Private client group assets at big regional jumped 4% in May from previous month and by 8% from a year ago on market appreciation and new brokers.
Corporate employees of Edward Jones in Missouri, Arizona and Canada will trickle back to offices next month but it will be “a long time” before all of the partnership’s 6,500 home-office workers return, managing partner says.
Wall Street deals are on hold. Its skyscrapers are mostly hushed. But, in a subtle sign of New York City’s reopening, Franco Anzalone is finally cutting hair again.
UBS Group AG may never bring all of its employees back to the office in a post-Covid-19 environment.
Rich hedge fund managers are talking about it. So are not-so-rich millennials. And fast-twitch gamers, and bored sports fans and — in all likelihood — some 15-year-olds you know.
Wirehouse will allow brokers in about 8% of its branches to return to their offices after four months of working from home, but like many companies is unlikely to open in densely populated areas until 2021, executives say.
Morgan Stanley teams in California, Connecticut and Florida overseeing $465 million and UBS advisors in New York and L.A. managing $568 million make pandemic moves.
Fintech startups chipped away at U.S. banks’ customer base for years, in everything from wealth management to consumer lending and beyond. Now banks says they’re taking some market share back.
Rock-bottom interest rates mean a loss of hundreds of millions of dollars and wealth profit decline, but Morgan Stanley’s Gorman is upbeat about recovery and expansion of wealth management.
UBS Group AG said net new money from Latin American individuals surged 11-fold in the first four months of 2020 as clients moved assets in a “flight to quality” spurred by the coronavirus pandemic.