All articles by Verdict Staff
Verdict Staff
Credit Agricole Private Banking expects PE investments to reach $5bn
Credit Agricole Private Banking has revealed to Bloomberg that it expects private-equity investments by its wealthy clients to more than double to as much as $5bn in the next three to four years.
Hargreaves Lansdown H2 pre-tax income down 2%
Hargreaves Lansdown has posted pre-tax profits of £101.9m for the second of the year-ended 31 December 2014, down 2% compared with £104.1m a year ago.
Russell Investments appoints Cofunds and Intelliflo as preferred partners
Russell Investments has hired Cofunds and Intelliflo as preferred partners for its wealth management service for financial advisers, reports FT Adviser.
JPMorgan plans to merge away global consumer equity fund
JPMorgan Asset Management has revealed its plans to merge away its EUR98m global consumer equity product as part of an on-going strategic review.
Abusive tax shelters again on the IRS dirty dozen tax scam list
The use of abusive tax shelters and structures to avoid paying taxes continues to be a problem, said the Internal Revenue Service (IRS), adding that it remains on IRS’ annual list of tax scams known as the “Dirty Dozen” for the 2015 filing season.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
India edges out Russia in Hurun’s ranking of world’s billionaires, US retains top slot
The United States retained top slot in Hurun Global Rich List for 2015 with 537 billionaires followed by China with 430. India with its 97 super-wealthy edged out Russia with 93.
Baby boomers approaching retirement should avoid risky allocations CIFR
Financial plans are often generic and too risky for clients on the cusp of retirement, according to a study by the Centre for International Finance and Regulation (CIFR) which examines current financial planning practice in Australia and whether baby boomers are getting the advice they need as they head into retirement.
EU launches probe into favourable tax rulings for Belgiums multinationals
The European Union (EU) has ordered a probe into favourable tax rulings for multinational firms in Belgium.
AXA IM expands Nordic coverage with three new appointments
AXA Investment Managers (AXA IM) has hired a new team comprising Henrik af Donner, David Andersson and Viktoria Orhamn, dedicated to the service of its Nordic clients.
Switzerland remains world’s largest wealth management centre: Deloitte
Despite tax evasion scandals Switzerland remains the world’s largest wealth management centre with $2 trillion assets under management at the end of 2014, this is an increase of 14% compared to 2008, according to financial consulting firm Deloitte.