All articles by Verdict Staff
Verdict Staff
FCA to launch specialised unit to monitor robo-advice firms
The Financial Conduct Authority (FCA) is planning to establish a specialised unit for robo-advice firms as part of its business plan for 2016/17.
Ally Financial to acquire TradeKing Group
Detroit-based lender Ally Financial has agreed to purchase TradeKing Group, a brokerage and direct-to-consumer robo-adviser, in a deal worth $275m.
Standard Life to snap up London-based IFA Baigrie Davies
Standard Life’s financial planning unit 1825 has agreed to buy London-based IFA Baigrie Davies to set up a presence in London.
Westpac faces legal proceedings over rate manipulation
The Australian Securities and Investments Commission (ASIC) has launched legal proceedings against Australian banking major Westpac for bank bill swap reference rate (BBSW) manipulation.
Investment Association names new CEO
The UKs Investment Association (IA) has named Chris Cummings as its new CEO, following the departure of Daniel Godfrey in October 2015.
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Litman Gregory taps Envestnet | Tamarac for portfolio management solution
US-based Litman Gregory Asset Management has opted for Envestnet | Tamarac’s Advisor View portfolio management and performance reporting application.
Julius Baer bolsters private banking team in Guernsey
Swiss private banking group Julius Baer has appointed five locally based senior private bankers and investment managers for its Channel Island and international businesses.
Lombard International sets up new office in New York City
Lombard International, a provider of wealth structuring solutions, has opened a new office in New York City.
Macquarie Investment Management appoints new Nordic sales head
Macquarie Investment Management (MIM), part of Macquarie Groups asset management unit, has hired David Derger as its new head of Nordic sales.
Wealth management industry forced to reinvent itself: SEI, WISE Gateway report
Wealth management firms are forced to reinvent the way they approach the relationship between customer value, growth and profitability due to changing regulations, globalization and evolving customer demands, according to a report by SEI Private Banks and research provider WISE Gateway.