Archives for 2021
Weekend Reading for Financial Planners (Oct 23-24)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with Charles Schwab CEO Walt Bettinger’s comments at this week’s virtual Schwab IMPACT conference that direct indexing is a ‘freight train’ that is coming for the mutual fund and ETF industry and that advisors can survive and thrive by […]
Weekend Reading for Financial Planners (Oct 23-24)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with Charles Schwab CEO Walt Bettinger’s comments at this week’s virtual Schwab IMPACT conference that direct indexing is a ‘freight train’ that is coming for the mutual fund and ETF industry and that advisors can survive and thrive by […]
Editor’s Column: A different kind of regulator? Hopefully…
Quietly and gradually the FCA is changing and not before time. There have been a few signs of this in the past few weeks and months and let’s hope the change is lasting and continuous. One sign of modernisation came this week with the FCA launching services on TikTok and YouTube to warn younger investors about the […]
RBC, LPL, Raymond James, plus advisor fraud, FPA leaders and more
Amid growing number of breakaways, Sanctuary adds 17th team of 2021
FCA revamps rules for MiFID investment firms
The FCA has today published final rules to “streamline and simplify” the prudential requirements for solo-regulated UK firms authorised under the Markets in Financial Instruments Directive (MiFID). The new rules are part of the impending Investment Firms Prudential Regime (IFPR) reforms which the regulator describes as, “a major change for FCA investment firms.” The […]
Low cost adviser launches auto-review service
OpenMoney, a low cost online financial advice service, has launched an automated annual review service to nudge clients to update their financial details, investment goals and risk preferences at least once a year. OpenMoney says the move is to ensure that any recommendations they receive remain suitable and up to date. OpenMoney customers will be […]
Low cost adviser launches auto-review service
OpenMoney, a low cost online financial advice service, has launched an automated annual review service to nudge clients to update their financial details, investment goals and risk preferences at least once a year. OpenMoney says the move is to ensure that any recommendations they receive remain suitable and up to date. OpenMoney customers will be […]
AIC calls for KIDs to be suspended
The Association of Investment Companies has criticised proposed FCA reform to Key Information Documents (KIDs) as “tinkering around the edges” and wants KIDs suspended prior to major reform. It says the FCA’s changes will not solve fundamental flaws in KIDS which are provided to investors before they make investments. The AIC says that KIDs should […]