All articles by Verdict Staff
Verdict Staff
State Street records 6% rise in Q1 net income
State Street has posted a net income available to common shareholders of $377m for the first quarter of 2015, up 5.89% compared to $356m in the corresponding quarter of 2014.
JHC introduces new platform for wealth and investment managers
JHC, a provider of software and services to the wealth and investment management industries, has launched a new application platform named Element.
RBCs wealth arm fined in US for selling risky investment products
The Financial Industry Regulatory Authority (FINRA) has ordered RBC Capital Markets to pay a $1m fine and approximately $434,000 in restitution to customers for supervisory failures resulting in sales of unsuitable reverse convertibles.
Alibabas top executive to set up multibillion-dollar family office
Alibaba Group Holding executive vice chairman Joseph Tsai is reportedly forming a multibillion-dollar family office to invest the wealth created by the Chinese e-commerce firm’s $25bn New York IPO.
Swiss cantonal bank BCV Q1 operating profit up 11%
Swiss cantonal bank Banque Cantonale Vaudoise (BCV) has posted an operating profit of CHF131m for the first quarter of 2015, up 11% or CHF13m compared to the year ago quarter.
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Fund expense ratios decline in 2014, investors increasingly seek low-cost funds: Morningstar
Investors are paying less for fund management, as most fund flows have gone into lower-cost funds, while increased assets under management are pushing overall industry fee revenue higher, according to a study of fund fees by Morningstar.
JTC appoints new director in Guernsey
JTC, an independent provider of fund, corporate and private client services, has appointed Steve Bougourd as a director in its Guernsey office.
Advisor Partners and SSG Provide advisors with asset allocation portfolio solution
Advisor Partners, a turnkey asset management program, has signed an agreement with Shareholders Service Group (SSG), a brokerage and custodial firm for independent registered investment advisors, to provide advisors working with SSG a comprehensive, institutional-caliber global asset allocation product lineup to cater to the full spectrum of risk tolerances.
Top multi-family offices and wealth advisor firms breaking away from the pack: FOX
Profitability is growing among multi-family offices and wealth advisors and, at the same time, profit margins and revenue growth are showing increasing divergence, according to a new study from Family Office Exchange (FOX).
Santander Asset Management to merge with Pioneer Investments
Banco Santander and its partners Warburg Pincus and General Atlantic have inked a preliminary agreement to merge Santander Asset Management and Pioneer Investments to create a global asset manager in Europe and Latin America.