Wealth management

Credit Suisse Group executive Yves-Alain Sommerhalder is leaving, adding to top-level departures as the firm seeks to get back on its feet amid a massive restructure.

Despite a 21% fall in profits, the Saint Louis-based brokerage pulled in new advisors in both employee and independent channels as its wealth revenue continues to climb.

The behemoth wealth firm said it recently brought in its largest recruited groups ever, a strategy that paid off as it contributed to record net revenue for the third quarter.

Higher interest rates pushed up profits as the company revealed the timing for completion of the massive $2.5-billion integration of its 2020 acquisition.

The flow of money from private foundations to donor-advised funds has jumped substantially in recent years, highlighting the increasing use of a controversial loophole in charitable law, a new audit shows.

Core assumptions that underpinned record growth in recent years no longer hold.

Kristin Lemkau, CEO of J.P. Morgan Wealth Management, discussed the launch of the company's Personal Advisors hybrid advisory channel and the challenges of managing and recruiting talent at American Banker's Most Powerful Women in Banking conference.

In recent years, a new study says, wealth in America has been transferred not from the old to the young, but from the young to the old.

The troubled Swiss bank is breaking up its investment bank, separating the advisory and capital markets unit and selling the majority of a trading business.

An industry group contends that the commission is overestimating RIAs' control over outsourced services.

A new Arizent study finds that the wealth management industry is lagging behind on diversity, equity and inclusion progress. Still, many advisors believe in the value of diverse perspectives.

The Swiss bank grew its U.S. advisors by 2% in the third quarter,

Private Advisor Group is going through a CEO succession, while $2.5B firm CCR secured financing from the parent of its longtime brokerage.

We are now accepting nominations for two prestigious rankings: Top 40 Brokers Under 40 and Top Regional Brokers Under 40.

A lucrative deduction for luxury vehicles used at least half the time for business will start tapering come 2023.

The collapse of the Wealthfront acquisition suggests a CEO who hasn't fully established himself as leader and has yet to make his digital-banking push clear.

The Narragansett Bay Group in Providence, which specializes in serving the ultra wealthy, intergenerational wealth and business owners, has moved to UBS.

Research shows that the classic allocation reached its most expensive level in almost five decades during the COVID-19 rally. The situation has reversed in 2022.

Investing in enterprises trading at a discount to full value helps mitigate risk and reduce portfolio volatility.

If the fair's first edition here does well, it's a sign that Paris is back. If not, tant pis. So far ultrawealthy buyers are flocking to the event.