All articles by Verdict Staff
Verdict Staff
Threshold launches new investment advisory offering targeted specifically at private family foundations
Threshold Group, a boutique family office, has introduced a distinct investment advisory program designed to suit the particular needs and aspirations of private family foundations.
PwC Switzerland, Avaloq join partner regarding Fatca services for financial market
PwC Switzerland and Avaloq have joined hands to offer financial services providers an integrated solution aimed at meeting the Fatca compliance requirements.
What industry areas will regulators concentrate on in 2012?
The private banking and wealth management industry faces increasing regulatory challenges as 2012 unfolds. It is quite clear that the UKs new consumer-facing regulator, the Financial Conduct Authority (FCA), will be a different animal in nature and outlook from the Financial Services Authority (FSA).
Swiss lawmakers amend law to relax secrecy laws for Holocaust funds
In a major step to deal with wealth hidden by Jews from the Nazis during World War II, the lower house of Swiss parliament has voted to relax strict secrecy laws to make it easier to liquidate unclaimed accounts held in Swiss banks, reported Reuters.
Smartleaf adds online portal for model vendors
Smartleaf, a provider of overlay portfolio management solutions to the wealth management industry, has added an online portal for model vendors.
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UK government closes property tax avoidance scheme
The British government has shut down a contrived and aggressive income tax avoidance scheme involving property business loss relief. The scheme was marketed to wealthy individuals as a way of reducing their tax bill.
Brooks Macdonald H2 pre-tax profit up by a third
British wealth management group Brooks Macdonald has reported a pre-profit of GBP4.08 million for the second half of 2011 ended 31 December 2011, up 33% compared GBP3.06 million a year ago.
Informa, Rocaton Investment Advisors launch new front-office wealth management platform
Informa Investment Solutions, a provider of institutional and private wealth advisory software and services, together with Rocaton Investment Advisors has launched a front-office wealth management technology platform called WealthIQ+.
Saxo Bank adopts SunGards Ambit Private Banking solution
Switzerland-based Saxo Bank has adopted SunGards Ambit Private Banking solution on an application service provider (ASP) basis.
Cyprus downgraded into junk status by Moody
Due to concerns over the exposure of its large banking sector to Greece, Moody has downgraded euro member Cyprus into junk status.