All articles by Verdict Staff
Verdict Staff
NPH adds Integrated to broker-dealer, advisory platforms
National Planning Holdings (NPH) has added Minnesota-based financial advisory practice Integrated Inc. Wealth Advisors (Integrated) to the broker-dealer and fee-based advisory platforms of National Planning Corporation (NPC), one of its member firm.
VP Bank Group net income plummets 40% in H1
VP Bank Group, a Liechtenstein-based private bank, has reported net income of CHF24.4m for the first half of 2016, a slump of 40.3% compared to CHF40.9m a year ago.
PraxisIFM acquires Balmor Management to boost Middle East growth
Channel Islands-based PraxisIFM has acquired Swiss fiduciary and accounting company Balmor Management, which specialises in providing family office and fiduciary services primarily to Middle East clients.
Beaufort Investment Management names new co-CIO
Beaufort Investment Management (BIM), a UK-based discretionary fund manager, has appointed Stewart Murray as its new co- CIO.
Pershing launches new mutual fund and ETF products for mass-affluent investors
Pershing, a subsidiary of BNY Mellon, has launched a new mutual fund and exchange-traded fund (ETF) solutions for emerging and mass-affluent investors.
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Australian regulator releases guidance on regulating robo-advice
The Australian Securities & Investments Commission (ASIC) has released guidance on regulating digital advice to providers to test and monitor their algorithms in its latest guidance.
Noah US names new CEO
Noah US, the US subsidiary of China-focused wealth and asset management firm Noah Holdings, has appointed Shang-yan Chuang as its new CEO.
Assets invested in ETFs/ETPs in Canada jumps 25.3% to $81bn at July-end: ETFGI
Assets invested in ETFs/ETPs listed in Canada have jumped 25.3% year to date to reach to US$81bn at the end of July 2016, according to data released by independent research and consultancy firm ETFGI.
ICBC net profit rises to $22.49bn in H1
Industrial and Commercial Bank of China (ICBC), Chinas biggest lender by assets, has reported net profit of RMB150.2bn ($22.49bn) for the first half of 2016, a rise of 0.8% compared to the year ago period.
Schroders fixed income manager to depart
Gareth Isaac, senior fixed income manager on the global multi-sector team at Schroders, is set to depart from the firm to pursue other opportunities.