It’s not just good for the planet — socially conscious funds have earned solid returns over the past 10 years. Here are the highest performers.
Editor’s Comment: Can the SJP ’empire’ strike back?
It’s been a torrid week for wealth manager St James’s Place and senior figures could be forgiven for reaching for the Scotch this weekend. Trebles I suspect. The shock announcement the firm would set aside £426m to deal with potential client refunds of ongoing fees, where the promised service may not have been delivered, shook […]
‘Honeypot’ suit against Morgan Stanley alleges behavior Wall Street has tried to leave behind
A lawyer says the industry has been on notice at least since the “Boom Boom Room” scandal of the 1980s that hostile workplaces won’t be tolerated.
UCIS director banned after investors lose £57m
Robin Forster, the director of a Ponzi-style unlawful and unauthorised care home investment scheme which saw investors lost £57m, has been banned for 14 years. Mr Forster, 42, was the director of companies which took £57m from investors by convincing them to invest in an unauthorised care home investment scheme. He also deprived creditors of […]
LPL continues recruiting run with $1B ex-Merrill team
An industry report finds the largest independent brokerage, with its supported independence offering, had the biggest net headcount gain last year.
Pru with profits fund shares £3.5bn with customers
The £126bn Prudential with profits fund is set to share £3.5bn with more than 2m of its policyholders, owner M&G Wealth has revealed. The with profits fund is believed to be the largest fund of its kind in the UK. Its main asset pool returned 4.3% over the 12 months to the end of 2023 […]
IRS donor-advised fund proposal could have ‘chilling effect’
Planners who recommend the increasingly popular charitable vehicles could face penalties for what’s currently a pretty common practice in the industry, experts say.
QBI tax break — should it stay or should it go?
The 20% deduction for the qualified income of pass-through entities has strong supporters and critics. Here’s how tax experts say it could play out if made permanent.
LPL adding $16B Wintrust program in recruiting grab from Wells Fargo
The firm’s big tech investments and history working with banks attracted Wintrust, the CEO of its wealth division told FP.
Editor’s Comment: A duty to think again
As the next stage of the FCA’s Consumer Duty looms in July – when legacy products and sales will be included – some new research suggests the Duty may be rather more of a burden on Financial Planners and advisers than first thought. In addition, there are also signs that many consumers, more than seven […]