“The Custody Risk Americas Awards reinforce our client-centric approach and emphasis on providing our clients with customized solutions for their regulatory and reporting needs,”said Dan Houlihan, head of Northern Trust Global Fund Services in
“This strategic move is part of our ongoing plan to expand our business into key wealth markets throughout the nation,” said Jack Markwalter, chairman and CEO of the Atlanta-based company in a news release.
A new study from Family Office Exchange, a global membership organization of enterprise families and their key advisors, has revealed growing profitability among multi-family offices and wealth advisors and, at the same time, increasing divergence in prof
"Honestly, I believe (the proposal) will leave millions of people without the advice they're getting today," Paul Reilly, chief executive officer of the independent brokerage Raymond James Financial
"This presents a tremendous opportunity for art financiers and wealth managers to provide a diverse range of art and wealth management services and thrive on the backs of some of the world's most affluent art collectors," she continued.
Bank holding companies generated $143.2 billion in wealth management income, up 6.5% from $134.6 billion in 2013. It was the most revenue they've ever produced since the data started to be tracked in 2007.
After Raymond James agreed to pay back clients who were wrongly sold more expensive classes of mutual funds, the firm made good on its promise, sending out checks to clients this week.