All articles by Verdict Staff
Verdict Staff
Schwab reports fourth quarter net income up 29% Year-Over-Year
The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2012 was $211 million, down 15% from $247 million for the third quarter of 2012, and up 29% from $163 million for the fourth quarter of 2011.
US Trust launches Family Wealth Services
US Trust has launched Family Wealth Services, a comprehensive approach to meeting the specialized needs of HNW families and the increasingly complex issues being currently faced by parents, children and extended family members.
SEC appoints deputy director of division of investment management
Securities and Exchange Commission (SEC) has appointed David Grim as the deputy director of its division of investment management, overseeing federally registered investment advisors.
Siam Commercial Bank upgrades private banking business
Thailand-based Siam Commercial Bank (SCB) has upgraded its private banking business in order to expand its HNW customer base and their assets in line with growth in the high-income segment.
JPMorgan Chase appoints global head of regulatory strategy and policy
JPMorgan Chase and Co. has appointed Tim Ryan as the firms global head of regulatory strategy and policy, reporting to the co-chief operating officer for JPMorgan Chase, Matt Zames.
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FSA fines Baronworth Investment Services for misleading promotions
The Financial Services Authority (FSA) of UK has slapped a fine of £50,000 on wealth advisory firm Baronworth Investment Services and its chief executive, Colin Jackson, for poor financial promotions and for not handling complaints appropriately.
Majority UHNWI do not cede control to advisors: Study
The more the wealth, the more will the person be in control of his assets, not ceding control to advisors, says a new study by The Institute for Private Investors (IPI).
Securities America eyes HNWI
Financial advisory firm, Securities America is all set to target high-net-worth individuals (HNWI) in 2013, so as to create new opportunity for its advisors, Financial Planning reported.
Regions Wealth Management to provide UMA Technology using Prudential
In order to enable its portfolio managers and advisors to help affluent and institutional clients in a cost-effective way, Regions Wealth Management will provide them with an advanced technology platform with the help of Prudential, Financial Planning reported.
Meriten Investment Management appoints chief economist
Meriten Investment Management, BNY Mellon’s German-based investment manager, has appointed Holger Fahrinkrug as its chief economist.