All articles by Prasanna Gullapalli
Prasanna Gullapalli
Wealth Enhancement to buy independent RIA AEGIS Financial
AEGIS Financial’s team, consisting of five advisers and 10 support staff, manages client assets exceeding $468m.
Germany’s BaFin levies $52m fine on JP Morgan
The penalty is stated to be the result of “shortcomings” in the bank’s systems for preventing money laundering.
BofA eyes moderate asset growth for wealth management division – report
Merrill Wealth Management co-president Eric Schimpf stated that pre-tax margins could expand between 4% and 6% over the coming years.
ARQA rolls out AI Workflows to streamline wealth management processes
Designed for enterprise use, AI Workflows serves as a bridge across data silos and operational systems.
Perpetual enters exclusive talks with Bain Capital over wealth unit divestment
For its recent full-year results, Perpetual’s wealth management division reported revenue of A$235.6m.
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Osaic adds Four Pillars Investment Management to its network
Led by investment advisor John T Evans, Four Pillars brings around $143m in assets to Osaic.
Julius Baer secures regulatory clearance for new office in Portugal
The new Lisbon office will be situated at Avenida da Liberdade 196, and will provide services to ultra-high and high-net-worth clients.
UBS files for US banking license to enhance wealth management offerings
The bank expects to receive the necessary regulatory approval in 2026.
DWS Group to open new Abu Dhabi office – report
DWS’s Middle East & Africa coverage head Joe Kiwan will reportedly transfer from Paris to oversee the inaugural establishment in the Middle East.
Piper Sandler agrees to acquire MENA Growth Partners
MENA Growth Partners’ founder, along with his team, will join Piper Sandler as consultants.