All articles by Verdict Staff
Verdict Staff
FCA to probe wealth managers’ use of in-house funds
Then UK Financial Conduct Authority watchdog is intending to investigate the use of in-house funds by wealth management firms and private banks.
Diverse Financial launches new premier client member program
Diverse Financial, a US-based asset and wealth management firm, has launched a new premier client member program designed to offer lifestyle benefits and concierge services.
Nearly 79% Wisconsinites confident in tax planning, but not tax-smart when investing: BMO survey
According to a study issued today by BMO Harris Financial Advisors (BHFA), 46% percent of those Wisconsinites surveyed prepare their own tax returns. Further, 79% percent — below the national average of 83% are confident that their completed tax returns will take advantage of all of the tax deductions, tax credits or other tax savings that may be available to them.
CalPERS appoints new acting senior investment officer of real assets
The California Public Employees’ Retirement System (CalPERS) has named Tom McDonagh as acting senior investment officer (SIO) for real assets, effective April 1, 2014.
Canadian Securities Administrators propose pre-sale delivery of fund facts for mutual funds
The Canadian Securities Administrators (CSA) has published for a second comment period, proposed amendments to National Instrument 81-101 Mutual Fund Prospectus Disclosure (NI 81-101), which would require a Fund Facts document to be delivered to investors before they buy a mutual fund.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Australia introduces amnesty for offshore tax evaders
The Australian Taxation Office (ATO) has introduced a new tax amnesty programme for offshore tax evaders asking them to declare their overseas assets and income by the end of December this year.
Brown Shipley to further strengthen Scottish team
Brown Shipley has announced the appointment of Douglas Noble, Neil Mitchell and Gair Brisbane to its Edinburgh office.
US CFTC charges two for violating rules pertaining to segregated and secured amount funds
The US Commodity Futures Trading Commission (CFTC) has announced the filing and simultaneous settlement of charges against Morgan Stanley Smith Barney LLC (MSSB), a registered Futures Commission Merchant (FCM), for violating CFTC rules governing secured funds of foreign futures and option customers and commingling customer and firm funds.
HSBC names new retail and wealth management head for MENA region
HSBC has named Khalid Elgibaly as new head of retail banking and wealth management for the Middle East and North Africa (MENA) region.
Bank J. Safra Sarasin names new chief economist
Swiss private lender Bank J. Safra Sarasin has named Karsten Junius as new chief economist, effective 1 April 2014.