All articles by Verdict Staff
Verdict Staff
Nomura net profit surges in Q3
Japanese financial major Nomura has reported attributable net income of JPY70.3bn for the third quarter of fiscal 2017, a jump of 99% compared to the last year.
Ascot Lloyd launches adviser academy
British advice firm Ascot Lloyd has launched an adviser academy to train the next generation of IFAs.
Canadian robo adviser Wealthsimple expands into US
Canadian online investment manager Wealthsimple has expanded its service across all 50 states in the US.
Accenture to snap up InvestTech Systems Consulting
IT services provider Accenture has agreed to purchase Los Angeles-based InvestTech Systems Consulting for an undisclosed amount.
Julius Baer annual adjusted net profit surges to CHF706m
Swiss private bank Julius Baer has reported adjusted net profit of CHF 705.5m for the full year ended 31 December 2016, a 153% surge compared to CHF279.2m in a year ago.
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Swiss Life Asset Managers to restructure fund management business
Swiss Life Asset Managers has announced plans to launch a new organisational structure in 2017 for its Swiss asset and fund management operations, which will involve merging its separately managed companies into one entity and shuttering one branch.
Charles Stanley FUM remains flat in Q3
British wealth manager Charles Stanley’s funds under management and administration stood at £22.7bn at the end of the third quarter on 31 December 2016, almost flat compared to £22.5bn at 30 September 2016.
Majority of British HNWIs lack wealth transfer and inheritance plans
Majority of high net worth individuals (HNWIs) in the UK do not have a plan in place for how they will pass their assets on to the next generation or for inheriting wealth, according to a research by RBC Wealth Management carried out in association with Scorpio Partnership.
Global investors planning to grow presence in Europe: EY report
Global investors continue to have strong investment appetite in Europe despite current geopolitical and financial market volatility, with 56% of investors planning to grow their presence in Europe over the next three years, according to the EY 2017 European attractiveness survey Plan B for Brexit.
Private equity fundraising in Asia falters in 2016
The Asian private equity market has dropped in 2016, recording the second consecutive annual decrease in the number of funds closed and the total capital raised, according to a study by Preqin.