As the financial advice industry continues to move toward providing full-blown professional services rather than focusing primarily on product sales, advisory (advicery?) firms are increasingly experiencing similar stages of growth in their practices. From the initial stage of onboarding their first clients to the point of hitting a capacity wall and deciding whether to increase […]
Archives for 2024
Exploring the complexities of accounts management and financial reporting
Guest Post by Imed Bouchrika, Computer Science professor from the University of Southampton, UK. Imagine starting your own business and having your own products or services, marketing strategy, and sales team in place. You think everything is good to go. Unfortunately, there’s something very essential you might have missed: an accounts management and financial reporting […]
15 cities where financial advisors boosted their incomes the most
Data crunched by SmartAsset suggests some areas enjoyed the largest increases in median annual compensation. The No. 1 metro area saw a 101% hike in pay.
It’s a wrap! Day one at Xerocon London
After my first Xerocon as CEO at Sydney last year, the bar was set high for this year’s event here in London. And wow! Day one has knocked it out of the park. We kicked off with an incredible performance from Harry Yeff, also known as Reeps One, who uses AI to create unbelievable sounds […]
When Are Advisors (Financially) Liable For Negligent Investment Advice? (And Who Pays For It)
Financial advisors, as professionals whose clients rely on their advice to make financial decisions, are legally and financially responsible for the advice that they give. For example, if an advisor recommends an investment that prioritizes the commission they would receive rather than any benefit the client would derive from it, they could incur fines and […]
LGIM CEO exits as asset management arms merge
Michelle Scrimgeour, chief executive of Legal and General Investment Management (LGIM), is to step down as the firm merges its asset management divisions. LGIM is to merge with Legal and General Capital into one asset management division as part of a strategic overhaul for Legal & General. Ms Scrimgeour will remain as CEO until her […]
Overseeing the books: “I was pretending to do it myself”
When Rosemary McLaughlin decided to become a business owner by opening a massage studio franchise, it was less a career change than the next step in a career evolution. With nearly two decades of experience in healthcare, and having recently earned her MBA from Babson College, McLaughlin was armed with the tools to make an […]
Get ready for a minimum wage increase
The decision is now final: the Fair Work Commission (FWC) has just announced an official boost to the national minimum wage for 2024. This will affect every employer in Australia who pays their staff the minimum wage. In fact, according to Fair Work, “Approximately 20.7 per cent of the Australian workforce, or about 2.6 million […]
Tax-planning certification rolling out as wealth and tax divide narrows
Jeffrey Levine and The American College of Financial Services hope to help more financial advisors branch into the related but historically separate field.
US pension giant Mercer acquires UK’s Cardano
Giant US asset manager and pension consultancy Mercer has agreed to acquire UK pensions risk and investment management firm Cardano Group, for an undisclosed sum. Terms of the transaction, which is expected to close late this year subject to regulatory approvals, were not revealed. Founded in 2000, Cardano is a long-term savings specialist in the […]