All articles by Verdict Staff
Verdict Staff
US signs deal on tax dodging with five European nations
The US Government has reached an agreement with the governments of the UK, France, Germany, Italy and Spain, on a proposal to prevent US taxpayers from dodging taxes through foreign accounts.
Raymond James chose FolioDynamix wealth management platform
Raymond James, the Florida based wealth management service provider, has selected FolioDynamix’s wealth management platform for proposal generation and investment policy statement management.
IBRC in talks with Key Capital to offload wealth unit assets
Irish Bank Resolution Corporation (IBRC), formerly known as Anglo Irish Bank (AIB), has confirmed its entry into exclusive talks with Dublin-based investment group Key Capital to offload certain assets of its Wealth Management Business.
HNWI prefer Real Estate Investment Trust as alternative investment
According to Spectrums fourth quarter wealth study, HNWIs mostly prefer Real Estate Investment Trusts (REITS) as an alternative investment.
HNWIs dissatisfied with wealth managers, says research
There has been a drop in satisfaction levels of HNWIs with their main contacts at UK wealth managers, states a Ledbury Research.
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UBS wealth unit reports profit in Q4 as other divisions flutter
UBS fourth-quarter profit slumped by a whopping 76% after its investment bank reported a second consecutive quarterly loss. Amid this gloom, the performance of Swiss banks wealth-management unit was the only silver lining that registered pre-tax profits of CHF471 million in the quarter, up 2% from CHF462 million a year ago.
Oracle Financial Services introduces new solutions for multi-channel banking
With the aim of helping financial services organizations deliver personalized services and offerings via direct and mobile channels in a cost effective manner, Oracle Financial Services has introduced Oracle FLEXCUBE solutions for multi-channel banking.
SEB: Fourth quarter of 2011: Operating profit SEK 3.2bn
“The operating profit for the fourth quarter, which amounted to SEK 3.2bn, shows the strength of our customer business. Despite the global uncertainty, customer activity remained high and there is a 5 per cent increase in the divisional result compared to the previous quarter. The decrease in operating profit compared to the fourth quarter 2010, is fully explained by the fact that the reversals of credit losses in the Baltic countries were lower given the current global economic outlook, and that the liquidity portfolio was realigned to decrease overall risk, which encompassed certain one-time expenses.
Wealthy opt for direct channels rather than IFAs
More number of high earners is opting for direct channels rather than IFAs to keep track of their accounts, manage their savings and expenditure and monitor their portfolios, says a research by management consultancy, AT Kearney.
UHNWIs keener on investing in health care stocks in 2012
Spectrem Groups fourth quarter study on financial product ownership among UHNWIs has shown that the UHNWIs are likely to prefer investing in health care segment over traditionally preferred technology sector for 2012.