A former financial adviser has been sentenced to four years in prison after being found guilty of a multi-million dollar fraud case involving retired San Antonio Spurs basketball player Tim Duncan.
Nucleus is set to slash costs for high-value clients on its platform to meet demands for a “more competitive structure” for large portfolios.
Singapore’s decision not to impose the same hefty fines on banks linked to 1MDB as other countries, but to instead name and punish individuals responsible, is a strong deterrent, said Ravi Menon, managing director of the city-state’s financial regulator.
International advisory firm deVere Group has launched a model portfolio service (MPS) in association with Pacific Asset Management.
A UK IFA firm which specialises in advising Britons moving overseas has been ordered to compensate a client over “unsuitable” pension transfer advice.
Hong Kong has the most number of ultra-high net worth (UHNW) individuals in Asia and globally it ranks second, according to the Wealth-X 2017 ultra wealth report.
The UK’s Financial Ombudsman Service (FOS) has rejected a complaint against Hargreaves Lansdown after a client accused the platform provider of unnecessarily delaying a transfer of his pension into a Qrops.
Investors could see fund costs soar by £27.7m a year as asset managers pass on the expensive burden of satisfying new FCA regulations.
When investors decide to buy a fund that charges higher-than-average fees, they presumably do so because they expect the manager to compensate for this by delivering outperformance.
UK trade association Libertatem has joined the European Federation of Financial Intermediaries and Financial Advisers (Fecif).
Jorge Mendes, a sports agent whose clients include Christiano Ronaldo and Fabio Coentrao, has denied helping footballers evade tax illegally by creating shell companies.
A Shanghai-based financial adviser has heavily criticised the Isle of Man Financial Services Authority (IoMFSA) over how it has handled the fallout of the Quadris Environmental Forestry Fund, which invested in Brazilian teak plantations.
