All articles by Verdict Staff

Verdict Staff

Institutional plan sponsors see higher Q2 gains: Northern Trust

Institutional plan sponsors gained almost 4% in the second quarter at the median, nearly doubling the gains achieved in the first quarter, according to Northern Trust Universe data.

IFA Cheetham Jackson to open new Lancashire office, create 10 new jobs

Cheetham Jackson, a UK-based independent financial advisor, is planning to open a new office in Lancashire in the next 12 months.

Only 18% of financial advisors target clients in Generation Y: Principal Financial

Only 18% of financial advisors surveyed are targeting clients in Generation Y, and 57% of advisors prefer new clients with assets of more than $250,000, according to a new research from the Principal Financial Group.

Law firm Harper Macleod to merge with Bird Semple to create new firm

Harper Macleod, a Scotland-based law firm, has entered into an agreement to merge with Glasgow-based private client boutique Bird Semple to create a new firm with a combined turnover of more than £23 million.

ETFs and ETPs listed in Asia Pacific reached US$103.3 billion in assets in July: ETFGI

ETFGI’s analysis finds ETFs and ETPs listed in Asia Pacific gathered US$1.2 billion in net new assets in July, which pushed assets in the Asia Pacific ETF/ETP industry to a new record high of US$103.3 billion, surpassing the prior record of US$96.7 billion set at the end of June 2014.

Faisal Islamic Bank of Egypt selects SunGard’s risk management solutions

Faisal Islamic Bank of Egypt has chosen SunGard’s suite of enterprise risk management solutions to develop a new operational framework for improved risk exposure, reporting and Basel compliance.

Cashfac Technologies opens office in Singapore

Cashfac Technologies, a provider of cash management solutions, has opened a new office in Singapore.

EY appoints new global tax leader

EY has appointed Jay Nibbe to global vice chair for tax, leading more than 35,000 tax professionals around the world.

Ladenburg Thalmann to buy KMS Financial Services

Ladenburg Thalmann Financial Services, a US-based financial services company, has agreed to acquire an independent broker-dealer and investment advisor KMS Financial Services.

ProShares launches ETFs offering pure exposure to high yield credit

ProShares has launched two funds that provide pure exposure to the credit component of the high yield bond market uncoupled from the interest rate component.