All articles by Vidyasagar Maddela
Vidyasagar Maddela
UBS may cut 10,000 jobs by 2027 – report
The potential job cuts may represent around 9% of the bank’s total workforce.
Barclays considers bid for UK wealth manager Evelyn Partners – report
The potential acquisition would allow Barclays to expand its presence in the mass-affluent segment.
Vanguard plans to expand in Miami to target Latin American wealth – report
Vanguard also plans to expand offshore services in other US locations, including California and Houston, within the next 12 to 18 months.
Summit Financial invests in Ivy Wealth Management
Summit Financial’s minority-stake investment in Ivy Wealth Management adds $500m in client assets.
Daiwa Securities to invest $32m in Indian’s Ambit Wealth
Daiwa Securities will appoint one member to Ambit Wealth’s board of directors.
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Mercer Advisors acquires Glass Jacobson
The deal strengthens Mercer Advisors’ presence in the Mid-Atlantic region and expands its reach across the Baltimore and Washington.
Creative Planning acquires US registered investment advisor Burt Wealth
The acquisition of Burt Wealth Advisors is expected to expand Creative Planning’s presence and increase its AUM.
Wealthfront announces plans for IPO and Nasdaq listing
Wealthfront targets a valuation of up to $2.05bn and aims to raise $485m by offering 34,615,384 shares.
JP Morgan to double Swiss private banking business by 2030
JP Morgan managed $55.6bn in Swiss private banking assets at the end of last year.
Goldman Sachs agrees to acquire Innovator Capital for $2bn
Innovator currently manages 159 defined outcome ETFs.