International wealth boutique buys into UK IFA
London-based wealth manager Dolfin has formed a strategic partnership with the advisory group Alexander House Financial Services.
Author: Will Grahame-Clarke
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Pension firm with 15 schemes shuttered by UK court
A group of 15 rip off pension schemes operated by a single company, which duped savers and allowed “unsavoury advisers” to pocket £4m in commissions, have been declared insolvent.
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‘Monstrous’ offshore bond tax regime ripe for review
In a wide-ranging review of the tax treatment of pensions and savings income, the UK’s Office for Tax Simplification has called for HM Revenue & Customs to launch a review into life insurance withdrawals.
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European Wealth discovers liabilities at US acquisition target
Guernsey-based European Wealth Group’s $1.7bn acquisition of US broker Newbridge faces a fresh hurdle despite receiving regulatory approval.
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Avoid Harry and Meghan tax hangover warn accountants
Property owners who rented out their Windsor properties for thousands of pounds over the Royal wedding weekend or those selling their Royal goodie bags on eBay, risk a tax hangover if they hide their windfall, London accountants Blick Rothenberg have warned.
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Luxury asset structuring a major opportunity in Asia
Swathes of Asia’s greatest family fortunes held in alternative assets like fine art or watches are being overlooked by financial planners, according to an experienced trustee.
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Abacus appoints veteran adviser from Globaleye
Advisers Abacus Financial Consultants have appointed Graham Hughes, a former wealth and employee benefits manager at Globaleye.
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Securing international talent a challenge for Switzerland
Securing top international talent is the biggest challenge facing Switzerland’s private banking industry according to a trade association
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Old Mutual boosts adviser support team
Old Mutual Wealth has hired a pension specialist and an offshore tax expert to strengthen its services for international advisers.
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Guardian unit enters into deal with Optimus Capital
GWM Investment Management has bought a stake in discretionary investment manager Optimus Capital to widen the range of services it can offer.
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UAE lender buys Turkish private bank for $3.2bn
Dubai’s Emirates NBD has agreed to buy Turkey’s Denizbank from Russia’s state-owned Sberbank for $3.2bn.
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PEOPLE MOVES: Provisca director joins Continental in global role
Industry veteran Richard Williams has left international product distribution firm Provisca to build a global network of financial adviser partners for Dubai-headquartered Continental Group.