Netwealth appoints former Jupiter executive as new chairman
Digital wealth manager, Netwealth, has appointed Edward Bonham Carter as the firm’s new chairman. The former Jupiter chief executive has…
Alternative investment platform iCapital Network brokers deal to buy AI Insight
Fintech platform iCapital Network, which connects advisers and investors with alternative investment managers, has agreed to purchase the assets of AI Insight for an undisclosed amount. AI Insight is an…
22 Jan 2021
Mercer Advisors continues buying spree with Hart Capital deal
Colorado-based RIA aggregator Mercer Global Advisors has bought Washington-based wealth management firm Hart Capital Management for an undisclosed sum. Founded in 1998 by Craig Hart, Hart Capital provides a suite…
22 Jan 2021
UBP reports growth in AUM on strong inflows across all markets
Swiss private bank Union Bancaire Privée (UBP) reported a flat income in 2020, despite a significant reduction in net interest margins amid declining US rates. However, the bank recorded inflows…
22 Jan 2021
BNY Mellon profit plunges in Q4 2020
BNY Mellon has reported a 50% slump in net income and a 20% decrease in total revenue in Q4 2020. However, the firm registered growth in both assets under custody…
21 Jan 2021
AJ Bell Investments announce 100% increase in annual AuM
AJ Bell Investments’ has debuted its first reporting of assets under management (AuM) for the quarter ending 31 December 2020, standing at a £1bn ($1.3bn). This figure represents a 100%…
21 Jan 2021
Wealth manager Covenant closes One Advocate Group takeover
San Antonio, Texas-based wealth management firm Covenant Multifamily Offices has expanded its presence in its home market by concluding the acquisition of financial planning and investment advisory firm One Advocate…
21 Jan 2021