“Before COVID-19, we were scared to bring up our wealth with our children.” These were the candid words of a longtime client who called about a month ago, echoing a sentiment I hear more often than I’d like. But fortunately, for many ultrahigh-net-worth families like his, there has been an important shift during the pandemic. […]
LPL will buy Waddell & Reed’s wealth management business for $300M
LPL Financial plans to acquire Waddell & Reed’s wealth management business for $300 million. The purchase is part of a larger deal for Macquarie Group, Australia’s largest investment bank, to acquire Waddell & Reed for $1.7 billion to expand its presence in U.S. asset management. Following completion of the deal, Macquarie will sell the wealth […]
As Oranj nears shut down date, rivals woo advisors in need of new software
Technology vendors are offering special discounts to entice financial advisors scrambling to find a new digital platform before Oranj closes its doors on Dec. 31. The fintech marketplace is a competitive one, and Oranj’s short notice to advisors that it was shutting down at year’s end provides a truncated period to win over new business […]
Aberdeen Standard adds sustainable fund range
Aberdeen Standard Investments (ASI) has launched a new sustainable fund of funds range under its ‘MyFolio’ brand. The range includes five risk-graded, multi-asset portfolios that aim to do “more good and less harm,” the company says. The five funds provide different combinations of investment risk and return. The target for each is to generate growth […]
JPMorgan bolsters advisor talent in New York, Houston
J.P. Morgan Wealth Management expanded its advisor talent pool in two offices. In New York, J.P. Morgan Advisors promoted Cayman Wills to regional director, according to the firm. Wills will now oversee a staff of 115 advisors and focus on driving growth as well as new client acquisition and talent, the firm says. She will […]
Guest Column: How to reach the worried over-55s
Much has been written about the advice gap for workers in their 50s who may be contemplating the next phase of their career, along with thoughts of retirement, writes Peter Selby of Punter Southall Aspire. While these workers face many challenging questions, not least how to cope with the pandemic, our recent research highlights a […]
Money, money, money
Looking at any job or career path, a natural question arises: What am I going to be paid? For advisors, the answer isn’t always straightforward. In fact, it’s quite complex and changing. That’s why Financial Planning has dedicated this issue to examining a complicated topic: What’s next for advisor pay? To get a better handle […]
Vanguard adds drawdown option to Personal Pension
US-owned investment manager Vanguard has added a drawdown option to its SIPP-based Personal Pension plan. The company says there are no additional charges for drawdown beyond the 0.15% account fee. According to the company, an investor in drawdown with the median UK pension pot of £210,000 could save £7,168 more through the Vanguard Personal Pension […]
myCAMS Review – Buy Sell Invest Mutual Funds
myCAMS is a SEBI-Registered Registrar & Transfer (R&T) Agency. myCAMS offers digital convenience to investors. You can buy sell switch and invest in mutual funds online by using myCAMS. myCAMS platform is available on the website as well as on mobile app. Mutual Fund investors should make use of myCAMS. Key features and services offered […]
SFT Transactions in Form 26AS – You should verify before filing ITR
SFT in Form 26AS – Filing ITR, you should check Form 26AS for SFT. The new concept of SFT is added recently by the Income tax department. SFT is abbreviated word. Full form of SFT is Statement of Financial Transactions. The prime purpose of tracking and including SFT in form 26AS is curbing black money. […]