All articles by Verdict Staff
Verdict Staff
TD Bank plans to double advisers headcount in US-report
Canadas Toronto-Dominion Bank (TD Bank) is reportedly planning to hire additional 150 private-wealth advisers in the US over the next two years, as part of the banks strategy to boost its wealth management business in the country.
Net sales of UCITS increases significantly in January to EUR 71 billion: EFAMA
The European Fund and Asset Management Association (EFAMA) has published its latest Investment Funds Industry Fact Sheet, which provides net sales of UCITS and non-UCITS for December 2013 and the entire year of 2013, as well as net assets data at the end of 2013.
Barclays plans investment bank overhaul, to cut thousands of jobs
British banking giant Barclays is planning a sweeping overhaul of its investment banking business in order slash rising operational cost. The move is expected to result in thousands of job cuts.
More than half of compliance officers expect personal liability to increase in 2014: Thomson Reuters
Thomson Reuters announced the findings of its annual Cost of Compliance survey which revealed that 53% of compliance officers now feel that their personal liability has increased; a reflection of increased focus on senior individuals at the supranational level.
HighTower launches new fee-for-service platform for wealth managers
HighTower, a US-based advisory-brokerage firm, has launched HighTower Alliance, a fee-for-service platform for independent wealth managers.
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FINRA Foundation study finds millennials struggle financially
The FINRA Investor Education Foundation’s new study, The Financial Capability of Young Adults — A Generational View reveals that millennials display low levels of financial literacy, engage in problematic financial behaviors and express concerns about their debt.
UKs FCA names new investment banking head
The UK’s Financial Conduct Authority (FCA) has named Julia Hoggett as new head of investment banking division. She will start in early May.
SEI expands Advisors’ Inner Circle Trust Solution to provide turnkey fund structure
As demand for alternative strategies packaged as retail mutual funds continues to grow, SEI has launched The Advisors’ Inner Circle Fund (AIC) III with an eye towards helping managers of private funds enter the retail space.
Alceda Asset Management receives AIFM licence in Germany
Alceda Asset Management has received licence from the German Federal Financial Supervisory Authority (BaFin) to act as multi-asset alternative investment fund manager (AIFM).
Objectway Group acquires more than 30 new eXimius clients in 5 territories
In January 2013, Objectway acquired eXimius, a leading international Wealth Management software solution provider, from Thomson Reuters. The objective was twofold.