Wealth manager and Financial Planner Tilney Smith & Williamson – soon to rebrand – said Assets Under Management fell by £1.9bn in the first quarter of this year, “reflecting more challenging recent market conditions.” Despite the fall Tilney said the business, due to be rebranded as Evelyn Partners this summer, performed well in Q1 against […]
Archives for 2022
Brown Shipley owner hires new group CEO as Stott exits
Quintet Private Bank, the owner of Financial Planner and wealth manager Brown Shipley, has appointed experienced HSBC executive Chris Allen to be its new group CEO. He will replace Jakob Stott who has decided to step down and will leave the firm following a brief transition. Mr Allen has 30 years of experience in financial […]
Kingswood buys Lincolnshire IFA for £421,000
Fast growing Financial Planning and wealth management firm Kingswood is to acquire Lincolnshire IFA Vincent & Co for up to £421,000. Kingswood will pay up to £421,000 over a two-year period with £211,000 paid on completion of the deal and the balance on a deferred basis. The deal is Kingswood’s fifth acquisition this year. Privately-owned Vincent […]
Mattioli wealth arm acquires £80m Financial Planner
Ludlow Wealth Management, a subsidiary of wealth manager and SIPP provider Mattioli Woods, has acquired £80m AUM Glasgow Financial Planner Ferguson Financial Management in a deal worth up to £1.2m. Ludlow is also planning further acquisitions. Ludlow will pay an initial sum of £0.6 million for Ferguson and a potential further sum of up to £0.6 […]
Evaluating Retirement Spending Risk: Monte Carlo Vs Historical Simulations
Financial advisors often rely on software that uses Monte Carlo simulations to incorporate uncertainty into their retirement income analysis for clients. While Monte Carlo analysis can be a useful tool to examine multiple iterations of potential market returns to forecast how often a given plan may be expected to provide sufficient income for the client […]
Arbitrator rejects union appeal for FCA recognition
The Central Arbitration Committee has rejected an application from union Unite to be recognised as the union for Financial Conduct Authority employees. Recognition would have given the union the authority to conduct collective bargaining on behalf of FCA staff. The CAC rejected Unite’s request on the basis that only 15% of FCA staff were in […]
9 in 10 SIPP millionaires are male
Nine in 10 SIPP millionaires investing with Hargreaves Lansdown are men, underlining the gender pension gap, according to new research. The median age for SIPP millionaires is 62, according to Hargreaves Lansdown which analysed its data from its 3,166 SIPP millionaires. When asked how they got to the million pound point with their SIPP, the most popular […]
Don’t call it a comeback: Joel Bruckenstein looking to create FOMO in 2023 after biggest T3 ever
Debits and Credits 101: Definitions & Example
In accounting, there’s one thing you can’t ignore: how debits and credits work. To keep accurate books, you need to learn and understand the difference between a credit vs. debit. Otherwise, your books will wind up unbalanced and sloppy (and no business owner wants that!). To get to know debits and credits in accounting like […]
Govt given green light to revoke EU financial regulations
The Government has been given the go ahead to revoke EU financial services regulations and replace them with new UK rules, following inclusion of a planned bill in today’s Queen’s Speech. A new Financial Services and Markets Bill will be introduced this year. Prince Charles, giving the speech to Parliament on behalf of the Queen […]