All articles by Verdict Staff
Verdict Staff
Standard Life pledges to pay platform clients’ rebate tax bill until end of 2013
Standard Life has said that it will pay the 2013 tax liability that customers investing through its platforms will incur following the advice from HM Revenue & Customs (HMRC) that the ‘cashbacks’ they have been receiving on their fund charges should be taxed.
BigFoot Investments unveils new portfolio management toolkits for advisors
BigFoot Investments has launched its second generation portfolio management toolkits for variable annuity sub-accounts, mutual funds, individual stocks and exchange traded funds.
CFTC revokes registrations of Robert Christy and his company, Crabapple Capital
The U.S. Commodity Futures Trading Commission (CFTC) today announced the revocation of the registrations of Robert Christy of Milton, Georgia, and his company, Crabapple Capital Group LLC (Crabapple) of Alpharetta, Georgia. Crabapple was registered with the CFTC as a Commodity Pool Operator and Commodity Trading Advisor, and Christy was registered as an Associated Person of Crabapple and listed as its sole principal.
NAPFA appoints new CEO
The National Association of Personal Financial Advisors (NAPFA) has appointed Geoffrey Brown as its new CEO effective 1 July 2103.
SEBI to get more teeth to tackle ponzi schemes
The Indian government has proposed to arm Securities and Exchange Board of India (SEBI) with stronger powers to tackle ponzi schemes.
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Ashcourt Rowan outsources asset management administration to TD Wealth
Ashcourt Rowan Asset Management has outsourced its asset management administration and custody to TD Wealth Institutional, bringing the business on to a single operating platform.
Polar Capital Holdings to launch Global Financials Investment Trust
Polar Capital Holdings plc, a UK-based research driven investment management firm, has announced its intention to launch the Polar Capital Global Financials Trust plc (PCFT).
Rubik to purchase Visor Desktop from Macquarie
Financial technology provider, Rubik has signed a binding agreement to acquire Visor Desktop financial planning software (formerly COIN Desktop) from Macquarie’s Banking and Financial Services Group, to expand wealth management market in Australia.
IFAs most likely to outsource asset allocation: FE Research survey
The investment function IFAs are most willing to outsource is asset allocation, with 36% of respondents to a survey by FE Research saying they were looking for a third-party solution.
Ghana likely to select Citibank, Barclays to lead $1 billion Eurobond plans
Citibank and Barclays are likely to be named the lead advisers for Ghana’s planned $1 billion Eurobonds this year, Reuters reports.