All articles by Verdict Staff
Verdict Staff
Skandia platform inflows falls
Inflows of UK-based Skandia platform has seen a fall as advisors have been distracted by Retail Distribution Review (RDR), IFAonline stated.
SEI Global Wealth Services inks deal with Guardian Wealth Management
SEI revealed that Guardian Wealth Management (Guardian) is the latest wealth manager to sign on with the company’s Global Wealth Services (GWS) offering, enabled by the Global Wealth Platform (GWP).
BNY Mellon appoints head of investment strategy for Asia-Pacific
US-based wealth manager BNY Mellon has appointed Paul Schulte as the head of investment strategy for Asia-Pacific (APAC).
WH Ireland appoints wealth head
WH Ireland, a provider of wealth management services, has appointed Richard Killingbeck as the head of private wealth management.
Sanlam Private Wealth acquires three firms
UK-based Sanlam Private Wealth (SPW) has acquired three advisory firms, bringing in a combined £75m in funds under advice.
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NBAD launches two new investment services
The National Bank of Abu Dhabi (NBAD) has launched two new services, NBAD Bespoke Portfolio Service and NBAD Investment Advisory.
Erste Bank to buy BNP’s wealth management arm in Hungary
Austrian lender Erste Bank has signed a deal to buy BNP Paribas’ wealth management business in Hungary.
CIBC buys McLean Budden private wealth unit
Canadian Imperial Bank of Commerce (CIBC) has acquired the private wealth management business of Sun Life Financial subsidiary MFS McLean Budden.
CISI, FINRA to work together
US regulator FINRA and CISI has entered into an agreement to help UK retail investment advisers become qualified to Retail Distribution Review (RDR) standards.
Cayman Islands not to tax wealthy expats
The Cayman Islands authorities have backed down from plans to impose a direct income tax on foreign workers earning more than US$43,200 a year.