The fintech CEO says advisors can build better trust and stronger client relationships simply by being better at listening.
Huddersfield firm fined £900k over BSPS failings
The FCA has fined Huddersfield-based Inspirational Financial Management Ltd (FRN 223511) £897,840 saying it poorly advised people to transfer out of DB pension schemes, including the British Steel Pension Scheme (BSPS). Meanwhile Arthur Cobill, an adviser at IFM, which is in administration, and William Hofstetter, one of its directors, have been banned by the FCA. […]
Single woman seeks wealth management: How to advise independent female clients
Single women are poised to gain trillions of dollars in wealth by the end of the decade. Here’s what financial advisors need to know about working with them.
Ex-Wells advisors’ suit describes pressure to ‘cross-sell’ bank products
A pair of former wealth managers contend they were yelled at and suffered other retribution after raising concerns about sharing clients’ information without their knowledge.
Editor’s Comment: A ‘smoke and mirrors Budget?’…maybe
Don’t reach for your hankies just yet, but I’m beginning to feel a touch of sympathy for our much-lambasted Chancellor Jeremy Hunt. In virtually every media interview I’ve listened to this week since his Budget he’s been hammered. Spring must be the season for ‘Chancellor bashing.’ Many planners have seen it as a ‘smoke and […]
Craven Street absorbs Punter Southall Financial Planning arm
Chartered Financial Planner Craven Street Wealth has completed its acquisition of Punter Southall Aspire’s Financial Planning division which was announced in January. The deal increases AUM for Craven Street by over £600m to £1.85bn. The two firms are underpinned by a longstanding relationship between Craven Street Group and pensions and advice firm Punter Southall Group. […]
£24.3bn pulled from funds by retail investors in 2023
UK retail savers took £24.4bn out of investment funds in 2023, according to the latest data from the Investment Association. This is only the second year that an annual outflow has been recorded, with 2022 seeing outflows of £26.9bn. Retail fund sales could fall even further this year, with January seeing net retail outflows of […]
Lawsuit challenges DOL’s ‘independent contractor’ rule days before it takes effect
The Financial Services Institute continues to push for a return to a Trump Administration rule it contends offered clarity in employment questions.
Spring Budget: Chancellor cuts NI by another 2pc
Chancellor Jeremy Hunt has announced a cut to employees’ National Insurance from 10% to 8% from April as one of a raft of measures announced in his Spring Budget today. The Chancellor cut NI before in his Autumn Statement with the new rate taking effect from 6 January. The NI cut announced today will put […]
Evelyn appoints Dubai Planner to north west
Wealth manager and Financial Planner Evelyn Partners has appointed Chartered Financial Planner Mickey Armstrong as a Financial Planner in its Knutsford, Cheshire office, recruiting him from a Dubai firm. The appointment is part of the firm’s continued North West expansion, it said. Mr Armstrong joins Evelyn from AES International in Dubai where he worked as a Chartered […]