Executive Summary Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the industry news that the CFP Board is proposing updates to its disciplinary Sanction Guidelines and Procedural Rules, which would make the Failure To Report a disciplinary violation to the CFP Board result in a public censure (not […]
Archives for 2021
Government denies Bezos’ protest that NASA wrongly awarded lunar lander contract to only Musk’s SpaceX
Jeff Bezos, owner of Blue Origin, introduces a new lunar landing module called Blue Moon during an event at the Washington Convention Center, May 9, 2019 in Washington, DC. Mark Wilson | Getty Images The U.S. Government Accountability Office on Friday denied protests from companies affiliated with Jeff Bezos that NASA wrongly awarded a lucrative […]
Ric Edelman’s excellent crypto adventure
He built the biggest independent advisory firm in the nation, selling wealth management advice through fiduciary planners and making deals to oversee the most retirement plans in the country. Now Ric Edelman, who calls himself “the most highly acclaimed financial advisor” in America, wants to be the face of cryptocurrencies for Main Street and affluent […]
Deutsche Bank struggles with slew of departures in U.S. wealth
Deutsche Bank has lost a string of U.S.-based wealth management executives over the past year as CEO Christian Sewing struggles to expand in the lucrative business of managing rich people’s money while keeping a lid on expenses. At least 10 senior bankers and numerous junior employees across the world’s largest wealth management market have left, […]
LPL’s acquisition and recruiting supercharge firm’s growth
The nation’s largest independent broker-dealer is getting bigger at four times the rate it was only three years ago, with record metrics to match. After its acquisition of Waddell & Reed and onboarding of the wealth management programs of M&T Bank and BMO Harris, LPL Financial’s net new asset growth rate has surged to 12% […]
Josh Is the Third Wheel
Welcome to the ninth episode of The Compound & Friends, a new podcast from your favorite financial and investing commentators. This week, Michael Batnick, Ben Carlson, and Downtown Josh Brown discuss: ►Robinhood IPO ►FAANMG earnings roundup ►Liquid Alternatives & ETFs discussion ►JPMorgan unlocks crypto for financial advisors ►How cheap should Europe be? ►Why should I […]
Accounting For The Future: Why CFOs Need Predictive Powers – Forbes
Finance officers must anticipate future needs. getty “In the next five years, game-changing technologies will transform every business process, including how we sell, market, communicate, collaborate, educate, train and innovate.” This statement by Daniel Burrus, futurist, business strategist and author of The Anticipatory Organization: Turn Disruption and Change Into Opportunity and Advantage, may startle some, […]
Planners expect remote working to continue
The majority of Financial Planners expect some degree of remote working to continue over the next 12 months, according to our annual survey. Technology has been a saviour for many Financial Planning and Paraplanning firms and it’s clear from responses to our survey that remote working is here to stay – although its use may […]
Financial Planners return to client meetings
Over two thirds (68%) of Financial Planners have resumed fact to face meetings with clients, according to a new survey. Two thirds (66%) of Financial Planners have returned to the office, according to the survey commissioned by insurance provider Zurich. An additional 20% of Financial Planners said they are planning on meeting clients face to […]
Jupiter AUM hits record high despite rise in outflows
Assets under management for fund manager Jupiter Fund Management hit a record £60.3m, despite an increase in net outflows to £2.3bn (H1 2020: £2bn outflows). The outflows were overpowered by the strong gross inflows of £9.6bn. Underlying profit before tax increased 38% to £78.2bn (H1 2020: £56.6m). This represents underlying earnings per share of 11.5p […]