News
Best Practice | news 29 Jun 17
Regulation set to ‘transform’ int’l advice, says Old Mutual
Shifting client expectations and regulatory change is set to transform the overseas financial advice market, according to the latest research by Old Mutual International.
Former adviser jailed for 4 years for defrauding ex-Spurs star
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.
Investment | news 29 Jun 17
Nucleus slashes platform fee for wealthy clients
Nucleus is set to slash costs for high-value clients on its platform to meet demands for a “more competitive structure” for large portfolios.
Naming and shaming better than fines says Singapore regulator
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.
Investment | news 29 Jun 17
DeVere Group ventures into model portfolios with Pacific AM
International advisory firm deVere Group has launched a model portfolio service (MPS) in association with Pacific Asset Management.