All articles by Verdict Staff
Verdict Staff
Rothschild signs risk-budgeting services deal with Koris International
Rothschild & Cie Gestion and Koris International have signed a marketing and sales agreement for the development and distribution of investment solutions founded on the dynamic risk-budgeting techniques conceived and developed by Koris International.
Singapore’s financial industry up for major shake-up
The Monetary Authority of Singapore (MAS) has said that it will launch a Financial Advisory Industry Review (Fair), which is seen as potentially changing the way financial advice is given to the citizens of the Island nation.
Applied Systems releases Epic 6 general solution
US-based insurance software firm Applied Systems has released Epic 6 General solution, a technologically advanced management software for insurance agencies and brokerages.
Tata Capital to set up private banking business in Singapore
As a part of its broader ambition to emerge as a major player in the private-banking sector in south-east Asia, the financial services arm of India’s Tata group, Tata Capital, has announced that it will set up a private banking franchise in Singapore in the next two years.
44% of fund managers see RDR as positive, Northern Trust survey
A survey conducted by Northern Trust found that 44% of fund managers see RDR having positive impact on their product offering, while 33% were indifferent to the same.
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Most advisors give product-based advice, not client-based, ASIC research
A research by the Australian Securities and Investments Commission (ASIC) has revealed lacunas in the advice system, with only 3% of the retirement advice being perceived as being of good quality.
Leumi Private Bank adopts Arkelis Advanced Messaging Hub platform
Swiss-based Leumi Private Bank has adopted the multi-network platform of Arkelis, a fully-owned subsidiary of financial messaging provider SWIFT for all of the banks SWIFT FIN flows.
Financial advisors are prejudiced, study
Financial advisors are prejudiced towards investment strategies that maximize fees and, in turn, their personal payout, according to new report from the National Bureau of Economic Research.
FSA fines Coutts GBP8.75 million for money laundering failures
Britain’s financial regulator FSA has fined Coutts, the private bank of RBS, GBP8.75m for failing to implement adequate controls to prevent money laundering by high-risk customers.
Axa Wealth to launch restricted advice package
For those advisors who are looking to venture into independent status post-RDR, Axa Wealth is to launch a restricted advice channel pricing and servicing package.