Industry benchmarking studies can be a valuable tool for advisory firm owners to make better business decisions. By compiling and publishing data on firms across the industry, the studies enable owners to compare their firms’ performance side-by-side against that of their peers, giving the owners an expectation for how their firms should perform and insight […]
Archives for March 2022
Planners’ wealth transfer headache – report
A lack of digital and ESG services are preventing some Financial Planners from winning new business from families of existing clients, according to a new report. Financial Planners could be losing over 200,000 potential clients a year. Nearly half (48%) of those whose families had existing relationships with a wealth adviser or Financial Planner did […]
Planners’ wealth transfer headache – report
A lack of digital and ESG services are preventing some Financial Planners from winning new business from families of existing clients, according to a new report. Financial Planners could be losing over 200,000 potential clients a year. Nearly half (48%) of those whose families had existing relationships with a wealth adviser or Financial Planner did […]
Guest Column: Will better regulation ‘fix’ DB transfer market?
The latest FCA action on the BSPS scandal has highlighted the considerable risks for Financial Planners in advising on DB transfers. Despite this, DB transfer work is too big an opportunity to overlook. However with an industry-wide FCA investigation into DB transfer advice all planners will need to be able to justify their past […]
Ameriprise, Raymond James, Baird, plus, a free client-acquisition course, and a Bitcoin mining settlement
FCA to spearhead Open Banking regulation
The FCA, and its sister body the Payment Systems Regulator (PSR), are to lead a study into setting up a regulator of Open Banking. The UK has been one of the global leaders in Open Banking with 5m people already using services powered by Open Banking technology and estimates that by the end of 2023 […]
Weekend Reading for Financial Planners (Mar 26-27)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with new research showing that average asset-based advisory fees increased from 2020 to 2021, suggesting that the phenomenon of “fee compression” from low-cost competition like robo-advisors not only is failing to play out, but may be entirely reversing itself […]
5 Questions All Entrepreneurs Should Ask Before Hiring an Accountant
Get the information you need to find the right one.
FCA revamps PRIIP rules in first post-EU move
The FCA has made significant changes to the rules on Packaged Retail and Insurance-based Investment Products (PRIIPs) in one of its first major moves away from EU regulation. The FCA says it is making the changes to protect consumers better and the changes mark the first major post-Brexit rule change. One major change is to performance scenarios […]
Adviser investment company purchases hit record in 2021
Investment company purchases by advisers via platforms hit a record £1,298m in 2021, an increase of 23% on 2020. Figures compiled by ISS Financial Clarity for the Association of Investment Companies (AIC) reveal that investment company sales surged last year. In the fourth quarter of 2021, purchases amounted to £334m, the second highest quarterly total on record. […]