All articles by Verdict Staff
Verdict Staff
SEI appoints new North American institutional sales head
SEI, a US-based investment processing solutions provider, has hired Michael Cagnina as new vice president and managing director of North American sales for its institutional group.
Standish Mellon Asset Management hires new chief economist
Standish Mellon Asset Management, a US-based fixed income investment boutique of BNY Mellon, has appointed Vincent Reinhart as its new chief economist, replacing Tom Higgins.
Novia Global introduces new overseas pension scheme
UK-based Novia Global has launched a new global retirement account that will be administered by Dominion Fiduciary Services in Malta.
Ex-Canaccord Genuity CEO launches new fintech start-up in UK
Former Canaccord Genuity Wealth Management CEO Neil Darke has launched a fintech start-up called The Lifehouse.Co in UK.
Azimuts Australian subsidiary to acquire advice firm Wealthwise
AZ Next Generation Advisory (AZ NGA), the Australian arm of Azimut, has agreed to purchase the entire capital of Perth-based financial planning practice Wealthwise for A$9.5m.
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Morgan Stanley unveils new investment management tool for financial advisors
Morgan Stanley Wealth Management has introduced a new portfolio management and trading application that allows financial advisors to manage client accounts across models within the select unified managed account (UMA) program.
Schroders pre-tax profit up 14% in 2015
British fund manager Schroders has posted a pre-tax profit of £589m for the year ended 31 December 2015, a rise of 14% from £517.1m a year earlier.
BOK Financial closes acquisition of Weaver Wealth Management
BOK Financial has closed the acquisition of Weaver Wealth Management from Texas based-Weaver and Tidwell Financial Advisors.
Global UHNW count rose 61% over last 10 years: Knight Frank
The numbers of ultra-high-net-worth individuals (UHNWIs) with $30m or more in net assets are now around 187,500 across the world, up 61% from a global UHNWI population of 116,800 in 2005, according to data provided by New World Wealth for the Knight Frank Wealth Report.
Northern Trust’s 50 South Capital Advisors to buy Aurora Investment Management
50 South Capital Advisors, a subsidiary of Northern Trust, has agreed to acquire Aurora Investment Management, a hedge fund solutions provider and subsidiary of Natixis Global Asset Management, for an undisclosed amount.