All articles by Verdict Staff
Verdict Staff
Morgan Stanley hires advisers from Wells Fargo and UBS Wealth
Morgan Stanley has recruited three financial advisers from rival firms, Wells Fargo and UBS Wealth, with a total of US$3.7 million in yearly fees and commissions.
John Hancock agrees to acquire Symetra
US based John Hancock Financial Network, a unit of Manulife Financial Corporation (MFC), has agreed to buy Washington-based Symetra Investment Services (SIS) from Symetra Financial Corporation (SYA).
Swiss parliamentary committee rejects proposed bill for tax data sharing with the US
The Swiss government’s plan to protect banks from US criminal charges is in the doldrums following a Swiss parliamentary committee’s rejection of the proposed bill on 11 June.
Liv-ex Fine Wine Index flat in May
May was a quiet month for fine wine in terms of price movements, although volumes remained reasonable.
Total Alignment Wealth Advisors launches fee-only multi-family office
New York-based Total Alignment Wealth Advisors has launched a new prohibitions-based, fee-only multi-family office model providing independent financial advice and implementation services to individuals and families with complex financial lives.
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JP Morgan’s newest trust nets £136 million during initial share offering
JP Morgan Asset Management has said that its Global Convertibles Income trust has raised £136 million (US$213 million) through its initial share offering.
Fidelity introduces M&A program aimed at RIAs
Fidelity Institutional Wealth Services has launched a platform aiming to make mergers and acquisitions easier for registered investments advisors.
Labuan FSA revokes licence of EC Trust
The Labuan Financial Services Authority (FSA) has revoked the trust company licence of EC Trust (Labuan).
FCA fines Xcap Securities GBP120,900 and applies new penalty regime
The Financial Conduct Authority (FCA) has fined Xcap Securities (Xcap), a retail investment and capital markets business, GBP120,900 for not adequately protecting client money and client assets.
UK territories wont sign up to tax deal before G8 summit, says Bermuda premier
Britain’s overseas territories will not sign up to an international convention aimed at tackling tax evasion ahead of the G8 summit to be held next week in Northern Ireland, the premier of Bermuda has said.