Managers of Wealth

Possibility of privately-held wealth tax arises after Heng's comment

Unfortunately, he had the opposite effect.

Ex-UBS senior strategist was 'fed up'

He told a Manhattan federal jury on Thursday that he was let go shortly after he ignored a request to scrap a report about how a double-dip recession could hurt the hotel industry’s real estate.

Private Client | December 2017 - Saffery Champness

A round-up of topical tax and personal finance issues affecting individuals and families

Former Company Insider Earns More Than $4.1 Million for Whistleblower Tip

The whistleblower is the third awarded by the SEC in the past week.

Mazars to strengthen financial planning offering via acquisition of RCL Consultancy

Mazars also enters into a joint venture with The Embark Group to launch ‘Vested’, a new employee benefits joint venture

Billionaire Kiuna takes on Old Mutual in buyout row

He wants the High Court to stop compulsory acquisition of his stake, arguing that the fact that UAP shares have been valued at 14 times more than OMLAC is a sign of foul play.

Bra tycoon turned Tory peer Michelle Mone set to move into £11m pad bought by billionaire boyfriend's offshore trust

Mone's boyfriend Doug Barrowman's firm specialises in helping super-rich get around the crackdown on tax avoidance.

JPMorgan, Santander partner in asset management in Brazil

Santander has 263 billion reais ($81.4 billion) in assets under management in Brazil

How to avoid HMRC’s new powers turning into a can of worms by George Bull

Sometimes new tax rules bear little resemblance to the colourful label applied when they were announced by the Chancellor of the Exchequer. It’s important that HMRC’s new powers to tackle tax avoidance don’t turn into a can of worms.

FCA regulatory sandbox update

The FCA has published a list of firms that have been successful in their applications to begin testing in cohort 3 of the FCA's sandbox. The FCA received 61 submissions for the third phase, of which 18 applicants met the sandbox eligibility criteria.

Five effects of regulation

‘The pace and relentlessness of the changes required, exacerbated by legacy infrastructure and siloed operations, comes with a significant price tag, and is something that many wealth managers are still underequipped to deal with.

New recognition for Appleby lawyers in latest Legal 500 rankings

The results show that Appleby continues to hold their top tier rankings in many sectors, including the newly introduced banking, finance and capital markets sector.

EU decision reaffirms Guernsey’s status as a cooperative jurisdiction

Guernsey Finance Chief Executive Dominic Wheatley said it was no surprise that the island continued to be endorsed as an excellent and cooperative international finance centre by the EU.

Wealth manager hits the acquisition trial with £1m deal

Under the terms of the deal, the combined maximum purchase price is £1.1m, payable in cash over the next 26 months in four tranches, dependent upon performance criteria being met.

EU blacklist names 17 tax havens and puts Caymans and Jersey on notice

Brussels identifies 17 states including South Korea, Barbados, Panama and UAE with 47 others such as the Isle of Man and Bermuda warned

Frayed Nerves Over Saudi Millions

Banks in Switzerland have also spent decades wooing wealthy Saudi Arabian clients, and ties are deep

Guernsey welcomes EU reaffirmation of 'cooperative jurisdiction' status

The Code Group's screening process initially involved 92 non-EU countries and jurisdictions.

Cohabitation agreements (living together agreements) – 10 things you need to know and how to get started

If you are living together as a couple, you need to be aware that your 'legal' cohabitation rights are seriously limited should the relationship break down.

Navigating AuM in today’s regulatory environment

The AIFMD Annex IV filing uses the same terminology but a different calculation method.

I-T dept serves notices to over 50 individuals in HSBC Geneva case

The tax department is keen to start process before the year-end.

Legal,Regulation,Tax & Compliance