As of February 1, 2022, financial advisors who give advice to clients about whether to roll over 401(k) plan assets into an IRA are subject to a new set of regulations from the U.S. Department of Labor (DOL). Specifically, advisors who would receive increased compensation as a result of recommending a rollover (such as a […]
Archives for 2022
Complying With PTE 2020-02 Under DoL’s New IRA Rollover Requirements
As of February 1, 2022, financial advisors who give advice to clients about whether to roll over 401(k) plan assets into an IRA are subject to a new set of regulations from the U.S. Department of Labor (DOL). Specifically, advisors who would receive increased compensation as a result of recommending a rollover (such as a […]
Law firms join forces for Woodford group claim
Law firms Leigh Day and Harcus Parker have joined forces to submit a joint claim against Link Fund Solutions over its handling of the collapsed Woodford Equity Income Fund. Both law firms had previously begun separate court proceedings against Link. The law firms submitted an application for a Group Litigation Order against authorised corporate director […]
Kingswood completes acquisition of Lincolnshire IFA
Fast growing Financial Planning and wealth management firm Kingswood has completed its £421,000 acquisition of Lincolnshire-based IFA Vincent & Co. The acquisition was first announced in May. The deal has received regulatory approval and been completed. Kingswood paid £211,000 on completion, with the balance to be paid on a deferred basis. Kingswood currently has a […]
How Can Your Product-based Business Respond to Shifts in Consumer Spending (2022)?
Target’s slashing prices on inventory like appliances and televisions. Marriott’s hotel room demand for leisure travel is up 10% compared to 2019 bookings. What does this mean for consumer spending in 2022? It means that a great shift in consumer spending 2022—from goods to services—might be here. For product-based businesses, this change could lead to […]
Cerity and Snowden Lane deals signal continuing flow in volatile times
Twenty7Tec enters wealth market with Finplan acquisition
Tech firm Twenty7Tec has acquired Bluecoat Software, the owner of wealth and mortgage CRM solution FinPlan, for an undisclosed sum. FinPlan’s back office software is used by over 300 advisory firms. As part of the deal Mark Skelding, founder of Bluecoat Software will join Twenty7Tec’s board as a non-executive director. FinPlan will be integrated with […]
Twenty7Tec enters wealth market with Finplan acquisition
Tech firm Twenty7Tec has acquired Bluecoat Software, the owner of wealth and mortgage CRM solution FinPlan, for an undisclosed sum. FinPlan’s back office software is used by over 300 advisory firms. As part of the deal Mark Skelding, founder of Bluecoat Software will join Twenty7Tec’s board as a non-executive director. FinPlan will be integrated with […]
Twenty7Tec enters wealth market with Finplan acquisition
Tech firm Twenty7Tec has acquired Bluecoat Software, the owner of wealth and mortgage CRM solution FinPlan, for an undisclosed sum. FinPlan’s back office software is used by over 300 advisory firms. As part of the deal Mark Skelding, founder of Bluecoat Software will join Twenty7Tec’s board as a non-executive director. FinPlan will be integrated with […]
#FA Success Ep 285: Fast-Tracking Growth As A Career Changer With A High-Touch Service To Your Prior Profession, With Ryan Townsley
Welcome back to the 285th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Ryan Townsley. Ryan is the founder of Town Capital, an independent RIA based in Bel Air, Maryland, that oversees nearly $50 million in AUM for 65 client households. What’s unique about Ryan, though, is how he spent […]