All articles by Verdict Staff
Verdict Staff
UBS poaches advisors for wealth management Team in America
Swiss-based UBS has recruited number of managers and teams for its wealth management team in America.
ABN AMRO appoints COO private banking for Asia
Netherlands-based ABN AMRO bank has appointed Daniel Teo as country chief operating officer for Singapore and chief operating officer for private banking for Asia, with effect from April 2 2012.
IRS lax in auditing the ultra-wealthy, research
A research by Syracuse University has revealed that a new Internal Revenue Service (IRS) team looking at the business activities of the ultra-wealthy has been lax in its auditing.
BMO to buy wealth advisor CTC Consulting
In order to augment its wealth management business catering to UHNW clients, Bank of Montreal (BMO) has agreed to buy Oregon-based advisory firm CTC Consulting.
Former Merrill Lynch veterans launch hybrid RIA firm
Former Merrill Lynch Wealth Management veterans have launched hybrid RIA firm, called Snowden Capital Advisors, in order to provide client-focused advice and investment solutions to individuals, families, and institutions around the world.
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Williams de Broë to be renamed Investec Wealth and Investment
UK-based Investec will rename the brand Williams de Broë it had acquired last year as Investec Wealth and Investment.
FINRA fines Goldman, Sachs & Co US$22 million for supervisory failures
The Financial Industry Regulatory Authority (FINRA) has fined Goldman, Sachs & Co US$22 million for failing to supervise equity research analyst communications with traders and clients and for failing to adequately monitor trading in advance of published research changes to detect and prevent possible information breaches by its research analysts.
US Federal Court rules in favor of UBS in tax evasion lawsuit
The lawsuit failed by billionaire Igor Olenicoff accusing UBS AG of fraud and for wrongly advising him for tax evasion has been ruled in favor of the bank.
Advisers outsource investment process, survey
According to a study by the financial research company Defacto, more than two-fifths of platform users currently outsource some element of the investment process.
RBC Wealth names new head for international UHNW credit solutions
Royal Bank of Canada’s wealth-management unit has appointed Michael Kay to head its international ultra high-net-worth (UHNW) credit solutions.