All articles by Verdict Staff
Verdict Staff
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.
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.
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SYZ partners with ACE to launch private equity offering
Swiss banking group SYZ has joined forces with private equity group ACE & Company to extend its range of available asset classes by offering private equity investments to its clients.
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.
Edmond de Rothschild Asset Management makes several new hires
Edmond de Rothschild Asset Management has bolstered its investment expertise and teams in the UK and rest of the Europe with a series of new hires.
Succession buys IFA Edinburgh Investment Consultants
Succession Holdings has purchased Scottish IFA Edinburgh Investment Consultants (EIC) for £6.2m.