Archives for March 2022
Planners lack tech skills says NextWealth
Most Financial Planners are still not technology literate, according to a new report from NextWealth. Many Financial Planners do not see the opportunities that technology can open for them and their clients, according to the report. NextWealth said this could leave them vulnerable to “challengers” who enter the market with consumer-technology-led propositions “in their DNA”. […]
Creating A Financial Planning Residency Program To Develop The Next Generation Of Advisors
One of the most important aspects of the development of financial planning as a profession is the setting of standards, both for the practice of financial planning and for those who can call themselves a Certified Financial Planner (CFP) professional. But while CFP Board has created a universal set of practice standards, the experience requirement […]
How to Scale Your Business with Minimal Effort
If you want your business to grow, at some point you’ll have to think how to scale your business. Scaling it isn’t exactly the same as growing it, though they are often used interchangeably. Growth refers to adding resources and increasing your revenue in a linear fashion. You double your number of offices to double […]
Wells Fargo, Raymond James, LPL; plus, climate-focused 401(k)s, and former financial advisor pleads to child porn
Editor’s Column: Why the ‘John Lewis’ model is taking off
I must confess I was sceptical when a number of Financial Planners, including employee ownership evangelist Chris Budd, began pushing the idea that employee ownership could be a viable pathway for many Financial Planning firms. Mr Budd, the chairman of Ovation Finance, has long promoted the so-called ‘John Lewis’ model for Financial Planning firms. […]
Editor’s Column: Why the ‘John Lewis’ model is taking off
I must confess I was sceptical when a number of Financial Planners, including employee ownership evangelist Chris Budd, began pushing the idea that employee ownership could be a viable pathway for many Financial Planning firms. Mr Budd, the chairman of Ovation Finance, has long promoted the so-called ‘John Lewis’ model for Financial Planning firms. […]
Is the wealth management industry really about to crown a new No. 1 ETF manager?
Weekend Reading for Financial Planners (Mar 19-20)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news of the Federal Reserve’s long-anticipated interest rate hike – the first of what will likely be a series of increases to combat the current spike of inflation – and a look at the wide-ranging effects it […]
SIPP firm Heritage Pensions goes into liquidation
SIPP provider Heritage Pensions Limited has gone into liquidation this week after a string of upheld claims against the firm. Heritage sought insolvency this week after a number final decisions issued by the Financial Ombudsman Service (FOS) against the company expected to cost at least £600,000 in redress. Heritage was roundly criticised by the Financial […]