Investment fraud offences rose by 42% in the year to September 2021, according to the latest figures from Action Fraud. There were 22,372 offences reported in the year. There were a total of 5.1m fraud offences overall in the year to September, a rise of 36% from two years earlier, according to crime figures from […]
Archives for 2022
How to Calculate Current Assets in Accounting
When it comes to your business, keeping up with your finances is a must. And to know where you stand financially, understand how to calculate certain figures, like current assets. Get the scoop on how to calculate current assets for your business and how to use them to evaluate your company’s finances. What are current […]
British Steel-linked Planner declared in default
Channel One Financial Planning, one of the firms associated with claims linked to the British Steel Pension Scheme (BSPS), has been declared in default by the Financial Services Compensation Scheme. The move opens the door for claims against the failed firm which has gone into liquidation. Leeds-based Channel One Financial Planning also traded as Channel […]
Kitces & Carl Ep 78: Communicating Hard News To Clients (When You Plan To Relocate The Business)
When financial advisors are faced with the decision to relocate their firm to another state, there is often an immediate tendency for the advisor to worry about losing clients who signed on with the expectation of being able to meet with the advisor in person throughout the engagement. But in today’s environment, with the availability […]
Fintel back in the black as sales of non-core arms complete
Fintech and support services firm Fintel has returned to a positive net cash position with the proceeds of its sales of non-core arms completed in 2021. The firm reported a net debt of £19.4m in 2020. The fintech’s net cash position for the year ended 31 December was £2.5m, according to a trading update released […]
Fintel back in the black as sales of non-core arms complete
Fintech and support services firm Fintel has returned to a positive net cash position with the proceeds of its sales of non-core arms completed in 2021. The firm reported a net debt of £19.4m in 2020. The fintech’s net cash position for the year ended 31 December was £2.5m, according to a trading update released […]
UBS acquires robo-adviser Wealthfront for $1.4bn
UBS is to purchase robo-adviser Wealthfront for $1.4bn to accelerate its growth ambitions in the US. UBS said the deal with expand its distribution and capabilities. The deal is on an all-cash basis and is expected to complete in the second half of the year. It is subject to regulatory approval. Wealthfront has over $27bn […]
Verso Wealth Management acquires Chartered Planning firm
Digital wealth manager Verso Wealth Management has acquired Chartered Financial Planning firm Pavis Financial Management. Pavis brings £280m of assets under advice. The deal was funded by Verso’s partnership with private equity firm Cairngorm Capital. Pavis is a Chartered Financial Planning firm based in Liverpool, serving clients across the UK. It specializes in holistic Financial […]
