All articles by Verdict Staff
Verdict Staff
BlackRock unveils new impact investing fund in US
American money manger BlackRock has unveiled a new mutual fund that will invest in measurable social and environmental outcomes, while generating competitive financial returns.
Perceived cost factor discouraging people from taking financial advice: Old Mutual Wealth study
The perceived cost of financial advice is the key barrier preventing more consumers from seeing an adviser and consumers have unrealistic expectations about the price they can expect to pay for advice, a study conducted by Old Mutual Wealth and Intrinsic has found.
Hargreaves Lansdown net inflows surges 47% in Q1
British investment manager Hargreaves Lansdown has recorded net business inflows of £1.43bn in the first quarter of fiscal year 2016, a jump 47% compared to £0.97bn a year ago.
Wells Fargo wealth arm records 10% rise in Q3 income
The wealth and investment management (WIM) division of Wells Fargo has posted a net income of $606m for the third quarter of 2015, up 10% compared to $550m in the year ago quarter.
Bank of the West creates dedicated team to serve ultra wealth clients
Bank of the West Wealth Management Group, a subsidiary of BNP Paribas, has launched Family Wealth Advisors, a new dedicated team to serve ultra-high-net-worth (UHNW) clients.
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Intelliflo to launch new simplified robo-advice service for advisors
Intelliflo, a UK-based adviser management software firm, has unveiled plans to launch a simplified robo-advice service for advisors in the second quarter of 2016.
Beechwood Bermuda sets up subsidiary in Middle East
Beechwood Bermuda International has established a new subsidiary in the Middle East to market and distribute its investment products in the United Arab Emirates and across the region.
FINRA fines Santander $6.4m over Puerto Rico bond sales
The Financial Industry Regulatory Authority (FINRA) has fined Santander Securities $6.4m for supervisory failures related to sale of Puerto Rican municipal bonds, which have plunged in value in recent years.
Piper Jaffray completes acquisition of BMO Capital Markets GKST
Piper Jaffray, an investment bank and asset management firm, has competed the acquisition BMO Capital Markets GKST, the municipal bond sales, trading and origination business of BMO Financial Group.
Nippon Life raises stake in Reliance Capital Asset Management to 49%
Japans Nippon Life Insurance (NLI) has agreed to increase its stake in Reliance Capital Asset Management (RCAM) to 49% from the existing 35% in tranches.