The move to offer banking services, like loans, would support the wealth management business, the firm’s CEO said during an earnings call.
Impact investing still lacks accurate data, Detroit is becoming attractive to advisors and Kestra adds Questmont Strategic Wealth Advisors.
Profit before tax at wealth management was 1.1 billion Swiss francs ($1.1 billion), just under the company-compiled estimates of 1.2 billion francs.
The focus now is on holistic planning, goal setting and having a deeper understanding of the needs of each client and what makes them tick.