All articles by Verdict Staff
Verdict Staff
Amendments tabled to redesign EU’s proposed financial transaction tax
The proposed financial transaction tax should be better designed to capture more traders and to make evading it unprofitable, say proposals presented in the Economic and Monetary Affairs Committee. The proposals also say the tax should go ahead even if only some Member States opt for it.
Wells Fargo to offer new mobile apps to advisers to improve service quality
Wells Fargo will offer a new mobile application for its brokers this year to meet a growing need for new adviser tools in digital media, said Wells Fargo’s Joe Nadreau at Thomson Reuters’ 2012 Online Financial Services Symposium.
AIJ case forces Japanese regulator to commence probe of all advisory firms
In a bid to avoid a recurrence of the AIJ case, which affected nearly 100 small businesses’ pension funds, Japanese financial regulator has launched an investigation into all of the countrys investment advisory firms.
Investec Wealth appoints senior investment director
UK-based Investec Wealth & Investment has appointed Jonathan Marsden as the senior investment director for its Leeds office.
ZAO Raffeisenbank selects Advents wealth management solutions
Russia-based ZAO Raffeisenbank has chosen Advents wealth management solutions to automate processes and improve client reporting in anticipation of the development of their private banking activities.
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FSA puts restriction on wealth management firms fee post RDR
According to new guidelines finalized by FSA, wealth management firms will be barred from charging anything more than an advisory fee on distributor influenced funds (DIFs), once the Retail Distribution Review (RDR) comes into force.
Anil Ambani Group launch real estate fund focused on HNWI
The Anil Ambani Group has introduced a real estate fund for high net worth investors (HNWIs) looking to take part in a limited liability partnership (LLP) in India.
Barclays Wealth hires market head for Africa offshore
Barclays Wealth has appointed Philippe Hofer as managing director and market head for Africa offshore within international private bank, Europe Middle East and Africa (IPB EMEA).
UBS hires head of UHNW business in Europe
Swiss-based UBS has hired Eva Lindholm to head its business with ultra-high-net-worth clients in Europe.
Most millionaires prefer independent financial research
A recent survey by Spectrem Group has found that millionaires prefer doing their own research when making financial decisions, though they feel it is almost equally important to consult a financial advisor.