Wealth Management News for Bankers
Coverage of wealth management for banks, including advisor strategy, client management, fintech, regulation and trends shaping wealth platforms.
JPMorganChase's Alfredo Porretti has left the firm; two junior Goldman Sachs bankers took part in a controversial fashion shoot; Societe Generale appointed Selina Cheung head of equity capital markets in Asia Pacific; and more in this week's banking news roundup.
New data from J.P. Morgan reveals how retirement expectations diverge from reality, and what that means for advisors helping clients navigate life after work.
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The RIA technology platform builds on its acquisition of AI-powered liability-optimization fintech Sora Finance last year.
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Federal Judge David Nye sides with a broker fired over five years ago for placing trades without first obtaining his client's permission.
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Penny Pennington has presided over a wide-ranging overhaul that has seen forays into alternative assets and banking but also heightened rates of advisor departures.
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Dynasty accuses Merrill of acting in distorting the court record in its attempt to force a dispute over a giant breakaway team before FINRA arbitrators.
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In a sternly written footnote, federal Judge Steven Merryday said the SEC's refusal to release information on its penalty calculations appears to "countenance duplicity, gamesmanship, neglect, insouciance" or worse.
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Fulton Financial received the necessary approvals to acquire Blue Foundry Bancorp; JPMorgan hired two Bank of America health care veterans while shuffling leadership; Mizuho Financial Group has plans to replace about 5,000 administrative jobs with artificial intelligence over the next 10 years; and more in this week's banking news roundup.
- Daily BriefingDelivered Every WeekdayIdeas that impact your business delivered to your inbox every day.
- RegulationTuesday, ThursdayCoverage of the CFPB, Fed, FDIC, and Dodd-Frank.
- Community BankingMondayM&A, small business, and commercial real estate lending.
- Best of the WeekFridayThe most important and widely read stories from the previous week.
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PE money eviscerates an RIA's client-first culture, leading to advisor burnout and turnover.
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RIA leaders are debating "digital employees" but expect service models to expand to meet growing HNW needs, says industry observer Ric Edelman.
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Showing up for clients is still crucial, but using AI to deliver on financial goals matters more, says Altruist's CEO.
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A new report from Cerulli Associates shows older, affluent investors are far more skeptical of AI use than their younger counterparts. Financial advisors who use AI tools in their practices say transparency is key to setting wary clients at ease.
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Financial Planning announces its 2026 class of the top 40 most productive employee wealth management brokers under the age of 40.
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For a newly launched RIA, its website is one area in which less can be more — but only if the firm's online HQ puts the right visitors on the path to conversion.
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After a long price correction in the art market, Bank of America is expanding its advisory services for collectors — and it's not alone.
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The Buffalo-based bank didn't specify the size of potential losses from a suit that grew out of the collapse of subprime auto lender Tricolor Holdings. M&T said its trust subsidiary will "vigorously defend itself" against claims by investors who allege that it should have protected them from alleged fraud.
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In keeping with its policy of outsourcing functions outside its core commercial and retail banking competency, Signature Bank near Chicago teamed with a larger trust company to fill a longstanding gap in its product set.
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