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Merrill Lynch Snags $1.2B Team from Morgan Stanley in Virginia
Bank of America’s Merrill Lynch has added several advisors from rivals, representing a combined $1.8 billion in client assets. The largest win is The Aliaskari Group, which joins Merrill Private Wealth Management in McLean, Va., bringing about $1.2 billion in client assets from Morgan Stanley Private Wealth Management. The group includes founding partner Mehrak Aliaskari,…
Harworth unveils £7.4m cost-saving plan amid Peel takeover offer
Harworth is targeting at least £7.4m in annualised cost savings as it seeks to strengthen its standalone strategy, while Peel continues to argue that its cash offer provides greater certainty for shareholders. CRE Herald Market analysis, deal insights, and sector research trusted by fund managers, asset managers, and senior executives. Subscribe…
Can NRIs invest in PPF? What rules say for people who have moved abroad | Personal Finance
The Public Provident Fund (PPF) is a popular long-term savings scheme because of its government backing, guaranteed returns and tax benefits. The scheme offers an interest rate of 7.1 per cent and follows the Exempt-Exempt-Exempt tax treatment, making both the interest earned and maturity amount tax-free in India. However, many Indians who…
Avison Young Had Assets Frozen By Bank Over Unpaid Taxes
Avison Young’s cash flow issues are catching up to its UK companies. Photo credit: Wikimedia Commons/Raysonho The brokerage and advisory firm persuaded a judge on Thursday to unfreeze its UK accounts, which NatWest Group had locked after Avison Young failed to pay taxes, Bloomberg reported. The bank froze the accounts in response to a winding-up petition — which…
Your mutual fund portfolio can become riskier while you do nothing, here’s what investors should track
Investors often assume that a mutual fund portfolio remains broadly unchanged as long as they continue holding the same schemes. But the risk of that portfolio can change significantly even when there are no fresh investments, withdrawals or switches. Market movements can alter the balance between equity and debt, increase exposure to mid- and small-cap…
Mezzanine funder launches development arm with £40m scheme
Iron Bridge Finance, a mezzanine and equity funder established in 2014, has launched a property development division with construction underway on a 44-home scheme in Islington with a gross development value of £40m. The development vehicle, Iron Bridge London, has begun work on Frederick’s Row at 8 Frederick’s Row, EC1V, located between Angel and Islington….
