All articles by Verdict Staff
Verdict Staff
Investment proposition set to expand
Subject to FSA approvals, the expansion, due in Q2, will see Omnis roll out two new ranges of risk-rated outsourcing solutions, with underlying funds managed by leading asset managers including Jupiter, Schroders and The Boston Company.
Commonwealth Bank launches MyWealth platform
Australia-based Commonwealth Bank has launched a new platform, called MyWealth, which attempts to attract the three million Australian independent investors to trade shares, ETFs and fixed interest investments online.
Sanlam UK sells stake in Punter Southall
Sanlam UK, part of South Africa-based financial services group, has sold its 21.6% stake in actuarial consultants Punter Southall Group back to the principals and staff at the firm so as to focus on its wealth business.
Millennial investors are more conservative and less trusting of financial advisors than Baby-Boom and Gen X investors: Survey
A survey of more than 1,000 high-income, digitally savvy US investors has revealed that millennials are the most determined to learn how to invest and pass along wealth to their families.
CommBank launches MyWealth in answer to the new era of self-directed investing
In response to the needs of self-directed investors, Commonwealth Bank has launched MyWealth, mywealth.com.au, an innovative online platform that will help Australians create and manage their financial futures. MyWealth is an Australian first that will change the way both new and experienced investors build and manage their wealth bringing together their investing and banking, in one online destination.
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European Commission brings out rules on anti-money laundering
The European Commission has adopted two proposals to reinforce the EU’s existing rules on anti-money laundering and fund transfers. The threats associated with money laundering and terrorist financing are constantly evolving, which requires regular updates of the rules.
Younger advisors are more collaborative than older advisors: Study
Pershing, a BNY Mellon company has launched an independent study, titled, Inaugural Study of Advisory Success, which shows that 60% of older advisors prefer to work independently and are less team-oriented than the younger advisors.
Desjardins Group to invest in Qtrade Financial Group
Desjardins Group (Desjardins) and Qtrade Financial Group (Qtrade) are pleased to announce that Qtrade and Desjardins Financial Corporation Inc., a subsidiary of Desjardins, have entered into a definitive agreement whereby Desjardins will initially purchase between 25% and 40% of the outstanding shares of Qtrade from current security holders (on a fully-diluted basis) by way of a statutory plan of arrangement under the Canada Business Corporations Act.
Capital Bank appoints wealth management executive
Capital Bank has appointed F. Britt Borders as a wealth management executive.
Northern Trust Enhances Delivery of Risk and Performance Data for Institutional and Wealth Clients
To help institutional and wealth clients oversee large, sophisticated investment portfolios, Northern Trust has added peer universe comparisons to the range of risk and performance information available through Northern Trust Data Direct, which streams a variety of data into customizable Microsoft Excel® reports.