Alternatives | 27 Oct 16
The case for investing in fine wine and classic cars
With investors facing increasingly poor returns from traditional investments, the case for putting your money in alternative investments such as wine, classic cars, stamps and whisky is getting stronger, says Adam Benskin, executive director at international IFA firm Strabens Hall.
Deutsche Bank profits surprise, litigation continues to weigh
Deutsche Bank posted a net profit of €278m (£249m, $303m) for the third quarter, beating analyst expectations and keeping the wolves at bay, for now.
People Moves | 27 Oct 16
PEOPLE MOVES: WHIreland, KBI Global Investors, Miton
WHIreland hires a new wealth planner for its north of England division as KBI names a new senior VP of business development. Miton poaches British Steel’s pension fund manager while a former Punter Southall employees returns to the firm.
Australian banks fined $136m over advice failures
Australia’s financial services regulator has told the country’s ‘Big Four’ and leading wealth manager AMP to repay at least A$178m (£111m, €125m, $136m) to more than 200,000 customers after charging them for financial advice they did not receive.
North America | 26 Oct 16
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.