All articles by Verdict Staff
Verdict Staff
US economy and EM growth creating new investment trends: Merrill Lynch-US Trust
Resurgence of the US economy, innovation, and rising levels of wealth in emerging markets, are reshaping financial markets globally as well as altering how, when and where individuals or institutions invest, according to a new report by Bank of America (BofA) Merrill Lynch Global Research and US Trust.
Merrill Lynch lures wealth advisor from Credit Suisse
Merrill Lynch Wealth Management has hired wealth advisor Vishal Bakshi as a managing director for its private wealth management office in Midtown Manhattan.
TASA to include advisers by July 2013
The tax agents services act (TASA) has been delayed to 1 July 2013, to introduce a “financial adviser services” category for advisers.
New Vernon Capital deploys Gravitas Private Cloud for applications and portfolio services
Investment manager New Vernon Capital has deployed Gravitas Private Cloud for several core systems. which is a scalable and integrated solution built on VCE’s VBlock virtualisation and cloud technology.
Equities regain position as best-selling asset class in UK market
Equity funds regained their position as best-sellers in the UK market in April 2013, with net retail sales of £799 million compared with £103 million in March, according to figures from the Investment Management Association (IMA).
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Lloyds to sell Miami international private banking unit to Banco Sabadell
Following plans to sell its international business to Swiss wealth management specialist Union Bancaire Privee (UBP) for GBP100 million, Lloyds Banking Group plans to sell its international private banking unit in Miami to Banco Sabadell.
Bank Sarasin makes key appointments in sustainable asset management
Bank Sarasin is focusing on its strengths in sustainable asset management with some key appointments of experienced professionals in its asset management, products and sales division.
Bellpenny completes purchase of The County Partnership
British wealth manager Bellpenny has completed the purchase of Cheltenham-based financial planning firm The County Partnership for an undisclosed sum.
US hedge fund investors willing to take more risk: TSR survey
A recent 2013 survey of US wealth managers by adviser TSR reveals that underlying US hedge fund investors do not want to be left behind in a flourishing market; and as such are willing to take on slightly more risk for increased performance.
Nine more countries sign up for tax deal
A wealth of information about companies and individuals registered in tax havens will be shared with the UK after nine more countries, including Luxembourg, Austria and Singapore, signed up to international tax protocols.