An external panel has recommended that Australia's Sydney University minimise investments in defence and security-related industries within its A$770 million ($510 billion) private asset portfolio ...

We view Raymond James’ strategy as appropriate. The firm is judiciously focusing on its wealth management franchise, utilizing its relative strength to fuel growth across its other business segments.

Citigroup (C) is bulking up on research of private companies, according to a media report, following rivals such as JPMorgan ...

Private equity players are creating more and more vehicles that are available to wealth managers. Financial advisors name some of their favorites.