Fintech and support services firm Fintel has returned to a positive net cash position with the proceeds of its sales of non-core arms completed in 2021. The firm reported a net debt of £19.4m in 2020. The fintech’s net cash position for the year ended 31 December was £2.5m, according to a trading update released […]
Archives for January 2022
UBS acquires robo-adviser Wealthfront for $1.4bn
UBS is to purchase robo-adviser Wealthfront for $1.4bn to accelerate its growth ambitions in the US. UBS said the deal with expand its distribution and capabilities. The deal is on an all-cash basis and is expected to complete in the second half of the year. It is subject to regulatory approval. Wealthfront has over $27bn […]
Verso Wealth Management acquires Chartered Planning firm
Digital wealth manager Verso Wealth Management has acquired Chartered Financial Planning firm Pavis Financial Management. Pavis brings £280m of assets under advice. The deal was funded by Verso’s partnership with private equity firm Cairngorm Capital. Pavis is a Chartered Financial Planning firm based in Liverpool, serving clients across the UK. It specializes in holistic Financial […]
Ex-UBS broker spent a family’s millions on his lovers: SEC
5 questions about planning and content for Akeiva Ellis
Why High Equity Valuations And Low Bond Yields Won’t (Necessarily) Break The 4% Rule
For nearly 30 years, the so-called ‘4% rule’ has been a starting point for retirement planning conversations between financial planners and their clients. But as equity valuations such as the Shiller CAPE ratio have ratcheted up to nearly all-time highs in recent years, with bond yields simultaneously reaching all-time lows (suggesting below-average future returns in […]
Cost of living rise driving increase in equity release
Total lending to homeowners over 55 via equity release products grew by 24% year-on-year in 2021, according to the latest statistics from the Equity Release Council. Over 76,000 people accessed equity release products, borrowing a total of £4.8bn in 2021. This compares with equity release borrowing of £3.86bn in 2020. The fourth quarter was the […]
Cost of living rise driving increase in equity release
Total lending to homeowners over 55 via equity release products grew by 24% year-on-year in 2021, according to the latest statistics from the Equity Release Council. Over 76,000 people accessed equity release products, borrowing a total of £4.8bn in 2021. This compares with equity release borrowing of £3.86bn in 2020. The fourth quarter was the […]
Types of Self-employment: Which Is Right for Your Business?
Owning a business may mean that you are self-employed. But, the IRS has rules about which business owners are self-employed and which are not. Basically, all self-employed individuals are business owners, but not all business owners are self-employed. So, what are the types of self-employment? 5 types of self-employment Before we dive into the five […]
#FA Success Ep 265: Connecting With Ultra-HNW Next Generation Heirs By Fostering Real Family Trust And Communication, With Amy Castoro
Welcome back to the 265th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Amy Castoro. Amy is the president and CEO of The Williams Group, a coaching and consulting firm based out of San Clemente, California, that helps financial advisors engage with more than 800 high-net-worth families to develop solid foundations […]