Building on the existing regulatory infrastructure for overseeing Americas financial advisers would be better than introducing new legislation of the kind introduced this week by House Finance Services Committee chairman Spencer Bachus and Rep Carolyn McCarthy, a group claiming to represent nearly 75,000 US financial planners said.
US lawmakers have introduced new legislation aimed at boosting the standards of advice on offer from Americas advisory industry, following in the footsteps of the UK, Australia and Singapore.
Syz & Co is to make a new US equity strategy available to European investors, managed by Kansas-based Scount Investments.
Bowing to pressure from foreign governments, financial institutions and expatriate Americans around the world, the US is seen to be planning to make significant changes to its unpopular FATCA reporting requirements, which are due to take effect in 2013.
BlackRock is putting plans in place to launch an absolute return Sicav based on securities in the US, Canada and Latin America.
A survey of mostly American single-family offices has found that more than 80% are now offering their clients professional help in seeing that they and their families are safe.
RBC Wealth Management has appointed two US-based directors, to cover the north-east and west coast regions of the country.
Threadneedle has launched a US Contrarian Equities fund that will be managed by Columbia Management.
A fresh effort is under way in Washington to boost Americas tax coffers by targeting offshore money
The IRS yesterday issued fresh guidance on how foreign financial institutions must comply with FATCA
The US tax authorities have extended the deadline for a tax amnesty scheme by nine days.
The IRS has added to the information it requires from Americans with offshore bank accounts.
