Transcription of America’s Top 40 Wealth Management Firms 6. VANGUARD
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America’s Top 40 Wealth Management Firms 6. VANGUARD
September 25, 2017 BARRON S PENTA 29W omen are not the only force driving the fast-growing private-banking industry. The Top 40 Wealth manage - ment Firms in our exclusive annual ranking together manage $ trillion in accounts with $5 mil-lion or more, a blistering 19% rise over the prior year. In contrast, the Top 40 s average growth in assets under Management was just 2% in 2016 and 2015. In-dustry observers characterize those slow-growth years as anomalous, saying that double-digit rates are more con-sistent with the forces at work, such as ever-more newly minted millionaires seeking a home for their Wealth at one of the nation s top private banks. Another interesting countertrend: The top 10 Wealth managers growth rate was slower than the Top 40 as a whole, but they still control of the group s total assets under Management .
Sep 25, 2017 · September 25, 2017 BARRON’S PENTA 29 W omen are not the only force driving the fast-growing private-banking industry. The Top 40 Wealth Manage-ment Firms in …
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