Wealth Management industry news covering the financial markets, trends and wealth professionals.
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Sergio Ermotti, UBS' CEO since 2011, has steered the firm away from capital-heavy investment banking to focus on the more predictable business of wealth management after heavy losses during the financial crisis.
Chubb creates a cyber risk index, Reegan Rae named managing director for Arnerich Massena’s Wealth Management and Kestra adds True Alpha Wealth Management.
The acquisition of FTJ FundChoice doesn’t yet make Orion a threat to giant Envestnet, say observers, but it will help the firm capitalize on a growing demand for customized accounts at all levels of the industry.