All articles by Verdict Staff
Verdict Staff
JP Morgan holds largest share in US fixed income market: Greenwich Study
JP Morgan was rated the leader for Quality in overall US fixed-income market share, according to Greenwich Associates 2013 North America fixed-income investors study.
Bloomberg receives swap execution facility approval
Bloomberg reported that its affiliate Bloomberg SEF LLC has received temporary registration approval from the Commodity Futures Trading Commission (CFTC) to operate a multi-asset class swap execution facility (SEF).
DBS fee income from wealth management arm surges 44% in H1
Singapores DBS Group has said that fee income from its wealth management division increased 44% to SGD214 million in the first half of 2013.
Total number of Canadian HNWIs is forecast to reach over 544,000 in 2017
Total number of Canadian HNWIs is forecast to reach over 544,000 in 2017
SEC adopts new responsibility rules for broker-dealers to protect investors
The US Securities and Exchange Commission (SEC) has adopted amendments to its financial responsibility rules for broker-dealers, as well as rules designed to increase protection for investors who hold their money in such firms.
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Further Lane Wealth Management lands UBS advisor team
Further Lane Wealth Management has said that a New York City-based team of two advisors from UBS will join the firm. The team includes Stuart Conley and Harvey Spira; both will be managing directors at Further Lane.
APFA proposes new method for calculating advisors regulatory fees
The Association of Professional Financial Advisors (APFA) has proposed an overhaul to the way the Financial Conduct Authority (FCA) calculates advisors regulatory fees.
F&C Asset Managements AuM down 6% in H1
UK-based F&C Asset Managements assets under management (AuM) were £92.3 billion (US$140 billion) for the six months ended 30 June 2013, a 6% decrease compared to £98.2 billion (US$148.9 billion) for the same period last year.
Bank of America mulls raising fees for Merrill Lynch customers
Bank of America is planning to hike fees for thousands of customers at its Merrill Lynch brokerage arm as part of overhaul of the way it charges for its account-management services, the Wall Street Journal reported.
St. Jamess Place pre-tax profit surges 55% in first half
St. Jamess Place, a UK-based wealth manager part-owned by Lloyds Banking Group, has posted pre-tax profit of £90.1 million (US$137 million) for the first half of 2013, an increase of 53% from £58.9 million (US$89.34 million) in the year ago period.