All articles by Verdict Staff
Verdict Staff
MoneyBlock appoints new vice president of wealth and asset management
MoneyBlock, a US-based online broker-dealer serving reps and advisors, ha appointed Joseph Cusick as new vice president of wealth and asset management.
Rathbone pre-tax profit up 15% at £44.2 million in 2013
British fund manager Rathbone Brothers has posted pre-tax profit of £44.2 million for the year ended 31 December 2013, an increase of 14.8%, compared to £38.5 million in 2012.
Confidence stable but plummets in emerging markets: AIC
The latest investor confidence survey from the Association of Investment Companies (AIC) using Morningstar.co.uk underlines how easily confidence can be affected by the short-term direction of markets.
EFG International appoints head of emerging wealth
EFG International has appointed Alvin Ma to the newly created role of emerging wealth head, based in Hong Kong.
Pinnacle Wealth launches retail focused Niagara Access Alpha Fund
Pinnacle Wealth Brokers has launched Niagara Access Alpha Fund, a retail focused Canadian hedge fund structured specifically for the retail private marketplace.
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City National appoints new private banking head in New York
City National Bank has named Scott Witter as new head of its private client services group in New York, replacing Robin Balding.
Vacations and home improvement top ultra-high-net-worth expenditures: Spectrem
Vacation, home improvements and automobiles are where ultra-high-net-worth investors spent the most money in terms of discretionary spending over the past 12 months, according to a Spectrem study of wealthy investors – Asset Allocation, Product Ownership and Perception of Providers.
Chinese regulator averse to categorizing wealth management product as shadow banking
The wealth management business in Chinese banking should not be categorized as shadow banking because such activity is covered by a separate regulatory and supervisory framework, a senior official of China’s banking regulator said.
New wealth management firm launched in Minneapolis
A new independent, privately owned financial services firm, called Gradient Wealth Management, has been launched in the Minneapolis and St Paul Metro area.
Central Tanshi, Tullett Prebon agree to reorganise joint venture in Japan
Tullett Prebon, one of the world’s leading interdealer brokers, and its long-time joint venture partner in Japan, Central Tanshi, have agreed to reorganise their Tokyo business operations.