All articles by Verdict Staff
Verdict Staff
Ex-Merrill Lynch executives set up new investment advisory firm
Ex-Merrill Lynch executives Bob Andres, Ted Palatucci, and Fred Offenberg have teamed up to set up a new investment advisory firm that specializes in managing US fixed income portfolios for independent financial advisors, family offices and HNW investors.
LPL Financial introduces Vendor Affinity Program for advisors
LPL Financial has launched a new Vendor Affinity Program to help advisors reduce the complexity and costs of running their businesses.
Profit up 6% at Barclays’ unit that contains wealth business
Barclays’ Personal and Corporate Banking arm, which also includes the wealth business, has registered attributable profit of £1.1bn for the first half of 2015, a 6% rise compared to £1.04bn a year ago.
UBP net earnings down 3% in H1
Swiss private bank Union Bancaire Privée (UBP) has reported net earnings of CHF79.5m for the first half 2015, a decrease of 3% compared to CHF82m a year ago.
AFH Financial acquires two IFAs
Consolidator AFH Financial Group has acquired Quest Financial Management and Phoenix Independent Financial Services in a deal worth more than £1m.
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Bellpenny buys Croydon-based IFA Trustee Asset Management
British wealth manager Bellpenny has acquired Croydon-based IFA firm Trustee Asset Management (TAM) for an undisclosed sum.
Charles River relocates to new Tokyo office
Charles River, an investment management solution provider, has moved to a new office in Tokyo to support continued growth in the Japanese market and meet growing client demand for Charles River IMS offered as a hosted service.
netwealth launches managed account service in collaboration with GPS Wealth
netwealth, a Australia-based non-institutional platform provider, has partnered with GPS Wealth to launch its first private label managed account.
DBS Group records 15% jump in Q2 profit
Singapore-based lender DBS Group has posted a net profit of SGD1.117bn for the second quarter of 2015, a rise of 15% from SGD969m a year ago.
RBS in talks to sell Indian private banking arm to Sanctum Wealth
Royal Bank of Scotland (RBS) is in talks to sell its Indian private banking business to Sanctum Wealth Management, a newly incorporated firm promoted by Shiv Gupta – currently managing director of RBS’ private banking operations in India.