All articles by Verdict Staff
Verdict Staff
DeVere Group shuts down offices in Cyprus, Luxembourg
The deVere Group has closed its offices in Cyprus and Luxembourg, and is now looking after its clients in these markets from its Financial Conduct Authority-regulated UK office, according to International Adviser.
Henderson Groups AuM up 7% in H1
Henderson Groups assets under management (AuM) stood at £67.9 billion (US$105.4 billion) for the six months ended 30 June 2013, a 6.7% increase compared to £63.6 billion (US$98.8 billion) for the same period last year.
Schwab rolls out six new ETFs
Charles Schwab Investment Management (CSIM), an exchange-traded funds (ETFs) provider, has reported that six new Schwab Fundamental Index(R) ETFs will begin trading next week.
Queensland Court orders wind up of LM Mortgage Income Fund
The Supreme Court of Queensland has ruled that the $400 million LM First Mortgage Income Fund be wound up by FTI Consulting, which is the administrator of the fund manager, LM Investment Management.
Nucleus appoints chairman of advisory board
Adviser-owned wrap Nucleus has appointed IFA Mike Seddon as chairman of its influential advisory board.
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ING Financial Partners builds wealth management platform to support advisory business
ING Us, through its broker-dealer, ING Financial Partners, will be launching a new wealth management platform for financial advisors and the clients they serve.
Neptune UK Higher Income fund manager resigns
Emma Mogford, the manager of Neptune UK Higher Income fund, has left the asset management house.
AMPs Genesys Wealth network acquires four new firms
Genesys Wealth Advisers, financial advice arm of AMP, has acquired Wealth Plus Solutions and three other financial planning practices to its adviser dealer group.
Latin American private real estate fund market set for huge growth
Preqin data has showed a record number of private real estate funds focusing on Latin America are currently in market, targeting an aggregate US$3.8 billion in investor commitments, as fund managers increasingly see more opportunities in the region.
FCA fines compliance officer and broker over £100k over market abuse
The Financial Conduct Authority (FCA) has fined David Davis, senior partner and compliance officer of Paul E Schweder Miller & Co, £70,258, and Vandana Parikh, a broker at the same firm, £45,673, for failing to act with due skill, care and diligence in the period leading up to the illegal manipulation of the closing price of securities traded on the London Stock Exchange (LSE) by Rameshkumar Goenka, a Dubai based private investor, in October 2010.