Former investment adviser Richard Faithfull has been sentenced to 5 years and 10 months in prison for laundering money. He was involved in laundering up to £2.5m for a UK ‘boiler room’ investment operation which pushed worthless shares between June 2017 and August 2018. The former investment adviser and stockbroker was caught following a joint […]
Archives for September 2021
Kitces & Carl Ep 68: Managing Advisor Turnover And The Transferability Of Trust
In July 2021, Schwab released its latest RIA benchmark study, which, among a plethora of other things, asked advisory firms what their top strategic initiatives were. Unsurprisingly, the top result was to “acquire new clients through client referrals”, but coming in at second (and moving up from the fifth spot the previous year) was to […]
Kitces & Carl Ep 68: Managing Advisor Turnover And The Transferability Of Trust
In July 2021, Schwab released its latest RIA benchmark study, which, among a plethora of other things, asked advisory firms what their top strategic initiatives were. Unsurprisingly, the top result was to “acquire new clients through client referrals”, but coming in at second (and moving up from the fifth spot the previous year) was to […]
Troubled brokerage can’t blame Zoom for its FINRA woes, judge rules
Private equity firm Cinven acquires True Potential
Private equity firm Cinven is to acquire one of the UK’s largest financial advisory firms, wealth manager True Potential. Newcastle-based True Potential will sell a majority stake in the business to Cinven, an international private equity firm with substantial interests in financial services. Rumours about the deal have been swirling through the markets in recent […]
Private equity firm Cinven acquires True Potential
Private equity firm Cinven is to acquire one of the UK’s largest financial advisory firms, wealth manager True Potential. Newcastle-based True Potential will sell a majority stake in the business to Cinven, an international private equity firm with substantial interests in financial services. Rumours about the deal have been swirling through the markets in recent […]
Communicate Your Value As An Advisor By Explaining The “How” And Not Just The “What”
For many financial advisors, having the ability to effectively and efficiently provide solutions to new clients doesn’t always translate into prospects making the choice to engage in a planning agreement with the advisor. Sometimes, this can be caused by overlooking what many prospects truly value most, which is the path to the solution (i.e., how […]
Communicate Your Value As An Advisor By Explaining The “How” And Not Just The “What”
For many financial advisors, having the ability to effectively and efficiently provide solutions to new clients doesn’t always translate into prospects making the choice to engage in a planning agreement with the advisor. Sometimes, this can be caused by overlooking what many prospects truly value most, which is the path to the solution (i.e., how […]
Eyeing advisory-focused turnaround, midsize firm hires new president
Govt abandons pensions triple for 1 year
The Government will abandon its Triple Lock on pensions for one year, effectively reducing it to a double lock, to avert an increase in the State Pension of up to 8%. The Government will suspend the Triple Lock rule so the State Pension rise is no more than the higher of inflation – 2% at […]