All articles by Verdict Staff
Verdict Staff
Cetera Financial Institutions introduces new online advisor recruiting database
Cetera Financial Institutions (CFI), the bank and credit union-focused broker-dealer within Cetera Financial Group, has launched Talent Network, a new recruiting database specifically designed to enable financial institutions to gain competitive market intelligence and build a recruiting pipeline of investment professional talent.
Merrill Lynchs third-party distribution MD joins American Funds
Peter Thatch, the chief liaison between Merrill Lynch Wealth Management and mutual fund companies and money managers, has joined Los Angeles’ American Funds, a unit of The Capital Group of Companies.
FPI launches financial planning proposition for expats
Friends Provident International (FPI), an Isle of Man-based insurance firm, has rolled out a new financial planning proposition targeted at British and Australian expats in Singapore.
JP Morgan weighs sale of Indian mutual fund business
JPMorgan Asset Management is considering a sale of its mutual fund business in India, which has over INR140bn ($2.2bn) in assets under management.
FINRA fines Brookville Capital Partners for defrauding customers
The Financial Industry Regulatory Authority (FINRA) has slapped a penalty of $500,000 on New Yorks Brookville Capital Partners for fraud regarding sales of a private placement offering and directed the firm to pay over $1m in full restitution to the affected customers.
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Unequal legacy of crisis leaves young with economic mountain to climb-LSE report
People in their twenties have been the worst affected by the economic crisis despite higher qualifications than any earlier generation, according to a comprehensive LSE analysis of what has happened to inequalities in qualifications, employment, pay, incomes and wealth since 2007.
Hedge fund managers eagerly adapt to changing markets: survey
The hedge fund industry is transforming, with managers increasingly focused on customized products and solutions, new investors, and emerging markets, according to a report produced by KPMG International, the Managed Funds Association (MFA), and the Alternative Investment Management Association (AIMA).
Threadneedle buys stake in Gatehouse Bank
London-based Threadneedle Investments has acquired a 2% stake in Gatehouse Bank, a London-based investment bank specialising in Shariah-compliant products and services.
Reich & Tang to liquidate money market mutual funds business
Reich & Tang, an affiliate of Natixis Global Asset Management, is set to liquidate its money market mutual funds as part of its focused corporate strategy.
CII step up requirements for chartered status firms
The Chartered Insurance Institute (CII) of UK has decided to introduce a range of enhancements to its requirements for firms holding its corporate chartered status.