their excellence in innovation and leadership across the asset management industry includes State Street CEO Jay Hooley.

The new job will focus on middle-office services like hedge funds, software solutions and the firm’s message and connectivity engine.

Which banks are advisers moving to? Six recently jumped to BNY Mellon, Union Bank, U.S. Bank and M&T Bank from myriad financial services firms. One made a lateral move within his bank.

Assets in products susceptible to the risk of fire sales during a future shock are up 673% since 2000.

The new tool is aimed at lowering costs for investors.

Volatility has opened the door to a deeper examination of the sector in some of the most widely held funds. Plus; other industry highlights.

Most fortunes disappear by the time grandchildren have taken control.

Nine executives were recently tapped to lead wealth management and related investment services groups at several financial institutions, including Fifth Third, Huntington and J.P. Morgan Chase. Find out who they are and what their new roles entail.