All articles by Verdict Staff
Verdict Staff
RIA merger and acquisition activity in first half remains steady: Schwab Advisor
The first half of 2014 experienced a continued healthy pace of activity, with 29 completed deals totaling $32.6 billion in assets under management, according to research conducted by Schwab Advisor Services on merger and acquisition (M&A) transactions in the registered investment advisor industry.
Rowan Dartington hires new asset allocation committee chair
UK-based wealth manager, Rowan Dartington has named John Betteridge as new chairman of its asset allocation committee.
Hargreaves Lansdown to roll out new D2C discretionary service
UK-based Hargreaves Lansdown is set to launch a new direct-to-consumer (D2C) discretionary service next year.
Eaton Vance Management launches new market opportunities fund
Eaton Vance Management, a subsidiary of Eaton Vance Corp has launched a new Eaton Vance Richard Bernstein Market Opportunities Fund, a mutual fund managed for total return.
Switzerland investigates private bank Espirito Santo over securities sales
Switzerland’s financial regulator FINMA has initiated enforcement proceedings against Banque Privée Espírito Santo, a Swiss private bank owned by Portugal’s bailed-out Banco Espirito Santo.
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RCS Capital completes purchase of Strategic Capital Advisory Services
RCS Capital Corporation (RCAP), a financial services firm, has completed the takeover of Strategic Capital Advisory Services (SCA) and SC Distributors (SCD) a financial services provider focused on alternative investment products.
Ogier sets up dispute resolution practice in Hong Kong
Ogier, an offshore legal advice provider, has established a dispute resolution practice in Hong Kong to cater Asian clients.
Top pension funds assets hit US$15 trillion
Total assets of the world’s largest 300 pension funds grew by over 6% in 2013 compared to around 10% in 2012, to reach a new high of almost US$15 trillion up from US$14 trillion in 2012, according to Pensions & Investments and Towers Watson research.
3Macs completes acquisition of Desjardins Securities
MacDougall, MacDougall & MacTier (3Macs), a Canada-based wealth management firm, has completed its acquisition of three Ontario branches of Desjardins Securities, the brokerage firm of Desjardins Group.
US regulator finalizes risk-management guidelines for big banks
The US Office of the Comptroller of the Currency (OCC) has published final guidelines to strengthen the governance and risk management practices of large financial institutions.