All articles by Verdict Staff
Verdict Staff
$1bn group quits Arnerich Massena to launch independent RIA
A team managing about $1bn in assets has broken away from Portland-based financial advisory practice Arnerich Massena to set up an independent registered investment advisory (RIA) firm, known as Allium Financial Advisors.
MUFG closes acquisition of Guggenheim Partners Rydex Fund Services
MUFG Investor Services has closed the acquisition of Guggenheim Partners 1940-Act mutual fund administration business Rydex Fund Services from Guggenheim Investments.
HSBC GAM names new global head of client strategy
HSBC Global Asset Management (GAM) has appointed Brian Heyworth as its global head of client strategy.
Smith & Williamson annual operating income rises 3.4%
Smith & Williamson, a UK-based accountancy, investment management and tax group, has posted operating income of £222.5m for the year ending 30 April 2016, up 3.4% compared to £215m a year ago.
Investec Wealth & Investment names new London office head
Investec Wealth & Investment (IW&I) has named Louise Hall as the new head of its London office, replacing David Bulteel who is set to take over as head of IW&Is international arm.
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Fairstone Group buys Welsh advice firm DHD Wealth Management
Fairstone Group has snapped up Welsh advice firm DHD Wealth Management in a downstream buyout deal.
Australias AMP rolls out new financial advice business
Australian investment manager AMP has introduced a new financial advice business that will combine interactive technology with personalised advice to assist clients in planning their goals.
Fifth Third Private Bank names managing director for Michigan
Fifth Third Bancorp has appointed Reuben Rashty as the senior vice president and managing director of Private Bank in Michigan and executive director of Mirador Family Wealth Advisors.
Luxury living cost drops in Asia; Shanghai takes top spot as most expensive city
The cost of luxury living has dropped 1.68% in USD terms in 2016 in Asia, with Shanghai retaining its top position as the most expensive city, according to Julius Baers latest Asia wealth report.
361 Capital to snap up BRC Investment Management
361 Capital, a US-based investment firm that specialises in liquid alternative mutual funds, has agreed to acquire equity money manager BRC Investment Management for an undisclosed amount.