Hong Kong SFC Asset & Wealth Management Report 2022: $3.9 Trillion Asset & Wealth Management AUM with 54,322 Staff, 64% Non-Hong Kong Investors & 36% Hong Kong Investors, $1.14 Trillion Private Banking & Wealth Management AUM with 100 Ins
Institutional investors remain committed to the best-performing sectors, although there is some interest in newer subsectors, according to exclusive WMRE research.
The financial professionals joining Cetera in the aftermath of the deal represent about $50 billion in client assets, with one Cetera exec saying the deal marked the “beginning of a new phase” for the company.
The U.S. wealth business is still the sweet spot for CI Financial, growing earnings by nearly half as the firm continues integrating its acquired RIAs under the new Corient brand.