All articles by Verdict Staff
Verdict Staff
Bank of the West’s Wealth Management unit favors US as portfolio recommendation
Bank of the West’s Wealth Management Group is in favor of large capitalization US stocks and modest exposure to international emerging and frontier markets in its equity portfolio allocations; whereas in tax-free fixed income sector, the team continues its maximum overweighting in high quality municipal bonds.
FSA crackdown on UK wealth managers
As the FSA gets tougher on its compliance rules, investment and wealth managers are risking fines, career-long bans and even jail, Reuters reported.
Private banks turning down business from American HNWI
Foreign Account Tax Compliance Act, which seeks to prevent tax evasion by Americans with offshore accounts, is causing some of the largest private banks to turn down business from the wealthy Americans.
AFH Financial partners with Broomfield & Alexander
AFH Financial Group, a UK-based independent financial advisor (IFA), has entered into a joint venture agreement with Welsh adviser firm Broomfield & Alexander as a strategy to expand its presence in the advice market in South Wales, FT Adviser stated.
Syntal Capital Partners selects Dynasty Financial Partners’ platform
Syntal Capital Partners has selected Dynasty Financial Partners’ open-architecture platform of wealth management services and technology.
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Beverly Hills Wealth Management expands wealth management team
Beverly Hills Wealth Management has expanded its wealth management team with the appointment of Joe Ellison as the senior vice president and wealth management advisor.
BMO opens unit in Abu Dhabi
Canadian banking group BMO Financial Group, a provider of retail banking, wealth management and investment banking products and solutions has opened a representative office in Abu Dhabi.
Sal. Oppenheim appoints new head of Private Banking Portfolio Management
Germany based Sal. Oppenheim Group has appointed Wolfgang Sawazki as head of its Private Banking Portfolio Management.
Trident Fund Services selects Advent to support onshore, offshore fund accounting
Trident Fund Services has selected Advent Software to support private equity, onshore and offshore fund accounting.
Citi Private Bank poaches JP Morgan veteran
Citi Private Bank has hired a former veteran of JP Morgan Chase & Co to join its wealth management business catering to clients in the legal sector in Chicago.