ANALYSIS: Is the S&P 500 election dip a great buying opportunity?
American shares have broadly dipped as investors brace themselves for the possibility of an unexpected election victory by a certain real estate tycoon.
US
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Jersey’s JTC granted South Dakota trust licence
Jersey-headquartered JTC has been granted a trust licence in South Dakota allowing the company to offer an enhanced range of trust services to its private and corporate clients with US elements to their planning needs.
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Last Word Poll: Clinton well ahead among IA readers
Members of International Adviser’s community of readers have expressed clear hopes for victory by Democratic candidate Hillary Clinton over her rival Republican candidate Donald Trump in the US presidential election in our website poll.
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Fatca is here to stay regardless of who wins the US elections
As the US election looms, one tax adviser says regulation requiring every US expat to provide details of their worldwide income is here to stay, regardless of who becomes the next president.
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Labuan targets US expat friendly business with FATCA support
Malaysia’s Labuan International Business and Financial Centre (IBFC) is looking to tap into the US expat market by helping businesses in the financial centre comply with the US’s Foreign Account Tax Compliance Act (Fatca).
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US releases first set of guidelines for adviser reforms
The US Department of Labor has issued its first set of guidelines on the fiduciary rule, set to go live in April, which will require specialist retirement advisers to put their client’s interests first.
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Morgan Stanley vows to keep commissions despite US reforms
Morgan Stanley, one of the largest wealth management firms in the US, has confirmed it will keep commission-based retirement accounts when the Department of Labour’s (DoL) fiduciary rule comes in to effect in April.
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Tax hikes expected for the wealthy if Clinton wins
Democratic candidate Hillary Clinton, tipped to be the next president of the US, is expected to introduce a whole raft of new taxes aimed at the nation’s wealthy once she gets into power.
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Around 40% of US advisers back neither presidential candidate
More than 40% of financial advisers in the US believe neither Hillary Clinton nor Donald Trump will have a positive impact on the stock market, the bond market, or the global economy after the new president is announced next month.
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Australian expats in the US could face taxes on super accounts
Australian expats living in the US may have to pay taxes on their superannuation pension accounts, following changes to the Internal Revenue Service’s (IRS) reporting requirements for such schemes.
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Merrill Lynch ditches US expats in account closures
Merrill Lynch, one of the ‘big four’ investment banks in the US, will no longer work with US citizens living abroad following the closure of all expat accounts earlier this month, a UK-based IFA firm has confirmed.
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Protectionist presidency poses biggest risk to US equities
Rathbones asset allocation strategist Edward Smith has argued that investors should “pay close attention to the insidious creep of protectionism, as US politicians and elsewhere look to harness the disenfranchised.”