County Durham-based firm D&G Financial Services Ltd (FRN: 208521) has been declared in default by the Financial Services Compensation Scheme. The compensation body has so far received two claims against the firm relating to pension advice and British Steel Pension Scheme transfers. So far one claim has been upheld, triggering the FSCS default process. The […]
Archives for 2024
Using ‘Magic Wand’ Questions To Help Clients Articulate Financial Needs And Goals (That They Otherwise Struggle To Express)
In initial discovery meetings, financial advisors face the challenge of eliciting specific goals from new clients – a crucial step for crafting a comprehensive financial plan. Asking direct queries may elicit vague responses like “I want to be on track for retirement”, which tends to lack the detail needed to plan effectively and spark the […]
Accountants after dark: Evening work is common, research finds
More than one-third of month-end closing tasks were completed after 7 p.m., according to a software company’s review of its users’ habits.
A hybrid RIA, $2M in cannabis fund losses and a search for responsibility
In a case with industry-wide implications, PKS Investments argues that a Utah couple cannot pursue damages against the brokerage through FINRA arbitration.
National Association of Realtors president says she is resigning after blackmail threat
The National Association of Realtors has seen two presidents quit in less than six months and its CEO step down on the heels of a bombshell civil judgment.
IRS to begin accepting and processing 2023 tax returns on Jan. 29
IRS commissioner Danny Werfel promised “marked improvement” for the upcoming tax season, when almost 129 million individual tax returns are expected to be filed.
#FA Success Ep 367: When Being In Business With Your Spouse Doesn’t Work Out And You Have To Start Over, With Kimberly Enders
Welcome back to the 367th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Kimberly Enders. Kimberly is the Lead Financial Planner and Managing Partner of Enders Wealth Management, a hybrid advisory firm based in Sterling Heights, Michigan, that oversees $50M in assets under management for 85 client households. What’s unique about […]
Whitmore leaves Jupiter to set up boutique firm
Long-serving Jupiter fund manager Ben Whitmore, who looks after around £10bn, is leaving the firm to start his own boutique fund management business. Mr Whitmore has been with Jupiter since 2006 after joining them from Schroders. He manages the Jupiter UK Special Situations Fund (AUM £2.1bn), as well as the Jupiter Income Trust (AUM £1.6bn), Jupiter […]
A year of strong opinions in Financial Planning — 12 highlights
In 2023, Financial Planning’s op-ed section featured nearly 100 original columns penned by experts across wealth management, from tax pros to tech founders and seemingly everything in between.
How to Create an Efficient Profit and Loss Statement
Hopefully, your business made a profit last year. After all, that’s the primary purpose of most companies – to turn profits and generate earnings for owners and shareholders. But how do you know how much of a profit your business made in the past 12 months? Or in the past six months? The past quarter? […]