07/27/2017
Privacy Controls - Giving Clients Control Back
Updated Privacy Controls - Giving your clients the control they expect
Legal,Regulation,Tax & Compliance
07/26/2017
Wealth managers must prepare for the age of transparency
The European economy is approaching a cliff edge, but it’s nothing to do with Brexit.
07/26/2017
Could your Facebook updates be used to determine your grandchildren’s tax status?
A tribunal case to determine whether a group of siblings were domiciled or non-domiciled for tax purposes had to look over the life of the claimants’ grandfather from his birth in 1930
07/25/2017
Lloyds staff jailed for plot to steal millions from wealthy clients
Four former Lloyds employees were among seven people jailed for 38 years
07/25/2017
Judge Denies UBS Attempt to Handicap Ex-Broker’s New Firm
The Protocol permits brokers who move from one signatory firm to another to take limited client contact information with them.
07/25/2017
Financial Conduct Authority approves Standard Life and Aberdeen Asset Management merger
Standard Life and AAM tell the stock exchange they are 'pleased to announce' the FCA and PRA approval while Martin Gilbert tweets his 'delight'
07/24/2017
Making Wealth Managers ready as time for MiFID II deadline approaches By: Rodney Taylor, Profile Software
A new area for Wealth Managers will be passing exception reports
07/24/2017
Ex-Schroders Trader Clarke Must Pay $456,000 for Insider Trading
The 41-year-old is one of a number of individuals to be prosecuted by the U.K. Financial Conduct Authority over insider dealing
07/24/2017
Withers’ global expansion breeds revenue growth as PEP leaps 25%
In 2016, the firm opened a new tax practice in Dubai with the hire of EY's Middle East and North Africa private client head Stijn Janssen.
07/24/2017
Britain's biggest wealth manager St James's Place accused of not being clear on costs and restricted advice by Which? investigation
Which? deemed that four out of 10 advisers sampled did not adequately explore the likely cost of investment in general.
07/21/2017
Update on the changes to the taxation of non-UK domiciliaries - SMP Partners
The announcement confirms that the draft 2017 Finance Bill "will be introduced as soon as possible after the summer recess".
07/21/2017
Madoff Scandal Lost Industry $363 Billion
But financial planners were hurt the least.
07/21/2017
Australia's multibillion-dollar legal tax avoidance loophole
The use of trusts to minimise tax is heavily skewed towards the wealthy.
07/21/2017
JPMorgan whistleblowers reap record $61 million
JPMorgan agreed to pay $307 million, with $267 million going to the SEC and $40 million to the Commodity Futures Trading Commission.
07/20/2017
FINRA Claim Filed Against UBS Financial Services
The suit is being arbitrated through Finra case number 17-01863 and UBS has yet to file a response.
07/20/2017
Ex-Credit Suisse Banker Pleads Guilty in U.S. Offshore Tax Case
Credit Suisse pleaded guilty in May 2014 for conspiring to aid and assist taxpayers in filing false returns, and was sentenced in November 2014 to pay more than $2 billion in fines and restitution.
07/20/2017
Italian tax police ask Switzerland for details on 10,000 banking clients
Credit Suisse considers the investigation by the Italian authorities into Credit Suisse's cross-border business as closed.
07/19/2017
Tax Briefing – Inheritance tax treatment of UK residential property update
The new rules extend the scope of IHT to interests in foreign entities which hold UK residential property, either directly or indirectly.
07/19/2017
Herbert Smith Freehills - Financial regulation update
ESAs consultations on ITS on mapping of ECAIs' credit assessments under CRR and Solvency II
07/19/2017
Tax Briefing – non-dom tax changes update
Those who may be affected by these rules should take advice immediately as their tax position may change significantly and they will not benefit from some of the reliefs available for those becoming deemed domiciled under the long-term non-dom rules.