By Najat Kantouar
WH Ireland said it agreed to allow Verso Wealth Management to market its services to certain clients of its loss-making Henley office.
The wealth manager said Monday that under the agreement, it would receive cash payments linked to any revenue generated from its clients until June 20, with a maximum of 500,000 pounds, equivalent to $620,150.
The portfolio represents around 152 million pounds of its assets under management, WH Ireland said.
Write to Najat Kantouar at najat.kantouar@wsj.com
(END) Dow Jones Newswires
February 10, 2025 02:34 ET (07:34 GMT)
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