Professional Wealth Management

Northern Trust Named Best Private Bank for Family Offices and Succession Planning

Retrieved on: 
Friday, November 10, 2023
Professional Services, Finance, Asset Management, Banking, Personal Finance, Accounting, Woman, Research, Equal housing lender, Overseas Private Investment Corporation, Bank, GFO, Professional Wealth Management, Financial Times, FDIC, Private banking, HarbourVest Global Private Equity, Publication, Succession planning, Financial services, Northern Trust

Northern Trust, a leading provider of wealth management services, has taken top honors in two categories from Professional Wealth Management and The Banker magazines, publications of the Financial Times Group:

Key Points: 
  • Northern Trust, a leading provider of wealth management services, has taken top honors in two categories from Professional Wealth Management and The Banker magazines, publications of the Financial Times Group:
    “Best Private Bank for Family Offices, U.S.”
    “Best Private Bank for Succession Planning, U.S.”
    In addition, Northern Trust was named Highly Commendable for the categories Best Private Bank in the U.S. and Best Private Bank for Wealthy Women, North America.
  • “There were several initiatives from Northern Trust which the judges felt worthy of note,” said Yuri Bender, editor-in-chief of Professional Wealth Management.
  • “Firstly, the role of the Northern Trust Institute in providing research and advice for both advisers and clients is a valuable asset for the business.
  • Northern Trust Wealth Management offers holistic wealth management services for affluent individuals and families, family offices, foundations and endowments, and privately held businesses.

Northern Trust Named Best Digital Innovator, Best Private Bank for Digital Wealth Planning in North America from PWM

Retrieved on: 
Monday, June 12, 2023
Technology, Finance, Consulting, Fintech, Banking, Accounting, Professional Services, Software, Asset Management, National Association of Affordable Housing Lenders, Risk management, Financial Times, FDIC, PWM, Equal housing lender, Professional Wealth Management, Digital, Cryptocurrency, Northern Trust

Northern Trust, a leading provider of wealth management services, has taken top honors in two categories from Professional Wealth Management’s (PWM) Wealth Tech Awards: Best Digital Innovator in North America and Best Private Bank for Digital Wealth Planning in North America.

Key Points: 
  • Northern Trust, a leading provider of wealth management services, has taken top honors in two categories from Professional Wealth Management’s (PWM) Wealth Tech Awards: Best Digital Innovator in North America and Best Private Bank for Digital Wealth Planning in North America.
  • The Wealth Tech Awards by PWM, a Financial Times Group publication, recognize the prominent role of technology and private banking.
  • Northern Trust Wealth Management President Steven L. Fradkin said the recognition highlights Northern Trust’s efforts to enhance proprietary technology to provide best-in-class advice and innovate the firm’s pioneering Goals Driven Wealth Management approach.
  • Northern Trust Wealth Management offers holistic wealth management services for affluent individuals and families, family offices, foundations and endowments, and privately held businesses.

Dominica and St Kitts and Nevis are some of the happiest places to live according to new report

Retrieved on: 
Wednesday, March 29, 2023
Chapter Four, WHR, Happiness, Dominica, International, Freedom, Professional Wealth Management, Social support, World Happiness Report, COVID-19, UN General Assembly Resolution 60/147, Element, PWM, Chapter One, International Day of Happiness, GDP, CBI, UN, Health, Corruption

This has prompted more people to believe that a country’s success is based on the happiness of its citizens.

Key Points: 
  • This has prompted more people to believe that a country’s success is based on the happiness of its citizens.
  • The consensus around how happiness should be measured can become an operational objective for governments around the world.
  • According to the World Happiness Report (WHR) 2023 , the Caribbean region has above average happiness level.
  • WHR develops insights into the happiness levels of each country, through GDP per capita, social support, healthy life expectancy, freedom, corruption and generosity.

The Caribbean is leading the way in immigration investment due diligence: CS Global Partners

Retrieved on: 
Friday, December 23, 2022
Professional Wealth Management, Government, Marriage, Lotus Exige, Research, PWM, Risk, CBI, Travel, Exercise, Safety, COVID-19, International law, Government Investment Unit of Indonesia, Intelligence, Creative industries, Commercial property, Bank, Private investigator

As immigration and border control become increasingly important to countries and nations across the world, the role of immigration and investment due diligence grows.

Key Points: 
  • As immigration and border control become increasingly important to countries and nations across the world, the role of immigration and investment due diligence grows.
  • As the longest-standing and most credible citizenship by investment programmes are found in the Caribbean, we take a look at what these nations can teach us about this growing industry.
  • This also applies to citizenship by investment (CBI) programmes, the first of which was launched globally in 1984 by the twin-island nation of St Kitts and Nevis in the Caribbean.
  • Citizenship by investment programmes allow successful applicants to obtain citizenship by virtue of a significant investment in a country.

Northern Trust Named Best Private Bank in U.S., Best Bank Globally for Family Offices and Best for Innovation

Retrieved on: 
Friday, November 4, 2022
Banking, Professional Services, Finance, Growth, Time, Industry, Equal housing lender, Public–Private Investment Program for Legacy Assets, Head Office, Bank, Publication, Appetite, Nasdaq, GFO, Family, FDIC, Foundation, Professional Wealth Management, HarbourVest Global Private Equity, Innovation, Goal, Financial Times, Financial services, Interior design, Northern Trust

Northern Trust Wealth Management President Steven L. Fradkin said the recognition highlights the collaborative efforts at Northern Trust to provide seamless service to clients across 25 countries, including family offices, family foundations, high-net-worth individuals and private trust and investment companies.

Key Points: 
  • Northern Trust Wealth Management President Steven L. Fradkin said the recognition highlights the collaborative efforts at Northern Trust to provide seamless service to clients across 25 countries, including family offices, family foundations, high-net-worth individuals and private trust and investment companies.
  • In addition to the Best Private Bank in the U.S. award and Best Private Bank for Innovation, Northern Trust was recognized for its Global Family and Private Investment Offices (GFO).
  • Northern Trust Wealth Management offers holistic wealth management services for affluent individuals and families, family offices, foundations and endowments, and privately held businesses.
  • Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S.

Dominica's Secret Bay pays out $1 Million in returns to CBI Investors and crosses 100+ Investor Threshold

Retrieved on: 
Friday, September 30, 2022
ROI, CBI, Professional Wealth Management, Secrecy, Sale, Publication, Residence, Growth, Telegraphy, Travel, Bermuda, CEO, National Geographic, Finance, EB-5 visa, Investment, ADR, CNN, EV, Architectural Digest, GLOBE, The Residences, Average daily rate, Travel + Leisure, Tourism, Hotel, New York Post

The globally-recognised CBI project, which is part of award-winning resort Secret Bay, just released year-over-year results between the fourth quarter of 2019 through the second quarter of 2022.

Key Points: 
  • The globally-recognised CBI project, which is part of award-winning resort Secret Bay, just released year-over-year results between the fourth quarter of 2019 through the second quarter of 2022.
  • During this period, The Residences at Secret Bay outperformed expectations related to CBI investor growth, return on investment payout, total sales, ADR, occupancy rate, and resort employee growth.
  • Between Q2 of 2021 and Q2 of 2022, The Residences at Secret Bay grew from 41 investors to 103 a 151% increase.
  • Dominica being the best kept secret in the Caribbean stands to allure this market making Secret Bay more attractive for investors.

Bank of America Clients' 1 Billion Digital Logins in July Mark the Highest Month Ever

Retrieved on: 
Thursday, August 25, 2022
Online, Digital, Bank, Technology, Merrill (company), Forecasting, NYSE, FDIC, Small business, PWA, Bank of America, Chief digital officer, Solution, Retirement, Adoption, Culture, COBE, Private bank, Merrill, No, Goal, New, Professional Wealth Management, Risk management, Bank of America Corporate Center, LLC, Risk, Security and Maintenance, Business, BAC, Industry, Environment, Bank of America Private Bank, ATM, Sales, Cryptocurrency, Online shopping, Health insurance, Financial adviser, Mobile phone, Financial services, Video game, Holding company, Q2

CHARLOTTE, N.C., Aug. 25, 2022 /PRNewswire/ -- Bank of America clients are increasingly relying on the company's award-winning digital solutions to manage their finances. Clients logged into the company's digital platforms nearly 1 billion times in July, the highest month ever. This follows a record 2.8 billion digital logins in the second quarter, up 11% year-over-year.  Today, the company has a record 55 million verified digital clients, up 5% year-over-year.  

Key Points: 
  • Clients logged into the company's digital platforms nearly 1 billion times in July, the highest month ever.
  • More than 72% of Bank of America households are actively using digital channels for more of their day-to-day needs and to plan for what's ahead.
  • More information on how Bank of America clients are engaging with digital banking is available in the bank's quarterly Trends in Digital fact sheet.
  • Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC, and a wholly owned subsidiary of Bank of America Corporation ("BofA Corp.").

Fidelis Capital Launched by Private Banking Executives formerly with Wells Fargo and Bank of America

Retrieved on: 
Monday, August 15, 2022
Trust, Securities & Exchange Commission of Pakistan, Fidelis, CFA, Family, Industry, Private bank, Senior, Technology, United States Navy, Timeline of US Navy airship units (pre-WWII), Goldman Sachs, Bank, ADV, Company, Deloitte, National Heads-Up Poker Championship, CFP, Naval flight officer, Bank of America Private Bank, Citibank, LLC, Professional Wealth Management, McKinnon, Bank of America, Wells Fargo, Solution, Partner, CPWA, Financial adviser, Financial services

TAMPA, Fla., Aug. 15, 2022 /PRNewswire/ -- Top private bankers from Wells Fargo and Bank of America today announced that they have joined forces to launch Fidelis Capital, an advisor-owned wealth management firm seeking to provide a superior private banking experience by surrounding clients with a diverse team of financial specialists who get to know each client personally in order to best provide for their financial needs.

Key Points: 
  • With teams based in both Tampa, FL and Dallas, TX, Fidelis Capital caters to select ultra-high-net-worth clients.
  • "In the past few years, the private banking model has changed drastically," said Neale Ellis, CFA, CPWA, Fidelis Capital Founding Partner & Co-Chief Investment Officer.
  • Matthew Ellis, with 24 years of experience in the financial industry, was most recently Managing Director at Wells Fargo Private Bank.
  • Founded by former private bankers from Wells Fargo and Bank of America, Fidelis Capital is the leading wealth management firm launched by principals from rival institutions.

International CBI Units Put Extra Focus on Due Diligence Processes Amid Global Risks: CS Global Partners

Retrieved on: 
Friday, May 13, 2022
Tourism, Risk, Income, Organization, Organisation of Eastern Caribbean States, Investment, Wealth management, Failure, EB-5 visa, COVID-19, Fact, Research, Industry, Gunning, Counter-terrorism, Pressure, Professional Wealth Management, Compliance, Finance, OECS, Pacific typhoon season, CBI, PWM, GLOBE, Risk management, Private investigator, Pharmaceutical industry, Lotus Exige

In the last instalment, the panel moderated by Yuri Bender, editor in chief of Professional Wealth Management magazine, discusses how international CBI units are putting extra focus on due diligence processes amid global risks.

Key Points: 
  • In the last instalment, the panel moderated by Yuri Bender, editor in chief of Professional Wealth Management magazine, discusses how international CBI units are putting extra focus on due diligence processes amid global risks.
  • It is important to also keep in mind that CBI Units will also consider the information they get from other sources such as law enforcement agencies.
  • There is never a scenario where a lighter version would be applied to an applicant when it comes to due diligence.
  • Caribbean nations are some of the most transparent in terms of reporting on their due diligence processes which has positively impacted their brand and reputation in the international market, adds Paul Singh, director at CS Global Partners an international government marketing agency.

Accelerated Application Processing (AAP) fast tracks Citizenship by Investment applications

Retrieved on: 
Friday, May 13, 2022
SGF, Advanced Accelerator Applications, Investment, Dominica citizenship by investment programme, Government, Federation, Research, Professional Wealth Management, Financial Times, CBI, AAP, Satellite navigation device, Private investigator, Life insurance

The Citizenship by Investment Programme of St Kitts and Nevis has been lauded for offering a guaranteed fast-track route to alternative citizenship, known as the Accelerated Application Process (AAP).

Key Points: 
  • The Citizenship by Investment Programme of St Kitts and Nevis has been lauded for offering a guaranteed fast-track route to alternative citizenship, known as the Accelerated Application Process (AAP).
  • The Accelerated Application Process (AAP) fast-tracks applications, and if the applicant passes the due diligence process, they can receive citizenship in as little as 60 days from the submission of an application.
  • The applicants can apply for citizenship of St Kitts and Nevis Citizenship through the widely used investment option, the Sustainable Growth Fund (SGF), which is also known as Fund Option.
  • The government makes sure that each and every application undergoes strict background checks so that only reputed as well as honest investor attains citizenship.