Wealth management

JPMorgan Chase & Co (NYSE: JPM) is in plans to set up another wealth management joint venture in China, reports Bloomberg. What Happened: The talks between JPMorgan and the commercial banking entity China Merchants Bank ADR (OTC: CIHKY) are in the early stages and the U.S. bank may not...

Investment management company BlackRock Inc (NYSE: BLK) has agreed to absorb operations of wealth management company Aperio Group along with the employees. Aperio is backed by private equity firm Golden Gate Capital. What Happened: The $1.05 billion acquisition deal will be settled...

With an intent to serve clients more quickly and simply, the Swiss bank UBS Group AG (NYSE: UBS) is creating a new global financing team comprising of employees from different divisions.  What Happened The new team will span across global wealth management, investment bank, financing and risk...

A few generations ago, if you were in your 50s, you were likely on the downhill slide to retirement, with most big financial decisions in the rearview mirror. But Americans are living and working longer, and a 50-something may have nearly half a life ahead. Fifty-somethings are likely in their peak...

Raymond James Financial, Inc. (NYSE: RJF) shares were 0.31-percent higher at $79.95 at the close Wednesday after the diversified financial services company said it reached an agreement to acquire Silver Lane Advisors, an investment bank that focuses on M&A transactions and other financial...

The centuries-old business of wealth management, like the rest of finance, is undergoing massive changes. Many experts view the current capital markets as frothy, and investors are wary of asset prices that can change rapidly with the mood of the market. Seemingly in tandem with a year of market...