Focus Financial eyeing even more M&A with billion-dollar ‘war chest’
Editor’s Column: Time to shout about Financial Planning
Financial Planning is not a solution to climate change nor world hunger but it is, on balance, a pretty good thing. There is, however, more to Financial Planning than Financial Planning and one of those things is the CISI’s Financial Planning Week – the annual consumer campaign to promote the benefits of Financial Planning in its […]
Young Chartered Planner set to take over family firm
Young Financial Planner Ravi Prema, who qualified as a Chartered Financial Planner at 23 years old, is being lined up to take over the family-run financial advice business. He is being groomed to take over from his father, Dinesh Prema, also a Chartered Financial Planner. The financial advisory firm is based in in Hinckley, Leics. […]
Paraplanners Assembly plans space-age conference
The annual conference of the Paraplanners Assembly community will go virtual for the second year in a row in September and adopt a space theme. The Paraplanners Assembly – a training and support group for Paraplanners founded by Paraplanner Richard Allum – has called its event on 9 September ‘The Big Day Out of this World.’ […]
6 Nucleus directors exit as James Hay takes control
Six Nucleus directors have stood down from the company today as the takeover of the business by James Hay is completed creating a platform managing £47bn in funds. The £145m acquisition of Nucleus by James Hay has received regulatory approval and James Hay said today the offer has today gone wholly unconditional with the deal […]
Breakaway advisor’s dilemma: Tuck in or go solo?
Wells Fargo, RBC, LPL Financial, SEC warnings and actions, and other news of the week
Mariner Wealth Advisors continues to be active in the acquisition space, making its 26th deal of the year. A new ETF allows investments in securities backed by mortgage loans for minority, low- and moderate-income families, and those in persistent poverty. Advisors are on the move to LPL Financial, B. Riley Wealth Management, Stifel and others. […]
Third of inheritances used to fund retirement planning
Almost a third (32%) of those who have received an inheritance, of lifetime gift, or who expect to in the future plan to use the fund towards savings and their own retirement funding. Almost half (43%) of UK adults expect to receive an inheritance or lifetime gift, with those under the age of 45 the […]
Advisor compensation models and the race for the mass market
On December 12th, 1969 at the O’Hare Hotel in Chicago, Illinois, Loren Dunton held a meeting with thirteen leading financial service professionals with the specific goal of creating a profession that provided comprehensive financial advice to unprepared Americans. Overall, the meeting was successful and it became the official birthplace of financial planning as a profession. […]