All articles by Verdict Staff
Verdict Staff
Wealthtrac revises its pricing for advisers to address fee-for-service environment
Wealthtrac, a superannuation and investment platform provider, has updated its pricing for advisers to address the fee-for-service environment, including lowering the administration fee cap.
Raymond James introduces new financial planning software solution advisors
US-based Raymond James Financial has introduced new financial planning software solution for to its financial advisors called, Goal Planning & Monitoring (GPM).
Mattioli Woods full year pre-tax profit declines
Mattioli Woods Plc, a wealth management company based in Leicester, has said that its pre-tax profit tax for the year ended 31 May 2012 has declined to GBP4.18 million from GBP4.55 million in the previous year.
Fajr Capital buys Dubai International Capital’s stake in MENA Infrastructure Fund
Dubai-based Islamic investment firm Fajr Capital has acquired Dubai International Capital’s stake in the MENA Infrastructure Fund.
California court convicts two investment advisors for high yield investment fraud
A US District Court for the Central District of California has found William Ferry, a former stock broker and investment advisor, and Dennis Clinton, a former real estate investment manager, guilty for their roles in a conspiracy to defraud a wealthy investor of US$1 billion in a high-yield investment fraud scheme.
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LGT 1H group profits soar 58%
Profits at LGT Group jumped 58% in the first six months of 2012 to CHF130m ($135.77m) compared with CHF82m group profit earned in June 2011.
Barclays appoints Russell Collins and BCG to review its business practices
British banking major Barclays has appointment of Russell Collins to the post of executive leader of the Review into Barclays business practices, led by Anthony Salz.
Bank Leumi Q2 net profit down by 50%
Bank Leumi, an Israeli bank, has posted a net profit of NIS280 million ($69.5 million) in the second quarter of 2012, a decrease of 50.4%, compared to NIS 564 million ($140 million) in the second quarter of 2011.
Britain’s deputy PM proposes one-off wealth tax on super rich
Britain’s deputy prime minister Nick Clegg has proposed one-off wealth tax on fortunes of the country’s super rich to avoid social unrest as the government battles to end a prolonged recession.
Disclosure is number one RDR concern for financial advisers
Disclosure of charges and services is the area of the RDR rules that financial advisers are finding most challenging to comply with, according to a poll of Standard Life’s 80 adviser account managers.