All articles by Verdict Staff
Verdict Staff
New consulting firm for wealth managers launched in Portland, Oregon
Investment advisors Craig Stuvland, Eric Warlick and Jay Penn have launched new consulting firm in Portland, Oregon which aims to empower financial professionals create independent advisory and wealth management firms.
Former Morgan Stanley executives launch Encompass Wealth Advisors
Former Morgan Stanley team with US$650 million in client assets have launched a new firm called Encompass Wealth Advisors, based in Portland, to support independent financial advisers.
JPMorgans private banking revenue rose by 5% in Q2
The private banking business of JPMorgan has reported revenue of US$1.6 billion for the second quarter of 2014, an increase of 5% from the prior year.
Investors positioning aggressively for recovery in H2: BofA Merrill Lynch survey
Global investors have regained a strongly bullish stance on the outlook for equity markets in the second half of 2014, according to the BofA Merrill Lynch Fund Manager Survey for July.
Snowden Capital Advisors rebranded as Snowden Lane Partners
Snowden Capital Advisors, a US-based wealth advisory firm, has renamed itself as Snowden Lane Partners.
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Four out of five American expats thinking about giving up passport due to FATCA: deVere
79% of American expats said they are thinking about renouncing their US passport due to the implications of the Foreign Account Tax Compliance Act (FATCA), which came into effect on 1 July, according to a survey conducted by deVere Group over 414 American expat clients.
Credit Suisse names new managing director for Greater China
Credit Suisse has named Angie Ma as new managing director and sector head for the Greater China region.
US investors withdrew US$8.3 billion from mutual funds in June: Morningstar
The US equity mutual funds suffered their second-consecutive month of outflows in June, as investors withdrew US$8.3 billion, the category groups largest outflow in 18 months, according to Morningstar.
Calastone hires new CFO
Calastone, a global funds transaction network, has named James Colquhoun as new chief financial officer.
Hedge Fund manager convicted in multi-million-dollar investment fraud
United States Attorney Walt Green said that James Holdman has pled guilty before US District Judge James Brady to multiple counts of mail fraud based on his engaging in a scheme which defrauded investors out of millions of dollars.