All articles by Verdict Staff
Verdict Staff
Baird adds five veteran advisers
US-based employee-owned wealth management, Robert W. Baird & Co has hired five veteran advisers to the firm’s private wealth management group, in a bid to expand its footprint in California, Oregon and Texas.
Advisors increasingly favoring annuity products, study
According to a recent LIMRA study more than half (55%) of advisors whose clients typically have less than US$500,000 investable assets believe annuity products should be included as part of their financial portfolios.
DBS Bank India reports profits for fiscal 2011-12-270612
DBS Bank India has declared its financial results for the year ended March 31, 2012 and has reported net profits to have increased 164%; income to have risen 86% and balance sheet to have grown 53%.
SunGard launches WealthStation Mobile Report Access for advisors
US-based software and technology services provider Sungard has launched WealthStation Mobile Report Access for financial advisors.
Fieldpoint Private poaches from Barclays Wealth
US-based wealth advisory and private banking firm, Fieldpoint Private, has appointed David Zoll as a managing director.
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Old Mutual names new CEO for wealth management business
UK-based international long-term savings protection and investment group Old Mutual plc has appointed Paul Feeney as chief executive of its wealth management business.
RBS to eliminate IFA arm
As part of an overhaul of its advice service ahead of the RDR, Royal Bank of Scotland (RBS) is all set to remove its IFA arm and move to a restricted advice model.
HSBC launches RMB services
HSBC Expat, an offshore subsidiary of HSBC Holdings, has launched a Chinese Renminbi (RMB) initiative, allowing its clients to use the Chinese currency across its savings, deposit and foreign exchange products and services Headquartered in Jersey, Channel Islands, HSBC Expat is to start marketing the new service to its costumers towards the end of June 2012
FIMA approves Safra’s stake acquisition in Bank Sarasin
Swiss financial market supervisory authority, FINMA, has approved the purchase by Safra Group of Rabobanks majority interest in Bank Sarasin.
Banks warned on wealth product risk disclosure in China
Vice Governor of People’s Bank of China (PBOC), Liu Shiyu has warned financial institutions against charging excessive fees and failing to sufficiently disclose the risk accompanying wealth management products.