All articles by Verdict Staff
Verdict Staff
Bank of America’s wealth arm sees 13% rise in Q3 income
The Global Wealth and Investment Management (GWIM) unit Bank of America (BofA) has registered a net income of $813m for the third quarter of 2014, up by 13% compared to $720m a year ago.
Orion Advisor taps Laser App Anywhere to enhance advisors’ mobile capabilities
Laser App Software has announced that Orion Advisor Services, the portfolio accounting service bureau, has implemented Laser App Anywhere to strengthen its advisors’ mobile capabilities, allowing them to conduct business on any device from any location.
Fidelity to offer Betterments digital service to its financial advisers
Fidelity has inked an alliance with Betterment to enable Fidelity-affiliated financial advisers to use the latters digital service.
Charles River adds Thomson Reuters pricing & reference data to its managed data service
Charles River, a front- and middle-office investment management solution provider, has enhanced its managed data service with the addition of Thomson Reuters pricing and reference data.
Coutts hires new executive director for relationship management
Coutts has hired Rod Sampson as new executive director for relationship management.
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SEC announces enforcement action against former Wells Fargo Advisors compliance officer
The Securities and Exchange Commission (SEC) has announced an enforcement action against a former Wells Fargo Advisors compliance officer who allegedly altered a document before it was provided to the SEC during an investigation.
Value Partners introduces its first RQFII product to achieve long-term capital growth
Hong Kong-based asset gatherer Value Partners has launched its first Renminbi Qualified Foreign Institutional Investor (RQFII) product with the aim of long-term capital growth and income appreciation.
LGIM names new retail distribution head for EMEA
Legal & General Investment Management (LGIM) has named Honor Solomon as head of retail distribution for Europe, Middle East and Africa (EMEA).
EU Finance ministers sign agreement to end bank secrecy
Finance ministers of European countries have reached an agreement to extend the scope of automatic exchange of information between tax administrations to include more types of income to the end of bank secrecy in tax matters.
IRS extends certain FATCA deadlines
The US Internal Revenue Service (IRS) has given withholding agents and foreign financial institutions additional time to comply with requirements for determining an account holder’s foreign status.