Wealth management

Financial advisors are drowning in paperwork, outdated tech and inefficiencies. Enter Savvy Wealth, the digital-first platform revolutionizing wealth management. In an exclusive Benzinga interview at Future Proof CityWide in Miami, Florida, CEO Ritik Malhotra explained how Savvy is modernizing...

Morgan Stanley (NYSE:MS) stock received price target increases from analysts after beating Street estimates and showing strength across multiple company segments in third-quarter financial results. The Morgan Stanley Analysts: Barclays analyst Jason Goldberg maintained an Overweight rating and...

Bank of America Corporation (NYSE:BAC) shares are trading higher on Tuesday. The bank appointed two executives to spearhead a new initiative aimed at integrating its investment banking and wealth management divisions. The bank targets increased asset growth and deal opportunities, as reported...

As leaders at the forefront of innovation and strategic decision-making, navigating the complexities of personal wealth management can often seem like a jigsaw puzzle. It's a paradox that many find themselves in - excelling in the boardroom but struggling with financial uncertainties under the...

Key Takeaways: An equity swap will give a group of Fanhua shareholders 77% of wealth management firm Puyi, and a Puyi shareholder group 50.1% of Fanhua The deal comes as Puyi struggles with shrinking revenue and ongoing losses By Warren Yang Wealth manager Puyi Inc. (NASDAQ: PUYI) has...

Key Takeaways: Hywin said it was dealing with “redemption issues” over some asset-backed products it distributed, sparking a massive selloff of its shares The company traditionally relied heavily on real estate-linked wealth management products, but has been trying to move into other...

Key Takeaways: Futu’s fee-based revenue rose 5.3% in the third quarter, while its overall revenue jumped 36% on a big increase in its interest income Analysts were excited about the company’s recent move into Japan, though Futu cautioned the market could be tough as more local brokers...

In a transformative move for the financial advisory industry, Apex Fintech Solutions is pioneering hybrid financial models, merging traditional advisory expertise with cutting-edge technology, and democratizing investment through innovations like fractional investing. Speaking at Benzinga Fintech...

Brian Barnes, founder and CEO of M1 Finance on Monday delved into the integration of cryptocurrency into M1's platform, aligning it with the company's strategy of long-term wealth building rather than short-term trading, marking a significant step in modernizing financial services....

Crypto custody specialist BitGo announced the acquisition of a software platform, HeightZero in a strategic move amid the rising institutional interest in crypto wealth management.  What Happened: HeightZero focuses on providing wealth managers with tools to incorporate cryptocurrencies into...

The banking behemoth, Wells Fargo & Co. (NYSE: WFC), is on the offensive in the wealth management sector, after a turnaround effort costing nearly $1 billion over three years. As per Bloomberg, Wells Fargo is seeking to attract hundreds of independent advisors to join its platform. This is part...

With Quiver Quantitative’s recent institutional holdings data, we can see that several hedge funds and asset managers have been increasing their holdings in Ameriprise Financial Inc. (NYSE: AMP). Firms such as Nuveen Asset Management, Balyasny Asset Management, and JP...

Venture firm Sequoia Capital has undergone significant changes over the past year, marked by market volatility, a split, and the departure of at least five investors. What Happened: Michael Moritz, a long-standing partner since 1986, is stepping away from the venture firm to concentrate on Sequoia...

The fintech industry is booming. The sector can be broadly categorized by: Technology: AI, blockchain and distributed computing Service: Payment, fund transfer, personal finance, loans, insurance and wealth management Application: Banking, insurance and securities...

A private Bitcoin (CRYPTO: BTC) fund is now reportedly in the works at JPMorgan Chase & Co (NYSE: JPM) even though its CEO Jamie Dimon has been less than enthusiastic about the apex cryptocurrency in the past. What Happened: The New York-headquartered bank began pitching the Bitcoin fund to its...