All articles by Verdict Staff
Verdict Staff
Prydis opens office in London
Prydis, a wealth management and accountancy group, has opened a new office in London as well as appointed six new staff including an investment manager and a trainee investment manager.
AFH Financial buys Davisons Financial Management
AFH Financial, a UK-based financial planning led wealth management firm, has acquired Devon-based advice firm Davisons Financial Management (DFM) for £2.9m.
FolioMetrix completes merger with American Independence to form RiskX Investments
FolioMetrix has completed its merger with American Independence Financial Services (AIF) to create a new company, called RiskX Investments.
Old Mutual Wealth H1 adjusted operating profit up 26%
Old Mutual Wealth has posted an adjusted operating profit of £151m for the first half of 2015, up 26% from £120m a year ago, with strong growth in the OMGI and other UK businesses.
Former UBS wealth manager to start new boutique for entrepreneurs-report
UBS wealth manager Paul Tanner, who managed nearly, has quit the Swiss group with colleagues to set start his own boutique, which will manage fiancés mostly for entrepreneurs, Bloomberg has reported.
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Another Swiss private bank reaches deal with US to settle tax evasion case
Switzerland-based Bank EKI Genossenschaft has reached resolution with the US Department of Justice (DoJ) over the tax evasion cases under the department’s Swiss bank programme.
Ascot Lloyd Financial merges with PFP Group
UK-based Ascot Lloyd Financial Services has merged with wealth manager PFP Group to form a nationwide wealth management firm.
Schroders bolsters multi-asset team with two new hires
Schroders has bolstered its multi-asset investment and portfolio solutions (MAPS) team by hiring Chris Hsia as product manager and Mei Huang as quantitative analyst.
AXA Wealth FUM up 9% in H1
AXA Wealth’s overall funds under management (FUM) in the first half of 2015 rose by 9% to £28.8bn from £26.5bn a year ago.
SocGens asset and wealth management arm records 20% jump in Q2 income
The asset and wealth management business of French bank Societe Generale has reported net income of EUR72m for the second quarter of 2015, an increase of 20% compared to EUR60m in the year ago quarter.