North America
‘Accidental Americans’ putting Asia’s wealth transfer at risk
Accidental Americans face ruin if their estates are not properly structured, a lawyer has warned.
Amazon moves into healthcare with Buffett and JP Morgan
Amazon has announced plans to partner with Warren Buffett’s Berkshire Hathaway and JP Morgan to launch an independent company that will offer low-cost healthcare to the employees of all three companies, a move that has halted the January healthcare bull run on Wall Street.
Best Practice | 24 Jan 18
Advisers must be aware of the complexities US clients face
American citizens living outside the US often have their financial lives made more complex by local advisers who do not appreciate their need for joined up advice to avoid negative tax treatment by US or local authorities.
PEOPLE MOVES: Globaleye, Carrick, Fidelity
Globaleye’s head of business development resigns, Carrick appoints a strategic projects director to its board and Fidelity hires an ex-Pioneer man in the newly created role of global head of product.
US asset manager acquires Dutch ETF firm
Global asset manager VanEck is to acquire Netherlands-based Think ETF Asset Management, more than trebling the number of Ucits ETFs the New York firm has available in Europe from six to 20.