Managers of Wealth

11 Indians get notices in a day as Switzerland steps up process to share banking information

In April also, some such notices were issued including to one Mrs. J N V, as also to Mr. Kuldip Singh Dhingra and Anil Bhardwaj, among others.

Added: Asset managers show keener interest in UAE funds market

Shake-up of rules governing the sector look set to continue as Securities and Commodities Authority steps up oversight

Revealed: the three firms added to Finma’s warning list

Finma has added three more companies to its warning list.

How ‘McMafia’ wealth order woman spent £16 million at Harrods

She spent £5.75 million at jewellers Boucheron and Cartier, and paid six-figure sums shopping for fashion brands including Dennis Basso, Celine, Fendi and Christian Dior.

Equiom CEO, Sheila Dean named Outstanding Individual of the Year

The winners are selected through a mix of public voting and judging by a panel of industry experts.

Mifid rules highlight the costs of investing

Wealth managers now required to produce annual fee statements

Pass on your wealth without paying a penny to the taxman: Inheritance tax cost £5.4bn last year - and more are set to pay it

And there is no escape if you give your assets away during your lifetime, as anything given within seven years before your death may also be subject to tax — and could mean your relatives are chased for money after you've gone.

Is Compliance the Riskiest Job in Swiss Banking?

Under Swiss money laundering law, compliance officials can be sanctioned and fined under criminal code

IFP’s New Broker/Dealer Goes Live

The firm has recruited about 200 of the 460 producing advisors it started with when the process began a year ago, promising equity ownership, reduced administrative fees and a tech stack built from scratch.

Gresham House and AXA IM team up for forestry fund

The firm did not disclose how much the portfolio was worth but the Society of Chartered Surveyors Ireland found the average hectare of forest changed hands for €9,838 (£8,623) in 2016, making the portfolio worth a potential €40 million: al

Developed nations ‘unlikely’ to meet sustainable development goals

The OECD's secretary general says more needs to be done if the 2030 target is to be met

UBS Is Poised to Settle Tax Case With Italy for $110 Million

Rival Credit Suisse Group AG in 2016 agreed to pay 109.5 million euros to Italian authorities investigating the bank’s past use of insurance policies, allegedly to help clients evade taxes.

Could New SFC Rules Push More Taiwan Clients to Singapore?

Whilst many sophisticated Hong Kong and mainland China clients are unlikely to shift preferred locations merely due to tightened access to the product universe, Taiwan clients have already shown willingness to book in either or both booking centers.

Swiss corporate tax reform approved by popular referendum

The tax reform is intended to safeguard the appeal and competitiveness of Switzerland as a business location and secure jobs and tax receipts in the medium to longer term.

SFC Rules: Five Things to Watch Out for Wealth Managers

A once popular channel, especially for Greater China’s sophisticated investors, the clampdown will test banks appetite

Fraud firm run by Norwich brothers declared in default

A number of IFA firms are included in the most recent list, as well as a business called Vantage Investment Group.

Graham Bentley: FCA’s work on the advice gap cannot come soon enough

The great majority of those businesses were therefore built on revenues earned from initial and ongoing commissions attached to selling products, and indeed continued to benefit from the trail for another three years.

Reasons why Guernsey’s going green

Green finance, Guernsey Green Finance, is about financing climate change mitigation projects.

HMRC finds widespread confusion over IHT rules

HMRC found that older people who had substantial wealth or who intended to leave a large inheritance, and were therefore likely to be affected by IHT rules

Wealth management boss jailed for a decade over £14.5 Ponzi fraud handed FCA final notice

David ran a legitimate HBFS business parallel with his fraud, in which he convinced investors, some of which he knew personally as friends, that their funds were held in high-interest bank accounts offering between four and eight per cent annual interest.

Legal,Regulation,Tax & Compliance