All articles by Verdict Staff
Verdict Staff
Sargent Bickham Lagudis merges with Colorado Financial Management
Investment advisory firm Sargent Bickham Lagudis has merged with Colorado Financial Management (CFM) to create a new firm with $1.25bn in assets under management.
Morgan Stanley wealth arm posts 4% rise in Q4 pre-tax income
Morgan Stanley’s wealth management arm has registered a pre-tax income from continuing operations of $768m for the fourth quarter of 2015, up 4% compared with $736m in the corresponding quarter of 2014.
Bank of America’s wealth arm registers 13% fall in Q4 net income
The Global Wealth and Investment Management unit of Bank of America has posted a net income of $614m for the fourth quarter of 2015, down 13% compared to $705m a year ago.
Steve Cohens Point72 Asset Management reopens office in London
Point72 Asset Management, the family office managing the wealth of Steven A. Cohen, has opened a new office in the Mayfair neighborhood of central London.
Muzinich & Co unveils new UK private debt fund
Muzinich & Co, an institutional asset manager specialising in corporate credit, has unveiled a new UK private debt fund for UHNW and institutional investors.
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Baird completes acquisition of Chautauqua Capital
Baird, an employee-owned, wealth management firm, has completed the acquisition of Colorado-based investment manager Chautauqua Capital Management.
Pictet names new global head of institutional business
Swiss-based Pictet Asset Management has named Niall Quinn as new global head of institutional business (excluding Japan) replacing Christoph Lanter, who will step down from the firm after a spell of 17 years.
Saxo Bank, BlackRock partner to roll out digital investment solution for retail investors
Danish lender Saxo Bank has joined forces with asset manager BlackRock to launch a digital investment solution for retail investors comprising iShares ETFs.
FolioDynamix appoints new president and COO
FolioDynamix, a US-based provider of wealth management technology and advisory services, has hired Steve Dunlap as its new president and chief operating officer (COO).
BNY Mellon hires new EMEA advisory compliance team head
BNY Mellon has named Jacqueline Joyston-Bechal as head of EMEA advisory compliance team for investment services.