Wells Fargo has spent the last few years overhauling its wealth management business. Now, the banking giant is trying to convince hundreds of financial advisors to join that division, Bloomberg News reported Thursday (Aug. 27). According to the report, this new push focuses on wooing...
Two veterans of mobile banking firm MoneyLion have launched Astraeus, an infrastructure platform for wealth management companies. The company announced its launch last week, saying it comes as wealth management companies are trying to capitalize on artificial intelligence (AI) after years of running their businesses with a variety of different...
Swiss bank UBS is reportedly planning to launch a bank for wealthy Americans. As part of that effort, the lender is months away from trialling everyday banking services for its employees in the U.S., according to a Thursday report from the Financial Times (FT). UBS...
Investment management-focused AI startup Moment has raised $78 million in new funding. The company’s Series C round, announced Tuesday (May 19), comes as Moment works to advance adoption of its platform, which combines trading, portfolio management and compliance into one operating system. “Investment management is being rebuilt around AI,...
January 13, 2026
AI-driven longevity is redefining aging, with longer, healthier lives fueling more spending later in life. The result: inheritance happens later and looks very different.
April 07, 2025
In recent years, the narrative of financial insecurity has predominantly centered on middle and lower-income groups. However, a subtle but significant shift is emerging among high-income earners, as economic pressures...
October 16, 2023
There’s the ambition, and then there’s the reality. For Goldman Sachs, the retreat from consumer-focused, Main Street-financial services continues — evidence of just how bumpy a road can be in...
July 26, 2022
When we talk about the mass affluent, it goes beyond high-net-worth individuals and affluent retirees to people who have made a huge fortune from the sale of a business, a...
October 28, 2026
Wealthsimple has raised $302 million to expand its investment and digital finance platform. The new funding round, announced Tuesday (Oct. 27), values the Canadian company at $9.8 billion, or $13.8 billion CAD, and will help Wealthsimple expand its spending, checking, trading and investment offerings. “This raise reflects the deep conviction our partners have in Wealthsimple’s […]
August 27, 2026
Wells Fargo has spent the last few years overhauling its wealth management business. Now, the banking giant is trying to convince hundreds of financial advisors to join that division, Bloomberg...
August 10, 2026
Two veterans of mobile banking firm MoneyLion have launched Astraeus, an infrastructure platform for wealth management companies. The company announced its launch last week, saying it comes as wealth management companies are trying to capitalize...
July 02, 2026
Swiss bank UBS is reportedly planning to launch a bank for wealthy Americans. As part of that effort, the lender is months away from trialling everyday banking services for its...
