All articles by Verdict Staff
Verdict Staff
Barclays Corporate & Employer Solutions expands advisory team
Barclays Corporate & Employer Solutions has appointed James Wood and Liam Fearon as corporate wealth advisors to its Corporate Wealth Advisory Team.
IRG Equity Investment Advisors sold to Forsyth Barr
New Zealand-based financial services company, Investment Research Group (IRG) has sold majority of its IRG Equity Investment Advisors to brokerage Forsyth Barr, reported TheBusinessDesk.com.
Vontobel converts deritrade to a multi-user platform
Switzerland-based Vontobel has expanded its online portal for structured products, deritrade, to a multi-user platform.
FSA probes former Barclays CEO
The former chief executive of Barclays, John Varley is undergoing regulatory inquiry by the Financial Services Authority (FSA) over payments made in 2008 to Qatar’s sovereign wealth fund.
IRESS renews agreement with NAB
IRESS, a principal supplier of share market and wealth management systems in Australia, Asia, New Zealand, Canada, South Africa and the UK has renewed a multi-year agreement with the National Australia Bank (NAB) for ongoing supply of wealth technology to the banks advice channels.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Sovereign wealth should design early warning signals to help predict market shocks, says BNY Mellon
Sovereign wealth funds can take advantage of warning signs such as rising commodity prices to help them reduce the risk in their portfolios in advance of market shocks, according to BNY Mellon.
Lincoln Financial Advisors appointed new managing principal
Lincoln Financial Advisors, part of Lincoln Financial Group, has appointed Stefan Lambert as managing principal to serve as a market leader in Northern Virginia and surrounding field offices.
Comment: Advisory excellence in Asia – empty words or finally a reality?
In an increasingly knowledgeable client market providing sophisticated, high-quality advice allows providers of wealth management services to differentiate themselves. Typically, most private banks aim to achieve “excellence” using a structured advisory process: assessing a client over a number of elements, including risk profile, and developing a customised solution In Asia, however, client advisers rarely follow this process for two reasons: it is a young industry and the current incentive structures for the front-line staff.
Tax issues lead to $36m net income drop at RBC
Royal Bank of Canadas (RBC) wealth management division reported a $36m year-on-year drop in net income to $156m ($157m) in the banks third quarter results. The net income decline included the adverse impact of $29m or $21m after-tax that was reserved for certain regulatory and legal matters in the current quarter
FSA keep pressure on WM CEOs with new review
The Financial Services Authority (FSA) has launched a second round of investigations into how UK wealth management firms are dealing with the risk and suitability of investment product sales to clients.