Managers of Wealth

UK Regulatory Horizon Scanning Update: Q4 2022

The FCA are seeking views on their proposed rules to introduce a new financial resilience regulatory return for solo-regulated firms.

H2O AM hit with record fine over Windhorst-linked investments

€100m in total

QE infinity set the stage for ‘funky businesses out of the Bahamas’: Mussie Kidane

The Pictet North American Advisors chief investment officer said that 2022 had been a radical rupture from the previous era.

JPMorgan bankers try to lure away Morgan Stanley’s tax fund clients

Banks both offer tax-loss harvesting, which has boomed in popularity on Wall Street this year

Top 5 Tax Strategies Used By Millionaires

One key strategy millionaires deploy when using this method is doing so in a way that ensures the original business and the management company have different fiscal year ends.

Leonteq reaches settlement in previously disclosed legacy litigation matter and provides business update

In the second half of 2022 to date, Leonteq continued to register reduced client demand on the back of an overall challenging market environment but recorded stable monthly net fee income over the same period.

UBS settles US lawsuit with ex-employees

The major Swiss bank UBS recently took several ex-employees to court in the USA.

The prestige mandate of the federal government is definitely in new hands

As the fund company Responsability confirmed on request, it will take over the management of the portfolio of the Swiss Investment Fund for Emerging Markets (Sifem) from next March.

Van Lanschot Kempen and Mercier Vanderlinden to take next step in collaboration by accelerating acquisition of remaining stake

Joint assets under management (AuM) for Mercier Vanderlinden and Van Lanschot Belgium amounted to €9.6 billion by the end of November.

Switzerland presses for ‘open finance’ in banking industry

The Federal Council wants regulators to compel companies to share data, bringing a philosophy of ‘open finance’ to Switzerland for the first time.

Rich Norwegians flee to low-tax Switzerland as wealth levy bites

Business leaders voice concerns over taxes imposed by centre-left government in Oslo

Central bank trio hikes rates as hawks and doves jostle for position

After simultaneous 50 basis point rate rises in the US, Europe and the UK, we look at the different outlooks and circumstances the respective central banks face.

Bailey the ‘Grinch’: Five reactions to the BoE rate hike

Wealth and asset management pundits gave mixed reactions as the Bank of England raised interest rates to 3.5% on Thursday.

Labuan FSA Awarded The Brandlaureate e-Branding Bestbrands Award For FinTech Islamic Financial Services

The Labuan Islamic Digital Asset Centre or IDAC was unveiled in October 2022

UK FCA Action Against Firms Relating to Arrangements with Third Party Intermediaries – Lessons Learned

The finding, in particular, that JBIL failed to act with integrity stands out, with there being very few cases where the FCA has considered that there has been a breach of Principle 1 of its Principles for Businesses.

Fidelity International Receives Operating License in China

Through its wholly foreign-owned enterprise FIL Fund Management, Fidelity will be able to offer onshore investment products and solutions to retail clients and asset management services to institutional clients in China.

Collecting the right tax from wealthy individuals

Information about how HMRC deals with wealthy individuals to help them comply with their tax obligations, and to challenge those who don’t play by the rules.

Credit Suisse accepted suspicious invoices for $140mn Greensill loan

Companies listed on bills tell the FT they did not do the stated business

Collas Crill Awarded 'Best Legal Team' At The 2022 Wealthbriefing Channel Islands Awards

The award reflects our relentless focus on delivering the very best service, advice and solutions for our clients. A very heartfelt thanks and a huge congratulations to our teams in Jersey and Guernsey.'

Credit Suisse Can Pursue Softbank Suit in London

The lawsuit is likely to involve claims of around $440 million, which the Greensill company is asserting against US construction firm Katerra.

Legal,Regulation,Tax & Compliance