All articles by Verdict Staff
Verdict Staff
AJ Bell introduces low-cost managed portfolio service for advisers
AJ Bell, a UK-based provider of online investment platforms, has expanded its investment offering by rolling out a passives-only managed portfolio service (MPS) for financial advisers.
Rathbones hires new equity research head
British wealth manager Rathbones has appointed Sanjiv Tumkur as its new head of equity research.
Brooks Macdonald, Pareto partner for discretionary investment services
British wealth manager Brooks Macdonald has entered into a partnership with Pareto Financial Planning to allow Paretos clients to access its discretionary investment services.
CMBC International invests into CARRET Private Asia unit
Chinese lender CMBC International (CMBCI) has invested into the Asian private wealth management business of CARRET Private Investments (Asia), an affiliate of CARRET Asset Management.
Westpac subsidiary to buy stake in Hong Kongs Seyon Asset Management
Sydney-based Ascalon Capital Managers, a unit of Westpac, has agreed to acquire an equity stake in Hong Kong-based hedge fund Seyon Asset Management.
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BCA Research introduces EM Equity Sector Strategy service
Canadian independent investment research provider BCA Research has unveiled a new service that will offer investors actionable research and investment recommendations in the emerging markets equity space.
Wells Fargo Advisors gets new president and head
American banking giant Wells Fargo has appointed David Kowach as president and head of Wells Fargo Advisors, replacing Mary Mack, who has been named as head of the groups community banking business.
Bill Miller acquires Legg Masons stake fund company LMM
Fund manager Bill Miller has signed an agreement to acquire Legg Masons stake in his fund company LMM. Terms of the transaction were not disclosed.
Ultimus Fund Solutions to offer fund administration services for Canterburys first mutual fund
Ultimus Fund Solutions has announced plans to offer comprehensive fund administration services to Indiana-based Canterbury Investment Management as the latter rolls out its first mutual fund.
Old Mutual Wealth adjusted operating profit plummets 31% in H1
Old Mutual Wealth has reported adjusted operating profit of £104m for the first half of 2016, a slump of 31% compared to £151m a year earlier.