All articles by Verdict Staff
Verdict Staff
More than half of high-net-worth Americans engage in hobby investing: BMO Private Bank
BMO Private Bank has released the results of a study on high-net-worth Americans (those with at least $1 million in investible assets) and hobby (or passion) investing.
LPL Financial adds IHT Wealth Management to its broker-dealer and RIA custodial platform
LPL Financial LLC has announced that IHT Wealth Management has transitioned to the LPL broker-dealer and hybrid RIA custodial platform.
Credit Suisse releases mid-year Hedge Fund investor sentiment survey
Credit Suisse has reported results of its mid-year Hedge Fund Investor Sentiment Survey, which polled 284 global institutional investors representing US$ 544 billion in hedge fund investment on their current strategy appetite and allocation activity.
Hedge fund manager concerns about the AIFMD are at highest level recorded: Preqin
As the 22 July 2014 authorization deadline for the AIFMD approaches, new research from Preqin, based on a survey of 150 hedge fund managers, reveals that the majority of hedge fund managers (59%) think that the AIFMD will have a negative effect on the hedge fund industry, compared to 53% in December 2013 and 29% in December 2012.
UK tax authority retrieves £135 million from Swiss banking clients
The UK’s HM Customs and Revenue (HMRC) has reportedly clawed back £135 million from clients that were named on a leaked list of HSBC’s private banking operation in Switzerland.
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FIS Wealth Management completes purchase of Reliance Financial Corporation
FIS Wealth Management Services, a subsidiary of FIS, has completed the purchase of Reliance Financial Corporation for an undisclosed sum.
RBS mulls sale of Coutts overseas business -report
Royal Bank of Scotland (RBS) is planning to divest the overseas business of its private banking arm Coutts as part of a restructuring of its wealth management business.
L&G acquires stake in Pemberton to launch a new direct lending platform
Legal & General Group (L&G) has acquired a 40% stake in Pemberton Asset Management Holdings as part of its plans to launch a new direct lending platform to European businesses.
Z Capital appoints new managing director and operating partner
Z Capital Partners, a US-based private equity firm, has appointed Timothy Clayton as new managing director and operating partner.
BT Financial Group selects Avaloq Banking Suite
BT Financial Group, the wealth management arm of the Westpac Group, has selected Avaloq Banking Suite to launch a new Panorama operating platform.