Newtown Square, Pa.-based Veritable has $10 billion under management for high-net-worth clients. The deal, announced yesterday, is the first wealth management acquisition for AMG, which owns stakes in 27 boutique money managers that have a total of $338 billion under management. Its affiliated firms include AQR Capital Management LLC, Aston Asset Management LP, Third Avenue [...]
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Affiliated Managers Group takes maiden wealth management stake with Veritable deal
- 17 Mar, 12
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- Financial Consultant
The regulator says consumers are at risk of being mis-sold as they struggle to cope with falling investment returns, low interest rates and a slower economy. In its Retail Conduct Risk Outlook, the FSA has highlighted the products which it fears pose the greatest risk of consumer detriment over the next year – and warned [...]
Monday Roundup: Are “cash mobs” the saving grace for local businesses?
- 03 Mar, 12
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- Financial Consultant
Are “cash mobs” the saving grace for local businesses? I read on MSN today about cash mobs. If you’ve heard of flash mobs — either the violent or the artistic kind — then it’s very similar to that. The idea behind cash mobs is to give a booster shot to local businesses. The cash mobs [...]
Heres the first in a series of articles throughout March that will help you get your finances in shape. As March is the month when George Osborne will deliver his Budget for Britain, we thought it was a good opportunity for us to talk about budgeting as well. If you’ve never set a budget before, [...]
Yen Weakens to 80!
- 18 Feb, 12
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- Financial Consultant
Well, the crazy things that have been going on with Japanese yen (JPY) finally seem to be unwinding For anyone new to class, the Japanese yen has been one of the best-performing currencies the past couple of years, and not for strong fundamentals The economy has been in a funk for over two decades, interest [...]