All articles by Verdict Staff

Verdict Staff

London & Capital expands UK immigration division with new hire

London based wealth manager London & Capital has appointed Cindy Lim to a key client relationship management post in its immigration division, in a move to expand its business which handles high net worth immigrants in the UK, according to International Adviser.

Hedge funds gain US$10 billion in August 2013: report

The hedge fund industry saw a net inflow of US$10 billion in August, building on an inflow of $8.2 billion in the previous month, according to BarclayHedge and TrimTabs Investment Research.

AllianceBernstein launches new retirement share class (Z)

AllianceBernstein L.P. (AllianceBernstein) has announced that as part of its commitment to provide greater flexibility to the defined contribution plan market, the firm will now offer a new non-revenue share class for a select group of mutual funds.

Wealth Management Veteran joins Abbot Downing in Naples

Lester Law, a 20-year veteran in financial and estate planning services who most recently served as a managing director of the National Wealth Strategist Group at U.S. Trust, has joined the Naples office of Abbot Downing as director of client management.

New study from Chatham Financial uncovers key financial risk management challenges

More than 75% of mid- to-large-sized companies have exposure to foreign currency risk, yet just over half are actively managing this risk through hedging, according to a recent study from Chatham Financial that analyzes the financial risk management practices of 1,075 publicly listed corporations in the US.

Candid Money’s founder launches new advisory firm

Justin Modray, the owner of Candid Money, has launched a new IFA firm called Candid Financial Advice.

Credit Suisse appoints two senior relationship managers in Jersey

Credit Suisse has named David Baker and Ian Blackman as senior relationship managers to develop the Swiss bank’s investment management business in the Jersey island.

First Trust launches new global tactical commodity strategy fund

First Trust Advisors has launched its First Trust Global Tactical Commodity Strategy Fund, an actively managed exchange-traded fund.

BofA’s wealth and investment management unit Q3 net income rises by 26%

Bank of America (BofA)’s global wealth and investment management unit has registered net income of US$719 million for the third quarter of 2013, up by 26%, compared to US$571 million during the same period over the last year.

Stifel agrees to buy Ziegler Lotsoff Capital Management

US-based financial services holding company Stifel Financial has signed an agreement to purchase Ziegler Lotsoff Capital Management (ZLCM), a Chicago and Milwaukee based asset management business.