Tax & Regulation
Morgan Stanley fined $35m for client data failures in US
Personal information of 15 million wealth customers was allegedly not disposed of properly
Regulation to force ‘wave of M&A activity’ in Middle East wealth market
While advisers in the region turn to DFMs to streamline investment offering
Wealth tax scrapped in Spanish region of Andalucia
‘Shrewd move’ will encourage more HNWs to flock to territory
AMP subsidiaries fined A$14.5m over fees for no service
Over 1,400 clients were charged for financial advice they didn’t receive
How to serve US clients abroad
Some firms find them ‘too costly and complex’ to have as customers