The assets under management at wealth management and private banking firms rose an average of 17 percent in 2017, according to Scorpio Partnership’s 2018 Global Private Banking Benchmark report.
InvestCloud looks across the Atlantic in its purchase of London-based rplan. The acquired client engagement provider's clients include four of the top eight institutional asset managers in the U.K.
A recent survey of high-net-worth individuals commissioned by Boston Private, a publicly-traded wealth management and private banking firm that manages $7.8 billion in assets, found generations define wealth quite differently. Many of the 300 participants with between $1 million and $20 million in assets defined wealth as "peace of mind" (65 percent). But Millennials pulled that number down. ...
A Disconnect Between Philanthropy And Mental Health Social entrepreneurs are turning their focus to mental health in America, according to Worth, an area that's been overlooked by the philanthropic community. Just 8 percent of U.S. charitable dollars went to health causes, said Giving USA in their 2017 review, despite statistics showing that roughly 20 percent of Americans will end up facing a mental illness in their lifetimes. ...
