US-based private equity firm GTCR has agreed to acquire Fiduciary Trust Company (Fiduciary) for an undisclosed sum, to expand wealth management services. GTCR will partner with Fiduciary’s CEO Austin Shapard, and management team to accelerate growth and expand service offerings for ultra-high-net-worth clients. Founded in 1885 as a family office, Fiduciary is a US-based private wealth manager and trust company, managing around $34bn in total assets as of 30 September 2025. It provides comprehensive weal ...

Let the good times roll. Some of Wall Street’s biggest names, including BlackRock, Goldman Sachs, JPMorgan and others, delivered another round of stellar earnings this week, supported by strong revenues in their wealth and asset management divisions. BlackRock, the world’s largest asset manager, reported a record $13.5 trillion in assets, up 17% year-over-year. Much of the growth came from its expansion into private markets, particularly its acquisition of HPS Investment Partners, which added $165 billion ...