Schwab’s controversial decision to raise the minimum asset level for an RIA client referral to $5 million, while also planning to add thousands of new advisors to its own retail network, raised ...

The deal builds on Carson’s consolidation in Georgia. In February, Carson Group fully acquired its Milton location, which is led by managing partner and wealth advisor GC Lewis. At the same time, ...

Fiduciary Trust International Fiduciary Trust International, the New York-based wealth manager owned by Franklin Templeton, has hired Andrew “Drew” Chan as a senior portfolio manager in its Los ...

Venable LLP has expanded its family office practice, bringing work it already carried out for family offices and high net worth families across the firm under a single team.

UBS posted profit before tax of $3.587 billion for the third quarter of 2026, up 27 per cent year-on-year. On an underlying basis, pre-tax profit rose 14 per cent to $4.077 billion, with every core ...

McDermott Will & Schulte has promoted 36 lawyers to partner and four to counsel, effective January 1, 2027. New York accounts for 13 of the new partners, which the firm said reflects continued ...

LaSalle Investment Management, a global real estate investment manager, has appointed Michael Raso as global head of private wealth.

Anthropic has grasped AI's potential for wealth management. In September it launched tools for financial advisors, connecting its Claude chatbot to investment analytics and wealth management ...

Citi has received approval from the China Securities Regulatory Commission (CSRC) to establish Citigroup Securities (China) Company Limited (CSCCL), a wholly-owned securities company headquartered ...

AI may make it easier to analyze that information, but it cannot compensate for what is missing, outdated or inconsistent. The firms that will get the most from AI will not necessarily be those ...

As evidence, Rao cited the 2025 Global Asset & Wealth Management Report of PwC which surveyed 300 firms in 19 countries. If found that profit per dollar of assets under management fell 19 per cent ...

BNY yesterday reported that its net income, applicable to common shareholders, rose 20 per cent year-on-year in the third quarter of 2026, reaching $1.608 billion. Total fee revenue rose 12 per ...