Many long-time solo financial advisory firm owners with successful practices are eventually faced with the choice either to continue growing their practice into a larger-scale business, or to deliberately level growth so that they can maintain a solo ‘lifestyle’ practice. Owners who choose not to further grow their firms tend to target a different set […]
Archives for October 2021
FCA calls for extension to its regulatory remit
The Financial Conduct Authority has called for an extension of its powers in its latest Perimeter Report. It has called for further powers over online advertising to stop high risk investment products being pushed to ordinary consumers. The FCA wants to see amendments to the Financial Promotions Order to plug loopholes. Current exemptions to the […]
4 RIA marketing tips to avoid brand devastation
Wealth managers react as IHT burden rises
The Government collected £3.1bn in inheritance tax (IHT) between April and September, a rise of 22% (£0.7bn) year on year. The figures – published by HMRC this morning – come amid speculation of potential reforms to IHT. The rise is slightly lower than the 35% reported between April and August, with Covid-19 deaths a potential […]
How to rebrand your advisory firm for a more modern approach
How to rebrand your advisory firm for a more modern approach
SIPP provider Forthplus goes into administration
Edinburgh-based SIPP operator Forthplus Pensions has gone into administration following a string of complaints to the Ombudsman about the firm’s due diligence. Yesterday the directors appointed insolvency practitioners Leonard Curtis Business Solutions Group as joint administrators. Forthplus was unable to meet its FCA-mandated capital adequacy requirements and the board of the company recognised it was no […]
Adjusting Monte Carlo Success Thresholds By Tolerance For Spending Volatility
Monte Carlo simulations are an important part of an advisor’s toolbox when constructing a client’s financial plan, as they demonstrate the wide range of potential outcomes that a retiree might experience. These simulations inform the retiree of how much they can spend in the short-term to avoid plan failure in the future, and they also […]
