Wealth manager Raymond James has completed its £280m takeover of rival Charles Stanley. The listing of Charles Stanley shares on the London Stock Exchange was suspended on Friday. The acquisition, one of the largest in the wealth management sector, was announced in July with Raymond James agreeing to acquire the entire issued share capital of […]
Archives for 2022
Just 4 in 10 on track for retirement
Just four in ten retirement savers are on track to achieve the moderate level of income highlighted by the PLSA retirement income standards, according to a new report. Generation Z are least likely to be on track with their savings with only 17.7% on track to hit this target. Generation X are the best prepared […]
How the mindset of a D-1 football athlete translates into the business world
Credit Suisse Securities ordered to pay $9M for conflict of interest, customer protection violations
Weekend Reading for Financial Planners (Jan 22-23)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that subscription-based advisory firm Facet Wealth has raised $100 million from venture capital firms in a Series C funding round. At a time when private equity firms are buying up AUM-based RIAs for their current income […]
Editor’s Column: Spotting the invisible clients
There has been much talk lately about how Financial Planners can spot and work with vulnerable clients. This is, as one report found this week, easier said than done. Vulnerable clients might as well be invisible clients for a variety of reasons. Sometimes they choose to be invisible, other times they are just treated as […]
Morgan Stanley data show how retail meme fixation became a curse
HMRC cuts bogus phone calls by scammers by 97%
Reports of scammers impersonating HMRC in spoof phone calls have fallen by 97% over the past 12 months after a major crackdown by HMRC. HMRC says increased efforts to tackle the fraudsters, better publicity on the dangers and ‘innovative technologies’ have all help cut down the menace. Reports of scammers impersonating HMRC in phone calls […]
IWP hires new CEO as founder moves to new role
Rapidly expanding Financial Planner and wealth manager Independent Wealth Planners has appointed Rob Allen as its new group CEO to succeed founder David Inglesfield who is stepping down from the role. Mr Inglesfield will move to become chair of the company’s group acquisitions business IWP Investments as the company seeks further takeovers. Separately, James Hunter […]
MPs attack ‘shambolic’ pensions underpayment
MPs on the Public Accounts Committee have attacked the “shameful shambles” which led to an estimated 134,000 pensions, mostly women, being underpaid over £1bn in State Pension entitlement. Department for Work & Pensions figures suggests some of the errors may date back as 1985. The Public Accounts Committee has published a report today roundly criticising […]