All articles by Verdict Staff
Verdict Staff
RBC wealth net income down 6% y-o-y
Royal Bank of Canada (RBC) Wealth Management reported a CAD$48m (US$48.3) drop in its net income for the year to 31 October 2012 on a year-on-year basis from $811m in 2011, to $763m in 2012.
ABN AMRO Private Banking launches portfolio management services in Asia
ABN AMRO Private Banking has launched Asian Discretionary Portfolio Management (DPM) services, The Asset reported.
HNW family businesses ill-prepared for succession: Study
A study by Nicola Wealth Management has revealed that the HNW businesses are ill-prepared for succession and retirement planning.
BMO Bank of Montreal Opens New Branch in Downtown Toronto-Open Seven Days a Week
BMO Bank of Montreal today announced the opening of its new full-service banking branch located in downtown Toronto at 382 Yonge Street.
Usage of digital media on rise among wealthy: Report
The wealthy are more inclined towards using internet, mobile applications, and other digital media communications tools to create, manage, spend, and invest their money, according to a report by SEI.
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Business succession one of the top concerns for HNW clients, says survey
Business succession has been cited as one of the top concerns by the high net worth clients in a second annual survey by RBC Wealth Management.
Kleinwort Benson transfers offshore retail pension and trust business to Overseas Trust and Pension
Kleinwort Benson has transferred its offshore retail pension and trust business to Overseas Trust and Pension as part of its ongoing strategic review of the portfolio of activities which the firm had acquired from Close Brothers in 2011.
Advisors optimistic of fiscal cliff to be averted: Poll
Majority of the independent financial advisors are optimistic of the fact that the US Congress and president Barack Obama will reach a deal to avoid the US$600 billion in automatic spending cuts and tax increases scheduled to go into effect by the end of 2012, thus averting fiscal cliff, revealed the recent poll conducted by the Financial Services Institute.
Fiduciary Wealth selects Platform One as its investment platform
Fiduciary Wealth, the private wealth arm of Gibraltars Fiduciary Group, has selected Platform One as its investment platform, and is planning to utilize both its UK and International services, International Adviser reported.
Private Client Resources inks deal with eMoney Advisor
Private Client Resources (PCR), a solutions provider to private banks, family offices and RIA firms, has entered into a strategic partnership with eMoney Advisor, a web-based wealth management and financial planning.