Global wealth and investment management is a key component of the global financial services industry. With the recent developments in the sector, it is important to understand the trends, the implications, and the outlook of the global wealth and investment management sector.
The Global Wealth and investment Management (GWIM) division of the financial services industry includes Merrill Lynch Wealth Management, and has seen total revenue increase marginally, even as average deposits declined. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and investment Bank.
The recent developments in global wealth and investment management can be seen in the acquisitions, investment, and appointments of key personnel. Global Wealth Management investment Advisory Inc. acquired a new position in NextEra Energy Partners during the 1st quarter valued at $36,000. Global Wealth Management investment Advisory Inc. also boosted its stake in New York Community Bancorp by 58.3% during the first quarter. Global Wealth Management investment Advisory Inc. also increased its holdings in shares of Packaging Co. of America by 1.3% during the first quarter.