Providing financial planning services takes time. A lot of time. In fact, according to a recent Kitces Research study, the average advisory firm spends 10 hours just constructing a financial plan, and more than 30 hours across the firm servicing a client throughout the first year to gather data, analyze and produce a financial plan, […]
Archives for 2022
Bundling Financial Planning To Recurring Advice Fees For Long-Term Profitability
Providing financial planning services takes time. A lot of time. In fact, according to a recent Kitces Research study, the average advisory firm spends 10 hours just constructing a financial plan, and more than 30 hours across the firm servicing a client throughout the first year to gather data, analyze and produce a financial plan, […]
Succession Wealth acquires £1.4bn Financial Planning firm
Acquisitive wealth manager and Financial Planner Succession Wealth has acquired Pannells Financial Planning, for an undisclosed sum. Pannells currently manages over £1.4bn in client assets. The Financial Planning firm was founded in 1989 and has seven offices in England and Scotland. The acquisition is subject to regulatory approval. The deal takes Succession Wealth’s private client […]
PFS to focus on intergenerational wealth transfer in 2022
The Personal Finance Society (PFS) is to focus on the challenges posed by intergenerational wealth transfer as it returns to a full programme of face-to-face events in 2022. The PFS said it will also “explore and evolve” its training programmes to consider who best to promote the value of financial advice to a changing demographic. […]
Pensions consolidation on the rise
A third of Financial Planners have reported an increase in demand for pension consolidation advice over the past year, according to a new report. Two thirds (63%) of advisers said consolidation would be one of the main drivers for growth in the SIPP market for the next five years. The same number of advisers that […]
LPL, Raymond James, RBC, plus a financial advice celebrity podcast and California’s retirement mandate
Weekend Reading for Financial Planners (Jan 15-16)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that 2021 ended with inflation hitting 7% – its highest annual rate since 1982 – which makes it more likely that the Federal Reserve could raise interest rates in early 2022 (and potentially more than once […]
Editor’s Column: Shorter lifespans require pension re-think
It’s been an accepted wisdom over the past few decades that we are all living longer, at least as a nation. That’s now being tested. There are several factors causing a slowdown in the long term trend of longer lifespans and Coronavirus is just one of them. Obesity, substance abuse, poorer lifestyles, long waits for medical […]
Editor’s Column: Shorter lifespans require pension re-think
It’s been an accepted wisdom over the past few decades that we are all living longer, at least as a nation. That’s now being tested. There are several factors causing a slowdown in the long term trend of longer lifespans and Coronavirus is just one of them. Obesity, substance abuse, poorer lifestyles, long waits for medical […]
What Is Blockchain? All About the New Rage of the Digital Age
The world has drastically changed in the time since the invention of computers. With the rise of the internet, working from home, and digital currency, other technologies have come into play. One of those technologies is the blockchain. What is blockchain, and how can it impact your business? What is the blockchain? Computer databases are […]