Anyone who knows how IFAs love to churn portfolios will not be surprised to learn that one in two IFAs agreed with JP Morgan Fleming Asset Management (JPMFAM) when the fund manager advised them to tell their clients to adopt
Independent financial advisors (IFAs) who already control 44 per cent of retail sourced assets in Britain's 230 billion authorized fund marketplace will see their marketshare rise above 50 per cent by 2006, according to fund consultants Cerulli Associates. This will
It is not just the investment services industry which is suffering from falling stock markets. The number of millionaires in the United States is also shrinking, says a new study from NFO WorldGroup, a marketing information company based in Greenwich,
Fewer than one in five IFAs in the United Kingdom have even heard of "wrap services," despite the fact that a number of leading providers intend to introduce such products in the next 12 18 months, according to Datamonitor research
Misys, which operates IFA networks in the UK, has launched an IFA desktop software application called mi solution. It is being pilot tested by a group of 95 network members and 25 fund administrators. Another 1,000 IFAs within the Countrywide,
Individuals approaching retirement should shop around and take full advantage of their rights to seek out the best annuity deals on offer, says the Association of Chartered Certified Accountants (ACCA). Under the Open Market Option (OMO) imposed by the Financial
Despite the decline of the main securities markets, the brokerage business owned by BNP Paribas, Cortal, posted a pre tax profit of 3.8 million euros for the first half of 2002, compared with a 3 million euro loss for the
According to the Nihon Keizai Shimbun, the Tokyo Stock Exchange (TSE) revealed on 13th August that six ETFs failing to meet the listing requirements in terms of the number of investors, would be on probation, meaning that if the failure
A new clearing system for domestic mutual funds in China, the China Securities Depository & Clearing Corporation (SD&C), is being launched today according to a report in Finance Asia. Brokers can use the system to sell registered funds to any
Commerzbank has decided not to sell Jupiter after all, having failed to attract a price it regarded as acceptable. Commerzbank , which will now have to keep the fund manager for the foreseeable future, has its work cut out to