All articles by Verdict Staff
Verdict Staff
Brexit and slow economic growth among key concerns of wealth managers: Study
The withdrawal of the UK from the European Union, referred to as Brexit, and slow economic growth are among the top concerns of wealth managers, according to the Jupiter Wealth Manager Index survey.
AZ Next Generation Advisory snaps up Sterling Planners
AZ Next Generation Advisory (AZ NGA) has agreed to purchase the entire capital of Sterling Planners (SP), which currently services clients from North Sydney.
Citi Private Bank names new director for mid-Atlantic market
Citi Private Bank has appointed Casey Hannon as the new director and investment counselor for its mid-Atlantic region.
Legg Mason operating income plunges in Q4
Legg Mason, a US-based investment management firm, has posted an operating income of $33.9m for the fourth quarter of fiscal year 2016, a fall of 73.7% compared to $128.9m a year ago.
MLC creates general manager role for advice business
MLC, a wealth manger owned by National Australia Bank (NAB), has appointed Jasia Fabig to the newly created position of general manager, MLC Advice.
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TriState Capital wraps up The Killen Group acquisition
Pittsburgh-based TriState Capital Holdings has finalised the acquisition of investment management firm The Killen Group (TKG), an advisor to The Berwyn Funds.
Old Mutual Wealth expands distribution team
British wealth manager Old Mutual Wealth has expanded its distribution team by hiring Ed Peck and Russell Bignall as its distribution heads for the South West and North West respectively.
Piper Jaffray Q1 income slumps 43%
Piper Jaffray, a US-based asset management and investment banking firm, has posted an adjusted net income of $10.6m for the first quarter of 2016, down 43.6% compared to $18.8m in the year-ago quarter.
Amundi net inflows dip 42% in Q1
French asset manager Amundi has reported net inflows of EUR13.8bn over the first quarter of 2016, down 42.5% compared to EUR24bn in the first quarter of 2015.
Banc of California hires two new private bank senior directors
Banc of California has expanded its private banking team by appointing Arby Sanoyans and Anto Shakelian as senior directors, who will be based at banks private banking office in Century City, California.