All articles by Verdict Staff
Verdict Staff
Link to buy Deutsche Bank registrar services GmbH
Link Market Services, a provider of share registry and associated value-added services in Australasia, has agreed to buy Deutsche Banks registrar services GmbH.
Wells Fargo’s wealth, brokerage and retirement unit posts 40% surge in Q4 income
Wells Fargo’s wealth, brokerage and retirement unit has reported a net income of US$491 million for the fourth quarter of 2013, an increase of 40% compared to US$351 million reported a year ago.
U.S. Capital Advisors appoints new senior managing director
U.S. Capital Advisors (USCA) has appointed Steve Head as senior managing director and Dallas market manager.
Gemini selects Broadridge to improve processing efficiency and reduce risk
Gemini Fund Services, an engaged partner to independent advisors as a provider of comprehensive, pooled investment solutions, announces that it is integrating the PROactive Reconciliation solution from Broadridge Financial Solutions onto its platform.
DeAWM names new head of real estate asset management
Deutsche Wealth & Asset Management (DeAWM) has named Hugo Vere as new head of real estate asset management.
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World’s ultra wealthy hold a fifth of their wealth (US$5.3 trillion) in real estate assets
Private wealth is increasingly shaping the world’s real estate markets and the use of private equity in major property deals worth at least US$10 million has nearly trebled since 2009, according to new analysis from international real estate advisor, Savills, in association with Wealth-X.
Convergent Wealth Advisors expands wealth management in New York
Nicole M Cost has joined Convergent Wealth Advisors in the companys Manhattan office as managing director.
Robeco appoints new chief representative for South Korea office
Robeco Institutional Asset Management has appointed Ryan Changwon Kim as new chief representative for South Korea office.
Facebook COO sells 283,334 shares for $13.36m
Sheryl Sandberg, COO of Facebook Inc., the US-based technology company, has sold 283,334 shares, representing a 0.0115% stake in the company.
Renovate, collaborate, innovate… or die -a tech view of the transfer of wealth
Over the next 30 years, annually USD 1 trillion in wealth will be passed down to generations X and Y (those born between c.1960s-2000). This raises significant challenges for wealth management (WM) firms who need to offer attractive propositions to both older and younger clients whose interactional and transactional preferences differ widely. Statistics highlight the magnitude of the challenge:the intergenerational asset retention rate of WM firms currently lies between 51%(PWC) and a mere 5% (Aite Group).