OCT 29, 2024
By Bloomberg
UBS Group AG Chairman Colm Kelleher said that his bank is eventually looking to buy another US wealth management firm to expand its presence there, once the Credit Suisse integration is complete.
JPMorgan and Blackrock invests in Dynasty Financial . Schwab gave them $72M in 2022. Is this a sign to come that they will eventually BUY them out? Is this the sign that the consolidations will start to come ?...
Consider this - $275bn Fisher Investments went for a 20x multiple in June. not even 3 months later, $375bn Creative Planning was priced at 23x. numbers will continue to go up. Tagging along into an equity opportunity on the early part of this ride may be at least worth the exercise right now?....
This is not the Wells most advisors might quickly write off. Damaged severely by the 2008 scandal and subsequently losing almost 4,000 advisors, the firm has taken well over a…
Recent DeVoe survey finds 70% of all acquisitions this year involve Private Equity money. 15% of all transactions are 1st time buyers
Ameriprise Financial has lost another major advisory group, as Apex Private Wealth Advisors, managing $650 million in client assets, has made the move to LPL Financial. This exit adds to the growing…
All over the country Wells Fargo continues to aggressively recruit talented advisors at Ameriprise. According to advisors who have transitioned recently to Wells, they have a robust and very competitive…
with yet another judgement against the wirehouses for advisors' owed deferred comp, I would not be surprised if we start to see HUGE changes to comp grid plans for 2025!
J.P. Morgan Advisors made a significant move by attracting a high-profile wealth management team from Merrill Lynch in Los Angeles. Led by Eric A. Gray and Lance M. Polverini, the…
Merrill says a big announcement is coming - hearing it could be about rolling out early retirement offers to entice senior advisors from leaving. Morgan and UBS already do this, it would be expected Merrill follow suit any day now