First FATCA reporting deadline passes, but issues remain
The first reporting deadline for the US Foreign Account Tax Compliance Act (FATCA) has now passed, although “obstacles” still stand in the way of full compliance.
US
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Concerns for ESG criteria growing says survey
Investors around the world are paying increasing attention to environmental, social and governmental (ESG) factors as a way of delivering good returns within alternative investments, according to new research.
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Brooks Macdonald relaunches range with new
Brooks Macdonald has relaunched its multi-asset fund range, introducing three new currency share classes to help drive the growth of the firms international offering.
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Three US equity funds to look out for
The US was again the standout market in terms of performance in 2014, registering a third straight year of double-digit gains.
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Vanguard International announces
Vanguard, the world’s largest mutual fund company, has announced senior management changes within its international group.
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Lenient FATCA has kick started
FATCA, the US’s controversial piece of US tax legislation, has marked the first step towards global transparency and has provided cooperating jurisdictions with plenty of leniency, a US-based tax expert has said.
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US unveils plans to tackle hidden adviser fees
US President Barack Obama has announced plans to update the rules for financial advisers on Wall Street in a bid to crackdown on hidden fees and back-door payments that mean clients may not get the best retirement investment advice.
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DeVere predicts 25 growth in plan to become
DeVere has forecast a 25% growth in business and a 50% increase in advisers in the coming year as it looks to become the British equivalent of Bank of America Merrill Lynch.
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Dull US stocks set to shine Hermes
Low quality stocks have led the recovery in the US so far, with QE contributing to excess liquidity, however higher quality although perhaps “unglamorous stocks” will see a resurgence according to Hermes’ Mark Sherlock.
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ARIA launches FATCA-friendly portfolio strategy
The ARIA Investment Platform has launched a range of portfolio strategies on its investment platform aimed at US Investors caught by increasingly tough legislation.
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Coram names UCITS range
Coram Asset Management has finalised the details of its three flagship funds as the firm kicks off its 2015 expansion drive
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Morgan Stanley adviser fired over stolen client
Morgan Stanley has fired one of its New York-based financial advisers after data from 900 of its clients was stolen and leaked on the internet.