Clients have poured online in droves, signing up for UBS’ digital presentations in record numbers, the company said, another sign of how the coronavirus pandemic is transforming client-advisor relationships. The firm probably accelerated by five years user adoption of its digital tools, according to a person familiar with the matter. UBS reported that client log-ins […]
Archives for April 2020
WhatsApp doubles video participants limit to 8
WhatsApp is doubling the number of participants on a WhatsApp video or voice call from 4 to 8 people at a time. The move could help it compete with popular videoconferencing app Zoom. WhatsApp said over the last month, people on an average are spending over 15 billion minutes talking each day on WhatsApp calls […]
Liberty SIPP goes into administration
Liberty SIPP Limited has entered administration, opening the door to FSCS compensation claims for hundreds of clients. Andrew Poxon and Alex Cadwallader of Leonard Curtis have been appointed as joint administrators. Liberty SIPP sold its business and customer assets to EBS Pensions, part of Embark Group, in October 2018 after Liberty was faced with mounting […]
EU sets out ‘quick fixes’ to boost bank lending during pandemic
LONDON (Reuters) – Banks should rein in bonuses to boost their capacity to help businesses and households hit by the coronavirus crisis, the European Union’s executive said on Tuesday. The European Commission set out a fresh package of temporary “quick fixes” offering capital relief that would support extra lending potentially worth up to 450 billion […]
Planner to Planner: Reality Meets Your Business Continuity Plan
There’s nothing quite like a pandemic to bring business continuity planning to the forefront of planners’ minds. In the most recent call in FPA’s Planner-to-Planner conversation series powered by TD Ameritrade Institutional and Vanguard, host Elizabeth Jetton, M.Ed., CFP®, guided a conversation about what planners have learned about continuity planning from previous crises, and what […]
You can’t invest in GDP
First, here’s a look at the global recovery in stocks since the S&P 500 lows of March 23rd, about a month ago, via some of the most widely used index ETFs… If only people’s lives and businesses had seen a bounce with the same ferocity… Now, my periodic reminder that investing in the stock market […]
Webcast: Estate Planning Amid COVID-19
8 months ago · 1 hour 27 min watch SECTION EXCLUSIVE Slides Navigating through health and wealth concerns created by COVID19 can be daunting. It’s important to cover the basic estate planning needs for your clients. On a positive note, this environment of extremely low interest rates and depressed asset values – along with the […]
From investments in Tencent to Zoom, Hillhouse founder Lei Zhang is one of the world’s richest financiers
By Michael McDonald and Lulu Yilun Chen Just before the Coronavirus-induced US lockdowns began in March, some of the world’s investing elite gathered at an invite-only event in Silicon Valley. Representatives for super-rich families and endowments crowded into Vina Enoteca, an Italian restaurant right by the Stanford University campus. They were there to hear from […]
ETtech Top 5: VC investments slump, no income for blue-collar workers & more
Dear reader, Venture capital investments slumped to $2.2 billion in the first quarter of calendar year 2020 compared to $6 billion in the preceding three months. Illustration: Rahul Awasthi Investors tread warily The funding, according to the latest edition of KPMG’s Venture Pulse report, was hit hard by a combination of global macroeconomic uncertainty and […]
#FASuccess Ep 174: Leveraging Zapier And PreciseFP To Weave Together Independent Advisor Open Architecture, with Shanna Tingom
Executive Summary Welcome back to the 174th episode of Financial Advisor Success Podcast! My guest on today’s podcast is Shanna Tingom. Shanna is the founder of Heritage Financial Strategies, a dually registered advisory firm located near Phoenix, Arizona, that oversees $50 million of assets under management for nearly 250 middle-market clients. What’s unique about Shanna, though, […]