As many financial services firms are looking for deeper inroads into digital wealth management, one fund provider is looking to sell. The ETF giant WisdomTree has decided to sell its interest in advisor technology provider AdvisorEngine, according to its latest quarterly earnings report. Founded in 2014, AdvisorEngine offers an integrated client relationship management system and […]
Archives for 2020
Woodford fund set to re-open on 13 February
The LF Woodford Income Focus Fund is to re-open on 13 February under the Aberdeen Standard Investments brand. Link Asset Services, the company handling fund administration after the Woodford debacle, has written to investors about the re-opening of the fund, now called the LF ASI Income Focus Fund. The fund is a sub-fund of LF […]
Ola plans to launch operations in London
Homegrown ride-hailing app Ola plans to launch operations in London on 10th February, a key market for the firm outside India. In July last year, Ola was granted a one-year Private Hire Vehicle (PHV) license from the Transport of London, the government body that oversees the cities’ transportation, to operate its services in the city, […]
Tax experts warn of HMRC Marriage Allowance error
The Chartered Institute of Taxation has warned that a HMRC glitch could mean Marriage Allowance claims have been wrongly calculated. The error means some taxpayers may have overpaid tax. The body says HMRC has confirmed that a glitch in the self assessment system omitted Marriage Allowance claims from people’s Self Assessment tax calculations. This has […]
Tesla stock is wrapping up its best month since 2013, adding $40 billion in value in January
Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images The last time Tesla shareholders had a month like this, the electric vehicle maker was delivering fewer than 5,000 cars a quarter. Now, the number is […]
Editor’s Comment: The St James’s Place juggernaut
The mighty St James’s Place juggernaut seems to defy negative forces as the number of advisers working for it grows and grows. Despite plenty of negative publicity in recent months and questions about staff incentives and high charges, the SJP model grows like topsy. The latest quarterly figures show it added more than 300 new […]
Amazon to invest $1 billion to digitise MSMes in India
Amazon has reiterated its pledge to invest $1 billion to digitise 10 million traders and micro, medium and small enterprises (MSMEs) in India. The US-based ecommerce behemoth said the investment will enable $10 billion in cumulative exports from the country by 2025, a goal announced by CEO Jeff Bezos during his visit to India earlier […]
Investment Risks and How to deal with them
With popularity of Mutual Funds you must have heard “Mutual fund investments are subject to market risks. Please read the offer document carefully before investing“. But are only mutual fund investments have risk and other investments are risk-free? In fact you might not realize but what you consider as “Safest” also carries some risk. This post tells you […]
Investment Risks and How to deal with them
With popularity of Mutual Funds you must have heard “Mutual fund investments are subject to market risks. Please read the offer document carefully before investing“. But are only mutual fund investments have risk and other investments are risk-free? In fact you might not realize but what you consider as “Safest” also carries some risk. This post tells you […]
Asia’s U.S. oil imports to rebound in May after freight rates drop -sources
SINGAPORE (Reuters) – Asia’s crude oil imports from the United States are set to rebound in May after freight rates for ships to carry U.S. crude to north Asia fell by 27% from a week earlier, trade and shipping sources said on Friday. A rise in Asia’s oil imports from the United States could displace […]