Wells Fargo recently announced the promotion of long-time executive Erik Karanik to lead the expansion of its independent advisor business. Karanik now holds the position of head of independent solutions within Wells Fargo's Wealth and Investment Management unit, reporting directly to WIM CEO Barry Sommers. Strong Foundation with Promising Future Barry Sommers expressed his … [Read more...] about Wells Fargo’s Independent Advisor Business Expansion
Wealth Management
Emigrant Bank Names Liz Nesvold as Vice Chair
Emigrant has appointed Liz Nesvold as vice chair of Emigrant Bank and chair of Emigrant Partners, the unit that makes minority investments in registered investment advisory firms. This move comes after Nesvold's successful collaboration with Emigrant on various transactions since 2017. Trusting in Nesvold's Expertise CEO Howard Millstein expressed his excitement about … [Read more...] about Emigrant Bank Names Liz Nesvold as Vice Chair
Morgan Stanley’s Wealth Management Reorganization
Morgan Stanley, a leading financial institution, has made significant changes to its wealth management executive team. These strategic moves reflect the company's ongoing efforts to adapt to the ever-changing needs of its clientele, following the appointment of a new CEO last year. Introducing Wealth Management Client Segments Under the leadership of Jed Finn, the newly … [Read more...] about Morgan Stanley’s Wealth Management Reorganization
Affluent Investors Seek More from Financial Advisors
Report highlights growing expectation for personalized service A recent report from Cerulli Associates reveals that affluent investors are increasingly relying on their investment advisors to guide their finances. With this increased reliance comes a higher expectation for a superior level of service from their financial professionals. During periods of macroeconomic turmoil, … [Read more...] about Affluent Investors Seek More from Financial Advisors
Rockefeller Capital Management Adds New York Advisors to Wealth Management Division
Rockefeller Capital Management is expanding its wealth management division with the addition of a team of top advisors based in New York. Led by Angela Mwanza, the six-person practice, now known as Oryx Legacy Partners, was previously affiliated with UBS and operated under the name Evergreen Wealth Management. Angela Mwanza, originally from Zambia, brings a wealth of experience … [Read more...] about Rockefeller Capital Management Adds New York Advisors to Wealth Management Division
