All articles by BBR Staff
BBR Staff
LPL Financial to acquire Fortigent, expand offerings in RIA and HNW Market
US-based LPL Financial, a custodian and independent broker-dealer, after months of speculations has made its intent officially to acquire Fortigent, provider of High-Net-Worth solutions and consulting services to RIAs, banks, and trust companies.
Three Swiss bankers accused of US$1.2 billion tax fraud by US
The US has indicted three Swiss bankers for assisting US clients avoid declaring their full wealth to tax authorities.
UK Wealth Management aims to become national player
Yorkshire-based independent financial advisors group, UK Wealth Management (UKWM), has started the New Year with a resolution to transform from a regional firm to a national player and is expecting to complete at least one acquisition in the coming months, reports local media.
IFAs struggle to maintain income, seek regulatory support, says survey
A survey carried out by Cafemutual of independent financial advisors (IFAs) reveals that the sweep and force of regulatory changes made over the last two years has deeply impacted this group.
2012 should turn out better for risk markets, says JP Morgan
2011 was not a great year for investors, with global equities losing 10%, giving back 2010 gains, only partly offset by a 5.7% return on global fixed income, says Jan Loeys, head of Global Asset Allocation and Alternative Investments for JP Morgan.
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Low returns on brokerage wealth management products in China: Wind
A total of 109 wealth management products with total scale of RMB61.5 billion had been issued in China of which 95% either generated no profits or incurred losses, according to a report by Wind, a financial information provider.
New regulations lay off concerns over ETF
A new guideline for the sale of exchange-traded-funds (ETFs) may be issued in 2012, which will guide the uninformed small investors who end up buying unsuitable products, told a leading provider to Reuters.
No central bank merger until 2013, says Hungary to EU
Hungary has defied international concerns and has adopted central bank reforms whereby no merger of the central bank and regulatory authority will take place before 2013.
Maybank to develop wealth management business
Malasian bank Malayan Banking Berhad (Maybank) is planning to develop a wealth management business in the region and for that it has appointed an international management consultant to conduct a study.
SEI unveils Form PF reporting services
SEI has launched a new service designed to assist SEC-registered investment advisors of private funds in meeting their Form PF obligations.