Deutsche Bank has combined its Wealth Management and Private & Commercial Business International (PCBI) units into a new International Private Bank, with a client base of well over three million private, wealth and commercial clients, and assets of EUR250 billion and revenue of EUR3 billion.
LaSalle St, a family of independent wealth management firms encompassing independent broker-dealer and registered investment adviser (RIA) platforms, has launched a new Fund and Annuity Direct Help Desk.
In a bumper week for new ETF launches, Leverage Shares expanded its range of LSE-listed S&L ETPs to 40 with the addition of 28 new products based on the heavily traded US stocks. Franklin Templeton meanwhile, added a US Treasuries ETF to its range of active ETFs for US investors, while Direxion debuted three ‘buy and hold’ funds and Ossiam launched a new fund to replicate the performance of the ICE (Intercontinental Exchange) 3-5 Year Euro Government Carbon Reduction Index.
iCapital Network is to acquire the alternative investments feeder fund platform from Wells Fargo’s (NYSE: WFC) Global Alternative Investments (GAI) division.
PIMFA, the trade association for the wealth management and financial advice industry, has welcomed the Financial Conduct Authority’s (FCA) announcement that it intends to make the ban on marketing of so-called mini bonds, introduced in January, permanent.
Family office Pitcairn has appointed Bruce Stewart as Managing Director of Client Investment Strategy.
Wells Fargo & Company has appointed Barry Sommers as CEO of Wealth & Investment Management (WIM(, effective 22 June, reporting to CEO Charlie Scharf.
UK investors are looking to savings accounts and the stock market as they adapt their financial strategies due to Covid-19, new research commissioned by HYCM, an online provider of forex and Contracts for Difference (CFDs) trading services for both retail and institutional traders, has found.
Half of Britons aged 55 and over (51 per cent) admit they know little about the pension freedom rules introduced in April 2015, according to new research from Standard Life.
Bernstein Private Wealth Management (Bernstein), a unit of AllianceBernstein (AB), has appointed Kristen Dalton as a Managing Director, joining the leadership team in its New York City office.