Credit Suisse sets up wealth mgmt firm in Channel Islands
With Credit Suisse ending direct client coverage out of the Channel Islands, the Swiss bank has set up a wealth management firm with local financial service provider Stenham Group, that will act as an external asset manager (EAM) for the bank regionally and elsewhere.
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.”
Best Practice | 18 Oct 16
International Adviser Best Practice Adviser Awards 2016 results – South Africa
The fourth set of winners to be revealed in International Adviser’s Best Practice Adviser Awards 2016 series for the South African region were announced on Tuesday afternoon at the Vineyard, Cape Town after the Future Advisory Forum Cape Town.
BlackRock sees US RDR-style rules impacting investment flows
The US Department of Labor’s planned RDR-style rule change on providing investment advice for retirement planning, will have a major impact on investment flows, fund management giant BlackRock said in its quarterly results statement on Tuesday.
Best Practice | 18 Oct 16
Australia plans new adviser standards watchdog
The Australian Government will introduce legislation this year to set up a new independent standards body to oversee the country’s 22,500 financial advisers, enforce uniform educational standards and police an official code of ethics.
