All articles by Verdict Staff

Verdict Staff

Frankenstorm: BMO Offers Advice to Business Owners Looking to Develop an Emergency or Business Contingency Plan

With “Frankenstorm” about to bear down on the U.S. Northeastern seaboard and blow into parts of Central Canada today, BMO Bank of Montreal offers business owners five tips on developing an emergency or business contingency plan.

Quilter in talks to acquire Cheviot

UK-based discretionary fund manager (DFM), Quilter & Co., has confirmed that it is in an exclusive talk with Cheviot Asset Management to merge their business via a private-equity facilitated merger.

Commercial Trust deploys IPBS’ private banking platform

Hong Kong-based Commercial Trust Limited has deployed complete suite of International Private Banking Systems’ (IPBS) software for its wealth management operations in the Far East and Europe.

Fiscal Cliff may slow growth, but not cause recession: Report

Though the US fiscal cliff may slow growth in the economy, it will not cause recession, states the October bond market observations from Standish Mellon Asset Management Company LLC, the Boston-based fixed income specialist for BNY Mellon.

Fairbairn Bank renamed Nedbank Private Wealth

Fairbairn Private Bank is to be renamed Nedbank Private Wealth in line with its South African parent.

LPL Financial adds Gerber Kawasaki Wealth & Investment Management

US-based LPL Financial LLC, an independent broker-dealer and RIA custodian, has added Gerber Kawasaki Wealth & Investment Management to its broker-dealer and hybrid RIA platforms.

Investors to shun IFAs if charged hourly: Research

A majority of investors (64%) have said that they would stop using their independent financial adviser (IFA), if they were to be charged on an hourly rate, a research by Legal & General Investments (LGIM) has found.

Investment professionals may miss opportunity to retain millions in assets: Pershing

Failure in helping the impacted clients reinvest their Required Minimum Distribution (RMD) assets by December 31, 2012, will lead to the scenario of investment professionals missing critical opportunity to retain millions in assets and enhance client relationships, according to Pershing, a global provider of financial business solutions.

BNY Mellon adds private banker to its New York wealth management team

US-based global financial services company, BNY Mellon, has appointed Chahin Pahlavi as a private banker based in the company’s Manhattan office.

Schroders UK Private Bank appoints CEO

Schroders has appointed Philip Mallinckrodt as the chief executive officer (CEO) of Schroders UK Private Bank.