All articles by Verdict Staff
Verdict Staff
Canadians prioritize long-term financial goals, BlackRock survey
The confidence inspired by Canada’s relatively strong economic performance following the 2008 economic crisis may be waning, as Canadians are less optimistic about their financial future than they were last year, and less optimistic than their counterparts globally, according to the second annual Global Investor Pulse Survey from BlackRock.
Wilmington Trust names new managing director for wealth advisory
Wilmington Trust has hired David Bloom as its new managing director and senior private client advisor in the firm’s Wealth Advisory division to serve its HNW clients in the Greater Philadelphia region.
Citigroup sets aside extra $600m for legal expenses
Citigroup is putting aside an additional $600m to cover legal expenses owing to rapidly evolving regulatory inquiries.
ECB appoints executing asset managers for ABS purchase programme
The European Central Bank (ECB) has appointed four executing asset managers to conduct its Asset-Backed Securities Purchase Programme (ABSPP).
Affluent investors expect quick return communication from their advisors: Spectrem survey
A majority of affluent investors expect return communication from their advisors within hours of delivering the message, either by phone or by email, according to Spectrem’s quarterly report on wealthy investors and their relationship with advisors.
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Henderson AUM up 2.5% to £76.6bn in Q3
Henderson Group said its assets under management (AuM) stood at £76.6bn for the three months period ended 30 September 2014, up 2.5% compared to £74.7bn as of 30 June 2014.
Morningstar expands Europe investment consulting team
Clémence Dachicourt and Marina Jelesova have joined the Morningstar Investment Management group, a unit of Morningstar, as senior investment consultant and portfolio manager, and investment consultant and portfolio manager, respectively.
ANZ’s global wealth division posts 11% rise in annual profit
Australia and New Zealand Banking Group’s (ANZ) global wealth division has reported a cash profit of A$525m for the fiscal year ended 30 September 2014, a rise of 11% compared to A$471m during the same period last year.
Despite strengthening US economic growth, Americans ‘holding back’ as investors: BlackRock survey
Despite improved prospects for U.S. growth, Americans are still “holding back” as investors and potentially risking their financial future, particularly hopes for a secure retirement, according to results of the BlackRock Global Investor Pulse Survey.
World Bank to slash 500 jobs amid restructuring
The World Bank is planning to slash 500 jobs over the next three years as part of its broad restructuring plan.