Wealth management units at banks across the country enjoyed a blow-out first quarter, hauling in $36.35 billion in revenue, the most ever generated in any first-quarter period since 2007, according to the latest Sorrento-Pacific Michael White Bank Wealth Management Report.
Here are the top 12 banks whose wealth management programs saw the sharpest first-quarter growth year-over-year.
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July 27, 2015
AI-powered YourStake has since expanded into a comprehensive advisor platform, offering portfolio analytics and meeting automation, claiming to save five hours a week for advisors.
The president of Merit Financial Advisors said deciding to merge her previous firm instead of following a succession plan allowed her to shift perspective.
The adjustments reflect how inflation is slowing down and upcoming changes to the rules based on the Secure 2.0 Act and the Tax Cuts and Jobs Act.
In trying to claim the title "No. 1 global wealth manager," Citi is putting a lot of stock in its ability to secure client referrals through its bank. Will it be enough?
Sales were mostly flat until 2020. Over the past four years though, they've nearly doubled.
An industry survey of 200 compliance officers showed that a mere 12% of respondents currently using AI said they also adopted an AI risk management framework; experts said advisory firms need an AI governance plan ASAP.
