All articles by Verdict Staff
Verdict Staff
Citigroup to strengthen wealth management business in South Korea
American banking giant Citigroup plans to introduce retail-based securities firm to provide wealth management advisory services for individual customers in South Korea, according to a report published in The Korea Herald.
Investec acquires financial service group, NCP
South African banking group Investec has acquired Ireland based financial services groups, NCB, for EUR32.3million.
FSA grants ICAEW accredited body status under RDR
The Financial Services Authority (FSA) has granted Institute of Chartered Accountants in England and Wales (ICAEW) accredited body status under the FSA Retail Distribution Review (RDR).
RIAs’ M&A activity decline in 2011, says Schwab Advisor Services report
In the year 2011 there were 57 mergers and acquisitions (M&A) deals involving Registered Investment Advisors (RIAs), representing approximately US$44 billion in total assets under management (AUM), according to Schwab Advisor Services latest RIAs M&A transaction report.
Advisors lagging in meeting affluent womens expectations, says new study
The financial services industry has a long way to go in providing the kinds of services high-net-worth American women say they want, according to new research by Family Wealth Advisors Council.
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Palladiem selects Placemark Investments’ UMA Marketplace platform
Palladiem, an independent investment advisory firm in the US, has selected Placemark Investments’ UMA Marketplace platform as an access point for its Palladiem Investment Portfolios family of Unified Managed Account (UMA) strategies.
Falcon Private Bank launches fixed income fund focused on emerging markets
Falcon Private Bank, the Swiss wealth management boutique, has launched a new fixed income fund for qualified investors to capture investment opportunities in the emerging markets.
SARS uncovers thousands of HNWIs not on tax register
The South African Revenue Service (SARS), after a year long investigation, has found out that though there are 9,300 HNWIs earning more than ZAR7 million per annum in the country, only 360 reflect in taxpayer category.
Raymond James Q1 income drops
Raymond James, a diversified financial services company engaged primarily in financial planning and wealth management, has reported a net income of US$67.32 million, or US$0.53 per diluted share for the first quarter of fiscal 2012, compared with a net income of US$81.72 million, or US$0.65 per diluted share in the first quarter of fiscal 2011.
Wealth managers embracing mobile apps, says Celent
A study by a Boston-based research firm, Celent, has shown that wealth managers are adjusting to investors who are increasingly using mobile technologies to enable them access account information anywhere and anytime.