Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that a recent study by Cerulli Associates and Osaic found that at a time when consumers are increasingly seeking comprehensive planning relationships with their financial advisors, many advisors appear to be overestimating the comprehensiveness of the […]
Archives for 2024
Ameriprise: LPL poached private data on 4,500 former clients
An LPL vice president testified that 30 former Ameriprise advisors imported client information for accounts with more than $1 billion under management and $16 million in yearly revenue generation.
Fund manager enters liquidation after FCA intervention
MCI Global Investments Advisors Limited, which manages the Novus Black alternative investment fund, has entered Creditors’ Voluntary Liquidation.
74% of over-55s have never switched adviser
Some 62% of advised clients have never switched financial adviser, according to a major survey by wealth manager St James’s Place.
Titan Wealth buys £7.9bn AUM Channel Islands firm
Titan Wealth has signed a deal to acquire £7.9bn AUM Channel Islands wealth manager Ravenscroft Investments Limited.
Quantifying (More Accurately) The Real Impact Of A Financial Advisor’s Costs On Their Clients’ Nest Eggs
While the financial advice industry has transformed in many ways over the past several decades, one aspect that has remained relatively constant is the use of the Assets Under Management (AUM) fee model as a common way for many advisors to get paid. Though in practice, while a 1% AUM fee is a common ‘starting […]
Fidelity adds pair of sustainable active fixed income ETFs
Fidelity has launched two new fixed income active exchange-traded funds (ETFs) to its sustainable active ETF range.
Hightower deal tops $1.8T in assets with stake in investment consultant
The Chicago-based RIA giant is taking majority ownership in NEPC, a firm offering institutional research and new investing opportunities.
IMF upgrades UK growth forecast
There was good news for the government today ahead of next week’s Budget after the International Monetary Fund upgraded its UK GDP forecast for 2024 to 1.1%, up from 0.7% in July.
#FASuccess Ep 408: Merging Into A Mid-Sized Firm To Grow Something Together (And Have A Real Piece Of It), With Maddi Keegan
Welcome everyone! Welcome to the 408th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Maddi Keegan. Maddi is a Financial Advisor and the Director of Operations of Frazier Financial Advisors, an RIA based in Columbus, Ohio that oversees $860M in assets under management for 650 client households. What’s unique about Maddi, […]