While final 2015 performance figures for bank wealth management businesses will not be available until late April, data through the third quarter shows which banks are posting the greatest wealth management revenue growth.
According to the latest Sorrento-Pacific – Michael White Bank Wealth Management Report, 358 bank holding companies with more than $1 billion in assets had wealth management programs at the end of the third quarter. Of the 319 programs on track to earn a minimum of $250,000, 223 grew their revenue from the previous year, with 83 achieving double-digit gains and 38 surging 20% or more.
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