All articles by Verdict Staff
Verdict Staff
Private Ocean expands investment committee
Dr. Frederick E. Dopfel has joined Marin County wealth management firm Private Ocean as an owner.
Morgan Stanley seeks new acquisitions to boost wealth management business – report
Greg Fleming, who runs Morgan Stanleys wealth management franchise and its investment management business, is planning to expand the firms $373-billion investment franchise known as Morgan Stanley Investment Management by making new acquisition.
BNY Mellon announces nomination for Board of Directors
BNY Mellon has announced that its Board of Directors, upon recommendation by the Corporate Governance and Nominating Committee, has added Jeffrey A. Goldstein to the slate of director nominees for election at the corporation’s annual meeting on April 8, 2014.
Ashmore Group H1 pre-tax profit down 34%
British investment manager Ashmore Group has reported pre-tax profit of £79.5 million for the first, a decline of nearly 34 compared with £120.2 million a year ago.
Schwab rolls out Schwab OpenView Mobile
After a successful pilot, Schwab Performance Technologies(R) (SPT) has announced the roll out of Schwab OpenView Mobile, a customizable app that RIAs can use to create a turnkey, branded mobile presence for their firms, enabling 24/7 connection with clients.
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Credit Suisse to testify at US Senate committee hearing on offshore tax evasion
The chief of Swiss bank Credit Suisse Group, Brady Dougan, is to testify at a US Senate committees hearing on offshore tax evasion.
Standard Chartered Jordan to offer custodian services in Jordanian market
The Jordan Securities Commission has issued a custody licence to Standard Chartered Jordan to offer its custodian services in the Jordanian market.
Cordium snaps up Zodiac Advisory Services
Cordium, a UK-based provider of compliance consulting and software to the financial services industry, has acquired Maltese advisory and compliance consultancy Zodiac Advisory Services.
FINRA fines Berthel Fisher and affiliate, Securities Management & Research for supervisory failures
The Financial Industry Regulatory Authority (FINRA) has fined Berthel Fisher & Company Financial Services, Inc. and its affiliate, Securities Management & Research, Inc., of Marion, Iowa, a combined $775,000 for supervisory deficiencies, including Berthel Fisher’s failure to supervise the sale of non-traded real estate investment trusts (REITs), and leveraged and inverse exchange-traded funds (ETFs).
US agencies permit certain banking organizations to begin using advanced approaches framework
The Federal Reserve Board and the Office of the Comptroller of the Currency has permitted certain banking organizations to begin using an additional approach to determine their risk-based capital requirements.