In an expansion move, global insurance brokerage and financial services firm Hub International Limited has acquired the assets of Golden Green, Inc., known as Golden Corner Wealth Advisors. The South Carolina-based Golden Corner Wealth Advisors, a financial advisory firm, specializes in wealth management and retirement. The founder of Golden Corner Wealth Advisors, Jim Charbonneau, along […]
Edelweiss Financial Services Ltd (EFSL), an Indian investment and financial services company, has secured approval from its shareholders for the previously announced demerger of its wealth management business. Previously known as Edelweiss Wealth Management, the wealth management business post-separation will be listed as Nuvama Wealth Management Limited (NWML). In 2020, Pacific Alliance Group (PAG), an […]
Sequoia Financial Group announced it signed an agreement to acquire Zeke Capital Advisors, a financial advisory firm located in Pennsylvania for an undisclosed price. The deal, set to be completed by 28 February 2023, will result in an entity with client assets of over $15 billion. Zeke Capital Advisors was established in the year 2008 […]
Tata Consultancy Services (TCS) said that Taiwan-based CTBC Bank has chosen TCS BaNCS for Banking and Wealth Management for the digital transformation of its business as well as to fuel its future growth. CTBC Bank opted for TCS BaNCS to streamline its IT landscape and provide its customers with new and engaging digital experiences. Titan […]
Nebraska-based Carson Group has acquired Northface Capital Holdings, a financial planning and wealth management firm, for an undisclosed price. Based in Massachusetts, Northface Capital Holdings has $200 million in assets under management. Carson Group said that Chris Tobey, the previous owner of Northface Capital Holdings sold the business for multiple reasons. The main factor is […]
Envestnet, a US-based provider of intelligent systems for wealth management and financial wellness, has entered into a partnership with Tata Consultancy Services (TCS) to increase the operational scale and business agility of its data and analytics business in India. Under the agreement, Tata Consultancy Services will help in globally scaling Envestnet’s Data and Analytics business […]
Citigroup Q2 2022 results : Citigroup has reported a net income of $4.5 billion for the second quarter of 2022 (Q2 2022), a decrease of 27%, compared to $6.19 billion in the same quarter of the previous year. The American investment banking company registered earnings per share (EPS) of $2.19, which is a 23% decline […]
HUB International said that it has acquired the assets of Heritage Wealth Management Group, a Pennsylvania-based financial services provider, for an undisclosed price. Heritage Wealth Management Group serves clients across Western Pennsylvania by helping them in reaching their long-term financial goals. The financial services provider is said to have 300 clients and as of January […]
Clime Investment Management Limited (CIW), an Australian investment advice company, said that its board has reached an agreement with the principals of MTIS Wealth Management and its in-house accounting firm Investment Strategists Accounting Services (ISAS) to acquire their operating assets for A$7 million. MTIS is a Melbourne-based wealth management, advisory, and accounting/tax services business. It […]
HCL Technologies said that its fully-owned subsidiary — HCL Technologies UK Limited, has agreed to acquire Confinale AG, a Swiss digital banking and wealth management consulting company. The consideration for the acquisition is CHF 53 million (INR 41,242 crores or $54 million) in cash, which includes earn-outs. Established in 2012, Confinale is engaged in IT […]