All articles by Verdict Staff
Verdict Staff
Financial planners’ fee registers 10% decline since 2010
According to the latest research from Investment Trends, the average cost of financial advice has dropped down by 10% compared to fee charged by financial planners in 2010.
Falcon Private Bank receives license to operate in Abu Dhabi
The Securities & Commodities Authority in Abu Dhabi has granted Switzerland-based Falcon Private Bank license to offer investment advisory services in the city, Wealth Briefing reported.
Competition eroding intermediaries dominance in HNW home insurance market
Growing competition in the High Net Worth (HNW) home insurance market is eroding the dominance of intermediaries in this sector, according to independent financial research company Defaqto.
BBH Wealth Management appoints new chief investment officer
US-based Brown Brothers Harriman & Co. (BBH) has appointed Michael Kim as the chief investment officer of its wealth management business.
Julius Baer confirms new client data theft
Julius Baer has confirmed it has been hit by another client data theft involving the accounts of suspected German tax evaders.
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HSBC appoints new head for private banking arm in India
HSBC has appointed Shantanu Ambedkar as the managing director and head of its private banking business for India.
DBS implements interaction analytics
DBS Bank has rolled out an interaction analytics at its Singapore-based customer centre. The technology will enable DBS to increase its customer centre efficiency and the initiative underscores the banks commitment to transforming the banking experience as it leverages the insights gained to improve customer satisfaction and response time.
AMP to acquire additional 10% stake in Futuro Financial Services
Australia’s AMP Financial Services is planning to acquire a second 10% stake in Futuro Financial Services in 18 months.
Number of HNWIs looking for advice post-RDR to rise, says JP Morgan research
Nearly 80% of individuals earning more than GBP50,000 a year in the UK are expected to seek out some sort of professional financial advice post RDR implementation, says a new research report published by JP Morgan Asset Management.
Marcuard Asia appoints new head of portfolio management
Wealth manager Marcuard Asia has appointed Chow Yong Sern as new head of portfolio management replacing Sacha di Maio, who is leaving the firm.