All articles by Verdict Staff
Verdict Staff
UK household wealth risen by GBP2.36 trillion since 2001
According to a research by Lloyds TSB Private Banking, the total household wealth in the UK has increased by GBP2.36 trillion in the past decade.
Wells Fargo appoints head for ultra-wealthy business
Wells Fargo has appointed Joseph Colianni as the head of the banking division for the company’s new Abbot Downing family-wealth business that caters to the ultra-wealthy families in the US.
Falcon Private Bank appoints head of private banking in Hong Kong
Swiss-based Falcon Private Bank has appointed Lousiana Cheung as the executive director and head of private banking in Hong Kong.
RBC Q2: Wealth net income down 7% Y-o-Y
Compared to the last quarters net income was 13% up due to higher transaction volumes reflecting improved market conditions in the early part of the quarter, and higher fee-based client assets resulting from capital appreciation and higher net sales, RBC president and CEO Gordon Nixon said
Ex-Prescott advisers set up Middleton Securities
Two former senior financial advisers at Prescott Securities have entered into an agreement to set up business in the industry, but with limitations.
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AG2R La Mondiale launches UK wealth service
La Mondiale Europartner (LME) has unveiled a UK wealth management service offering a RDR-ready, highly tax efficient and internationally-portable investment portfolios for high and ultra-high net worth individuals. It will provide these products and services in partnership with wealth managers, private banks and other professional intermediaries
Canada Life appoints head of wealth management division
Canada Life has hired Peter Towers from Aviva Ireland as the head of its onshore and offshore wealth management business.
Sterling Capital Management partners with Adhesion Wealth Advisor Solutions
US-based investment manager Sterling Capital Management has partnered with Adhesion Wealth Advisor Solutions in order to implement managed investment solutions for institutional and retail clients.
Richard Bernstein Advisors launches ETF model strategies
Richard Bernstein Advisors (RBA) has launched a series of ETF model strategies known as SMRT (Sector Model RoTation) portfolios.
Mondiale launches wealth management service
Luxembourg-based La Mondiale Europartner, a provider of wealth management solutions, has launched its new UK wealth management service to offer a range of retail distribution-ready portfolios.