Keeping your books in order throughout the year is important. So, you track every item, line by line. And, you record every transaction. But, what is transaction in accounting? What, specifically, do you need to track and record? What is transaction in accounting? So, what exactly is the transaction definition in accounting? In accounting, a […]
Archives for November 2021
#FA Success Ep 254: Maximizing A Firm’s Human Capital To Better Scale Its Financial Advice, With Eliza De Pardo
Welcome back to the 254th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Eliza De Pardo. Eliza is the founder of her eponymous advisor consulting firm, with a particular focus on working with mid-to-large-sized independent advisory firms. What’s unique about Eliza, though, is the focus she takes on the human […]
Vanguard reports surge in younger investors
Fund manager Vanguard has reported a surge in younger investors in the UK. Around 35% of the firm’s UK investor base is now under 30. This figure looks set to grow with over 40% of new UK investors in Vanguard’s UK Personal Investor propositions in Q3 being under 30. The firm said this mirrors a trend […]
The largest wealth managers grew by double digits in 2020, report finds
Succession Wealth up for sale – reports
Financial Planning-focused wealth manager Succession Wealth is reportedly up for sale for approximately £400m, according to Sky News. Sky News has reported today that the company’s private equity majority shareholders Inflexion are carrying out a review of options for the group. One option could include a sale. Financial Planning Today has asked Succession Wealth and […]
Succession Wealth up for sale – reports
Financial Planning-focused wealth manager Succession Wealth is reportedly up for sale for approximately £400m, according to Sky News. Sky News has reported today that the company’s private equity majority shareholders Inflexion are carrying out a review of options for the group. One option could include a sale. Financial Planning Today has asked Succession Wealth and […]
Virtual Staff Cybersecurity Requirements: Compliance Issues When Adding New Employees Or Contractors
The owners of solo advisory firms often find themselves splitting their time between client-facing duties and the administrative work of running their business; yet, as the firm’s business increases, advisor-owners will inevitably reach the limits of their capacity. This can lead many advisors to hire support staff to handle more of the administrative work to […]
Editor’s Column: Will hybrid kill the robos?
I am not surprised by the findings of a new survey which suggests that the over-50s are cold-shouldering robo advice. The study found that 8 in 10 over-50s would avoid financial advice from a robo-adviser and nearly 9 in 10 would be unwilling to give details of their finances to a robo. One assumption here […]
Editor’s Column: Will hybrid kill the robos?
I am not surprised by the findings of a new survey which suggests that the over-50s are cold-shouldering robo advice. The study found that 8 in 10 over-50s would avoid financial advice from a robo-adviser and nearly 9 in 10 would be unwilling to give details of their finances to a robo. One assumption here […]
Weekend Reading for Financial Planners (Nov 6-7)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with updates on the proposed tax law changes in the “Build Back Better” Act currently being debated in Washington. The latest version of the bill brings back several IRA-related measures that were in the House Ways and Means Committee’s […]