All articles by Satarupa Bhowmik
Satarupa Bhowmik
DWS fined $27m for misleading ESG claims
Prosecutors said that DWS’s claims of being an ESG “leader” and that ESG was an integral part of its DNA did not match reality.
EP Wealth acquires California’s Peninsula Wealth
The partnership adds over $660m in assets under management to EP Wealth.
GAM, Gramercy collaborate on emerging market debt strategies
Philip Meier, deputy chief investment officer and head of EM Debt at Gramercy, will be key in managing GAM’s EM Debt strategies.
Waverly Advisors takes over Boston’s NBW Capital
The NBW team will join Waverly, except for Ben Niedermeyer, who is retiring after almost 50 years in investment management.
New private markets investment firm PeakAlts launches in US
The company focuses on private equity, private credit, real assets, esoterics, and niche co-investments.
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Wealth Enhancement buys First International Bank’s Wealth Services arm
The division, overseeing $581m in client assets, will move to Wealth Enhancement Trust Services.
WT Financial and Merchant Wealth establish JV
The new entity WTL & MWP Investco aims to provide growth capital to financial advice practices in Australia.
LPL Financial to buy Commonwealth Financial for $2.7bn
LPL will explore ways to bring Commonwealth’s advisor experience and capabilities, developed with Advisor360°, to its ecosystem.
Seven2 to purchase majority stake in wealth platform HRK LUNIS
HRK LUNIS offers a full suite of competitive wealth management services, including discretionary and advisory wealth management.
Quintet Private Bank profit rises 45% in 2024
Quintet’s total group income for 2024 was €571.8m ($616.5m), a slight decline from €602.4m ($649.5m) in 2023.